How Installments Work: A 30%-down Payment Example
Using a 120,000 CNY quasi-new Japanese car as an example, we break down down payment, term and monthly payment.
Assuming a car price of 120,000 CNY with 30% down: the down payment is about 36,000 CNY, and the loan is 84,000 CNY. Over 36 months at 6% APR, the monthly payment is about 2,555 CNY; over 24 months, about 3,723 CNY. Actual rates and terms vary by individual circumstances and market policy. EZCARS supports multi-currency purchase and flexible installments, and overseas buyers can apply online, often with a result the same day.