“There is a concept in foreign countries. The more money you borrow from a bank, the higher the financial freedom of a person. It also means that the person has more ability.” Liu Feng, Chairman of the International Financial Planning Standards Committee (China) Do not borrow money to buy a car like this to the Money Weekly reporter.

The reporter learned that since 2004, the central bank has raised interest rates 17 times, 0.18%, 0.25%, and 0.27%. These are less than 1%, or even less than 0.5%. What does this represent? What will increase the economic burden on consumers each time they increase or decrease? Can loans really link financial freedom?

Banks: Decrease in loans for car purchases On February 9, the People's Bank of China raised the benchmark deposit and lending rates for financial institutions. The one-year benchmark deposit and lending rates of financial institutions were raised by 0.25 percentage points. After adjustment, the interest rate for one-year loans reached 6.06%, and the benchmark interest rates for other grade deposits and loans were adjusted to: 5.60% for six months (inclusive) and one to three years ( Including) 6.10%, three to five years (inclusive) 6.45%, more than five years 6.60%.

After the central bank raised interest rates, the interest rates of many bank loans in Shanghai were adjusted upwards. The reporter consulted banks such as ICBC, CCB, Bank of Communications, China Merchants Bank, CITIC, and Everbright, and their one-year car loans were all subject to floating interest rates. ICBC customer service personnel stated that: "Interest rates fluctuate according to the situation. Please consult the bank counter for details on the specific floating standards."

The car loan has a floating interest rate. Xiangzhou, the credit department of the retail banking department of China CITIC Bank, told reporters in an example: “The car loan interest rate is generally quite high. They asked a customer the previous year. At that time, it was 7 o'clock. The interest rate was high. Car loans are not particularly popular in China."

Xiangzhou also provided some tips for reference: “If you choose a loan, the equal principal will be less than the total principal interest and the total interest. However, if the equal amount of principal is at the beginning, the repayment pressure will be relatively large. The monthly amount will be more, and it will be the monthly interest decrease. The latter part is slightly easier. The whole point of view is that there is less interest on the equal principal amount."

Li Jun, the Credit Department of the Agricultural Bank of Pudong Branch, said: “I know that some banks have stopped car loans. The banks now have fewer people borrowing money from cars and cars. General car dealers have cooperative banks and financial institutions like Volkswagen and Ford. Financial companies can use their loans. There are not many people on the side of the bank and they don't focus on them."

According to financial reporters from the market, it was discovered that as banks raised interest rates, car loan interest rates of auto finance companies also increased. Ford Financial issued a notice on February 10, car loan interest rate increased 0.25% on the basis of the previous, after adjustment, apply for a loan of 100,000, three-year interest increased by about 1,200 yuan; General Finance on January 15 also increased to 10.99%, than Some commercial banks are higher.

More than four hundred in a year, "expected money"

Yu Xiaopei, who had borrowed money to purchase a car in early December last year, did not take any hesitate to raise interest rates: “When it comes to lending, it is expected to raise interest rates, adding more than 400 yuan a year, compared to borrowing 300,000. It is not surprising.”

Since the loan has been psychologically prepared for the rate hike, Yu Xiaopei thinks that what interest cannot be saved is better than using other places, such as car prices and insurance. “My experience is to go to the 4S shop to look at the car first. After paying for the car, I will pay the deposit, sign a car contract with them, and then go to a bank loan. This is the way of experience. Let's look at the car order and you can bargain with the 4S shop. If you let the 4S shop help you with the loan, you can't just be generous with the discount, at least I was a discount of a few thousand."

After that, Yu Xiaopei went to the bank with a car purchase contract to apply for a loan. “Some banks have to mortgage the property, if they have a driver's license, they have a fixed income proof, and some want a Shanghai license; some can loan 70%, some 80%, anyway, you can borrow. The family should consult the conditions on their own. Then they can bring homebooks, ID cards, income proofs, passbooks, etc., and apply."

A week after the bank's preliminary examination, the Bank issued a consent loan guarantee to the 4S shop. Xiaopei paid the first period, purchase tax, and strong insurance, followed the bank and the 4S shop to the vehicle management office, and bought a commercial insurance. "At the end, a copy of the driving permit, tax payment certificate, insurance policy, etc., will be given to the bank, so that the bank can make loans and leave the car."

"To deal with 10,000 or so, borrow 300,000, I think it is still very cost-effective, even if you raise interest rates by a few percentage points, do not pay too much hundreds of thousands of pieces, not the bulk."

Distributors made efforts to provide discounts to a salesperson at a 4S store in Wuzhong Road, Shanghai, and told reporters: “Each time the interest rate is adjusted, the number of customers who loan for cars will be less, and it will be good after a while. Now, customers feel that interest has increased. It is better to pay off in one lump sum and accept it for a while. Car loans still have a market.” Many consumers have expressed that they are waiting for a while at this stage and are looking forward to a drop in car prices.

Yongda, a 4S dealer, said that using a credit card to pay for a car in installments is also an affordable way to save money. "4S shop supports credit card installment car purchase, generally speaking, the one-year fee is 3%-5%, and there are market promotions." But credit card installment car, car models are limited, the fee is also determined according to models , hot car higher.

Relative to the attitude of consumers looking on the sidelines, the dealers have all exerted their efforts and market concessions have continued. The reporter learned that in addition to sending navigation insurance, delivery card decoration, sending Shanghai licenses, or direct sales of tens of thousands, the current preferential activities are There are also special offers such as "zero-month supply", "zero interest rate", or free of miscellaneous fees and handling fees.

Interest-free loans sound very tempting, but in fact, many details affect the cost of buying a car. Many auto finance companies don't interest rates but can't avoid handling fees. The fee is generally between 3% and 7% of the total amount of the vehicle. It is paid in a lump sum on the first monthly payment, which also brings about to the car dealers. No small pressure.

In addition, the complexity of the procedures and the long cycle time often lead to contradictions. In general, the dealers are in tight supply. The dealers are the first to meet the full payment of the customers. Therefore, it may be necessary to wait for a longer period to mention the car, which is also one of the factors that need to be considered. .

Consumers who still wish to purchase cars through bank loans may also consider choosing a more flexible repayment service. The Bank of China "Car Loan" can enjoy interest-free repayment period, "Happy Express" can be repayment in advance, there are first and last paragraph payment methods, etc., can make car loans easier and more favorable.