Loan and full payment have their own advantages and disadvantages. For those of us who are not rich, it is a good choice to buy a car with a loan. Here, we will compare loans with full payment. Pay attention to these points when buying a car with a loan. The following summary is too dry, saving you a lot of money and energy!
1. Purchase amount
If it is a loan to buy a car, then the total cost is greater than the full amount. Because banks and enterprises always earn some interest!
However, the interest rate given by each merchant is different, so when you borrow the same car and the interest rate is different, don't be surprised, just consult clearly. Some models with interest rate of "0" may be subsidized by manufacturers!
So, what about the part of our loan?
One thing to understand here: the loan is part of the car price, so don't worry, you must bargain hard!
I'll teach you a trick. Talk about the price, not the loan. After the price is fixed, we must talk about the loan!
Because of loans, 4S stores can make more profits, so you can ask employees if there are any discounts on loans first. In addition, regarding the loan, you can pay a little more interest than before to get the installment payment.
2. Insurance issues
If you buy a car with a loan, in addition to the basic insurance, there will be several types of insurance, such as self-ignition insurance, burglary and so on.
But don't feel lost, just buy more protection for your car. In addition, if it is a bank loan, some banks may not need to buy it.
3. Go and drive.
If you get a loan, the process of picking up the car will be different.
First of all, you will be asked to pay down payment, invoice and insurance. After the loan institution approves it, make sure that the money you borrowed is used to buy a car, and then you can borrow money to pick up the car. As for how long it takes, it depends on the efficiency between 4S stores and institutions.
So be sure to check whether the car is in good condition before picking it up, and then go through all the formalities to solve the problem in time. In addition, please make sure that the parking position of the car in the 4S shop is safe to avoid any bad situation of the car during this period.
4. Certificate issuance
After the license plate is lifted, if it is a financial loan, you need to mortgage the vehicle registration certificate. So be sure to consult the car in advance: where to return it after paying off the loan.
Otherwise, without this certificate, the procedures such as vehicle transfer will be troublesome in the future. Of course, if the bank lends money, you don't have to worry about this problem.
5. Is the full amount the same as the car obtained by the loan?
Actually, don't worry about this. Just like buying a house with a loan, you can look at the goods before paying. Car or that car. If you are not satisfied, you can change it. If there is any quality problem, it can be solved through "three guarantees".
Summary: Buying a car with a loan can alleviate the economic pressure, but there will be more miscellaneous expenses such as interest and insurance.
In addition, if you want a loan, it is best to find a bank loan, but it will be more troublesome and the qualification requirements are stricter, but the key is to be practical!
Million car purchase subsidy