It is already at the end of the year, and the car market will be particularly hot at this time of the year. Because many people will apply for a car loan at this time. So, is there any need to pay special attention when handling auto loans?
Note 1: Interest-free car loans are inevitably
Now many auto finance companies have introduced interest-free car loans, but in terms of handling fees, Different regulations, some need to charge a fee, and some do not charge a fee. If the model you want to buy is interest-free and free of charge, then it is more affordable. If you need to charge a fee, you must calculate it carefully. The handling fee for car loans is generally between 4% and 7% of the total amount of the car, and the handling fee is paid in one lump sum at the same time as the first monthly payment. If the handling fee is too high, then other car loan types may be considered. .
Note 2: Read the relevant insurance clauses carefully before handling the loan purchase procedure.
Loan purchase means that you are mortgaged to the bank before you pay the bank loan, which belongs to the bank. In order to reduce the risk, banks generally require you to purchase some auto insurance as a condition for the loan on the car loan contract. The premiums for these insurances may not be exactly in line with your requirements, and may even be too high, so you must read the relevant insurance terms carefully when applying for a car loan, and you should not ignore this expense.
Note 3: Zero interest rate loan purchase limit of more than 100,862,100,861 Many manufacturers of car loan institutions have launched interest rate loans to buy cars, especially some high-end cars. However, there are two restrictions on the general interest rate loan car purchase: First, the zero interest rate car purchase can not enjoy the cash discount of related activities, and sometimes the amount of these cash concessions is quite large; second, the interest rate loan car is easy to be affected by time and geographical distribution. The restrictions on business are not always unified activities. If you want to buy an interest rate loan, the above two aspects must be considered together.
Note 4: Before considering the loan purchase procedure, seriously consider the floating car loan and loan interest rate
Generally speaking, if it is an interest-free loan, then the total car payment will have a certain percentage of the rise, the price of the current car purchase and loan purchase cannot be the same.