In the past, Chinese people needed to save money before buying a car, and then they could spend after saving enough money to buy a car. Now there are many ways to spend, in addition to buying a car in full, 4S stores also recommend installment loans to buy cars. Some 4S shops even waive interest for three years in order to allow car owners to borrow money to buy a car.
There are pros and cons to taking out a loan to buy a car, and for consumers who don't have enough budget and want to buy a car, it's a good thing to be able to get on the car without spending a lot of money. However, if you calculate an account, you will find that the loan to buy a car costs a lot more than buying a car in full.
Many 4S store sales strongly recommend car owners to borrow money to buy a car, even if the owner has the ability to buy a car in full, the sales will also persuade the owner to choose interest-free installments. There are many ways to buy a car with a loan from the owner of the sales coupon, and most sales will be considered from the perspective of the owner, so that the owner can use the money for investment, not to buy a car.
Some car owners clearly tell sales that they only want to buy a car in full, do not want to take out a loan to buy a car, and the attitude of sales may change immediately. What are the benefits of a loan to buy a car for a 4S store? Why do all sales strongly advise car owners to take out loans?
Each 4S store has cooperation with designated banks, and every quarter has a loan task, and if the 4S store completes the loan target, it will get a certain amount of rebates. Therefore, many 4S shops will try their best to persuade car owners to take out loans, and buying a car only says the advantages of loans to buy cars, without mentioning the hidden dangers of loans to buy cars.
After the owner takes out a loan to buy a car, the bank will ask the owner to pay a financial service fee. Financial services fees are theoretically handed over to banks, but car dealers also get some rebates from them. Buy a family car of about 100,000 yuan, the financial service fee is about 3,000 yuan, the higher the price of the car, the more expensive the financial service fee.
A car owner in Shanghai bought a 450,000-strong Mercedes-Benz SUV and paid a financial service fee of 12,000 yuan. In addition to spending more on financial services, car owners also have to pay GPS installation fees. The GPS installation fee varies from 1000 to 2500 per 4S store.
After paying the GPS installation fee, the 4S store will also let the owner buy car insurance in the store. The price of buying insurance in the 4S store and going to the insurance company is completely different, and the price of buying insurance in the 4S store is more expensive, because the 4S store needs to get half of the commission.
If you only want to buy a B-class car with about 200,000 yuan, you only need to pay the purchase price, vehicle purchase tax and insurance. Loans to buy cars mainly pay financial service fees, GPS installation fees and various bundled fees, and the purchase price has invisibly risen to 210,000 to 220,000.
The essence of the business is to pursue profits, 4S shops try their best to make more money from the owners, of course, will recommend the owners to borrow money to buy cars. A loan to buy a car allows dealers to make more money, and banks and insurance companies can also make a profit from it. Even if the owner of the car cannot repay the loan vehicle in the future, it will be forced by the bank to take it back for auction, and the financial institution will not lose money in any case.
Editor's Comments:
There is a lot of money difference between a loan to buy a car and a car in full, and I hope that everyone can consider the advantages and disadvantages of taking a loan to buy a car. If you have limited conditions and can only choose a loan to buy a car, don't worry about financial service fees. If you have the ability to buy a car in full, it is best to pay off the loan in one lump sum, and it is certainly not cost-effective to spend more money on the complicated procedures for buying a car.
The pictures in this article are from the Internet, if there is infringement, please contact to delete