Buying a car with an interest-free loan:
One is people with stable jobs and high incomes. They want to buy a car, but they can't afford to pay the full amount. These people are mainly young buyers under the age of 30. Because of their short working hours and limited savings, interest-free loans are very popular among these people.
The other category is some consumers who are good at financial management.
Extended data:
Automobile loan conditions:
There is no discount on car price, long operation process and relatively long time to pick up the car. More importantly, some so-called zero interest rates also require handling fees, which generally require car owners to pay 3% to 9% of the loan amount.
Precautions for car loan:
The so-called zero interest rate means that consumers only need to pay a certain down payment when buying a car, and the rest can be paid to the lender in installments without paying any interest.
Chen Hongsheng, the public relations minister of Dongfeng Citroen, said that car loans with zero interest rate and zero down payment are equivalent to disguised car promotion. Different from the situation abroad, the domestic' zero interest rate' cannot be regarded as a real interest-free loan. Whether users can get actual price concessions still needs to be measured by users themselves. "
Take the "zero interest rate" car loan method selected by users, the car loan should be carried out on the basis of the full price of the original factory guide price of the vehicle. For example, if you buy a car with an official guide price of about 6,543,800 yuan, the market quotation may be as low as 85,000 yuan, but the user must apply for a "zero interest rate" loan car purchase business at a price of 6,543,800 yuan.
There are two conditions for applying for an interest-free loan to buy a car:
1, vehicle type restriction. Usually, interest-free car loan is a preferential scheme proposed by dealers for specific models, which is not applicable to all models.
2. The monthly repayment amount is large. Some models require consumers to pay less than 5,000 yuan per month, and the pressure is relatively large.
Since the interest-free loan is used to buy a car, the car belongs to the bank before the loan is paid off. Therefore, in order to reduce risks, banks generally require car owners to buy some auto insurance as a condition for loans in car loan contracts.
The premium of these insurances may not fully meet the requirements of car owners, and may even be too high. Therefore, you must read the relevant insurance clauses carefully when applying for a car loan, and you can't ignore this fee.
Reference: interest-free loan to buy a car-Baidu Encyclopedia