Which is more cost-effective for buyers to use car bank loans or credit cards to pay in installments?

Credit card installment is cost-effective. There is no interest on buying a car by installment with a credit card, and you only need to pay the corresponding handling fee, but the brands and models that support this business will be restricted, and the amount you can apply for is limited. If you want to buy a luxury car, you can't choose credit card installment. There is no limit on the loan to buy a car. Basically, all models support loans to buy houses, but correspondingly, they have to pay more loan interest than the installment fee. So you can choose the way to buy a car according to your actual needs and buy a home scooter. As long as the model supports, the credit card installment method is obviously more cost-effective.

Attachment: Disadvantages of bank loan for car purchase:

It is difficult to apply for a traditional car loan from the bank. Consumers need to provide a series of proof materials to the bank: ID card, work certificate, bank flow in the past year, social security certificate for more than two years (inclusive), real estate license or purchase contract or purchase invoice, etc. Third-party guarantee and pledge are also needed.