Free of mortgage and guarantee, the biggest advantage of credit card installment payment is its simplicity and convenience. If consumers can use it reasonably, it is not bad to support their unattainable consumption dreams with limited funds. However, zero interest rate does not necessarily mean no charge, so consumers should use it with caution. Consumers must weigh whether it is cost-effective to pay extra fees and interest, and repay on time, otherwise it may be a loss-making business or even a credit crisis.
Although installment payment is interest-free, it is not the same as free, and consumers need to pay a certain percentage of handling fees. At present, the one-year loan interest rate is 6%. According to the installment fee rate of 0.6%~0.7% in most banks, the converted annual interest rate is generally around 8%, which exceeds the loan interest rate.
"Zero interest rate" car purchase is just one of the marketing strategies of 4S stores. Cars are mainly purchased by stages, and many fees such as handling fees, management fees and renewal deposits have to be paid. From this calculation, the wool is on the sheep, and the owner does not get much benefit. Therefore, in the process of buying cars by stages, consumers should pay more attention to avoid unnecessary troubles.
In short, it is best to ask this question clearly when buying a car.