Automobile manufacturers, in order to sell cars better, buy. There are usually some profit-making activities, and buying a car for two years without interest is one of them.
Generally speaking, automobile manufacturers will seek long-term cooperation with financial institutions. Or set up a financial company specializing in car loans at their own expense.
When consumers buy a car, they pay the down payment according to the regulations, sign a two-year interest-free loan contract, and the whole car purchase behavior ends. There are no special requirements. If you have to, you must be at least 18 years old, have full responsibility, have a certain economic income, and can repay the monthly loan.
What are the conditions for applying for a two-year interest-free loan?
For low-income college students, whether they finish their studies or start a business after graduation, it is a great good thing for them if they can apply for an interest-free loan. So, how do college students apply for interest-free loans?
Interest-free risk loan
1. To apply for an interest-free venture loan, you must meet the following conditions:
1), at least 18 years old, with legal and valid identity certificate and legal residence certificate of the place where the loan bank is located, and with fixed residence or business premises.
2) The lender must hold a business license issued by the relevant industrial and commercial administrative authorities, engage in legitimate production and business activities, and have stable income and the ability to repay the principal and interest;
3) The purpose of the loan conforms to national laws and bank credit policies;
4), investment projects, there is a certain amount of free funds. And opened a settlement account in the applicant bank, and the operating income will be settled by the bank in the future.
2. Application steps:
After meeting the application conditions for venture loan, the applicant submits an application to the Personnel Bureau with relevant materials, and the person in charge of the Personnel Bureau conducts a preliminary examination. After passing the preliminary examination, the Personnel Bureau will issue a recommendation form and evaluate the applicant's entrepreneurial ability. After the preliminary examination is passed, the local personnel bureau will review the applicant and submit it to the local guarantee institution. The guarantee institution guarantees the applicant, and the applicant carries the above information to the bank for examination and approval. After approval, an agreement can be signed to handle the loan.
Student loan
For students who have just entered the university, they can apply for a student loan from the bank if their families are in difficulties. The student loan applied for enjoys the discount policy given by the state during the university period. The loan is interest-free during the whole university period, and the interest is calculated according to the benchmark interest rate stipulated by the state after graduation.
Students who apply for student loans should pay attention to the fact that if they graduate, they must repay on time, otherwise it will have a serious impact on their personal credit and that of co-borrower, and even make it impossible for you to get loans from banking institutions.
Third, buy a car for two years without interest.
First of all, answer directly.
The interest-free loans of most financial institutions are not really interest-free.
Second, concrete.
Since the interest for two years is 4%, the 4S shop will naturally find the handling fee from other places. Even if the owner feels that the loan still needs to pay so many handling fees, he is very unwilling, but he faces two problems.
In addition to the handling fee, this is unwritten insurance in the industry, and insurance must be purchased in 4S stores. Besides the necessary insurance, there are other commercial insurances.
In addition, when choosing an interest-free loan, for many models, a two-year interest-free loan may require a down payment of 40% or 50% instead of a simple down payment of 30%. The rest of the money needs to be paid off within two years. In fact, the remaining loans do not mean that banks do not charge interest from owners, but will change.
Generally speaking, a two-year interest-free loan is not really interest-free in nature. Moreover, interest-free loans need to pay fees and other fees, which add up to a little more.
Online loan big data can clearly reflect the user's recent application for online loans, whether online loans are repaid on time, and whether identity information is suspicious. You can get a detailed risk report by searching.
3. What does it mean to buy a car for two years without interest?
Two-year interest-free car purchase, that is, the user borrows money to buy a car and chooses to borrow money for two years. Then, after the user's current loan expires, the user only needs to return the loan principal.
Generally speaking, some models of 4S stores will have loans, and vehicles free of purchase fees will have interest-free concessions, so you can consider whether to buy cars by stages.
Of course, although buying a car in installments is interest-free, 4S stores will need to charge a handling fee, and users can carefully consider whether it is cost-effective to buy insurance in the first year.
4. What are the two-year interest-free conditions for Volkswagen?
Volkswagen's two-year interest-free condition varies from region to region. It is recommended to consult the local 4S shop or sales department, subject to the reply from the 4S shop. For example, Volkswagen 4S stores in some areas must obtain loans from four major banks if they want to enjoy interest-free for two years. The four major banks are China Construction Bank, China Agricultural Bank, China Industrial and Commercial Bank and China Bank. In some areas, they will charge service fees from 4S stores. If not, they can't enjoy interest-free for two years. Some areas need loan guarantee, usually in the form of real estate mortgage, deposit mortgage and third-party guarantee. In some areas, customers will be required to buy car insurance in stores, and many useless insurance types are mandatory. Such as glass insurance and spontaneous combustion insurance. These are additional conditions and some basic conditions. In other words, you must meet the following conditions before you can apply for a two-year interest-free loan for a natural person aged 18-65; The actual age of the borrower plus the loan application period shall not exceed 70 years old; Have a stable occupation and income, and have the ability to repay the loan principal and interest on schedule; Good credit investigation, no bad records; Other conditions stipulated by the bank.