Is it true that BYD S6 cars have zero down payment?
In recent years, with the upgrading of consumption and the continuous opening of the financial market, the automobile industry has begun to appear some new ways of buying cars. Among them, the zero down payment model has attracted the attention of many consumers. Buying BYD S6 cars with zero down payment is another topic of concern. Is it true that BYD S6 cars have zero down payment? Now let's explore.
What is a zero down payment car purchase?
Zero down payment car purchase means that you can purchase a car without paying any down payment. It usually takes advantage of the cooperation between automobile manufacturers and financial institutions to launch some car purchase programs with zero down payment and low monthly supply. For consumers who want to change cars or do not have too much cash flow, this way of buying cars can greatly reduce the threshold for buying cars, so that they can use less burden to own their favorite models.
BYD S6 Auto Zero Down Payment Scheme
At present, most of the zero down payment car purchase programs in the auto market are launched by auto manufacturers and financial institutions. BYD S6 car zero down payment scheme is no exception. BYD Auto cooperated with Home Credit Consumer Finance Company to launch "zero down payment, low monthly payment, first year interest free" and other car purchase programs for consumers with good credit records. It is understood that under this scheme, the loan term of BYD S6 can be 1-4 years, and the monthly payment varies from several hundred yuan to one thousand yuan. However, it should be noted that the interest rate of such schemes is relatively high, which requires careful selection.
Advantages and disadvantages of zero down payment
advantage
① The threshold for car purchase has been raised: for consumers who do not have enough cash flow or have a bad credit record, the zero down payment car purchase program has greatly reduced the threshold for car purchase, allowing them to easily own their own vehicles.
② Strong flexibility: zero down payment car purchase mode is adopted, and the monthly contributions paid by consumers are relatively small. In this way, during the monthly payment period, consumers can invest more money in other matters (such as business funds, household expenses, etc.), increasing consumers' flexibility.
shortcoming
① Need to bear the loan interest with high market interest rate: The loan interest rate of the zero down payment car purchase scheme is relatively high, which is also the reason why banks or financial companies support this business.
② Implied a certain risk: for non-standard car buyers, they may transfer a large number of zero down payment, unsecured loans to financial companies in pursuit of commission. If consumers are in this situation and have no third-party complaint and appeal channels, they may need to take more risks in case of disputes.
summary
To sum up, BYD S6's zero down payment car purchase plan is not false propaganda, it does exist. Just like the loans provided by various banks and financial institutions, consumers should know their economic strength and repayment ability when choosing a zero down payment car purchase scheme, and choose a suitable scheme.
