Recently, Zhejiang Province launched a comprehensive evaluation of the qualifications of financial institutions and severely cracked down on unlicensed lending business. At the same time, ordinary consumers should also raise their awareness of prevention and avoid double loss of car money.
(Data from: China Judgment Document Network)
It is difficult to get out of the trap and it is basically impossible to stop loss in time.
Automobile mortgage mode is one of the modes of "routine loan". Unscrupulous merchants use the guise of zero down payment, low interest and no mortgage to trick consumers into signing various contracts that are obviously unfavorable to them, and then seize vehicles on the grounds of abnormal GPS positioning by fraudulent means such as making money and running away, arbitrarily identifying breach of contract, and forcibly demand high fees, and finally achieve the purpose of illegal profit.
This obviously captures the hearts of those people who are struggling to pay the down payment with limited budget, but want to buy a car early. Think about it, too. It can not only solve the shortage of funds, but also enjoy the convenience brought by car life in advance, which is very tempting.
Real case
20 19 10, Mr. Li intends to buy a "XX" car at a price of 654.38+ten thousand yuan. According to a friend's introduction, a company that chooses to buy a car with zero down payment can borrow 65,438+10,000 yuan to pick up the car. However, this borrowing company signed a fake contract of 200,000 yuan with Mr. Li on the grounds of "paid performance", and said that it only needed to repay the loan of 65,438+10,000 yuan, which Mr. Wang believed.
However, after the loan was successful, Mr. Li was told that he needed to repay the 200,000 principal loan. Looking at the trace of 200 thousand running water on the bank bill, Mr. Li felt that he had entered the routine.
Later, the loan company deliberately let Mr. Li breach the contract through various means, such as going abroad under the pretext of repayment, or calculating the term of "overdue repayment" in hours or minutes. Because of these unwarranted defaults, Mr. Li needs to repay the "false high debt".
When Mr. Li was unable to repay the loan, the lending company introduced him to other fake "lending platforms" and drew up a new loan contract. As a result, the debt was high, and finally the car and the property were mortgaged together.
Do "three looks" and stay away from routine loans.
Look at the amount of principal, see whether the principal agreed in the contract is consistent with the actual principal received, and whether there is beheading interest; The second is to look at the interest standard to see whether the cost of interest, service fees, management fees and other related expenses paid greatly exceeds the annualized 24% or 36%; Third, look at the means of risk control, whether there is the possibility that the vehicle will be forcibly confiscated, traded or occupied when the repayment is overdue.
Once caught in a trap, it is difficult to get out, and it is basically impossible to stop loss in time, so as far as the current situation is concerned, it will be more reliable for us to choose the conventional loan channel. First, briefly introduce two main participants in the retail auto finance market, namely commercial banks and auto finance companies.
Comparison between commercial banks and auto financing companies
Commercial banks have low interest rates and high thresholds.
At present, commercial banks still enjoy the largest share in the retail automobile industry by virtue of their low capital cost, first-Mover advantage and reputation. Most of the funds of commercial banks come from customers' deposits, with the lowest capital cost and relatively low interest rate. However, the credit threshold for applying for loans is high, there are many procedures, and the process of application and approval is relatively long.
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Commercial bank loan process
Commercial loans account for 70%, and credit cards account for 30% in installments.
The retail auto finance products provided by commercial banks are mainly traditional auto loans and credit card installment, of which traditional commercial loans account for about 70% and credit card installment accounts for about 30%.
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Auto financing companies have obvious channel advantages and limited business scope.
According to the Measures for the Administration of Automobile Finance, the main investor of an automobile finance company must be an enterprise that produces or sells complete automobiles or a non-bank financial institution. Up to now, there are 25 auto financing companies approved by CBRC, of which 24 are mainly funded by OEMs and 1 company is mainly funded by dealers.
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(sorted by approval time)
Licensed auto financing companies have close ties with OEMs or dealers and have obvious advantages in channels and marketing. However, such auto financing companies only provide services for their own brands and their business scope is limited. At the same time, due to the preferential treatment of the main engine factory and the blessing of various marketing activities, their loan interest rates are generally low.
Loan process of auto financing company
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In addition, there are Internet platforms and financial leasing companies in the retail auto finance market, both of which lower the threshold of auto finance and help some "white borrowers" to obtain financial services. However, due to the nonstandard business of some platforms and companies, misleading behavior or misunderstanding by consumers, there are not a few consumer disputes at present.
Full text abstract
It must be admitted that there is a certain contradiction between production and sales in domestic automobile enterprises at present, and the traditional automobile sales model has been unable to give full play to the vitality of the market. Only through industry transformation and using capital to develop new financial products can more China people get on the bus earlier, thus promoting the prosperity of the domestic automobile market. However, as ordinary consumers, in the face of more and more financial products, we should choose financial service providers carefully to avoid being greedy and cheap and losing money.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.