Without further ado, jump to the conclusion. An interest-free loan for buying a car is not really interest-free.
Compared with buying a car in full, most users will choose to buy a car with a loan. On the one hand, you can enjoy the convenience of a car in advance, and on the other hand, you can also buy a higher-grade car.
Buying a car with an interest-free loan is that when you buy a car, the interest on the loan is zero, and you only need to repay the principal. The main loan targets are people with high incomes and stable jobs, who want to buy a car but can't pay the full amount, and the other is people who are good at managing money. But the question is, is it worth taking out an interest-free loan to buy a car?
In the case of insurance premiums, for example, many financial institutions require borrowers to purchase compulsory car insurance, so that borrowers need to pay additional insurance premiums. In terms of procedures, the procedures for interest-free car loans may be more complicated than ordinary loans, and consumers need to pay more fees. In addition, it is also important to note that many financial institutions will set a prepayment fee in the interest-free car loan.
The interest-free period of general car loans is mostly about two years, and this common short-term interest-free installment basically does not have too many routines, especially many relatively large car manufacturers, which have more practical support policies in this regard, and can indeed achieve real interest-free.
At present, there are generally two types of interest-free car loans on the market. One of them is the business provided by the car manufacturer, strictly speaking, this is a disguised promotion, the manufacturer bears most of the loan interest for the consumer in the customer's loan process, and there are not too many additional conditions, it can be said that it is earned when you grab it. However, most car manufacturers offer interest-free loans mainly to facilitate their models to seize the market, so there will be restrictions on the sales of models.
The other is the interest-free loan business provided by the 4S store itself, in which the interest-free slogan is more to rush the performance and attract consumers to buy. However, many 4S stores will cleverly make these exempt interest into high handling fees or service fees in disguise, and finally become the consumer's own responsibility in disguise.
So, an interest-free loan is not really interest-free.