Is it better to get a car loan or a full loan
Buying a car has always been a topic of concern. Cars are still a must for many families. Now there are many ways to buy a car. If there is not enough money, you can still buy a car with a loan. Do you know whether it is better to buy a car with a loan or a full loan? Let's take a look at Xiaobian's analysis.
Benefits of buying a car by installments
Advantage 1: make money more valuable!
1. We all know that the depreciation rate of a new car is about 20% a year. It can be imagined that if you put 100000 yuan into the car, you will only have 80000 yuan after one year. How can you have the heart to let the hard-earned money evaporate 20000 yuan?
Which is better, a loan to buy a car or a full payment to buy a car?
2. Neglected inflation data from the National Bureau of statistics show that the annual price rise in the past two years is 8% - 10%. In other words, 100 yuan in 2016 may only be worth 90 yuan in 2017. Why not pay today's 100 yuan debt in installments with only 90 yuan in the future? Let's calculate that if we put 100000 yuan into a new car, the value will only be 100000 times after one year; 80%× 9 = 72000. Investment in new cars, annual loss of 28000!
Benefit 2: higher expected rate of return
As a businessman, I know better than anyone else: in doing business, we must rely on the help of others and their funds - integrate resources. Yes, the annual interest rate of auto loan is between 6.5% and 7% (calculated by the rate, some car owners may even feel that it is between 3% and 4%). It is necessary for us to think about whether the rate of return of our own money is much higher than the interest rate of auto loan? As a businessman, I've calculated a sum of money. Most of my business income is 30% - 50% or even higher. Compared with the annual interest rate of auto loans of 6.5% - 7.5%, it's not a cost. If it's a discount from auto manufacturers, the annual interest rate will be lower!
Buying a car in full is naturally the best choice. For the rich people who live and have proper capital turnover, buying a car in full is the best choice. But now many wage earners can't buy a car in full. They can only get loans, but the loans don't suffer as much as they think. Therefore, buying a car in full and buying a car with loans are entirely personal.