Dear car friends, today Brother Su wants to talk to you about an old and difficult problem when buying a car - whether to pay it off in full or take out a loan for 5 years? This problem can be said to be a headache for many prospective car owners, and even can't sleep at night. Don't worry, listen to Brother Su give you a good talk.
1. Buying a car in full: the pleasure and hidden pressure of one step
Buying a car in full, that feeling, double cool! Throw the money down at once, and the car will be yours in no time. The smile of the sales lady is three points sweeter than usual, and all kinds of discounts greet you. Purchase tax exemptions, insurance discounts, and real money saved!
However, there are many doorways hidden in this happiness:
1. High financial pressure: emptying the wallet at one time, this taste, who tries who knows. How many people have to smash pots and sell iron and borrow money everywhere to make up this huge amount of money?
2. Poor liquidity of funds: smash a lot of cash on the car, in case there is an urgent need for money, it is called a sour!
3. High opportunity cost: If such a large amount of money is used for investment, it may be possible to earn some pocket money.
2. Take out a loan to buy a car: It's easy to get in the car, but you have to settle the general ledger
The biggest advantage of taking out a loan to buy a car is that it is less stressful. The monthly mortgage is like an ant moving, "moving" the car home little by little. You can also keep some cash on hand in case you need it. However, there is no such thing as a free lunch! There are also many pitfalls when buying a car with a loan:
1. High interest costs: Over the years, this interest is not a small amount.
2. Repayment pressure: Repay the loan on time every month, don't forget, otherwise the overdue record will follow you for a lifetime!
3. Vehicle depreciation: When you pay off the loan, how much has the car depreciated? This is a good calculation.
3. Case Study: Xiao Zhang VS Xiao Li's car buying battle
Let's look at a practical case. Xiao Zhang and Xiao Li both fell in love with a 200,000 car.
Xiao Zhang was rich and wealthy, and he directly won the full amount, and spent 180,000 yuan on various discounts.
Xiao Li made a careful calculation and chose a loan, and in three years, he spent 216,000 yuan with interest.
At first glance, Xiao Li seems to have lost 16,000. However, there are still many unsettled accounts:
1. The time value of the funds: Xiao Zhang emptied 180,000 yuan at one time, but Xiao Li can use the money for other investments.
2. Inflation factor: 216,000 in 3 years and 180,000 now, the purchasing power is not the same.
3. Quality of life: Xiao Li drove a new car 3 years in advance, and this kind of enjoyment is not something that can be simply measured by money.
4. How to choose: doing what you can is king
Having said all this, how to choose? Brother Su gave you a few suggestions:
1. Assess the economic strength: have plenty of money, of course, the best in full. But if you're strapped for money, a loan is also an option.
2. Consider the credit status: If the credit is not good, the loan may not be approved, so you can only pay the full amount obediently.
3. Analyze income stability: If your income is unstable, the loan risk will be greater. In case you lose your job, your car may have to be taken away by the bank, and it hurts to think about it!
4. Weigh future plans: If you have other big spending plans in the near future, such as buying a house or getting married, it's safer to save some money.
5. Brother Su's soul torture: Do you really need a car?
Before you get into the question of full payment or loan, ask yourself: Do you really need a car?
If you're just commuting to work, public transportation or car-sharing may be more cost-effective. If you often need to travel long distances, or if you have elderly people and children at home, it is indeed necessary to buy a car.
Don't be brainwashed by consumerism, buying a car is not for face, but for the convenience of life. If buying a car has become a burden, it is better not to buy it!
6. Conclusion: Rational consumption, happy driving
Buying a car is a big deal, don't spend impulsively! The full amount is still a loan, there is no absolute good or bad, only what suits you is the best. I hope everyone can consume rationally, buy their favorite car, and enjoy a beautiful life with a car!
Brother Su would like to ask all riders: If you were given a choice, would you choose to buy a car in full or a loan? Feel free to share your thoughts in the comments section!
I wish you all the best in life, good health, and enjoy your success.
Disclaimer: The information in this article comes from the Internet, which is not guaranteed to be completely correct and is for reference only.