How much is the interest rate for a second-hand car loan of 50,000 per year?

How much is the interest for a 50,000 car loan
50,000/36=1,388.88 yuan per month
50,000/36= per month 1388.88, a total of three years of repayment, plus the current car loan interest rate is 12.5%, that is, 6250 will be paid for three years, 173.6 per month. If the interest is paid in monthly installments, the total monthly repayment with principal and interest will be 1388.88+ 173.6=1562.5 yuan. If the bank requires additional handling fees, there will be additional handling fees, but they are generally not required.
The calculation based on the interest rate of 6% is as follows: Total loan amount 50,000.00 yuan, number of repayment months, 36 months, monthly repayment 1,521.10 yuan, total interest paid 4,759.49 yuan, total principal and interest 54,759.49 yuan, but the specific interest rate must be Negotiate with the loan company, as well as handling fees and guarantee fees.
1. Equal principal and interest method, three years: monthly payment is 1,521.10 yuan, the first month’s principal is 1,271.10 yuan, and the interest is 250 yuan. The last principal is 1,513.53 yuan, and the interest is 7.57 yuan. The total principal repayment in three years is The deposit is 50,000 yuan and the interest is 4,759.49 yuan. Five years: The monthly payment is 966.64 yuan, the first month's principal is 716.64 yuan, and the interest is 250 yuan. The last principal is 961.83 yuan, and the interest is 4.81 yuan. The total principal repayment in three years is 50,000 yuan, and the interest is 7998.43 yuan.
2. Equal principal payment method, three years: the monthly principal is 1,388.89 yuan, the first month’s interest is 250 yuan, and the last period’s interest is 6.94 yuan. The total principal repayment in three years is 50,000 yuan, and the interest is 4,625 yuan. Five years: The monthly principal is 833.33 yuan, the first month’s interest is 250 yuan, and the last period’s interest is 4.17 yuan. The total principal repayment in three years is 50,000 yuan, and the interest is 7,625 yuan.
3. The cost of repaying the principal in equal amounts is lower.
Example: Now let’s take a Jetta VS5 as an example. Buying a car with a loan requires not only a down payment, but also purchase tax, insurance pre miums, handling fees and registration fees. If the down payment ratio is 20% and the repayment period is 3 years, then the calculation shows that the car owner needs to pay a down payment of 22,560 yuan, a purchase tax of 10,986.72 yuan, a handling fee of 10,828.8 yuan, and a license fee of 1,000 yuan. It is most economical to buy insurance at a 4S store. A cost-effective combination, that is, compulsory traffic insurance, car damage insurance, and three insurances, costs 6,000 yuan based on 1 million yuan. Calculated in this way, a Jetta VS5 with a naked price of 112,800 yuan and a loan of 90,240 yuan. If the repayment term is 3 years, the monthly payment is 2,506.67 yuan and the interest is 10,828.8 yuan.
How much is the monthly payment for a 50,000 car mortgage loan?
2,270.83 yuan. The 4S store car mortgage loan of RMB 50,000 has a term of 2 years and an annual interest rate of 4.5%. Total interest = principal × annual interest rate × term, interest = 50,000 × 4.5% × 2 = 4,500 yuan. Monthly payment = (principal + interest) ÷ number of months, monthly payment = (50000 + 4500) ÷ 4 = 2270.83 yuan. That is, the monthly repayment is 2270.83 yuan.

What is the interest on a second-hand car loan?
The calculation formula for second-hand car loan interest is: monthly payment × loan term – loan amount.
The loan interest rates of each bank fluctuate according to the central bank's benchmark interest rate. The central bank's loan benchmark interest rates are as follows:
The annual interest rate for loans within 1 year is 4.35%; the annual interest rate for loans between 1 and 5 years is 4.75%; the annual interest rate for loans with a loan period of more than 5 years is 4.9%.
The interest rates provided by different used car installment processing platforms are slightly different, generally around 15%.
Second-hand car loans, also known as second-hand car mortgage loans, refer to a type of loan issued by commercial banks to individual borrowers to purchase second-hand consumer cars for their own use, with the purchased vehicle as collateral for the loan.
At pre sent, the development potential of second-hand cars in our country is very large. Many people are in great need of second-hand cars due to limited financial capacity, or only for driving practice or transitional use. Since 2008, China's auto market has entered the fast lane of development. In just five years, China's auto market has transformed from a major auto consumer to the world's number one in auto production and sales. According to the time period when a car will be replaced after five years of use, the Chinese auto market will gradually enter a car replacement wave in the next few years.
The used car market will also transform from building consumer confidence to serving consumers. For example, a second-hand car trading market in Zhongshan teamed up with six banks to officially launch the installment payment business for second-hand car consumption to the public. This means that citizens can purchase second-hand cars through car loans. The second-hand car loan business has finally broken through.