In recent years, various advertisements for buying a car with zero down payment have been overwhelming and have reached the point of flooding. This has also attracted many consumers who are short of money but want to buy a car, but these people often end up Just get hit. So, what are the scams involved in buying a car with zero down payment?
Three traps: increase the price of the car, get a loan of 70, and loan out the price of your car. For example, if your car is 100,000, the maximum loan you can get is 70,000, but he raises the price of your car. You can borrow 100,000 to 140,000 (loan 70), and the insurance cost is high, so I don’t recommend you do this. With lease-to-purchase, the car does not belong to you. If you do not repay it on time, you will face interest increases or the car will be mortgaged. If you want to return the car, you will find that the interest cannot be refunded to you. And you also have to pay for car depreciation. If you have to pay it off in one lump sum, you will find yourself paying for a high-interest loan. It is illegal to take out multiple loans for one car. Although it is illegal, many car dealers still do it.
Three scams: defrauding personal information. Some car dealers will use your personal identity information to obtain loans from banks using your information to loan out the down payment to pay for your car purchase. Then go through the car purchase procedures on the basis of applying for a credit card, get the car and run. Unreasonable terms. Some unreasonable terms will be added to the contract, and the car dealer will not mention these terms to you. He will point them out to you only when you encounter problems and go to the car dealer. Compulsory consumption items. There are many bundled consumption items when buying a car with zero down payment, such as insurance must be purchased in the store, maintenance must be done in the store, and other unreasonable bundled consumption items.
Purchasing a car with zero down payment is a scam. The editor hereby advises everyone not to be deceived by seeking temporary benefits. If you really can’t come up with the money to buy a car at the moment, work hard and buy a private car with a low down payment. The model is more reliable. Of course, I don’t recommend that you buy a second-hand car with an installment loan, because there are more loan schemes for second-hand cars than for new cars.
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