Whether it is cash loan or campus loan, the root of its evil lies in using confusing marketing means to induce users who have no spending power to borrow at high interest rates regardless of risks.

And "down payment 10% to buy a car" is like a replica of a cash loan, which uses some marketing methods to make the vision very poor. Summarize these methods:

1, low down payment, you actually rented a car in the first year, but compared with the regular internet car rental, you will find that there is no down payment at all, but the car rental requires a deposit, which is refundable; However, after returning the car 1 year, the down payment will not be refunded.

2, the price of the car, the tricky thing is that "the manufacturer guides the price to sell the car", and the price of the car of the general dealer is basically lower than the manufacturer's guide price. Moreover, the more some cars and inventory extrusion cars are not mainstream, the higher the discount will be. And these cars occupy a large part of the inventory of car and edamame new car network. These cars are rented by stages at the "manufacturer's guide price", and the profit margin can be imagined.

The biggest scam is the final car loan interest rate. The one-year buyout rate is above 20%. However, if the four-year interest is calculated according to the total cost and the total car price, the annualized rate is about 10%. In fact, the car was purchased directly in the 4S shop, with a down payment of 20% and an annualized rate of about 5%.