What are the differences between buying a car with a loan and paying in full?

[EzraLee]

The differences between buying a car with a loan and paying in full are as follows: 1. Different fees: When manufacturers do not offer zero-interest financial policies, consumers need to bear two additional costs: loan interest and handling fees (commonly existing); there is no handling fee when paying in full during the car purchase process. 2. Different purchase times: Buying a car with a loan allows many people who are confident in their future income to consume in advance and purchase a car, which can significantly increase car sales; many people cannot afford to pay a large amount of money at once to buy a car and need some time to save. 3. Different payment items: Paying in full for a car does not require a mortgage, but you must pay: purchase tax, license plate fee, compulsory insurance, vehicle and vessel tax, and insurance is voluntary for the car owner.