Is it appropriate to buy a car in full or in installments? What is the difference between full payme

I think it's more appropriate to buy a car in full. Because after buying a car in full, you will have a more stable feeling in your heart. After paying in installments, you need to make regular monthly payments.

So there's a lot of pressure in this situation.

Many people will choose to choose the way to buy a vehicle according to the funds in their hands. Therefore, in this case, it has become a relatively common phenomenon to buy a vehicle in installments and buy a vehicle in full. And for most people who don't have enough money, paying in installments also becomes an advantage.

It is more appropriate to buy a car in full.

Although when we are buying a vehicle, the salesperson in the 4S store will recommend the advantages of buying the vehicle in installments. But in this case, we should choose to buy the car in full. Because by buying a car in full, you will not have financial pressure after buying a car, and you will not need to make regular monthly repayments.

After all, there is not a big difference between the amount of money you pay for a car in full and the amount you pay for it in installments. <>

The difference between full payment and installments.

Full payment refers to a lump sum payment for the vehicle**. Instalment payment means that after the corresponding down payment is paid, the remaining balance is repaid according to a specific amount each month. Therefore, after buying a vehicle in full, it will generally give consumers a sense of stability in their hearts.

However, once you own a car in installments, you can put a lot of pressure on yourself because of slow things. Therefore, most people are reluctant to choose to buy a vehicle in installments. <>

My personal opinion

In the end, I personally think that when everyone buys a car, the state of the funds in their hands is different. That is to say, when the funds in hand are relatively sufficient, it is more appropriate to choose the way to purchase the vehicle through full payment. But when you don't have enough money in your hands, you also need a car of your own.

In this case, it is also a good option to buy a vehicle by paying in installments.

I think it's best to buy a car in full; Buying a car in full is a one-time payment, and you don't need to pay the loan every month in the future, and you also need to pay the loan every month after buying the car in installments.

I think the full payment is the best, the difference is that the installment has more interest than the full payment.

I think you can choose the way of analysis, because it can relieve your stress and make your family life easier. The payment method is different, the interest generated is different, the purchase process is different, and the process that needs to be handled is different.

Most of the 4S stores have hard sales indicators, especially popular models and brands, such as Lexus, Honda, Toyota, BBA, etc., many will also require mortgages for hot-selling models, to put it bluntly, there is no profit to buy a car in full to calculate the account for you, you know which is the best deal between the installment and the full amount, at present, the installment is mostly divided into interest-free and bank interest-bearing mortgage, a car of about 100,000, if you choose to installment, basically about 2000 to buy your own handling fee can not be hidden, and some will not bargain, Plus miscellaneous expenses such as service fees may be pit more than 5,000, in the calculation of your insurance, decoration film mats and other gift items are not worth at all, hundreds of costs, your car profit alone may be tens of thousands of yuan.

If you choose an interest-bearing loan, the interest is based on the construction bank, most of the monthly interest is about three miles, it is already a relatively low car loan interest on the market, half of the mortgage down payment, even if the loan is 50,000, the annual interest is more than 1,500, and the interest on the longest five years of the long mortgage is 7-8000, but the bank's repayment process is more convenient, you can repay the loan at any time, and no longer pay liquidated damages and interest after repayment It is indeed more friendly to buy a car if you are not rich, of course, I am only talking about a loan of about 100,000 for a car of 50,000, A large number of young people buy cars with a low down payment, and the loan interest of hundreds of thousands can be imagined.

Even if it is interest-free, the handling fee and the later discount of the product are actually not worth it, just like buying a mobile phone in installments, no matter how fast the price drops, you have to pay according to the original price, and the psychology is not happy, and most of the mortgage new cars are mandatory to buy theft insurance, less than one or two thousand, more than tens of thousands, you think about it yourself.

On the contrary, the full amount is in place in one step, most of the service fees are over, many auto trade companies do not charge, and the insurance does not have the statement that theft insurance must be bought, ordinary people, do not need a large amount of capital flow and do not do business, the mortgage is really not necessary, unless you have a lot of money or do not mortgage some stores do not sell cars, the above is a personal opinion, do not like to spray, I hope it will help you.

