Do I need to pay the full amount when ordering a car?
1 Answers
You do not need to pay the full amount when ordering a car. Below is an introduction to paying in full and installment payments for purchasing a car: Paying in full: Paying in full generally does not involve additional fees such as service charges or deposits, making it relatively more cost-effective. However, the financial pressure of paying the entire amount at once is significant, and most families cannot afford it. Installment payments: Installment payments are currently the most common method of purchasing a car. After signing a car loan agreement with the bank, you typically make monthly payments over 36 months. After paying the down payment, you make monthly installments, which will include corresponding interest fees. Therefore, the total cost of the car will be higher, but the financial pressure is relatively smaller.