Will the insurance be reduced after the car loan is repaid?
No. The cost of car insurance has nothing to do with the loan and everything to do with the use and value of the car. The price of compulsory traffic insurance, which is compulsory in the country, is fixed in the first year. Generally, for a private car with less than 6 seats, it costs 950 yuan to buy compulsory traffic insurance in the first year. However, when you purchase compulsory traffic insurance in the second year, some Some people pay more, and some people pay less. This is because the insurance premiums in the second year of compulsory traffic insurance are directly linked to the responsible road traffic accidents in the first year.
Commercial auto insurance mainly includes: auto damage insurance, which is auto insurance that is responsible for repairing the vehicle if it is damaged in an accident. It is an insurance determined by the value of the motor vehicle. The insured amount is the value of the motor vehicle. The higher the value, the premium The higher. This item usually costs about a thousand yuan.
Why is buying a car with a loan more preferential than buying a car with full payment?
Because the loan purchase seller can charge a loan processing fee. For the seller, both the loan and the full payment are collected in full, and there is a loan handling fee, so buying a car with a loan is more preferential than buying a car with the full payment. Car consumption loans are a new loan method that banks issue RMB-guaranteed loans to car buyers who purchase cars at their authorized dealers.
Although cars are very affordable now, for some ordinary working-class families, buying a car is still stressful. Therefore, some people choose to take out a loan when buying a car, which will reduce the pressure a lot. In fact, when we go to a 4S store to buy a car, the staff at the 4S store will also recommend us to buy a car with a loan, saying that the loan is more favorable. So, why is it better to buy a car with a loan than to pay for it outright? What's the problem?
You can get more commissions by taking out a loan to buy a car than by buying a car. Although people who take out a loan to buy a car get better deals than thousands of people, when the profit of the vehicle is calculated in the end, you may make a lot of money by taking out a loan to buy a car. , if the total cost of buying a car is more than the whole car, the commission for the car and bicycle may be 200 yuan or 300 yuan, so if you buy a car with a loan, the commission can increase to 800 to 1,000 yuan.
In order to promote car loans, they usually lower the loan price of the car, and the price of a fully paid car is usually higher than the loan price, so the question is, who would choose a fully paid car with such good things? A car? And there’s no point in breaking things down. If you are buying a car with a loan, you should know that when you buy a car with a loan, you will have more money than all the above, and more money to buy car insurance. The 4S store will require you to take the loan within this period, and the insurance should be in the 4S store. Purchase, the purpose is to get insurance rebates, and when buying a car with another loan, many of them have interest. In fact, when 4S cooperates with a third-party guarantee company, the third-party guarantee company will return part of the profit to the 4S store, so the 4S store There will be more ways to earn profit from your car loan. This is why 4S stores are willing to provide discounts of several thousand yuan for this type of car and also let you borrow money to buy the car.
The problem is that a cheap loan to buy a car is the price of a naked car. If you want to choose a loan, then good brother, your insurance, loan and other fine decoration will appear, these are mandatory, Or it will tempt you to follow their way, and the 4S store will profit from this. What we are familiar with is the case of a female Mercedes-Benz car owner that occurred in recent days and attracted the attention of hundreds of millions of people on the Internet. This case exposes this hidden rule of the automobile industry to the public. Even if you choose to buy a complete car, the car owner will face a problem, that is, in the first year of purchasing insurance from the merchant, if you choose not to purchase it, the merchant will charge you an unexplained service fee of one thousand to several thousand. , the car owner does not want to spend this money, so you must buy insurance in this store.
How much does it usually cost to buy a car with a loan
When buying a car, insurance is related to the price of the new car, the type of insurance purchased, and the insurance discount. Generally speaking, the more expensive the car, the higher the insurance. First of all, compulsory insurance and vehicle and vessel use tax are mandatory. Both are generally around 1,200. Here, take an ordinary car as an example. The second is commercial insurance. Here are only five major types of insurance: third-party liability insurance, vehicle damage insurance, home invasion insurance, vehicle occupant liability insurance, and no-deductible insurance. Among them, car damage insurance is related to the price of the car. The higher the car price, the higher the car damage insurance. Third-party liability insurance is related to the amount insured. The higher the sum insured, the higher the price of third-party liability insurance. Generally speaking, car damage insurance covers your own car, while third-party liability insurance covers other people’s cars. They are both very important insurance and also the most expensive. No-loss insurance is priced relative to other commercial insurance policies. Finally, there are discounts on insurance.
There is no discount for compulsory traffic insurance in the first year, and commercial insurance on the market generally offers a 25% discount in the first year.
Hello, I am buying a car with a loan, and I have been insured once before. Can I get a discount when buying insurance in the second year?
1. If I buy a car with a loan, I can buy insurance normally in the second year. Well, in addition to the compulsory traffic insurance that must be purchased, you can also purchase some basic insurances such as third party liability insurance, theft insurance, scratch insurance, vehicle damage insurance, vehicle occupants insurance, and non-deductible insurance. Find out what kind of insurance you need. You don’t have to buy unnecessary auto insurance.
2. In fact, after the first year of insurance for a new car expires, you can compare the actual accident situation with the insurance settings of the policy. At this time, the result of the first year of insurance is not just one. "Regrettably" has been converted into the basis for new car insurance in the second year. At this time, the insurance selection is more targeted and instructive than in the first year.
3. It is understood that if an insurance company is designated when buying a car with a loan and it is agreed not to be changed, then the insurance company cannot be changed during the contract period. There is no agreement with the insurance company. If you are not satisfied with the current car insurance company, you can change it in the second year.
Extended reading: How to buy insurance, which one is better, and step-by-step instructions to avoid these "pitfalls" of insurance