Zero-interest car loan, as its name implies, is to set the interest rate part of the loan to zero, and only need to repay the principal part of the bank. However, the interest rate is the profit point of these lending financial institutions.

The trap of zero interest rate car loan;

1. In order to get the maximum profit, some car dealers often force consumers to handle some extra "bundling" business after handling the car loan business.

2. After the loan procedure is completed, the dealer finds various excuses to press the car, asking consumers to pay a certain amount of cash in various names to pick up the car, and asking for exorbitant prices.

There are often various car dealers who attract the attention of car buyers under the banner of "zero interest rate" loans. However, there is an extra handling fee in the loan purchase price, which is calculated as a percentage of the purchase price. Of course, this part of the cost will not be written in the promotional advertisement.

At present, many dealers make excuses in car loans, taking advantage of the loopholes that consumers who buy cars don't understand the loan knowledge, killing consumers at will, and a lot of money they sell is unwarranted. This trap is worse than bundling.