LET'S TALK ABOUT INTEREST-FREE CAR LOANS. IN SOME 4S STORES, THEY'LL PROMOTE AN INTEREST-FREE LOAN FOR A CAR, AND IT LOOKS REALLY ATTRACTIVE, DOESN'T IT? HOWEVER, THAT IS NOT THE CASE. THIS WAY OF BUYING CARS IS IN FACT QUITE RISKY, AND REQUIRES US TO LOOK AT A LOT OF THINGS THAT ARE CONFUSING. LET ME MOVE OUT OF THIS FOR YOU。

What do interest-free loans take care of cars? What are the risks

FIRST, REMEMBER TO LOOK FOR FORMAL LENDING INSTITUTIONS. AS FAR AS POSSIBLE, NO CAR DEALERSHIPS OR SECONDARY DISTRIBUTORS WOULD OTHERWISE BE ABLE TO PURCHASE SECOND MORTGAGE VEHICLES. THE SEARCH FOR REPUTABLE BANKS OR AUTOMOBILE FINANCE COMPANIES, THEIR RULES OF SERVICE, THE COLLECTION OF BONDS, THE INSTALLATION OF GPS, THE ENCUMBRANCE OF GREEN BOOKS, ETC. WILL REASSURE YOU。

Second, find out what the real cost of the car loan is. Is it really "silent"? It may be simply a change of face and a monthly fee. Even worse, some of the so-called interest-free car prices are really the full price as directed by the original plant, while the actual market price should be tens of thousands lower. That means you actually let the discount go, and the car was no longer on the line。

AND THEN THINK ABOUT WHETHER IT'S WORTH BUYING THE WHOLE RISK. IF YOU BUY A CAR IN FULL, YOU CAN CHOOSE THE TYPE OF INSURANCE YOU NEED. BUT IF YOU USE AN INTEREST-FREE LOAN TO BUY A CAR, YOU MAY NEED TO BUY A FULL RISK AT 4S, EVEN EVERY YEAR BEFORE THE LOAN IS PAID. AS A RESULT, AN ADDITIONAL FEW THOUSAND DOLLARS PER YEAR WOULD BE PAID FOR INSURANCE, WHICH IS NO LESS THAN AN INTEREST-BEARING LOAN。

Finally, see if there is a mandatory provision for car purchase attachments. Under some interest-free loans, you must purchase car accessories at the original price. Once this happens, you might find that the original preferential funds are spent on decoration, and there's no real preferential。

In general, it is important to make it clear that all the above-mentioned options exist before you decide whether or not to purchase a car on an interest-free loan. It is also important that you take into account your real needs and your ability to repay, and that you do not over-borrow with all the temptations to put yourself in economic distress。