There is no accurate value for the credibility of interest-free loans for auto loans. It can only be said that many interest-free loan policies have many traps to pay attention to. Therefore, consumers are advised to do their homework in advance so as to negotiate in advance and avoid unnecessary. Zero-interest loans are not surprising in financial markets. It is an automobile loan business jointly initiated by automobile production enterprises and banks or auto financing companies. However, in practice, in order to make up for the losses, car dealers often ask consumers to pay a handling fee when buying a car or a loan. This is also a way to charge interest in disguise. Just like the graduate student event that is very hot now. Some accidents will inevitably happen in the process of buying and selling vehicles. Similarly, in the process of handling car mortgage, car buyers may also encounter unsuccessful or delayed approval. If they want to cancel their subscription at this time, some dealers refuse to refund the deposit.
I bought a car for two years and regretted it. Is it true that car loans are interest-free for two years?
It is true that the car loan is interest-free for two years. Usually, the interest-free loan policy is introduced by manufacturers. The simple understanding is that the manufacturer pays interest for you, and the consumer only needs to repay the principal in installments. This practice can be used by users to a certain extent, thus increasing the sales of cars.
But why do some people regret buying a car for two years without interest? Because 4S shopkeepers aim at making profits, they will charge a certain service fee and handling fee when you apply for an interest-free loan. These two expenses add up to almost the total interest, and some of them will be bundled, so 4S stores generally will not suffer losses, and the interest-free policy is only a small profit for 4S stores.
Therefore, interest-free does not mean free. Other fees charged when buying a car have no interest, which is a way of charging interest in disguise. Therefore, when buying a car, you must know the details of the charge from the sales consultant, because few sales consultants will take the initiative to explain, and you should read it carefully before signing the contract.
Is interest-free car loan really interest-free?
Interest-free car loans are real, but you will definitely be charged a handling fee. Generally speaking, the car loan is rarely two years, and in most cases it is three years, which can alleviate many repayment pressures. Dealers are not stupid. Even if they give you interest-free, they will make a profit. They will waive your interest, but they will charge a handling fee and a service fee. Together, these two items are almost the same as the total interest.
The so-called zero interest rate means that consumers only need to pay a certain down payment when buying a car, and the rest can be paid to the lender in installments without paying any interest. Chen Hongsheng, director of public relations department of Dongfeng Citroen, thinks that car loans with zero interest rate and zero down payment are equivalent to disguised car promotion. Different from the situation abroad, China's "zero interest rate" is not a real interest-free loan, and users need to measure whether they can get actual price concessions. " For example, if the user chooses a car with "zero interest rate",
Conditions for buying a car with an interest-free loan:
1. First, you must apply for a bank credit card that can provide interest-free loans to buy a car. If you don't know, you can consult the bank customer service and ask whether the credit card can enjoy the interest-free car loan qualification.
2. After handling the bank credit card, ask which 4S stores can provide relevant interest-free loan activities (note that not all 4S stores can handle interest-free car loan services). After that, you can go to the 4S shop that signed a contract with the bank and ask about the model you need and what car loan preferential activities are available at present.
With a valid certificate, the credit card holder will go to the dealer's 4S shop to choose the car model and negotiate all the purchase conditions. Generally speaking, the preferential margin of full car purchase will be greater than that of loan car purchase. Of course, the situation in each store is different. If you are not afraid of hard work and want to save money, you have to work harder and ask for more. After selecting the model, fill in the installment order at the dealer and wait for the bank to review it.
4. After the approval of the bank, the down payment will be given to the dealer to buy a car. It should be noted that the down payment cannot be swiped by the borrower's credit card.
5. After the vehicle is licensed, go through the vehicle mortgage formalities at the credit card department of the borrowing bank.
