In today's society, almost every household has its own car, but there are always some people who can't afford it. Merchants pay attention to this and use the so-called "zero down payment". Zero down payment ≠ zero down payment, just There is no need for car buyers to come up with so much at once. While the total expenditure will not be reduced, car dealers will also charge higher handling fees. The "zero interest rate" is generally interest-free for a period of time. Interest must also be paid. Let’s give you a detailed analysis of what are the risks of buying a car with a zero down payment loan?

Zero down payment car loan risk reminder:

1. Raise interest rates. Many merchants offer zero down payment. At the same time as zero down payment, merchants are likely to raise the interest rate. The normal purchase process To buy a car, you generally need to pay at least 20% to 30% of the down payment. Calculated in this way, the total cost of buying a car has increased. Moreover, after choosing a zero-down payment loan, the repayment pressure is very high. The monthly payment may be too much for ordinary office workers. Unbearable.

2. Increase handling fees. Many businesses will reduce risks by increasing handling fees. Generally, the interest rate for buying a car with zero down payment will be 1-2 times higher than the normal interest rate for buying a car. Therefore, you must do the calculation before buying a car. Lower the total expense interest, and don't let yourself suffer a dumb loss, thinking that you are making a bargain.

3. Raising the car price is actually a very common way. Generally, the total car price of a zero-down payment loan is much higher than that of a normal loan. In fact, this is quite uneconomical. Generally, The price of naked cars is quite transparent. As long as you know more about it before buying a car and have an idea, you will not fall into the trap set by the merchants.

4. Or get the deposit back? Generally speaking, when you choose to buy a car with zero down payment, the merchant will ask you to pay a deposit, usually several thousand yuan, but many merchants will help you complete the loan. In the end, they will find various excuses not to return your deposit. Therefore, in general, it is not cost-effective to buy a car with a zero down payment loan.