What are the "traps" for buying a loan?

When buying a car, although many financial companies are offering preferential policies such as interest-free car loans, it does not necessarily mean that he is doing business at a loss. Because this is just a promotional tool for them, it seems that we have taken advantage of it. In fact, the biggest profiteers are themselves. Why do you say that? Let's talk about the loans to buy a car.

1 fee

When buying a car in a 4s store, some salespeople will say that the loan is more favorable for buying a car, and the salesman says that the installment payment is free of interest. But in fact there will be a part of the fee, and the overall cost and interest rates are almost the same. Therefore, nothing can be said about interest-free. It is only a blind man. And these fees are just a means to get profit from 4s shops, because most lending institutions only charge interest and there is no fee.

2 compulsory auto insurance

If the user chooses a bank loan to buy a car, it means that the ownership of the vehicle belongs to the bank before the bank loan is paid off. In order to reduce risks, banks generally propose some auto insurance contracts that you must purchase as loan terms, and these auto insurance premiums may be much higher than normal outside.

3 original car purchase

Some financial institutions will promote their products with real interest-free and fee-free fees. In fact, they do not actually charge interest and handling fees. However, when the vehicle is purchased, it is not calculated at the preferential price, but is calculated using the original price of the car. For example, if you buy a car with 200,000 or so, it will virtually cost more than 20,000 yuan.

There are both advantages and disadvantages to buying a loan. The key is to pay more attention to various attachment clauses when buying a car for a loan, and then make comparisons and choose the one that suits you best.