Generally speaking, the auto loan interest rate is slightly higher than the bank benchmark interest rate. For example, at present, the auto loan interest rate of ordinary banks generally rises by 10% according to the bank benchmark interest rate. Before the interest rate adjustment, the central bank's benchmark annual interest rate was 65438+5.3 1% for 0 years and 5.40% for 2-3 years. Auto loan interest rate 1 year, 5.84 1%, 2-3 years, 5.94%. After interest rate adjustment, the benchmark annual interest rate of the central bank is 65438+5.56% for 0 years and 5.60% for 2-3 years. The car loan interest rate is 65438+6. 1 16% for 0 years and 6. 16% for 2-3 years.

Automobile mortgage refers to a loan obtained from a financial institution or an automobile consumption loan company with a borrower's or a third party's car or a self-purchased car as collateral. The business of automobile mortgage is divided into parking and non-parking, and the mortgage interest rate of parking in automobile mortgage is relatively low. You don't need to take a car for car mortgage, but you need to pay a storage fee in addition to interest.

Banks generally have requirements for the age, mileage and vehicle valuation of loan vehicles. The threshold of financial institutions such as P2P is low, but financial institutions will require vehicles to be registered in the name of lenders, with licenses and no guarantees.

The loan funds can be used for business purposes such as purchasing raw materials and commodities, and also for consumer purposes such as car purchase, decoration, travel and wedding. Generally speaking, bank vehicle mortgage loans are not allowed to be used for buying houses, studying abroad and investing in financial securities products. Financial institutions such as P2P have relatively loose requirements for loan purposes.