We all know that the minimum down payment for car loans is 30%, and it is basically impossible to lower this down payment. But in the last two years, there has been a way to buy a car with zero down payment, and you can drive a new car with less money! However, this way of buying a car will not only charge a high handling fee, but also the interest cost brought by the loan will be high, which will even make you unbearable.

Under normal circumstances, the monthly interest rate for buying a car with a zero down payment loan is 0.53%, and the optional period is 24- 60 months. Interest is charged on a monthly basis, and the interest for loans with 24, 36 or 60 installments is 0.53%. Similarly, the handling fee converted into three years is 19.08%.

The difference between buying a car with a normal loan and a full loan is the handling fee and loan interest. However, some models with zero down payment often require the owner to buy insurance for several years at one time, and the insurance cost is very high, so theft and emergency rescue must also be bought. So we have to be clear that buying a car with zero down payment is really not that simple.