What is a zero down payment car purchase?

The zero down payment and 10% discount car purchase service mainly exists in the Internet car purchase platform. On the home page of an online shopping car platform, the red font slogan "Buy a new car revolution, make a thorough down payment" is huge and eye-catching. It is observed that the zero down payment products of this website are all domestic cars.

According to the description in the webpage promotion, the zero down payment threshold is very low, and the car buyer only needs to provide ID card, driver's license and credit card. Moreover, the car purchase process is very simple, which is divided into four steps: online booking, online signing of a car purchase agreement and paying the deposit, waiting for the car to be picked up and paying the fee.

However, the car can't belong to the name of the buyer. The car purchase website emphasizes that the ownership of the vehicle and license plate belongs to China before the loan is settled, and the vehicle can be transferred after the loan is settled. This means that when a car buyer pays a large sum of money every month, the car is not his own.

Extended data

pay attention to

According to insiders, the so-called zero down payment is actually a gimmick and means for e-commerce platforms to attract consumers. Although the car price, interest, etc. There is not much difference with normal mortgage loans. They will increase the actual cost of buying a car in disguise by increasing the handling fee and service fee, which can be said to be full of routines.

The routine is "unsalable car". Adding a low-end car as a high-end car and selling the stock car as a new car are common methods in zero down payment car purchase. For example, a car with a price of 300,000 yuan, after simple processing by the dealer and some configuration, rose to 390,000 yuan. According to the normal 30% down payment, consumers who buy the original car need to pay 90,000 yuan.

However, after choosing zero down payment, consumers seem to enjoy zero down payment, but they buy a car that is 90 thousand yuan more expensive than the original car, which is equivalent to deducting 30% down payment, and the loan amount is exactly 300 thousand yuan, which is equivalent to the real price of the original car.

China News Network-"Zero Down Payment" Car Purchase is a Pit. Experts advise that it is best not to choose conventional loans.