How to buy a car with three years interest free loan buy a car with three years interest free loan

What are the conditions for an interest-free car loan?

Conditions needed for a car loan interest-free:

1, the lender needs to be at least 18 years old, to have the capacity for civil behavior, with the ability to assume certain legal responsibilities.

2, the lender needs to have a stable income, which is an important basis for the bank whether to lend to them.

3, the lender has a good reputation and has the ability to repay the loan.

1-3 years of interest-free loans, this is more common, that is, the borrower in 1-3 years to pay off the principal does not need to repay the interest, once more than the loan time, the rest of the time you need to pay the interest generated by the cost.

13-month interest-free loans, this compared to the previous type of loan, is the difference in time, the borrower must pay off the loan within 13 months, otherwise you need to pay interest.

What is the three-year interest-free car buying scheme? Car loan three years interest-free pit where

Buying a car three years interest-free is usually not a set-up, now many car brands of many models offer three years interest-free purchase policy. The purpose of such an interest-free policy is to consume and increase domestic demand. And three-year interest-free financial loan program has a direct bank to provide, there are also car manufacturers to provide directly. Interest-free car purchase policy gradually also become an effective means to promote vehicle sales.

The three-year interest-free car loan is generally not a pit, but nothing is absolute. There are some dealers, in the three-year interest-free policy conditions, add a lot of manufacturers or banks without the approval of the bundled content, for example, the car supports three years of interest-free loan program, but need to pay 5,000 yuan loan service fee, and need to be the next three years in the store to buy insurance and repair and maintenance and other unreasonable requirements.

According to insiders in the industry, financial programs and other business dealers are often disconnected without any connection, without the existence of unreasonable preconditions, in addition to suggesting that interest-free financial programs not only only in the dealers to obtain, the use of credit cards on weekdays consumers can be familiar with their own financial institutions interest-free borrowing, which is not only to reduce the probability of the dealers pit, but also the procedures are much simpler.

Applying for interest-free loan procedures at the dealership generally requires the following information:

1, valid ID card;

2, valid driver's license;

3, the last six months of bank current, and the last three days of the transfer record;

4, the lending institution required by the bank savings card for repayment.

3 years 0 interest to buy a car what cars 2022

3 years 0 interest to buy a car car are FAW Mazda's Ruiyi three-box sedan, Dongfeng Honda's Spur, Beijing Hyundai's Hyundai, Changan Ford's Fiesta Fox, Mondeo Zhisheng, Mecca s-max; Chang'an Volvo Volvo's Volvo s80.

0 interest to buy a car model is very much here to introduce a few models:; Fox, Ruiyi sedan, Hyundai, Fiesta, Spyder and so on. The main zero-interest loan to buy a car contains the following two ways:

1, 1-3 years interest-free loan mode: This is the most common type of mortgage loan on the market, consumers mortgage loan to buy a car, and they only need to pay the principal part of the period of the interest portion of the dealerships to bear all of them. But only in the manufacturer's stipulated interest-free period of repayment is zero interest, the rest of the month payment is to pay the normal interest generated by the cost.

2, 13-month interest-free loan mode: the longest time limit of this mode for 13 months, within the specified period of repayment for zero interest, and does not support early repayment.

3 years of interest-free to buy a car follow-up trouble?

3 years interest-free buy car follow-up trouble

Three years interest-free loan, simply means that when you apply for a car loan, you can enjoy three years of interest-free service. So as far as the official interest-free issue is concerned, it is true, but it may not be as cost-effective as people think. Whether it is a 4s store or a financial platform, its essence is to make profit-oriented business model, so all promotional means can not be built on the premise of damage to their own interests. In the current situation, these so-called three-year interest-free loans, often need to pay a certain amount of handling fees, and the handling fees are not cheaper than the normal interest rate. This is because the maximum length of a car loan is five years, and if you choose a five-year repayment period, it means that you will have to pay interest in the following two years, which may be higher than a normal loan. So all things considered, a three-year interest-free loan may not be as cost-effective as people think.

Interest-free car loan for up to a few years

Interest-free car loan for 1 year - 3 years of zero-interest car loan. Interest-free car loan period: 1, such as Dongfeng Nissan's part of the model, 24 payment, the fee charged 4.5%, some brands even up to 7% of the cost of the model; 2, in addition, the fee is to pay the down payment when the monthly payment of a one-time payment, at the same time, we also need to point out that enjoy "interest-free auto loans" can not enjoy the special car! Price, if the customer chooses to buy a car in installments, you need to buy a car in accordance with the market guide price; 3, before you apply for an auto loan to pay off the loan, the car all for the bank, so the bank will put forward measures to prevent risk, so that the customer to buy more car insurance, so the car buyers should have a clear understanding of the way to do.

Auto loan 3 years interest-free really

This is a set up, "interest-free is not equal to free", in fact, zero-interest loans in the financial market is not new, it is the automobile manufacturers and banks or auto finance companies and other institutions jointly launched a car loan The business is not new in the financial market. However, in practice, car sellers in order to make up for their losses, often in the purchase of cars or loans, consumers are required to pay another fee. This is also a disguised way of charging interest.

The loan is subject to a processing fee. A one-year loan is a 12-month processing fee, and a two-year loan is a 24-month processing fee. The monthly fee is based on $100, and if you choose to buy a car with a 3-year interest-free loan, you will have to pay a $3,600 fee once before you pick up the car and drop it off.

Second, the loan for three years will be able to require customers to continuity of insurance, which includes letting the customer pay one or two thousand renewal deposit, until the end of the three-year renewal, the 4s store will be the renewal of the deposit will be refunded to the owner of the car.

Auto loan considerations

1, credit review to pay attention to

Banks in the consideration of the borrower's repayment ability, will be comprehensive consideration of the borrower's real estate status, income, occupation, credit history, and even the industry, education and other factors, in order to determine the borrower's qualifications for the loan. In addition to looking at proof of property, the borrower's occupation and income are important criteria for judging.

2. Loan documents should be complete

Generally to apply for a bank personal auto loan, the borrower needs to prepare identity documents (ID card, household registration or residence permit), marriage certificate, valid income certificate (tax bill, pay stubs, payroll passbook, etc.) or other valid proof of source of income (fund, stock, other monetary income, etc.). If applying for a bank personal auto loan on a family basis, proof of identity of the borrower's spouse should also be submitted to the bank.

The introduction of the three-year interest-free loan for buying a car and how to calculate the three-year interest-free loan for buying a car ends here, I do not know if you find the information you need from it?