Without 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. But zero interest rate does not necessarily mean no charge, and consumers should use it with caution. Consumers must weigh whether the extra fees and interest they need to pay are cost-effective and repay on time, otherwise they may lose money in business or even fall into 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%, and the converted annual interest rate is generally around 8%, which exceeds the loan interest rate and is based on the installment fee rate of 0.6%~0.7% in most banks.
"Zero interest rate" car purchase is just one of the marketing policies 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 better to ask this question clearly when buying a car.