There is no interest fee, handling fee, GPS positioning fee, etc., but if you buy a car in installments, you also have to pay purchase tax, license fee, vehicle and vessel use tax, compulsory traffic insurance, insurance premium, etc. Of course, the last thing to say is that you can directly get the green book of the motor vehicle when you buy a car in full, and if you buy a car in installments, the green book of the motor vehicle is mortgaged at the DMV, and you need to repay the loan to get it.

Buying a car in installments is more expensive than buying a car in full. Take my small broken car as an example, the ** of the vehicle invoice is less than 4000 plus the purchase tax, so it will be calculated according to 4000, and the first year of the new car should be fully insured, just 5000. Then there's your hit cost of 500 to the top.

Summing up. Again, calculate the cost to be added, and there is interest. Loan handling fees, pressure money.

My down payment is 30% for three years. The down payment is 41770, the monthly payment is 1700, it will be repaid in 3 years, and the leg renewal deposit will be 1000 after the repayment. The loan amount for this car is 101970

In total, it is 16,670 more than buying a car in fullWhat to buy early and enjoy early, don't talk nonsense.

Buying a car in installments will be mortgaged in the bank, buy the car in full, everything will be handed over in full hand, nothing else is different, and interest will be repaid in installments.

The difference between the two is mainly reflected in the different ways of capital turnover, installment is the use of loan funds for turnover, while full payment is the need to use their own funds for turnover.

When buying a vehicle, what is the difference between installment and full payment.

What is the difference between buying a car in full and buying a car in installments?

The main differences between buying a car in installments and buying a car in full are:

1.Depending on the payment method, there will be a mortgage handling fee for instalments, while there is no handling fee for full payment.

2.If the economy is tight right now, installments are the best option, and you can't buy a car now with full payment.

3.The mood is different, if you buy a car in full, there will be no pressure later, and there will be payment every month after the installment.

The most intuitive difference between buying a car in installments and buying a car in full is that there is no interest and handling fee for buying a car in full, but there is a handling fee and interest for buying a car in installments.

With the improvement of Zheng Zhi's economic level, buying a car is no longer far away for us, when we have enough economic conditions to buy a car, whether to choose that way to buy a car has been entangled in some people, whether it is a mortgage loan to buy a car, or to buy a car in full Everyone holds different opinions of Xiang Congchang, because the cost of buying a car is still not small, and it is still difficult for most people to pay it at once, but is it worth it after buying a car with an installment loan? Let's answer this question in detail today!

First: 0 down payment and 0 interest rate, but the handling fee is high.

We often see 4S stores do activities to post 0 down payment 0 interest rate loan to buy a car, this kind of activity will generally be very high, generally the loan to buy a car will have a handling fee, in about 3%, if you buy a car of 100,000 yuan, then the handling fee alone will have to pay 3,000 yuan, secondly, after your down payment of 3 percent, 36 installments of repayment will also pay loan interest.

According to the repayment period of 36 installments, you need to pay the principal 70,000 (principal) + 7,000 (interest) = 77,000 yuan, so if you want to take out a loan to buy a car of 100,000 yuan, you will have to pay an extra 10,000 yuan in handling fees and interest.

Second: buy full insurance.

If you take out a loan to buy a car, you need to pay a certain insurance deposit to ensure that you have been buying vehicle insurance at the 4S store before the car loan is repaid, and it is fully insured. You must know that part of the profits of the 4S store are rebates from the insurance company, even if the general insurance salesman has a commission of more than 40%, not to mention this kind of 4S store with a cooperative relationship.

If the economy allows, it is still a good return to the full amount of the bird's head.

1.Accompany Wang Sen to pay for the car.

Buying a car in installments is more expensive than buying a car in full, such as interest and handling fees. However, at present, there are many car loan products on the market that consumers can choose from, and many manufacturers or dealers will also propose activities similar to two-year interest-free and three-year low interest rates. Buying a car in installments requires financial management or related preparations, considering whether the annualized income rate can exceed the annual interest rate of the loan.

But if you don't have that much money to buy a car, buying in installments is also a good option.

Pay attention to the following when buying a car in installments:

1) Try to buy a car in a 4S store, and don't go to an informal car dealership or seller. Because the 4S store is subject to the manufacturer's restrictions, it is very reassuring.

