What we need to know when buying a car is that there are actually many channels to borrow money to buy a car. We can borrow money from the bank ourselves or apply directly to the 4S store. However, most people will choose to hand it over to a 4S shop, because many people think it will be easier to find a loan from a 4S shop. So, is it difficult to apply for a car loan? Is it true to buy a car with zero down payment and interest-free loan?

Is it difficult to apply for a car loan?

Compared with the lender applying for a car loan, it is easier to buy a car with a 4S shop loan. After all, there are many loan channels for 4S stores and more than one cooperative bank. In addition to banks, they also cooperate with some auto finance companies. They can choose a more suitable loan channel for the lender according to their current credit status, and in order to make the lender loan smoothly, they will also teach the lender how to prepare materials and improve the loan success rate.

However, it should be noted that 4S stores are not omnipotent, and the loan of 1.000% does not exist. Whether the loan can be approved in the end depends mainly on whether the lender's credit conditions can pass. The most important point is that the lender must have good credit and certain repayment ability.

Is it true to buy a car with zero down payment and interest-free loan?

In fact, at present, most cars with zero down payment loans on the market generally have a time limit, some are three months, some are half a year, and the down payment needs to be paid within the specified time. As long as the down payment is made within the specified time, interest is usually not charged for this part of the down payment, and interest is charged for other loans.

However, it is understood that there is another situation, because the borrower does not have to pay the down payment, so the risk of this fee is borne by the car dealer. In order to reduce the loan risk, car dealers will increase other expenses of the loan. This includes:

(1) Interest expense. Most loans carry interest. The interest cost of zero down payment loan is usually high, which should be decided according to the actual situation.

(2) management fees. This specific payment method is subject to the provisions of the lending institution. But there are usually.

(3) handling fee. In order to ensure that the expected annualized interest rate is not higher than the benchmark expected annualized interest rate of the central bank, lending institutions generally increase some handling fees. This fee is also related to the regulations of lending institutions. The higher the general loan amount, the higher the handling fee.

Is it difficult to apply for a car loan? Is it true to buy a car with zero down payment and interest-free loan? As for the difficulty in handling car loans and whether it is true to buy a car with zero down payment and interest-free loans, the above contents have been briefly introduced, hoping to help everyone.