It's possible.
Buying a car with zero down payment is a brand-new way to buy a car. It refers to the auto loans provided by banks, auto finance companies and other institutions for specific models without down payment within a certain activity period. It has the characteristics of high loan amount and no down payment.
Before the loan, an appraisal company recognized by the bank will evaluate the value of the car to be purchased, and finally determine the loan amount according to this evaluation value. Generally, banks need to see the down payment certificate before lending, but there are also some loan intermediaries who can help them apply for a loan without a down payment certificate.
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The process of buying a car with zero down payment is that the car consumer signs a two-year zero down payment agreement with the car company, and the car consumer only needs to pay the monthly payment as agreed. When the two-year period comes, the ownership of the car will be owned by the car consumer.
In addition, the car rental convenience specifically pointed out that in the two-year period, car consumers only have the right to use the car, and there is no ownership of the car. The ownership of the car has always belonged to the zero down payment car purchase company.
0 down payment auto insurance is much more expensive. Consumers generally require full insurance when they borrow money to buy a car. Even if it's not security insurance, you can't buy auto insurance yourself. Car dealers buy, there is almost no discount. If the loan is for 3 years, you need to buy 3-year insurance at the designated insurance company.
Can I buy a car with zero down payment?
You can buy a car with zero down payment. Buying a car with zero down payment is a brand-new way of buying a car, which refers to the car loan without down payment for a specific model launched by banks, auto financing companies and other institutions within a certain activity period. It has the characteristics of high loan amount and no down payment. The following is the introduction of the full car purchase by stages: 1, full car purchase: generally, there will be no extra fees such as handling fees and deposits, but there is no relatively favorable economic pressure to pay it in one lump sum, which is unbearable for most families. 2. Buying a car by stages: Buying a car by stages is the most common way to buy a car now. After signing a car loan agreement with the bank, it is usually 36 months' monthly payment to pay the down payment of the car, and then it can be paid monthly. There will be corresponding interest expenses at this stage, so the price of the whole vehicle will be higher, but the economic pressure will be less.
Can I buy a car with a down payment loan?
Nowadays, many people buy cars with loans. In fact, there is also a 0 down payment loan for buying a car, but the general loan interest will be higher. If you can't get the down payment, it is not recommended to buy a car. After all, cars are an expense. After buying a car, I have to keep it with interest every month, which is very stressful.
Can I buy a car with a down payment loan?
You can buy a car with a down payment loan. In order to increase sales, many car dealers have launched a down payment loan to buy a car. Customers don't have to bear too much pressure in the early stage, but when buying a car with a down payment loan, customers need to pay attention to whether there is a routine.
For example, although the down payment for car purchase is 0, the customer's loan interest rate will be higher and the financial service fee charged to the customer will be more. In addition, there may be insurance, decoration and other requirements, customers should consult clearly before choosing.
Is the car loan interest rate very low?
Car loan interest rates are generally not very high. Sometimes the car loan interest rate of commercial banks is only 3.0%. If there are preferential activities, the car loan interest rate may be lower. Of course, it still depends on the specific policy of the lender when applying for a loan.
When applying for a car loan, customers cannot just look at the loan interest rate. Sometimes, lending institutions or 4S stores will charge financial service fees. If this service charge is included, the customer's actual loan interest rate may not be low, which also needs attention.
How many years can I borrow a car loan?
The longest loan period of car loan is no more than 5 years. The average user will choose three years when choosing the term of car loan. Although the longest term of car loans provided by banks is five years, the longer the loan term, the higher the loan interest rate and the more interest to be paid. Therefore, after weighing the pros and cons, borrowers generally choose to borrow for three years.
In short, no matter how many years the loan is, users should remember to repay the loan on time after handling the car loan to avoid unnecessary influence on personal credit information.