How much is the car loan down payment?

How much is the down payment for buying a car?

When buying a car, choose a 4S shop to apply for a car loan, and buy a car with a down payment of 30%. The loan interest depends on the down payment and repayment period, and the loan interest is between 5% and 8%.

The maximum loan ratio for self-use traditional power vehicles is 80%, and the maximum loan ratio for commercial traditional power vehicles is 70%. The maximum loan ratio for self-use new energy vehicles is 85%, and the maximum loan ratio for commercial new energy vehicles is 75%; The proportion of second-hand car loans is up to 70%.

Attention problem

When you see advertising slogans such as "zero down payment", "zero interest rate" and "1 yuan loan to buy a car" in the auto market, don't be too happy for the time being, you need to be vigilant and don't fall into the trap designed by dealers and loan intermediaries.

These car loan concessions of "zero down payment", "zero interest rate" and "1 yuan loan to buy a car" will attract the attention of many consumers at first sight. These preferential policies look very attractive. In fact, most of the concessions are made on the basis of raising car prices and increasing agency fees. What's more, they are inevitably fraudulent.

Refer to the above contents: People's Republic of China (PRC) and China governments-notice of the two departments on adjusting the policies related to auto loans, Baidu Encyclopedia-down payment of auto loans.

How much is the general down payment for buying a car?

Usually, the down payment for bank loans to buy a car is generally 40%, the outstanding loan conditions can be 30%, and the minimum down payment for auto financing company loans can reach 20%. Financial institutions that have been approved by the China Banking Regulatory Commission to operate personal car loans can independently decide the down payment ratio of new energy vehicles and used cars on the basis of the principles of prudence and risk control and the minimum requirements of 65,438+05% and 30% respectively. Financial institutions should reasonably determine the specific proportion of auto loans according to the borrower's credit status and repayment ability, combined with their own auto loan policies, risk prevention and control and other factors; Effectively strengthen the whole process management of auto loans, strengthen the pre-loan review, and constantly improve the customer credit evaluation system to ensure that the first repayment source of loans can completely cover the corresponding principal and interest.

How much is the general down payment for a loan to buy a car?

From 20 15, the minimum is 20%, and the down payment must be above 20%, which may be increased according to the requirements of the unit you apply for a loan, generally 30%. If your credit and financial strength can't meet the company's standards, you may be required to increase the down payment.

The minimum down payment is 20%. The People's Bank of China stipulates that the down payment ratio of individual car loans and car loans shall not be less than 20%. However, due to the credit crunch during the year, some banks in Shanghai have increased the down payment ratio of personal car loans from 20% to 30%-40%.

If you want to buy a 100w BMW, you should pay 20%-50% down payment for buying a car by stages, and the general bank requires 40%-50%. Some car dealers can get 20% or even lower if they find some financing companies.

Extended data:

If you buy a car down payment, you need to pay 20-50w, or even lower. For car buyers who intend to apply for personal car loans from banks, they should prepare the down payment in advance according to the market price of the models.

The general bank's provisions on the amount of personal car loan products mainly include: personal credit or joint liability guarantee can guarantee a maximum loan of 200,000 yuan; Apply for mortgage with the purchased vehicle or real estate, and the loanable amount is 70%; If a third party applies for secured loans (except banks and insurance companies), the loanable amount is 60%.