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Is it more cost-effective to buy a car than a full payment?

Time: 2017-01-19         Source: Financial 360 finishing         Author: 360 Financial consolidation

ForLoan to buy a carAnd what is more cost-effective to buy a car in full payment?personal loanThe purpose of buying a car is to reduce the pressure on income. Some of it is for cash flow, and some of it is purely for financial management. In general, whether the individual's total income is greater than the expenditure. Of course, the precondition for choosing a full payment to buy a car is that you have enough funds. If you can pay for the expenses you need, this will undoubtedly be the best. Not only is savings on interest from loans, but more importantly there is no economic pressure from loans.

At present, when car dealers launch auto loans, “saving and flexibility” is its main promotion point. So, can this kind of loan method really bring benefits and convenience to consumers? According to experts in fast-moving loans and auto loans, car loans generally require consumers to pay "costs."

For example, although interest-free car loans have been reduced to some extent,Loan carThe interest and fee expenses, but industry sources said that because the car is still owned by the bank before the consumer pays off the loan for the car, the bank will propose measures to protect the risk and allow consumers to purchase insurance, so that the car insurance The company's insurance business made a fortune. If consumers choose to use a mortgage to buy a car, they are expected to obtain a low down payment, long term, low interest rate car loans, but they may have to pay real estate appraisal fees and insure the mortgaged house. There is, if you choose to buy a mortgage, then consumers can not enjoy the discount at the same time. Therefore, the difference is that there are advantages and disadvantages in the method of loaning a car. If you are prepared to buy a car for a loan, you can choose the method of loan according to your actual situation. This is the best option for you.

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