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Can I apply for a credit card installment payment for a used car?

Time: 2014-11-24         Source: Rong 360 original         Author: Yu Yu

It is now a trend to buy a car with credit card installments, but generally this type of business is only for new cars. It is difficult to find a bank that accepts loans when buying used cars. If you apply for loans through second-hand car intermediary and auto finance, the cost will be much higher. Can I apply for a credit card installment when I buy a used car?



It is reported that in some developed areas where used car trading, Bank of China, Industrial and Commercial Bank of China, Construction Bank and other banking institutions have started second-hand car loan business, but banks generally choose to cooperate with third-party guarantee companies or insurance companies to set the application threshold for used car credit. It is also much more demanding than the new car. For example, ICBC Xiamen Branch and China Life Insurance City, Xiamen Branch, launched the “ICBC Car Purchase” second-hand car guarantee insurance credit card purchase car phased business. Customers can choose 12 periods, 24 periods, 36 periods, 3 types of instalment periods, one-time payment of handling fees or monthly payment of two types of payment methods. At present, the one-time payment rate for the 12-phase period is 4.2%, and the monthly payment is 4.8%. For example, the 10,000-yuan installment is used. If you choose to pay the monthly fee, the handling fee is only 40 yuan/month.

Therefore, Rong 360 Xiaobian reminds you that when buying a used car, don't just consider using a second-hand car intermediary or a car finance company to handle the loan. You can check whether the local branch has related business for the used car credit card installment, and you can leave a lot of money. It!
 

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