What are the scams of car loan?
In recent years, with the increasingly hot financial market, more and more car owners have borrowed money to buy cars. Moreover, there are various preferential policies for car loans, such as zero down payment, zero interest rate and so on. However, buying a car with a loan is not as simple as you think. As the saying goes, "it is better to buy than to sell", but some seemingly good preferential policies are hidden and "deep pits". If you are not careful, you will be caught.
What pits are there in car loan?
1. Most down payment is a scam.
Deception is to use "zero down payment" as a gimmick to lure customers to take the bait, and then defraud them to finance with vehicle mortgage loans, while withholding the car purchase money. When you realize that you have been cheated, you will eventually find that your car is gone and you have a large bank loan on your back. In fact, the minimum down payment for new car loans is 20%, and new energy vehicles can be as low as 1.5%. The down payment for buying a car is not in line with the regulations at all.
2. Charge interest under various pretexts.
Behind the 0% interest rate, some manufacturers directly lend car buyers a discount in order to promote sales, which is no problem. But some people pass the interest on to other expenses. There are many ways to inherit, and there are several common means: the car price is high, and the discount range of the car is obviously smaller than that of other 4S stores; Fees, deposits, assessment fees, examination fees and other items add up to more than ordinary interest.
Do you want your deposit back?
What are the disadvantages of car loan?
With the rise of car loan in society, most people will apply for mortgage to buy a car. What are the disadvantages of car loan? Take the familiar bank loan as an example: the application threshold of the bank's automobile consumption loan is high and it is difficult to apply. To apply for a car loan from a personal bank, you need to provide a series of proof materials, and you also need a car dealer or a third party to guarantee and pledge.
However, bank car loans have many advantages, such as: consumers can choose in the air, no matter what brand or model they buy, they can apply for bank loans, and the repayment method of bank loans is flexible. At present, the bank car loan interest rate is the benchmark interest rate of the People's Bank of China, which is generally lower than the loan interest rate of auto financing companies and can enjoy the preferential treatment of auto dealers. To apply for a car loan, the following conditions must be met: (1) The car buyer must be a China citizen who has reached the age of 18 and has full civil capacity. (2) Car buyers must have a stable job, a stable economic income or assets that are easy to realize before they can repay the loan principal and interest on schedule. The realizable assets here generally refer to securities, gold and silver products, etc. (3) During the loan application period, the car buyer will deposit the down payment for car purchase lower than that stipulated by the bank into the bank savings counter account. (4) Providing banks with bank-approved guarantees. If the personal account of the car buyer is not local, it is necessary to provide joint and several liability guarantee, and the bank does not accept the mortgage set by the car buyer with the loan. (5) Car buyers are willing to accept other conditions deemed necessary by the bank. What are the pitfalls of car loans? What are the disadvantages of auto loan @20 19?