How about buying a car with 0 down payment? Is it appropriate to buy a car with 0 down payment?

Is it reliable to buy a car with zero down payment, and will there be a lot of hidden consumption?

It's not reliable, you still have money to buy a car, the interest is too high.

0 down payment does not mean that you can get the car without paying at all, in addition to paying the monthly payment, you also need to pay insurance, purchase tax and other expenses at the beginning. For example, taking a vehicle of about 100,000 yuan as an example, the approximate cost of buying insurance in the store is about 6,000 yuan, the purchase tax is about 8,500 yuan, plus the license fee of 350 yuan, and at least about 15,000 yuan need to be prepared.

There are three common routines pitfalls:

1. The owner is required to purchase insurance in the store, and the insurance cost purchased in the store is more expensive than that outside;

2. If you can't get free gifts such as steering wheel covers, seat cushions, reversing radars, sunshade films, etc., the owner needs to buy them in our store;

3. There is also a handling fee or other handling fees for zero down payment.

What do I need to buy a car with zero down payment?

1. A natural person with full capacity for civil conduct and between the ages of 18 and 60;

2. Have a local household registration and be able to provide proof of identity and residence when returning;

3. Stable income and strong repayment ability;

4. Have a real estate certificate or other proof of financial resources.

Is it cost-effective to buy a car with zero down payment?

It's not cost-effective, buying a car with zero down payment is a big hole, there is no zero down payment. "Zero down payment" car purchase is legal in the actual operation process, but it is only a change of concept in marketing words, and the "rent before buying" is secretly replaced by "zero down payment to buy a car". On some online car buying platforms, you can find a lot of vehicles that clearly write "down payment 0".

However, if you look closely, this does not mean that the down payment for buying a car is 0%, but that it refers to "renting for one year first", and the so-called "monthly payment" represents the monthly rent.

If the funds are insufficient when buying a car, it is recommended to find relatives and friends to make a down payment, and apply for a loan in a regular unit.

What are the features of zero down payment?

Buying a car with zero down payment is a new way to buy a car, which refers to the car loan launched by banks, auto finance companies and other institutions within a certain period of activity without a down payment for a specific vehicle model, with the characteristics of high loan amount and no down payment.

What are the pros and cons of buying a car with zero down payment?

Zero down payment is actually a loan that takes out 30% of the down payment you originally needed to buy a car, purchase tax, and commercial insurance. The advantages are obvious, that is, the down payment cost of driving away is very low, the term of the loan can generally be up to 5 years, and the disadvantages are also obvious, the total cost is a lot more due to the interest after the loan is more, and the car is generally in the name of the company during the loan period, and the transfer is given to the customer after the repayment is over, so if you really want to make a zero down payment, it is best to find a bank to cooperate, which is safer.

How much do I need to buy a car with zero down payment?

If you buy a car with zero down payment, you also need to pay service fees, handling fees and other fees when you go to pick up the car. Buying a car with zero down payment means that you don't need to pay a down payment, but you need to pay the fee in installments to repay the car loan, but you need to pay the purchase tax, insurance premium, and handling fee of the car in the early stage of buying a car.