In recent years, more and more people buy cars. Many people are short of money when they dream of driving home. What shall we do? It is a general trend to buy a car with a loan. Many people want to borrow money to buy a car, or even zero down payment. So is it really reliable to buy a car with zero down payment? What's the catch? Let's take a look.

What's wrong with buying a car with a zero down payment loan?

In fact, criminals are really pretending to be auto financing companies under the guise of buying a car with zero down payment. Generally, bank loans only provide 70% loans, while the so-called auto finance company will pay you 30% down payment.

When you go to pick up the car, take it away on the grounds of installing GPS or going through formalities. During the period, the car was pushed off with the requirements of "unfinished procedures" and "GPS installation". When you received the short message of repayment from the bank, the "auto financing company" could not be contacted, and the building was empty, but your new car was sold.

How to prevent the scam of buying a car with zero down payment loan?

These scams often use the mentality of being in urgent need of funds to implement loan fraud, and there are extremely harsh conditions when signing contracts. In order to avoid this scam, we need to do the following two things:

1, don't be greedy and cheap. Generally, the zero down payment loan on the market will charge you in other ways, and the loan interest will be higher, which is actually not cost-effective.

When signing a contract, you must read the terms of the contract carefully. Before handling the "zero down payment", the company signed a harsh entrusted mortgage contract with the victim by means of shielding and deception, which led to his entry.

About "Is it reliable to buy a car with a zero down payment loan?" I'll introduce you here. I hope to arouse everyone's vigilance, don't trust the so-called financial institutions easily, and choose legal and formal channel loans.