Will there be any risks associated with buying a car with 0 down payment?

1. "Zero down payment, low price purchase" car platform, at present, most of them pay a down payment and a fixed handling fee according to the manufacturer's guide price, and then start a 12-month monthly payment. After the expiration of 12 months, consumers can have three options: the first is to settle the balance payment at one time, the second is to repay the balance in three years and 36 installments, and the third is to apply for a return if the car condition meets the conditions, so most consumers can only choose the second - to repay the balance in 36 installments, with an annualized rate of about 10%.

In fact, the down payment of 20% directly in the 4S store to buy a car in installments, the annualized rate is about 5%, plus the original price of the car used by these platforms to calculate the interest rate is higher than that of the 4S store, which is equivalent to buying a car with a loan shark.

2. "The wool is out of the sheep", which is ultimately reflected in the price of the car and the handling fee. Perhaps this kind of "zero down payment" and "low interest rate" are more complicated operations, but one thing is certain, this kind of car loan is more than ordinary loans to the bank for a down payment, which will definitely cause an increase in interest, and car buyers must also know that if they choose a preferential car loan, most of the new cars will be sold according to the original factory guide price, that is, the full price! It is not a market discount, but it is much more expensive than ordinary loans and lump sum payments.

3. It should also be noted that the models with "zero down payment"** are likely to be unsalable or have a lot of inventory. Choosing a "zero down payment" or "low interest rate" to buy a car can mean that not only will you not be able to enjoy the normal discounts, but the condition of the car may also be problematic.

There will be no risk, as long as the formalities are complete.

0 down payment to buy a car is a pit.

Car owners should be more vigilant when buying a car in this way, there may indeed be some pitfalls when buying a car with 0 down payment, and the common ones are three routine traps:

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.

Zero down payment

There is no legal provision for zero down payment, and formal bank loans require a down payment of at least 20%, which shows that zero down payment is not legal. However, the car manufacturer or 4S store will pay this money first, but it does not mean that consumers will save this cost, and the world will not be a pie in vain, and 4S stores may try their best to obtain benefits in other aspects, so that consumers can not get too many discounts for buying a car with zero down payment, or even more expensive.

In addition to zero down payment, there is also a sales method - zero interest, which also has certain traps. There will be some restrictions, such as model restrictions, and only the specified models can be purchased; Preferential margins are restricted, etc., creating the appearance that consumers are saving a lot of money on interest fees, but in fact they are spending on other things. On the whole, the amount of preferential fees is not large.

No, the world is going to rent a car, it is real and no routine.

Yes, buying a car with zero down payment is a new way to buy a car, which refers to a 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.

Eligibility. 1. A natural person with full capacity for civil conduct and between the ages of 18 and 60 2. Stable income and strong repayment ability.

3. Have a local household registration, and be able to provide proof of identity and residence.

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

The precautions for buying a car with a loan are as follows:

In fact, in order to attract more customers, dealers and manufacturers will first advance the down payment of the loan, and later will collect it from the consumer through other means, and the interest rate of this kind of loan is higher than the interest rate of the bank payment.

In addition, the down payment for buying a car also includes: car insurance, vehicle purchase tax, license fees, etc., take a car of 100,000 yuan as an example, if you go to the 4S store to buy vehicle insurance, you need 6,000 yuan than the book, the purchase tax is about 8,500 yuan, and the car license fee needs 350 yuan, adding up to nearly 15,000 yuan.

The above content reference: Phoenix.com - Loan to buy a car, in addition to preparing a down payment, what are the costs?

You can go to the regular private car purchase platform to handle it, Dandan's platform is good, with your own account name and good reputation.

Car story sharing 280 down payment car don't buy, many people have been fooled, everyone should be cautious.

Some 4S stores offer 0 down payment, which means cheaper, but they will be available from add-ons. For example, during the next 3 years of car loan, your car can only go through. If you buy insurance in a 4S store, you can only buy full insurance, which may be much higher than your interest.

This also applies to the old saying: "Sheep on sheep".

In fact, the zero down payment here is just a numbers game that 4S stores play for consumers. This loss is by no means a business. For 4S stores, the money from the down payment will be divided equally between the monthly payments on your car. As consumers, they spend more money than a full car purchase.

Another point to say is that the car that many 4S stores may pay for 0 is not a new car, that is to say, the car that can be discounted in stock, but a new car that sells you **, on the surface it looks like you pay for the car, there are no additional additional costs, but if you are at a discounted price**, it may be cheaper.

Yes, you can. 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.

Before taking out a loan, a bank-approved appraisal company will evaluate the value of the car to be purchased, and finally determine the loan amount based on this appraisal value, which is the loan amount. Generally, banks require a down payment voucher before they can lend money, but some loan intermediaries can help you apply for a loan without a down payment voucher.

High interest rate on car purchases with zero down payment; We all know that the minimum down payment is 30% for a loan, and it is basically impossible to pay less than this down payment. But in the last two years, there has been a way to buy a car with no down payment, and you can drive a new car for less money! However, this way of buying a car will not only charge a high handling fee, but also the interest fee brought by the loan will be very high, and even unbearable for you.

Extended Materials] 1. Zero down payment loans usually need to meet the following four conditions.

1.A natural person who has full capacity for civil conduct and is between the ages of 18 and 60.

2.Have a stable income and strong repayment ability.

3.Have a local hukou and be able to provide proof of identity and residence.

4.Have proof of property or other financial resources.

2. What application materials do I need to submit to buy a car with zero down payment?

1.The car buyer's ID information. If the car buyer is a husband and wife or a joint member of the family, they need to apply together and submit their ID cards and household registration booklets.

