It is more cost-effective to buy a car in full, which is understandable.
At present, the bank and financial interest of normal car loan is about 10%, which is very high. If you really lack funds and want to buy a car, you can only borrow money to buy it.
Loan to buy a car:
Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. Loan to buy a car refers to the loan issued by the lender to the borrower who applies for buying a car. In fact, it is to borrow money from financial institutions to buy a car. However, financial institutions require car buyers to pay a certain percentage of down payment and provide proof of repayment ability. They have no bad credit record and must meet the requirements of financial institutions before they can apply for a loan to buy a car.
Is it better to buy a car with a loan or a full car?
Just buy a car in full.
Usually buying a car in full means paying all the expenses in one lump sum.
Usually you need to pay the price of the naked car, purchase tax, license fee and insurance. You may not get the car immediately after paying the fee, and sometimes you have to wait a long time to get the car. The advantage of buying a car in full is that the funds are paid in one lump sum, there is no follow-up fee, and each fee is more open and transparent. Generally, people with financial ability will choose to buy a car in full.
The cost of buying a car with a loan is higher than the full amount, and it must be repaid as required every month. If you don't repay on time, you will be blacklisted. When choosing to buy a car, the full amount can save a lot of money. At the same time, the loan to buy a car is more complicated and needs approval, and it takes a while to lend money.
Which is more cost-effective to buy a car in full or with a loan?
Buying a car, mortgage or loan are all good choices, which depends on your personal situation and your financial ability.
Mortgage is a form of buying a car by installment. Pay a certain down payment first, return a certain amount every month within the specified time, and pay a certain interest. Loans are projects with the same value as bank mortgage loans. Generally, it is required to borrow a certain amount of money from the bank, which exceeds the loan amount.
When we go to buy a car, the sales staff of the car company generally recommend us to buy it in installments, and it has been circulating on the Internet that the sales staff who buy the car in full have no profit. The truth is that when you choose to pay by installment, the car company will charge the corresponding handling fee, but the loan contract is signed with a third party, which not only avoids the risk, but also benefits from it. Therefore, when our economic conditions permit and the price of the car we want to buy is not very high, it is best to pay in full. Save money and worry.
In fact, mortgage and mortgage interest are similar. The difference lies in the way of repayment. Mortgage requires a certain down payment, and then you can choose the repayment time. Compared with mortgage, loan repayment time is longer and capital flow is more convenient. As we all know, under the condition of equal interest, the longer the repayment time, the better for us. The loan procedure is more troublesome than mortgage. Property evaluation is also needed.
Mortgage and loan have their own advantages, but no matter which one you choose, you need to read the contract clearly, calculate the monthly payment in detail, and cancel the agreement to avoid unnecessary trouble when returning the goods. Also pay back the money in time, otherwise it will affect the credibility. Choose a reliable platform to avoid being cheated by black-hearted merchants.