6. Go through the bank mortgage formalities and pick up the car after receiving the notice from the dealer.
Is a two-year interest-free car loan really interest-free
I can give you a definite answer, not only two years, but also three years. It's true. It can't be fake! Because my own Citroen took the road of loan to buy a car, why did I finally choose Citroen, largely because its 4S shop introduced zero commission and zero interest, otherwise I would have bought Nissan.
For cars under 65,438+10,000 yuan, the down payment is close to 50,000 yuan, and the remaining 50,000 yuan is loaned for two years, with zero handling fee and zero interest. However, after I paid a down payment of 10,000 yuan, a management fee appeared in the repayment schedule given by the store. I am very puzzled. The reply from consulting the sales staff is that the material management fee is very low, and it is 45 yuan every month, hehe! I pay a little more than 2,000 a month, and this management fee is equivalent to 2.25 per month. But you have paid the money, and you can't help them. Afterwards, I found that it was all routine. Although the management fee is not much, I learned a lot from it.
We should always remember a sentence: "What we buy is never as good as what we sell." Of course, compared with the minimum handling fee of 2000 yuan per day and the interest of not less than 4 miles, Citroen is still very kind. After all, the market share of your own Citroen brand is getting lower and lower, and it is understandable to sell through various means of zero interest, but don't engage in quarterbacks on Monday morning. Finally, remind the subject to consult other related expenses in advance while making interest-free loans to avoid unpleasant things in the future.
With the improvement of people's living standards, buying a car has become a very common thing, resulting in a very low threshold for buying a car now. Even if you have no money, you can buy it in installments. When you pay in installments, you will learn about interest-free activities for two or even three years. Is there really no interest on interest? Is it really a good deal? Let's have a look!
The so-called interest-free means that the loan has no interest, and this really has no interest! The sales staff in the store will help you calculate the detailed monthly payment, and there is really no interest at all!
Although there is no interest, you should know that buying a car by installment is not unconditional installment. First of all, you must meet the following conditions to enjoy:
1, buy insurance in the store! A car bought by installment like this is not only in-store insurance, but also all-insurance, and a certain renewal deposit is required. You will continue to buy all risks in the store next year and offset the renewal deposit in the next year's insurance. If you don't buy insurance in the store next year, then the money will be invalid. After all, it is not cheap to buy insurance in the store!
2. Charge fees in disguise. Since there is no interest on the loan, where does the interest on this money come from? And the handling fee are separate. After all, there is no such thing as a free lunch. Let's take a 65438+ 10,000 car as an example, with a down payment of 30,000 and a loan of 70,000. Then the handling fee is generally around 3000 yuan.
3. It is possible that individual distributors will have the form of bundling. Since you have participated in the interest-free activities, you must buy the decoration package in the store. The so-called decoration package is nothing more than some configurations or some worthless things, but the price sold to you by the 4s shop is more expensive.
This is the way of loan. Some models can only participate in interest-free activities with a down payment of 50%, or even interest-free activities for one year. Some models have a down payment of 30% or 20%, so the loan amount is not accurate and fixed.
Adding up the above expenses, I can draw the conclusion that if you borrow 70,000 yuan for a two-year interest-free car model, you will probably have to pay 65,438+2,000 yuan more. If we take the car loan according to the normal loan, what is the interest for two years? Under normal circumstances, there are only six points, about 4000 yuan.
Therefore, through the above comparison, we will find that although there is no interest in participating in interest-free activities, there are many traps behind interest-free, which costs a lot more than buying a car in full. Therefore, when purchasing, you must carefully ask the merchants whether there are more additional conditions behind interest-free. If there are no additional conditions, it is still worth starting. If so, we can find it in another shop. Don't just look at interest-free and fall into a bigger trap.
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Nowadays, more and more people will choose to buy a car by mortgage to reduce their life pressure. And buying a car in 4S will recommend you a two-year interest-free loan policy. So, is this kind of loan reliable? Are there some "shady" behind it that we don't know about?
