Installment payment is becoming more and more common now. Many people choose car loan, which is convenient and feasible due to low pressure. How much is the down payment for car loan? Friends who want to know about car loans come and have a look.
How much is the down payment for the car
At least 20% of the new car installment is required. The people's Bank of China stipulates that the down payment proportion of personal car loans and auto loans shall not be less than 20%. Due to the impact of the credit crunch within the year, some banks in Shanghai have increased the down payment proportion of personal car loans from 20% to 30% - 40%. If you want to buy a BMW of 100W, you should pay 20% - 50% of the down payment for the car according to the installment payment, and the general bank requires 40% - 50%. Some car companies find some financing companies, and you can achieve 20%, or even lower. That is to say, you need to pay 20-50w, or even less for the down payment of this car.
For those who plan to apply for bank personal auto loan, they should prepare for the down payment in advance according to the market price of the car type they have purchased. Do not cause temporary panic without knowing it. The general bank's provisions on the amount of application for personal auto loan products mainly include: the maximum amount of loan can be 200000 yuan with personal credit or joint liability guarantee guarantee guarantee; 70% of loan can be applied with the purchased vehicle or real estate mortgage; 60% of loan can be applied with the third party guarantee loan application (except for banks and insurance companies).