What is the difference between full payment and loan in a 4S store?

[LaEzra]

The differences between full payment and loan in a 4S store are: 1. Cost: Generally, buying insurance in the store is about 30% more expensive than purchasing it outside. However, for the BMW 5 Series, insurance costs less at the 4S store, and the insurance company also provides rebates to the 4S store. 2. Repurchase: Buying a car on installment can effectively increase potential customers. Many people cannot afford to pay a large sum of money upfront to purchase a car. Installment plans allow those who are confident about their future income to consume in advance and buy a car, thereby significantly boosting car sales. 3. Insurance: If you pay in full for the car, apart from compulsory insurance, other types of insurance can be chosen at the owner's discretion, so owners usually only buy the insurance they truly need. However, when buying a car on loan, you are required to purchase comprehensive insurance for a certain number of years as stipulated by the 4S store, meaning all car-related insurances must be bought. The duration varies by store—some require one year, others three years, with different stores having different regulations.