First of all, we all know that in our daily life, we need to pay interest when we borrow money from a bank, so even if we buy a car, as long as we borrow money from a bank, this interest will definitely exist, but the payment group facing this interest has shifted. For example, some manufacturers will help consumers bear half of the interest, and the remaining half will be borne by 4S stores. These stores will use this policy to promote vehicles, and usually inform car buyers of the two-year interest-free car purchase policy, but this half of the interest borne by 4S stores also needs to be recovered from consumers through other means.
Secondly, some manufacturers do not have an interest-free policy, but in order to sell cars vigorously, 4S stores will bear the loan interest for two years to promote vehicles and increase sales. However, the wool is on the sheep. After promoting the two-year interest-free policy, 4S stores will also charge consumers high fees or service fees to make up for the so-called two-year interest-free policy. When we buy a car, we will also find a phenomenon. Even if we decide to buy a car in full, the salesman will try his best to persuade you to buy a car with a mortgage. After careful comparison with riders, you will find something tricky, such as the deduction of handling fees, which is much lower than buying a car by mortgage.
Of course, we all know that in many transactions, as long as there is enough sales performance, there will be some kickbacks in it. Just like between a 4S store and a bank, the more people lend money, the more rebates the bank will give to the 4S store. Isn't this a gain for 4S stores?
In a word, there is no free lunch. There are actually many inside stories that consumers have never seen behind the two-year interest-free car loan. As a consumer, don't see the word interest-free and feel that you have got a big bargain. You should carefully compare the differences and differences between full payment and loan, and then consider starting.
The two-year interest-free loan made by the 4S store is indeed interest-free, but the 4S store will charge a series of fees, such as financial service fee, renewal deposit (which can offset the insurance premium for the second year), positioning fee, fair mortgage fee and so on. Generally, interest-free loans in 4S stores have down payment requirements, or fixed loans.
For example, if the car price is 65,438+10,000 yuan, the down payment is 40% interest-free for two years, that is, the loan is 60,000 yuan, the financial service fee is 3,000 yuan, the insurance deposit is 2,000 yuan, the positioning fee is1.The fair mortgage fee in 500 yuan and 500 yuan is 300 1.5005 million yuan. 5000/24/60000=0.00347, which is almost 3.5% per month. Compared with the outside installment companies, this is also a very cheap interest.
Therefore, interest-free is true, and 4S stores also earn profits by charging other fees.
First of all, it is certain that there are indeed two-year interest-free car loans, and most low-end brands have two-year interest-free models;
Secondly, interest-free car loans generally have some additional requirements and extra costs. 1, additional requirements, mainly reflected in the down payment ratio, requiring a certain percentage of down payment to enjoy the interest-free policy; 2. Additional fees, mainly reflected in: financial mortgage service fee (basically interest-free and interest-free, generally 3% of the loan amount or a fixed amount), renewal deposit, GPS fee, mortgage fee, etc. In fact, many interest-free loans will also charge these fees.
Finally, many people will say that this is the routine of manufacturers or businesses, but it is not. This is just a policy that manufacturers adjust according to the relationship between supply and demand in the market. It is a marketing strategy to destock or increase market share. As for the routine or that, it doesn't exist. Generally speaking, the interest-free policy is generally based on the manufacturer's financial or cooperative formal banks. So when you buy a car, you must look at what loan channel you are taking.
Now that the automobile market is relatively transparent, you can go to several brands to learn about it. Many brands also have interest-free car loans. But high-end products are generally not interest-free, such as BMW and Mercedes-Benz.
Actually, it's not interest-free. The interest is paid by 4s shops and manufacturers, which seems to be 6/4. To put it bluntly, the interest is still paid by us, such as insurance (insurance with the same quality but different price), handling fee and positioning fee, which can be counted as interest, just under a different name.
These are still seen from the information given by the manufacturer after the loan to buy a car. Alas, loans cost more, but no loans cost less. In fact, it's all the same, all for making money.
