Not reliable, don't step on the pit.
Car dealers offer cars with zero down payment and zero interest rate. This is not a free lunch, but a way to promote sales. In fact, this move by car dealers is not much different from its price reduction. Car dealers offer zero down payment, but divide the down payment into several months. It seems that you are not required to pay in one lump sum, but in fact you are not underpaid. It's just that the object of collecting money is the bank, not the car dealer, and there are some interests. This is especially true of zero interest rate. Buying a car in a car dealership, 1 or 3 years seems to pay less monthly interest, but there is a price to pay. Generally, to apply for a car loan with zero down payment, the loan applicant needs to mortgage the property, which means that the applicant must have the property title certificate in his own name. If you can't mortgage the property, you need to pay a down payment of 30%, and then pay in installments over three years.
Second, is it true that the loan car purchase rate is zero?
It's almost the same. What zero interest rate? You think the people in the car dealership are stupid. If there is no interest rate, the handling fee will be high, and the handling fee will be paid in one lump sum when buying a car. For example, if there is no interest, the handling fee will be 3000, and if there is no interest, it will be at least 5000 to 8000. On the whole, it's all the same.
3. Is the zero interest rate of Toyota car loan true?
Hello, some of it is true, but generally people with zero interest rate need to charge a handling fee, so it is impossible to be poor. If my answer is helpful to you, please set it as the best answer, thank you!
Fourth, buy a car with a zero-interest loan, beware of these tricks.
As cars gradually enter thousands of households, it has become very common to borrow money to buy a car. However, there are not many consumers who choose to pay the full amount in one lump sum, and most choose various forms of installment payment. In order to get more customers, car dealers will buy cars with loans with zero expected annualized interest rate from time to time, but this market is neither mature nor standardized enough. Buying a car with a zero expected annualized interest rate loan is very tricky. 1, zero expected annualized interest rate loan to buy a car is not really free. Many dealers or manufacturers will advertise that a car has an "interest-free mortgage" or a "zero-interest mortgage". But the truth is that there is no interest, but some "handling fees" will be charged. For this so-called handling fee, it can also be called "management fee", which is equivalent to 4S agency fee and running errands. However, consumers should note that this fee is also negotiable. 2. Buying a car with a loan will force you to buy insurance. Basically, every 4S store will be forced to buy insurance for mortgage customers in 4S stores, and it is mandatory. Due to channel reasons, the commercial insurance premium of 4S will be about 10% higher than that of telephone sales. This is also an important source of 4S profits. Moreover, if your mortgage term is two or three years, 4S will charge a so-called "renewal deposit" when buying a car, so as to force customers to buy auto insurance in 4S in the second and third years, otherwise the deposit will not be refunded. There is no interest on credit card installment, but there is a "handling fee". Many banks have set up credit card installment business, often claiming that there is no interest, but in fact banks charge "interest" in the form of handling fees. Take a state-owned commercial bank as an example, its credit card purchases cars by stages, charging a handling fee of 4% a year, which is charged once in the first bill. For example, if you repay 50,000 yuan in installments, in the first credit card bill, in addition to the repayment amount, you will also charge a one-time handling fee of 2,000 yuan. It should be noted that this handling fee is paid to the bank and will be reflected in your credit card bill, which is different from the handling fee charged by 4S mentioned above. 4. There are quite a few "pits" for mortgage car purchase. Many car dealers slaughter car buyers through various "fees". For example, in addition to interest and handling fees, there will be various fees such as "assessment fee", "appraisal fee" and "mortgage fee", ranging from several hundred yuan to several thousand yuan. Others force customers to install GPS equipment at their own expense and so on. I think we should stay away from such dealers. In addition to interest and credit card installment fee, it is reasonable for 4S to charge a fee appropriately. If there are other expenses, be on your guard.