What does the BMW x3 daily supply of 59 mean?

The total loan amount is divided by the number of loan days, and it only costs 59 yuan per day. These advertising slogans are very common for many items that require installment payment, and their main purpose is to attract customers to purchase at a smaller price. With the development of the times and changes in payment methods, home loans and car loans have become common loan methods. A car loan refers to a loan issued by a lender to a borrower who applies to buy a car. Generally, the term of consumer car loans is 1-3 years, with the longest term not exceeding 5 years, while the term of second-hand car loans is no more than 3 years. Although a car loan is a common and easy type of loan to apply for, not everyone can apply for it. It is generally stipulated that the loan recipient must be a permanent resident of the location of the lending bank and have full civil capacity. With the rapid development of the car loan business, it is possible for everyone to own a car.