Is it better to pay in full or in installments for buying a car?

There are advantages and disadvantages depending on individual circumstances:

there may be short-term economic pressure on the full payment, but there is no worries about one transaction. ?

Installment payment can alleviate the economic pressure, but the procedures are complicated and require proof of funds, and a guarantor is needed for those in other places. There is extra interest, and you have to pay full insurance every year before you pay off the loan! ?

There is another method. If the credit card amount is large, you can use the credit card to pay the full amount for a car, and then apply for installment repayment from your bank, which requires a handling fee, which is similar to the loan interest. There is no extra interest. But no one forced you to teach total insurance. Autonomy is better.

Advantages of buying a car in full

The biggest feature of buying a car in full is to save money and worry;

if you buy a car in full, you will save a sum of interest money compared with your mortgage. Moreover, you don't have to "ding" a short message every month, saying, "So-and-so, you owe us a lot of money, and then you have to pay it back." This will make you feel much better and the total cost will be lower.

Moreover, the pleasure of buying a car will be better. I spent a sum of money to buy this thing, which belongs to me. This feeling of ownership and possession is very good.

Advantages of buying a car by installment

What about mortgage? Relatively speaking, this experience is not necessarily the best, but why do so many people do mortgage?

First of all, the biggest feature of mortgage is its flexibility.

On the other hand, my budget is exactly the same. If I buy it with a mortgage, the 6% or 7% money saved by me can basically be used for stock speculation, investment, opening a shop and doing business.

if the income generated by these funds can exceed the interest of your mortgage loan, it is a very cost-effective behavior.

especially friends who do some business, you don't want to purchase goods, turn around and accept bills. You sometimes have to make loans when you turn around.

The loan from that bank is not so good, and the interest is more expensive than the car's. Why don't I spare some money when I buy a car to do business?