Can a Full Payment Car Purchase Be Completed in One Day?
2 Answers
Full payment car purchase can be completed in one day. However, the vehicle insurance purchased does not take effect immediately after purchase, but rather after 12 PM on the night of purchase. Full Payment Car Purchase: Full payment car purchase generally does not involve additional fees, such as handling fees or deposits, making it relatively more cost-effective. However, the financial pressure of paying the full amount at once is significant, and most families cannot afford it. Installment Car Purchase: Installment car purchase is currently the most common method of buying a car. After signing a car loan agreement with the bank, it typically involves 36 months of monthly payments. After paying the down payment, monthly installments are made, which includes corresponding interest fees. Therefore, the total cost of the car will be higher, but the financial pressure is relatively smaller.
As someone who frequently accompanies friends to 4S dealerships to buy cars, I'd like to share some insights: Paying in full theoretically allows completing the purchase in one day, provided everything is ready. You need to prepare your ID card, driver's license, bank card, and other documents in advance, and clearly state your requirements to the salesperson upon arrival. Selecting the car and test driving take about half an hour, while signing the contract and making the payment can be done within approximately one hour. However, handling insurance and temporary license plates afterward might take some time. I recommend choosing large 4S dealerships for their efficient processes—typically, you can drive your new car home by the afternoon if you go in the morning. That said, if the dealership has limited stock or incomplete documents, it might extend to the next day. In short, making an appointment in advance is key to avoiding delays from queuing. I also suggest checking the vehicle's condition to prevent issues requiring repairs later. Just keep nudging the salesperson along the way.
