Is it reliable to buy a car with zero down payment? Wouldn t it be safer to have a low down payment?

Hello, nowadays life needs, car loans are very common. The way to buy a car with a loan can be much more discounted, which is mainly reflected in the loan interest. The lower the interest, the less fees you pay and the more money you save.

Loan object: The borrower must be a permanent resident of the place where the lending bank is located and have full capacity for civil conduct.

Loan conditions: The borrower has a stable occupation and the ability to repay the principal and interest of the loan, and has good credit; A third party who can provide recognizable assets as collateral or pledge, or a third party with sufficient solvency can act as a guarantor to repay the principal and interest of the loan and bear joint and several liability.

Loan amount: The maximum loan amount is generally not more than 80% of the purchase price of the car.

Loan term: The term of auto consumer loans is generally 1-3 years, and the longest is not more than 5 years.

Loan interest rate: Uniformly set by the People's Bank of China.

Loan repayment method: You can choose the one-time principal and interest repayment method and the installment repayment method (equal principal and interest, equal principal).

The above is the relevant knowledge about car loans, if you urgently need money to borrow money to buy a car, it is recommended that you use a big platform. For example, Du Xiaoman Finance's money is spending, with a high loan amount, low interest rate, and fast lending, which does not affect the car buying process. Click the link to test credits.

Up to 200,000.

Share with you the application requirements for consumer products with money: it is mainly divided into two parts: age requirements and information requirements.

2. Information requirements: During the application process, you need to provide your second-generation ID card and your debit card.

Note: Only debit cards are supported, and the application card is also your debit card. My identity information must be the second-generation ID card information, and I cannot use a temporary ID card, an expired ID card, or a first-generation ID card to apply.

This answer is provided by Youqianhua, due to objective reasons such as the timeliness of the content, if the content is inconsistent with the actual interest calculation method of the Qianhua product, it shall be displayed on the page of Du Xiaoman Financial APP-Youqianhua Loan. Hope this helps.

0 down payment to buy a car, first of all, you need to have your identity information, income guarantee information, etc. to support review and risk control. In fact, 0 down payment is just a concept, not a real 0 down payment, you still have to prepare a little money to buy insurance in the early stage, and you generally have to buy full insurance.

Personally, I think it is more reliable and safer to buy a car with a low down payment. It's generally no problem to find a regular one that can put your name on it.

The reason why some car owners choose to take out a loan to buy a car, is because their funds are relatively tight and they really need a car for home, the down payment ratio for a loan to buy a car or according to the zero down payment for a loan to buy a car is actually very convenient, but the money for a down payment to buy a car with zero down payment does not need too much, there are roughly two kinds of zero down payment to buy a car, the first is that you need to pay the purchase tax insurance of the vehicle, as well as the license fee, the naked car price of the remaining vehicle is repaid according to the monthly payment, and the other kind of zero down payment to buy a car, It is calculated directly, how much is the total landing price, and then it can be repaid every month.

So even if you only have 10,000 yuan or 5,000 yuan in your hand, you can buy a car with zero down payment and use it for home use first.

Disadvantages of zero down payment::

There are advantages and disadvantages, the disadvantage of zero down payment is that the procedures will be very complicated when buying a car, and the various charges are much more than the proportional loan to buy a car, if the total calculation of a car is 100,000 yuan, the total landing cost of buying a car with zero down payment is at least about 20,000 yuan more than the full amount of buying a car, the biggest disadvantage is that the interest on buying a car with zero down payment is relatively high, and the handling fee is also very high, in addition, Fees such as some of the familiar deposits are also charged, so if you really add them all together, you will know that buying a car with zero down payment will cost a lot more.

Personally, I recommend opting for a pro-rata loan to buy a car.

Personally, I still very much recommend a proportional loan to buy a car, basically now many car owners go to the loan to buy a car when the down payment ratio will be about 30%, if the down payment ratio of 30% for the loan to buy a car, there are some vehicle brands also support interest-free loan fees, the above will not be much more than the full amount of the car to buy, in addition to the 30% down payment to buy a car, now many 4S stores also support 20% down payment, so my advice to everyone is still, If you have tens of thousands of yuan in your hand, it is most appropriate to buy a car according to this loan ratio, and you should consider buying a car with zero down payment at the last step.

Summary: For many consumers now, buying a car is a very simple thing, but to be honest, if you have enough capital budget or only tens of thousands of yuan, I do not recommend that you choose to buy a car with zero down payment.

A low down payment is more reliable, and the interest rate on a car purchase loan with zero down payment is high. When buying a car, many 4S stores have a two-year interest-free activity, but only if you have to make some down payment. In reality, the interest on buying a car with 0 down payment is particularly high, which is not cost-effective, and there may be routines.

Buy a car with a low down payment. Because buying a car with zero down payment is generally a product launched by some financial institutions, the car is a financial institution, and the car can only be transferred to you after the loan is repaid, so it is more reliable to buy a car with a low down payment, after all, the car is your own.

Personally, I think it's more reliable to buy a car with zero down payment, because it is very convenient, it can provide you with great convenience, and you can make better use of your funds.