2) It is also safe to find financial companies from formal institutions, large banks, and affiliated manufacturers for loan installments. Try not to look for a loan company, which can easily turn into a loan shark. If a dealer collects a deposit and compulsorily installs GPS, you need to ask for a pledge of the green book and advocate for a new one.

This kind of loan company is the one.

3) If there is a mortgaged car registration certificate, it needs to be mortgaged at the DMV, not at a 4S shop, car dealership, or lending institution.

4) If you buy a car at a fairly low **, you can choose to buy it with a credit card, or go to the bank for a small loan, which will be a little more cost-effective than in a 4s store.

2.Buy a car in full.

If there are enough funds, it is more cost-effective to buy a car in full than to buy a car in Lingqing in installments, and there are no superfluous matters to deal with in the follow-up.

Buying a car in installments or in full? It depends on your own economic situation.

For the full payment or installment, the most important thing is to look at the money on yourself. If you have enough money and don't have anything else to do, it's best to buy a car in full, because one of the biggest advantages of buying a car in full is that the car is completely yours. You can buy when you want, and it's free.

Buying a car in full will not be too harsh on the purchase of insurance, and you can choose according to your own needs, and there will be no loan to buy a car, forcing you to take full insurance. Finally, one of the major advantages of buying a car in full is that it is convenient, you don't have to go to the bank to repay the loan on time every month, and you don't have to worry about repaying the car loan.

Advantages of buying a car in installments

For example, buying a car in installments can prevent depreciation, because the bank has already paid the money for you, and you only need to pay back the bank's fixed money. However, for the salesperson, the full sale of a car is only 2,000 yuan, if you do not choose to buy commercial insurance in the 4S store, then the salesperson has no commercial commission.

Therefore, selling a car in one or two installments is equivalent to selling several cars with full payment. It can't sell so many cars in a month, so the sales staff hope that consumers will buy cars in installments. In general, which consumption method is the most cost-effective should be determined according to the income of your living family, and if you are financially well-off, it is still very cost-effective to buy a car in full.

Indeed, some people think that it is more cost-effective to buy a car in full, and you can save at least tens of thousands of dollars when you buy it, and some people feel that buying a car in installments is not much expensive, especially with the depreciation of the air freight of the currency, it will be more meaningful to buy a car in installments. So the question is, which is more cost-effective for a car of 100,000 yuan, installment payment or full payment? Once you've done the math, you'll understand.

Buying a car in installments is definitely more expensive than buying a car in full, there is no doubt about this, so if you have the economic strength, then it is recommended that you buy a car in full, if the family conditions are average, the pressure in a short period of time is relatively large, then the installment payment is also possible, the disadvantage is just a little more money, as for how much, we will take a car of 100,000 yuan to calculate.

First of all, we have to know that a 100,000 yuan car, such as a one-time 100,000 full payment, then the rest of the cost of insurance and licensing fees, under normal circumstances, a 100,000 yuan of new car insurance a year is about 4,000, plus their own license about 200 yuan can get things, the overall is 10,000 yuan, that is to say, the total cost of the whole process will not exceed 10,000 yuan.

Secondly, let's calculate how much it costs to buy a car in installments, buying a car in installments is generally a down payment of 30%, and buying a car in 3 installments, then 100,000, the down payment of the car is 30,000, and the remaining 70,000 is divided into three years, according to the current market interest rate, the monthly repayment is about 2400 yuan, then one year is 10,000 yuan, and the total amount of the car loan for three years is a total of 10,000 yuan, and then we pay 30,000 yuan when we buy a car statistically, and all the expenses add up to 10,000 yuan.

It's not over here, because buying a car in installments, there will be some extra fees to calculate, that is, the handling fee of the 4S store to help with the loan, under normal circumstances, the 4S store will charge a handling fee of 1000 yuan, and at the same time, for the quiet customers who buy a car in installments, the full insurance of 100,000 yuan for a new car will generally be about 5000 yuan. For the license, the 4S store will probably charge about 1,000 agency fees, and these miscellaneous things are about 6,000 yuan, so we can conclude that the total cost of buying a car of 100,000 yuan in installments will be 10,000 yuan!