Auto finance company. SAIC General Motors Finance, Volkswagen Finance, Dongfeng Motor Finance, Mercedes-Benz Finance, Ford Finance and Toyota Finance.
Procedures: car buyers do not need to provide any guarantee, as long as they have a fixed occupation and residence, a stable income and repayment ability, and good personal credit.
Down payment: the down payment ratio is low and the loan time is long. The minimum down payment is 20% of the car price, and the longest life is 5 years, without paying the mortgage fee.
Interest rate: The interest rate of auto financing companies is usually higher than that of banks.
Main advantages:
Automobile industry has long been the pillar industry of China's economic development, because the whole vehicle manufacturing industry chain is long and wide, which has a great promoting effect on stimulating economy and consumption. During the 20 19 session, the government work report emphasized the promotion of domestic demand and the stabilization of automobile consumption, which once again clarified the pillar position of the automobile industry.
Loan process of auto financing company
Loan process of auto financing company:
To apply for a loan from an auto financing company, a car buyer first needs to consult and apply for a car purchase →→→→→→→→ The auto dealer conducts a preliminary qualification examination on the applicant's loan car purchase and signs an opinion →→→→ The auto dealer re-examines the applicant's qualification and conducts a preliminary bank examination →→→→→→ After the examination is approved, the dealer signs a car purchase contract with the applicant, notifies the customer to pay the down payment for the car purchase, and handles the bank account and bank credit card for the customer →→→→→→ The customer fills in the vehicle acceptance form → handles mortgage, notarization and handling.
Basic conditions for handling loans from auto financing companies:
First of all, borrowers who apply for loans from auto financing companies must have good credit and repayment ability;
Secondly, it is better for borrowers who apply for loans from auto financing companies to own real estate.
Thirdly, borrowers who apply for loans from auto financing companies have stable jobs and stable incomes.
Introduction of auto financing company loan:
1、
CreditEase-Cheyi Loan is a loan provided by CreditEase Pratt & Whitney Information Consulting (Beijing) Co., Ltd. for car buyers. It has the characteristics of no parking, 0 expected annualized interest rate and high quota (up to 500,000).
2、
Xinhe Huijin-Cheyi Loan is an automobile loan product of Xinhe Huijin Information Consulting (Beijing) Co., Ltd., which provides mortgage and mortgage loans for car buyers.
What conditions do auto financing companies need for loans?
1. An auto financing company shall meet the following conditions: applicant's age 18 years old; Have a stable income, and the income is preferably twice or more than the monthly car loan; Good credit investigation, no bad credit record; The lender has a fixed address in the local area; Personal debt ratio is moderate and there is no large debt. In addition, the application threshold of auto financing companies is slightly lower than that of bank credit cards to purchase cars by installments. Users without credit cards can try to apply for loans from auto financing companies first. If you go to the bank for a loan to buy a car, you need to provide a bank guarantee approved by the bank. If the personal account of the car buyer is not local, it should also provide joint and several liability guarantee, and the bank will not accept the mortgage loan set by the car buyer.
2. Unregistered families have no car loans. Unregistered families refer to families without household registration information, household registration cards (permanent population registration cards) and identity cards in the national census. It is impossible to have a black car loan, because it does not meet the loan conditions of a car loan. If you are an unregistered bank or an unregistered bank, you can try to apply for a loan from a bank through a loan company or find a loan company. Loan companies usually pay less attention to personal credit and more attention to collateral.
3. Users need to meet the above conditions when applying for loans from auto financing companies. If it is a strict auto financing institution loan business, the applicant also needs to meet other conditions required by the lending institution. If an auto financing company needs to provide guarantee, the applicant shall provide guarantee or collateral. Usually, anyone with all abilities can apply for a car loan. Car loans are generally paid by credit cards in installments, and users can apply as long as the monthly payment does not exceed 50% of their income. The services of auto financing companies are transferred from offline to online, which simplifies the service process and speeds up the lending.
Other conditions stipulated by the auto financing company. At the same time, the following documents need to be submitted: the original valid ID card and proof of marital status; Proof of income; Driving license materials; Documents certifying the lawful property of other individuals; Other materials required by the auto financing company.
Who does the auto financing company ask for a loan?
What are the well-known auto financing companies in China?
Car buyers can choose auto financing companies to handle car loans. When car buyers apply for car loans, they should weigh the expected annualized interest rate of loans, loan speed and other factors. Compared with small auto financing companies, big and well-known auto financing companies are more trustworthy for car buyers.