Consumption is an important driving force for economic growth. Nowadays, young people's consumption habits have changed a long time ago, and they advocate spending in advance instead of blindly saving money. In order to meet the needs of consumers, automobile OEMs and banks cooperating with dealers have also begun to change various ways to recommend interest-free loans to consumers.
Interest-free policies formulated by financial institutions led by OEMs to promote the sales of this product are generally real interest-free policies. In recent years, the automobile market tends to be saturated, and the pressure on the main engine factory is also great. Many OEMs can't meet their annual targets, so they also offer interest-free loans.
However, there are policies above and countermeasures below. Although the OEM has given an interest-free policy, it does not explicitly prohibit dealers from charging financial service fees and GPS fees. Therefore, most dealerships publicize the promotion policy of interest-free loans, but they will charge corresponding service fees and GPS fees, which is also an important source of income for dealerships.
With the increasing downward pressure of economic development, commercial banks and financial institutions have a hard time, so they have taken the initiative to go out and look for customers, and some account managers have turned their attention to automobile dealers. At present, dealerships basically cooperate with two or three financial institutions, and some even more. The biggest advantage of these financial institutions is that they can lend money quickly, the examination and approval procedures are simple, and the down payment can be very low or even zero, which greatly lowers the threshold of automobile consumption, but it will also make consumers spend more money.
This kind of financial institutions generally rely on interest to make profits, so the fees may be higher. Although the publicity is interest-free loans, there will be other additional conditions, such as liquidated damages for early repayment, service fees charged by financial institutions, and timeliness of monthly repayment. , can be used as their profit point.
Generally speaking, in the current situation that the overall automobile market is not good, the profit of the dealership is getting less and less, and they will also think of more ways to ensure the profit. No matter what kind of loan there will be a service charge, let's find an interest-free one, which is relatively more cost-effective
Two-year insurance must be bought in 4s, which is more expensive than interest.
It is true that the loan to buy a car is interest-free for two years, but the down payment is 70%, and the remaining 30% can be interest-free for two years. The down payment is less than 70%, the loan has no interest, and the interest exceeds 10%. However, every car company is different, or some car companies are really interest-free.
In addition, the in-store insurance is compulsory for two years, and the insurance company returns 40% to the 4S shop. You bought 6000 insurance and returned it to the 4S shop for 2400, which was also earned by 4S, so now the 4S shop especially recommends buying a car by mortgage.
The car loan launched by the car 4S shop is interest-free for two years. Is it really interest-free
Thank you for your invitation. I am Chehai V Infinite. I communicate, share and learn about cars with you every day.
Is a two-year interest-free car loan really interest-free? First of all, whether it is a car loan or other types of loans, as long as it is a loan, banks or financial companies will definitely charge interest, and no one will do business without money. It can only be said that the interest on the car loan is paid for you by the car manufacturer or the 4S shop. To put it bluntly, it is also a promotion activity of the car factory, which means interest-free for consumers.
What is certain is that the two-year interest-free car loan policy of many car 4S shops is true. Generally speaking, these interest-free policies or preferential policies of 4S stores are activities directly undertaken by manufacturers, that is to say, the interest on car loans for two years is borne by the car factory, and 4S stores are responsible for publicity and promotion. For 4S stores, it is of course very happy to promote, and there are many extra profits in it. Let's calculate the next account.
We calculate the vehicle with 654.38+10,000 yuan. The down payment is 30% and the loan is 70%, that is, the loan is 70,000 yuan for two years. According to the current bank car loan interest rate of 3.75%, the total interest for two years is 3.75270000 = 5250 yuan, which is paid by the car factory, but the 4S shop basically does not have to bear or bear part of it. For consumers, it feels like a real discount, but friends who have bought car loans know that the extra cost of the whole car loan process is higher than this interest. In fact, it is not dominant. What are the extra charges? Let's see.
