1, handling fee. The loan is indeed interest-free, but it requires a high handling fee. It is usually 4% to 5% of the loan amount. And this money needs to be paid together at the time of down payment.
To put it bluntly, car dealers ask consumers to pay another handling fee in order to make up for their losses. In fact, it is a way to charge interest in disguise.
2. There are no other quotations. For example, 4S stores are holding activities, and no matter what model, there is a preferential margin of about 20,000, but if you choose an interest-free loan, you can't participate in the preferential activities. The most important thing is that sales can't tell consumers about the discount, and consumers will always be kept in the dark, thinking that they have got a bargain, which may increase the cost of buying a car.
3. Bundle sales. If you buy a car without interest, you must buy some products. For example, buy car decoration in the store, car full insurance and so on.
4. Word games. It is said to be interest-free, but it is only free for one year, and the interest for the remaining year will be very high.
The above will only be written in the contract, and the salesperson will not take the initiative to say it.
Million car purchase subsidy