Which is more cost-effective, paying in full or taking out a loan for a car worth 200,000 yuan? Why is the insurance and handling fee more expensive when taking out a loan?

Buying a car is also a big event in life. For a 200,000 yuan car, the price of a loan may be the same as the full price, or it may be lower than the full price. Many car owners want to know which is more cost-effective, the full price of 200,000 yuan or the loan? Let's read the article below to find out!

Which is more cost-effective, a car worth 200,000 yuan in full or a loan?

Let's first look at the full payment of a car. If you buy it in full, a 200,000 yuan car, plus insurance, car purchase tax and license fees, the overall price should be around 230,000 yuan. The most expensive part is the car purchase tax. After all, the car tax for 200,000 yuan is not cheap, about 15,000 yuan.

If you buy a car with a loan, the money is completely different. The 4S shop charges fees for car loans: handling fees, warehouse fees, service fees, GPS installation fees, and high license plate fees. These fees added together are estimated to be several thousand yuan higher than the full price of the car. In addition, the loan also has interest, which is where the highest cost lies.

Therefore, if you buy a car with a loan, the overall price will be 20,000 to 30,000 yuan higher than the price of buying a car with full payment. Therefore, buying a car with full payment will definitely be more cost-effective than buying a car with a loan.

Why do car loans cost more in insurance and fees?

The price of a car is the same, why does the insurance and handling fee for a car loan cost more than the full payment? When buying a car with a loan, the insurance is more than the full payment because you need to purchase fire insurance and theft insurance. Some 4S stores may also require you to purchase other insurances. As for the vehicle handling fee, generally speaking, the 4S store charges 3 to 4 percentage points of the loan amount. If you simply negotiate this handling fee with the sales consultant in the store, it is actually very difficult because there are requirements. If you do not charge the handling fee, the sales consultant of the 4S store may face the risk of being fined.

Why do some people say that it is more cost-effective to buy a car with a loan?

The interest and various fees for a loan will be higher than paying full payment, but a loan is still more cost-effective than paying full payment!

Why? Because there is an inflation rate every year, which means that money is constantly depreciating. Friends who are considering taking out a loan must be because they are short of money now, so a loan is a very cost-effective choice.

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In general, if the price of a car is 200,000 yuan, buying it with a loan will cost at least a few thousand yuan more than buying it in full. If you add interest to the loan, it will cost at least 10,000 yuan more. Some people may say that buying a car in full is not better. To be honest, both buying a car in full and buying a car with a loan have their pros and cons. If your funds allow, you can buy a car in full, but some people really need a car, but do not have enough funds. They can use a loan to buy a car to meet their car needs.