What are the requirements for the second year insurance of loan vehicles? Generally, 4s stores with loan vehicles are required to purchase insurance in the store. If the loan is for two years, the insurance for these two years needs to be purchased in the store. If the loan is for three years, the three-year insurance needs to be purchased in the store. The price of cars is becoming more and more transparent. In fact, 4s stores can't make much money by selling a car completely. Most 4s stores will require customers to install thousands of dollars of decorations when selling cars at full capacity. If the customer wants to borrow money to buy a car, there will be a certain discount on the price. However, there are some additional conditions for the loan to buy a car, such as buying insurance in the store, so that the profit of the 4s shop can be a little more. When buying a car with a loan, 4s stores usually charge customers the deposit, gps fee, production cost and other expenses. This deposit is related to insurance. If the customer does not buy commercial insurance in the store during the loan period, the deposit will not be refunded, so friends who borrow money to buy a car should pay attention. Many consumers will choose to borrow money to buy a car, so they only need to pay a part of the down payment to drive the car home, and the rest can be paid back slowly. Buying a car with a loan is more suitable for people with stable jobs and income. When a friend borrows money to buy a car, he must know the additional conditions of the 4s shop and the fees to be charged.
How to calculate the second year insurance for the mortgaged new car?
But in the second year, you can choose the right car insurance according to the owner's own situation.
To be honest, if you buy a car through a mortgage, then the car belongs to the bank and you must ask for full insurance in the first year. However, in the second year, you can choose the appropriate car insurance according to the owner's own situation, that is, the calculation method of the second year insurance of the mortgaged car is the same as that of the full car purchase.
The second year insurance for new car mortgage is compulsory insurance by law, and other types of insurance are commercial insurance and voluntary insurance. No one is allowed to force you to take insurance. Therefore, in addition to compulsory insurance, you have the right to choose the type and content of insurance according to your own wishes.
Generally speaking, four kinds of car insurance are necessary:
1. compulsory traffic insurance: the full name of compulsory traffic insurance is "compulsory liability insurance for motor vehicle traffic accidents", which is a kind of compulsory liability insurance that the insurance company compensates the victims (excluding the people on board and the insured) for personal injuries and property losses caused by road traffic accidents.
According to the compulsory insurance regulations, the owners or managers of motor vehicles driving on the roads in People's Republic of China (PRC) (China) should purchase compulsory insurance. If the owner or manager of a motor vehicle fails to take out compulsory insurance as required, the traffic administrative department of the public security organ has the right to detain the motor vehicle, notify it to take out insurance as required, and impose a fine of twice the insurance premium payable.
2. Vehicle loss insurance: Vehicle loss insurance is responsible for compensating the losses caused by natural disasters and accidents. This is the most important type of car insurance. We must rely on it to reduce losses, from ordinary scraping accidents to car accidents. For a new car bought by a novice, it is best to buy this kind of insurance when the driver's driving skills or habits can't provide a high guarantee for vehicle safety.
3. Third-party liability insurance: Because the compensation amount of compulsory insurance is relatively low, the low compensation provided by compulsory insurance is far from enough to deal with major accidents. The three liability insurance can provide compensation beyond the amount of compulsory insurance. The general coverage is between 200,000 and 500,000.
4. Excluding deductible insurance: If the owner has insured this insurance, he can transfer the 5% to 20% deductible calculated according to the deductible rate stipulated by the corresponding insurance type, which should be borne by the insured himself, to the insurance company for compensation.
Can I buy insurance for my car in the second year?
In the second year, you can buy your own insurance, but in one case, 4S stores will set some terms for loans to buy a car, whether it is bank loans or other institutional loans. For example, if you pay the deposit, it will be deducted from the insurance in the second year, but it can't be refunded to you in cash, so you can only refund the deposit through some designated insurance companies when you buy insurance in the second year.
In fact, it doesn't matter where to buy insurance in the first year, because there is no discount. So it depends on how you negotiate with the 4S store and whether there are any other additional guarantees. If not, you can choose your own insurance company to buy vehicle insurance from the second year.
Extended data:
In fact, the zero interest and zero handling fee I often see can be said to be a promotion method. Under normal circumstances, consumers have the freedom to buy auto insurance, and they are not bound by 4S stores. However, if you buy a car with a loan, you must buy "all risks". Whether it is necessary to buy insurance in the store depends on the contract. If the contract signed when you buy a car with a loan does not clearly stipulate that the insurance will be renewed in the designated guarantee company, you can't buy commercial insurance in the 4S shop.
Now many 4S stores will pay a deposit, and then write down in the contract that the insurance premium can only be refunded or mortgaged when it is purchased in their own stores or designated insurance companies in the next year. Therefore, it has become a hidden rule that almost all consumers who borrow money to buy a car must be insured in a designated insurance company!