If the car loan is written about rent, it is actually a way of "purchasing by rent and paying by installment". The advantage is low down payment, such as "10% down payment" and "0 down payment" often mentioned in advertisements. The downside is that many consumers are misled into thinking that they are buying a car with a loan, but they are actually "financial leasing", and may not even get the ownership of the car back in the end. Therefore, users must find out the ownership when applying for such loan products.

Matters needing attention in buying a car with a loan

1, interest-free car loan ≠ no handling fee

Nowadays, in order to attract consumers to buy their own cars, many dealers will offer interest-free car loans, but this is not the case, because although they give you interest-free on the surface, they actually charge a handling fee, which is actually similar to interest, not really interest-free as they say.

You need to buy car insurance.

Under the premise that the loan for buying a car has not been fully paid off, the acquaintances of the car do not belong to consumers. In order to reduce the risk, dealers usually put forward some car insurance that must be purchased as loan conditions in the car loan contract.

When buying a car with a loan, as a condition and requirement of buying a car with a loan, the dealer will ask consumers to buy four main insurances in our store. For example, for a 200,000 car, the insurance premium is about 1000 yuan, so when buying a car, you must read the insurance clauses carefully to avoid falling into the trap.

3. Negotiate the termination agreement before handling the mortgage.

When consumers borrow money to buy a car, they will encounter the situation that the funds are slower than before because the audit fails. When signing a contract, they must pay attention to the information such as the way, date and amount of refund, which are generally indicated in the signed agreement. At this time, consumers should read it carefully.

4. Confirm the repayment time and amount.

There are two ways to buy a car by loan: equal principal and interest and average capital. After you confirm which method, you need to determine the repayment time and minimum repayment amount. It may increase the repayment cost because of unsuccessful deduction, so to avoid this result, we must confirm the repayment time.

5, the low monthly supply seems to be cost-effective, so pay more attention.

We often hear and see such advertisements: "Just pay back 18 yuan one day" and "Pay back 2,000 yuan a month, and XX will drive home". But don't be deceived by this surface. It seems that you are taking advantage of yourself, but in fact you spend more money. As long as you carefully calculate the interest rate of the loan, these advertisements are all traps. Don't be fooled by others.

In order to lead a better life early, more and more consumers choose to buy a car by loan, but we must pay attention to the trap under our feet when buying a car by loan, and don't be taken in by others carelessly.