When you buy a car at a 4S dealership (4S 店), don't pay a “financial service fee” (金融服务费), and you don't have to arrange insurance, a loan or plate registration through the store
- High value
- Evidence B
- Saves money
- Free
- Takes minutes
- No willpower
In plain words
If the store says arranging a loan costs an extra “financial service fee,” the rules do not allow dealers to charge it. You can go to another provider or arrange the insurance, loan and plate registration yourself; the store cannot force you to do them with it, and cannot charge anything beyond the listed price. Before taking out a loan, have the other side write down the annualized rate and all the fees, and compare.
Mentioned in
Translated from the Chinese original. Original book, section 5, tip 49. This section is about money and spending. It is general information, not financial or investment advice. Content may be out of date and rules differ by place. When you actually deal with an agency, a doctor or a court, follow what local officials, doctors and lawyers tell you. Disclaimer