Extended data
When buying a car with a loan, you should be vigilant and don't fall into the trap designed by dealers and loan intermediaries.
When you see advertising slogans such as "zero down payment", "zero interest rate" and "1 yuan loan to buy a car" in the automobile market, don't be too happy for the time being. These car loan concessions of "zero down payment", "zero interest rate" and "1 yuan loan to buy a car" will attract the attention of many consumers at first sight. These preferential policies look very attractive. In fact, most of the concessions are made on the basis of raising car prices and increasing agency fees. What's more, they are inevitably fraudulent.
References:
Baidu Encyclopedia: Down payment for loan car purchase