2.Proof of valid income, such as a bank statement.

3.Proof of financial resources. For example, the real estate certificate is corrupted; The original real estate certificate is required to purchase the house in full; To purchase a house with a loan, you need to provide a purchase contract, a loan contract, a purchase invoice, a mortgage repayment details, a repayment plan and a balance certificate.

3. The procedure for buying a car with zero down payment.

1.Determine the model of borrowing to buy a car; Apply for a loan to buy a car at a bank outlet, and after completing the guarantee procedures, choose a dealer to buy a vehicle that you are satisfied with.

2.make an application; After being optimistic about the vehicle to be purchased, fill in the application form for automobile consumer loan and credit status questionnaire, and submit it to the lending bank together with the relevant proof of personal situation, the vehicle's ** (opening fare), and the vehicle information parameters on the certificate (provided by the seller).

3.The bank conducts pre-loan investigation and approval.

After accepting the loan application, the bank will investigate the credit status of the borrower and the guarantor, and if the loan conditions are met, the bank will promptly notify the borrower to fill in various **.

4.The contract is signed.

Notify the borrower to sign the loan contract, guarantee contract, mortgage contract, and go through the mortgage registration and insurance procedures.

5.Loans are issued.

The bank issues the loan, which is transferred directly to the car dealer's account. Although it is relatively easy to buy a car with a zero down payment loan at the beginning and you can pick up the car without spending money, consumers still need to plan their own repayment plan to avoid being unable to repay the loan later due to high repayment pressure. In this case, it will leave a bad record of regret and affect personal credit.

It is not recommended to buy a car with 0 down payment, and the pressure of repayment in the later period is high.

Some conditions are best for buying a car with a low down payment.

Most of the vehicle loans from general banks require a down payment of 3%, and the car is mortgaged by the bank and the remaining car payment is approved. Zero down payment is derived on the basis of this business, so to speak, if you ask yourself, the major banks do not have this business, even if there is, it is for a certain car, basically like BMW, Mercedes-Benz, Land Rover and other cars, don't even think about it. And the zero down payment car derived from the 3 percent car loan, it can be said that you can buy any car you want, from hundreds of thousands of golfs to Mercedes-Benz GLK500, these can be done.

Risks of buying a car with a zero down payment loan:

1.Buying a car with a zero down payment loan may raise interest rates.

Many car dealers and lenders "cooperate" to buy a car with zero down payment, in fact, when the interest rate is implemented, the interest rate may be increased. Although the down payment is gone, the interest rate has increased, and for car buyers, the pressure of repayment after the loan is very great, and the monthly payment may be unbearable for ordinary office workers.

2.It is possible that the price of the car will increase.

This is also a more common method, and the price of buying a car with zero down payment is likely to be much higher than the price of buying a car with full payment, which is also quite uneconomical. Therefore, before taking out a loan to buy a car, car buyers can understand the price of the model they want to buy, go to a few more 4S stores, and do not say that they are taking out a loan to buy a car, so that the price of the car they ask is more real.

3.Fees may be increased.

Buying a car with a zero down payment loan will be very risky for car dealers, no one wants to do high-risk things, and if they do, they must have a certain return. Therefore, some car companies will use the method of increasing the handling fee to prevent and control the risk, and often the handling fee charged for buying a car with zero down payment loan is higher than that charged by ordinary car loans.

If you want to buy a car, go to a regular car 4S store, and don't entrust any intermediary to handle the purchase of a car. ”

Hanxi Financial Leasing (Shanghai) **** is a qualified and large-scale regular company affiliated to Shanghai Jinxi Industrial Group, with a registered capital of 100 million yuan. The business scope radiates the whole country: Yishan Jiu - Lu Lu Jiujiu - Shan Wu Wu Mountain!

Whether it's a 10% down payment or a loan to buy a car, if these people who form a contractual relationship with you are not reliable, it is very risky. Regarding the risks of buying a car with a 10% down payment, it is also necessary to truly understand and avoid these risks when buying a car.

There are several major risks associated with a 10% down payment on a car. For example, consumers cannot claim relief funds, such as if the car is defective; There is a risk that the vehicle will be seized and auctioned due to institutional problems; Or the rent is very high and the cost is really much higher.

Although there are risks, it is still possible to avoid them to protect your rights and interests, such as choosing a formal platform to handle it, and at the same time checking the vehicle more; The signing of the contract should be cautious, especially the breach of contract clause, which cannot be arbitrary; High rents are a last resort, so we can't fall into the trap of high rents.

Millions of car purchase subsidies.

0 down payment to buy a car, is there a risk in taking out a loan.

Hello at risk. Buying a car with 0 down payment needs to be paid through a loan, which means that there will be a certain amount of risk in the loan. First of all, the loan needs to bear a certain amount of interest and handling fees, which will increase the cost of the loan, and also increase the risk of the loan.

Secondly, if the lender is unable to repay the loan on time, it will lead to problems such as overdue loans, late fees, etc., which may eventually affect the individual's credit history. Therefore, when choosing a loan method for buying a car with 0 down payment, you need to pay attention to the following points:1

Choose a financial institution or auto finance company that is open to the rules of Zhengyin for loans, and avoid choosing some bad lending institutions to avoid falling into the trap of usury. 2.Carefully understand the terms and interest rates of your loan contract to make sure you can afford to make your monthly payments.

3.Make timely repayments to avoid overdue or delinquent payments, which may affect your credit history and future loans. There are certain risks associated with 0 down payment car purchase loans, and it is necessary to carefully choose the lending institution and carefully understand the terms of the loan contract, and at the same time repay the loan in a timely manner to ensure personal financial security and credit history.

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.