Regarding the "10% down payment" to buy a car, the editor mentioned in many previous articles that the "10% down payment" is essentially a car financial leasing, and the domestic model is mostly rent-to-buy. In the previous article, I wrote an article on rent-to-buy. The editor compared the classic foreign Lease car model with the new domestic rent-to-buy model. In general, the domestic rent-to-buy model follows the foreign Lease model, but in terms of business flexibility and consumption The needs of the users are different. The editor will delve into the details of the car rental and purchase model, and talk about a problem that everyone is generally concerned about - "10% down payment" to buy a car, after picking up the car, what should I do if the car has an accident during the repayment period?
Before entering the topic, let's review the concepts of foreign Lease cars and domestic financial leasing, and then we can also compare the foreign Lease car business when answering the above questions.
Back to the topic of "what to do if the car has an accident during the repayment period after picking up the car", the repayment period here only refers to the repayment period before the consumer officially transfers the car to the personal name, and this period is still a lease. During the period, consumers only have the right to use the car, and the ownership of the car belongs to the leasing agency. During this period of time, who is responsible for the accident of the car and how to deal with it? What is behind this actually involves who configures the insurance of the car in the rental and purchase business, how to configure it, what is the process of car maintenance and insurance claims, and where Issues such as the rights and obligations of both the consumer and the leasing agency during the lease period.
We might as well compare it with the foreign Lease car business and see how the domestic rental-to-buy business is doing in this regard.
Requiring consumers to buy high-value insurance is on the one hand to protect consumers, and on the other hand, to protect the property of the car dealer. After all, the ownership of the car still belongs to the car dealer during the lease period. In addition, the American Lease car also involves an important insurance called difference insurance.
It can be seen that in addition to the down payment and monthly payment for a Lease car in the United States, there is a huge hidden cost, that is insurance, and the cost of insurance may be far beyond imagination, especially when you Lease is a good car. Even in the case of luxury cars, insurance premiums have risen sharply, and the cost of Lease cars is not too low. So what is the situation of rent-to-buy in China?
In the previous article, the editor mentioned that domestic auto financial leasing “players” include not only OEMs, dealers, but also Internet departments and other institutions. Different "players" have different business rules. On the issue of vehicle insurance protection, the first-year insurance is usually configured by the leasing agency, and there is no need for consumers to purchase it personally.
On the basis of this insurance, can consumers ask for additional insurance, how to deal with accidents during the rental period? How to get insurance in the following year, etc. We might as well explain these questions one by one in a question-and-answer format.
1. Can consumers add additional insurance to the car?
Basically, at present, domestic leasing agencies all stipulate that consumers can increase insurance according to their needs, but the additional cost is borne by consumers themselves.
2. If an accident occurs in daily use after picking up the car, how to get out of danger and how to maintain it?
Take Ping An Auto Butler as an example. At present, consumers need to find a repair shop for repairs by themselves when they are in danger. Consumers pay the maintenance costs in advance, and then they can ask Ping An Auto Butler to settle claims, and Ping An Auto Butler applies to the insurance company for compensation. Some leasing agencies will also designate maintenance points, and Ping An car steward also said that a pilot project will be carried out in the future, and customers can go directly to the designated repair shop for processing.
3. If the accident loss exceeds the insurance coverage, how to deal with it?
Basically, at present, domestic leasing agencies will stipulate that if the vehicle is in danger during the leasing period and the loss is within the scope of insurance claims, the leasing agency will bear all the losses. Like the case written by the editor before, the entire responsibility for the Rolls-Royce is that the repair cost is as high as 1.4 million, and the three-party insurance coverage is only 1 million. The remaining 400,000 "pot" can not be thrown to the rental agency, only Consumers are on their own.
4. How to deal with the second year and subsequent warranty?
Basically, the current leasing agencies will stipulate that the renewal of the second year and later will be borne by the consumers themselves.
The relevant regulations of each rental agency are subject to their official information. After talking about this topic, let’s go back to the “10% down payment” to buy a car. I believe that friends who are interested in this model are most concerned about the following three issues: Is the “10% down payment” down payment ratio really low? Whether the cost is really high and whether it is easy to handle and so on. We might as well take the 2019 Lavida 1.5L automatic comfort model currently popularized by Ping An Car Manager as an example, and compare the rental and purchase plan with the traditional loan car purchase plan.
From the above table, it can be clearly seen that the down payment by renting and purchasing can be lower, which is suitable for people who are temporarily short of funds or who do not want to buy a car and take up too much cash; the purchase tax, first-year insurance and Licensing, etc. are all undertaken by the leasing agency, which saves consumers a lot of time and is relatively more convenient; in addition, the installment period can be longer, and the method of transfer is more flexible.
It is undeniable that compared with the traditional loan installment, the total cost of purchasing through rent is still slightly higher, which is also a point that is often criticized by the way of purchasing through rent. However, this method still helps many consumers to solve the problem of buying a car, especially this method has a very low application threshold, usually only two certificates and one card are required, no need to provide bank statements and other materials, and the approval rate is also very high. It gives some consumers the opportunity to buy a car with a low down payment and a low monthly payment.
Written at the end: As a financial car purchase method that has been mature in foreign countries for many years, renting and purchasing can provide many people with car purchase needs with low threshold for car purchase convenience. With the upgrading of consumption, consumption methods are becoming more and more diversified. of people will increase. The rental and purchasing method is still an emerging financial car purchase method in China. There are many disputes about this business. The editor suggests that everyone may treat new things rationally. You are welcome to leave a message in the comment area, and I hope to provide meaningful opinions and opinions.
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