Is it worth buying a car with an interest-free loan?
1. The car price of interest-free car loan may be higher than the car price of directly applying for interest-bearing car loan or full car loan.
2. Although the interest-free car loan has no interest, it does not mean that there are no other expenses. Such as handling fees, management fees and other expenses. It may eventually be higher than the loan cost of interest-bearing loans.
Therefore, although buying a car with interest-free loans sounds beautiful, it can really bring discounts to customers. But not every customer is suitable for this kind of interest-free loan to buy a car. I suggest you measure it and choose the one that suits you.
Interest-free loan to buy a car process:
1. First of all, you must apply for a credit card from a bank that can provide interest-free loans to buy a car. Of course, you can call the bank customer service in advance and ask whether you can enjoy the qualification of interest-free car loan after applying for this credit card.
2. After handling the bank credit card, ask which 4S stores can provide related car loan activities. After that, please go to the 4S shop that signed a contract with the bank to ask about the car loan preferential activities of the models you are concerned about.
3. Credit card holders hold valid documents to the dealer's 4S shop to choose the car payment, and talk about all car 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 must be diligent and demanding. After selecting the model, fill in the installment order at the dealer and wait for the bank's review.
4. If you pass the bank's audit, take the car down payment to the dealer. It should be noted that the down payment cannot be swiped by the borrower's credit card. This is not allowed by the bank.
5. After the vehicle is licensed, you need to go to the credit card department of the borrowing bank to handle the vehicle mortgage procedures.
6. After completing the mortgage formalities of the bank and receiving the notice of car pick-up from the dealer, you can pick up the car.