For car buyers, to say that the risk is the buyer's and the seller's, look at the seller first. There are actually two sellers who borrow money to buy a car. The first one is a 4S shop. What are the risks here? Price increase? I'm afraid it's impossible, because the money from the loan to buy a car is directly transferred from the bank to the 4S shop, even if the price increases, it won't affect you. Even if the 4S shop goes bankrupt, you will change the loan to the bank, so the 4S shop loan will not bring you any risk after buying a car.
Then the bank. What will the bank do? Adjust interest rates? Give you a free fare increase? This is also impossible. The interest rate, handling fee and loan amount are all agreed in advance, and the money is directly lent to the 4S shop to buy a car. There is no risk in this respect. The only risk is that you can't repay the loan and let the bank confiscate the car. It is not so much risk as pressure from banks.
Then the seller has no risk, will the buyer have risk? Yes! There will be. Because the loan period is generally three years, and the bank's money will be repaid every month within three years, you should ensure that you have the ability to repay the loan, make good plans, and don't be unable to repay the loan. This is your biggest risk.
So generally speaking, there is no so-called risk in buying a car with a loan. Everyone follows the contract, and the bank gives you money to buy a car. It is natural for you to return the money to the bank. Just say that it is cost-effective to buy a car with a loan. This depends on your own choice. Sometimes the budget for buying a car is not enough. It's ok to borrow some money to buy your favorite car, but you must make a self-risk assessment and make a repayment budget to see if you have the ability to pay back the money. That's all that matters.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.