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Is it safe to buy a car with 0 down payment?

Blog 5个月前 (11-17) 30 Views

Is buying a car with 0 down payment a scam? Yes, it is like pie in the sky, and many dealers will offer zero down payment activities for customers in various forms. But we all know that any purchase requires a down payment. A typical example is buying a house. Because neither developers nor manufacturers can afford any risks. So we have reason to believe that any zero down payment is based on an invisible scam. Of course, there are reasons for it, and the deceptive tricks can be found if you think about it carefully. Some people with zero down payment may only lose money, but for some car owners, the losses are often more infuriating than money. So let’s talk about the specific process of buying a car with zero down payment. Since many businesses will advertise zero down payment when falsely advertising, and combined with the fact that many car owners are strapped for money when purchasing vehicles, the two hit it off. In order to better "serve" users, manufacturers will specifically help customers apply for materials, make mortgages, find opportunities, etc. It seems that the service is perfect, but in fact the car owner's nightmare has just begun. After all the materials and procedures are completed, the car owner will be required to go through various procedures and pay various unreasonable benefits or handling fees. Many unscrupulous merchants force car owners to give up or break the contract on their own. Their ultimate goal is to leave customers without any ability to repay. When the car owner defaults, the merchant takes over all the car owner's loan and vehicle ownership, the car belongs to them, and the upfront fees are also collected. The most important thing is that some car dealers do not have credit qualifications at all, but they take consumers to get credit qualifications. The dealer handles the installment loan business. Dealers take advantage of the complexity of loan procedures and calculation methods to deliberately shorten the repayment period, causing consumers to "default" and then defraud them of extra money. The most important thing is that buying a car with zero down payment may be a strategy adopted by some manufacturers in order to catch a cold or occupy the market. But what is more clear is that car owners spend more money, and when merchants sign contracts, they are often deceived by the infinite possibilities of contracts. When there is doubt, the merchant relies on the contract to require the car owner to spend more unjust money to pay the bill. Suggestion: You should find a regular and qualified bank for a car loan, and don’t trust the merchant’s own lending institution. Because often the disadvantage lies with their own lending institutions. If the stipulations in the contract are unclear, be sure to check with the salesperson in time. If you want to be stable, don't believe in pie-in-the-sky stories, because there is no pie-in-the-sky story in this world. Even if there is, it is only for a small number of people, but they bear more risks.