Top Ten Auto Finance Companies in China
1 Beijing Hyundai Motor Finance Co., Ltd.
2 Mercedes-Benz Auto Finance Company Limited
3 Chongqing Automobile Finance Co., Ltd.
4 FAW Automobile Finance Co., Ltd.
5 GAC Huili Automobile Finance Co., Ltd.
6 Ruifude Automobile Finance Co., Ltd.
7 SAIC General Motors Finance Limited
Volkswagen Finance (China) Co., Ltd.
Toyota Motor Finance (China) Co., Ltd.
10 Shenlong Automobile Finance Co., Ltd.
Introduction of auto financing company loan:
CreditEase-Cheyi Loan is a loan provided by CreditEase Pratt & Whitney Information Consulting (Beijing) Co., Ltd. for car buyers. It has the characteristics of no parking, 0 expected annualized interest rate and high quota (up to 500,000).
Xinhe Huijin-Cheyi Loan is an automobile loan product of Xinhe Huijin Information Consulting (Beijing) Co., Ltd., which provides mortgage and mortgage loans for car buyers.
What are the company names of the car loan platform?
Car loan platform companies are: SAIC-GM, Volkswagen, Dongfeng, Mercedes-Benz, Ford and Toyota.
Automobile industry has long been the pillar industry of China's economic development, because the whole vehicle manufacturing industry chain is long and wide, which has a great promoting effect on stimulating economy and consumption. During the 20 19 session, the government work report emphasized the promotion of domestic demand and the stabilization of automobile consumption, which once again clarified the pillar position of the automobile industry. Auto finance means that when consumers need a loan to buy a car, they can directly apply for preferential payment from auto finance companies, and they can choose different models and different payment methods according to their personal needs. Compared with banks, auto finance is a new choice for car purchase. At present, there are five ways of personal automobile consumption loan: bank, auto financing company, auto factory finance company, credit card installment car purchase, and auto financing lease.
1) bank car loan
Procedures: you need to provide household registration book, real estate license and other information, and usually you need to use the house as collateral, find a guarantee company to guarantee, and pay the deposit and handling fee.
Down payment: Generally, the down payment is 30% of the car price, and the loan period is generally 3 years. Need to pay a deposit of about 65,438+00% of the car price and related handling fees.
Interest rate: the bank's car loan interest rate is determined according to the bank's interest rate.
2) Auto Finance Company
Procedures: car buyers do not need to provide any guarantee, as long as they have a fixed occupation and residence, a stable income and repayment ability, and good personal credit.
Down payment: the down payment ratio is low and the loan time is long. The minimum down payment is 20% of the car price, and the longest life is 5 years, without paying the mortgage fee.
Interest rate: The interest rate of auto financing companies is usually higher than that of banks.
Companies: SAIC General Finance, Volkswagen Finance, Dongfeng Motor Finance, Mercedes-Benz Finance, Ford Finance and Toyota Finance.
3) Automobile Factory Finance Company
Procedures: You need to provide mortgage guarantee for the purchased vehicle. The applicant should have a stable occupation, domicile and repayment source, and have a good credit record.
Down payment: the minimum down payment is 20% of the car price, and the longest period is 5 years.
Interest rate: The interest rate is usually slightly higher than that of banks and slightly lower than that of auto financing companies.
Companies: SAIC Finance Company, FAW Finance Company, GAC Huili, etc.
4) Buy credit cards in installments
Car purchase by credit card installment is a credit card installment business launched by banking institutions. The credit limit that the cardholder can apply for is 200,000-200,000; There are three stages: 12 months, 24 months and 36 months. There is no loan interest rate for buying a car by credit installment, and the bank only charges a handling fee. The handling fee rate is different in different installments.
5) Car financing lease
Financial leasing is a modern marketing method that relies on cash installment payment. On this basis, it introduces the separation of ownership and use right in leasing services, and the ownership is transferred to the lessee after the lease ends.
Procedures: the threshold is low, no mortgage is needed, and non-local accounts are also acceptable.
Down payment: the down payment ratio is low and the loan time is long. The minimum down payment is 20% of the package price (vehicle purchase tax insurance), and the longest period is 5 years, without paying the mortgage fee.
Interest rate: Financial leasing companies customize different interest rate schemes according to different customers and modes. Usually higher than banks, but some models have manufacturers' support policies, which can reach the lowest market price.
Property right: There are two ways: direct lease and leaseback. The property right of the direct-rental car belongs to the financial leasing company, and it will be transferred when the lease expires.