Will it be cheaper to buy a car in installments with five insurances and one gold?

First, is it cheap to buy a car with five insurances and one gold?

You can't get a cheap car loan if you pay social security. Social security has nothing to do with car loans. If you don't pay social security, there is no discount for your loan to buy a car.

After paying social security, you can get a pension after retirement, and your future life is guaranteed! There is not much connection between the two, but sometimes paying social security will help mortgage approval!

Second, why is it more favorable to buy a car with a loan than with the full amount?

Buying a car with a loan is more favorable than buying a car in full. This is because the loan car will charge loan interest and financial service fee, so it will be absorbed by reducing the total price of the car. Because users will not pay interest and financial service fees, users who don't know the actual situation will think that it is better to borrow a car than to buy a car.

In fact, buying a car in full will be the most cost-effective. Even if the loan is interest-free, the financial service charge and the first year's auto insurance are not small expenses.

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Car loan is the lender's application to buy a car. Automobile consumption loan is a new loan method that banks provide RMB-guaranteed loans to their car buyers.

The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (commercial vehicles are not for profit). The higher the interest rate, the greater the repayment amount of consumers.

Automobile loan channel

1. auto financing company: the biggest advantage lies in convenience and low threshold. Companies are generally founded by car companies. Its "convenience" is not only reflected in its hukou and the real estate purchased through 4S stores.

2. Buying a car with a credit card: The most obvious advantage lies in the loan interest rate, which is half lower. Generally speaking, the model is also cross-brand, and you can only enjoy it if you choose a high credit line.

3. Bank car loans, banks are facing the pressure of tightening credit scale, consumer loans such as car loans have shrunk sharply, and the loan doors of some middle and low-end cars have been temporarily closed. The biggest advantage is a wide range of choices. Car buyers can go directly to the bank to apply for personal car consumption loans after they take a fancy to the models.

However, the procedure of lender qualification examination is very complicated. Generally, it is necessary to provide some banks with a relaxed policy for high-end customers or high-end models, so that they can be compared with other car loans, and the approval period is very long.

In terms of loan interest rate, the mortgage interest rate will generally rise by about 65,438+00% on the basis of the bank's benchmark loan interest rate for the same period. This business needs a guarantee company or automobile guarantee insurance to guarantee, and car buyers also need to bear 2.5% to 3% guarantee fees. Among the three ways, the comprehensive cost of bank car loan is the highest.

Third, why is the loan more favorable than the full amount when buying a car?

There are interest-free and preferential policies.

It is more economical for customers who borrow money to buy a car to choose credit card installment payment than bank car loans and auto financing companies. Usually, credit card installment payment is free of guarantee and interest, and only charges a handling fee. At the same time, when buying a car by credit card, there is no mandatory requirement for new car insurance and renewal. Generally, you only need to buy major insurance and burglary.

In the way of credit card installment payment, banks will have higher requirements for applicants, generally requiring local accounts, stable income, no bad credit history, real estate and high-quality bank customers are preferred.

Extended data:

Matters needing attention in loan to buy a car

1. Car buyers must be at least 18 years old and be China citizens with full civil capacity.

2. Car buyers must have a relatively stable job, a relatively stable economic income or assets that are easy to realize, in order to repay the loan principal and interest on schedule. Assets that are easy to realize here generally refer to securities and gold and silver products.

3. During the loan application period, the car buyer shall deposit no less than the down payment stipulated by the bank in the account of the bank savings counter.