First of all, when you apply for a car loan, the 4S store will charge you a loan fee, also called a financial service fee, which is generally more than 3,000 ~ 4,000 yuan. This fee is completely charged by 4S stores, with a profit of 65,438+000%. The cost of GPS locator is about 2000 yuan. When you apply for a car loan, you will be asked to install this GPS locator to prevent you from finding your car location in time when you can't afford to pay the car loan. In fact, the cost of this GPS is only a few hundred yuan.
Insurance rebate commission, you borrow it for two years, and you must buy auto insurance in 4S shop as soon as possible in those two years. According to the insurance cost of your car loan, it will cost about 4,000 yuan, which is 8,000 yuan in two years. That 4S shop can get at least 2000 yuan insurance commission rebate in the past two years. Vehicle mortgage fee, the charging standard of the automobile industry is generally calculated according to the loan amount 1% 100 yuan, with a loan of 70,000 yuan, that is to say, the mortgage fee is 800 yuan. In fact, I learned from the DMV that the real charge is 70 yuan, which means that more than 700 pieces were taken away by the 4S shop.
It is a matter of conscience that 4S stores charge at least 500 yuan's authorization fee. Some 4S stores, especially those with luxury brands, can receive more than 2,000 yuan. In fact, the registration fee charged by the DMV is 130 yuan.
The above car loan needs extra expenses. The total cost of our company at the same level is 30002000800800500 yuan =14300 yuan, which is the extra expenses that consumers need to pay to the 4S shop, and the 4S shop earns at least 7000 yuan from it. It can be seen that the loan is 70,000 yuan, and the loan is for two years. Although you got the interest subsidy of 5,250 yuan for the car loan, you paid 65,438 yuan+0,000 yuan for it, which did not benefit you. The real benefit is the 4S shop, with a profit of at least 7,000 yuan, and the interest on this car loan does not need to be paid by the 4S shop, or a small part. It can be said that the 4S shop is lying down to make money. This is why many 4S stores only sell cars to customers who apply for loans. If you don't apply for a car loan, they won't sell it to you.
To sum up, the two-year interest-free car loan is indeed interest-free, that is, there is no need to bear interest expenses, but there are still many routines and hidden extra expenses, so we must be cautious, measure the gains and losses according to our actual situation, and make a correct consumption pattern.
The above views are only personal. Welcome everyone to communicate, share and learn together. Thank you.
Is it true that there is no interest on car loans? brief introduction
Many people want a scooter to travel easily, but they can't save money at ordinary times. If they can't buy a car in full, they can only borrow money to buy it. The interest on the loan to buy a car has always attracted much attention. Some people will ask if it is true that the loan to buy a car is free of interest. Let's see what is going on.
Is it true that there is no interest on car loans?
It is true that there is no interest on a car loan. Many car dealers will take interest-free promotion for some vehicles in order to withdraw funds quickly. However, if they choose these vehicles, they are generally unable to enjoy other benefits, and they may need to agree to some additional conditions, such as buying all insurance in the 4S store and paying the license fee of the 4S store.
In addition, you may need to collect a deposit, pay a handling fee to the 4S shop, and even bundle some auto parts. In fact, the total cost of buying a car is not less than the car loan with interest. It is recommended to choose carefully. Don't think that buying a car loan without interest can really save money.
How to get a car loan?
The most cost-effective way to buy a car is to buy a car in full. It is really impossible to buy a car in full. Buying a car by loan depends not only on whether it is interest-free, but also on many aspects.
Try to pay a higher down payment if possible, and the loan amount is small, even if the interest is not too much; There is also the choice of the appropriate loan period. Although most car loans can last up to three years, which is not very stressful for a long time, the risk is too great to save money. Of course, the loan can be paid off in advance if the loan is successfully handled and the funds are sufficient.
Is it true that car loans don't need interest? I hope it helps you.
This is the end of the introduction of interest-free loans for cars. What are the routines for interest-free cars? I wonder if you have found the information you need?