The first car is paid in full, and the second is an installment loan. Let's first look at the interest difference between the two loans. At the same interest rate, it is more cost-effective to buy a car directly with the first loan. Because the second installment loan to buy a car requires a financial fee and other miscellaneous expenses.

Second, is it cost-effective to buy a car with a loan or to buy a car in full?

"buy a car in full" and "the secret of buying a loan!

Third, is it cost-effective to buy a car with a loan or to buy a car in full?

It is more cost-effective to buy a car in full, which is understandable.

At present, the bank and financial interest of normal car loan is about 10%, which is very high. If you really lack funds and want to buy a car, you can only borrow money to buy it.

Loan to buy a car:

Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. Loan to buy a car refers to the loan issued by the lender to the borrower who applies for buying a car. In fact, it is to borrow money from financial institutions to buy a car. However, financial institutions require car buyers to pay a certain percentage of down payment and provide proof of repayment ability. They have no bad credit record and must meet the requirements of financial institutions before they can apply for a loan to buy a car.

Four, the current market is a loan to buy a car or a full car cost-effective.

If the budget is sufficient, it is recommended to buy a car in full by stages, which not only has bank interest, but also 4s stores will charge a certain handling fee.