Which one is more recommended, "buying a car with full payment" or "buying a car with a mortgage"?

Additional costs for buying a car in full include purchase tax, insurance, etc. The installment fees for buying a car with a loan are mainly extended warranty fees and GPS fees. If you have been to a 4S store to drive a car recently, you will find that many cars now advertise "0 down payment for car purchase" and "0 interest installment car purchase". This kind of slogan does look very attractive. For consumers, it is a great thing to buy a car on loan without interest, but in fact, without interest, the handling fee may be as high as three to four thousand. If you think about it carefully, the interest is replaced by a handling fee. At the same time, the installment fee is also very high, and the overall price is also very high.

The most prominent advantage of buying a car outright is that you can save a lot of money. First of all, bank interest can be saved. Only 4S stores can make money when buying a car with full payment. But if you buy a car with a loan, not only the 4S store, but also the bank must make money, so you need to pay a certain amount of interest. Secondly, you can get discounts when purchasing insurance and avoid complicated expenses. However, buying a car in full requires a large investment. For people with average financial resources, there will be financial pressure and inconvenient capital flow. Current plans may be affected and even reduce the quality of life.

To buy a car with a loan, you need to go through a series of processes such as loan document preparation, submission review, credit and repayment ability investigation, vehicle mortgage registration and licensing, etc. After all these are completed before you can pick up the car, the waiting time is often longer than the whole process. It takes a lot longer to buy a car. And if you buy a car in full, especially if you have an existing car, you can drive it away on the same day. In short, if you like a car very much but don't have enough money and can't get the money from your relatives, then get a loan.

Insurance extra. Whether it is new car insurance or renewal the next year, there will be corresponding discounts within a reasonable number of accidents, but in addition to compulsory traffic insurance, you can choose to purchase commercial insurance. But once you buy a car with a loan, the 4S store will discuss the commercial insurance that will be formed before buying the car. At least four major insurances, including rape, car damage, third liability, and theft, must be paid. And the discount intensity will be reserved. It is much higher than buying the full insurance on your own, about 2,000 yuan.

I think it depends on your own situation. "If you have money, pay in full; if you don't have money, take a loan." However, in addition to the monthly repayment required to buy a car with a loan, there will also be certain parking fees, fuel fees, maintenance fees, car insurance, etc. You must consider your own capabilities to avoid excessive repayment pressure and affecting the quality of life. If you are just a working family, usually busy at work, don’t make much money, and don’t have much experience in financial management, it is best to choose to buy a car in full.