It is to provide funds for people to buy a car quickly, as long as they pay a certain percentage of down payment and interest. From the perspective of auto finance companies, it is more abundant. In addition to loans and financing to buy a car, it also provides other financial peripheral services, such as insurance and mortgage. The financial specialist is the staff of the franchise store, responsible for handling the loan business of the franchise store and contacting the auto financing company. Simply put, it includes the introduction, signing, entry and collection of auto financing loans.
Second, buy a car to do finance?
First of all, what happened to the auto financing company buying a car?
Nowadays, many people choose to borrow money to buy a car. There are two ways to buy a car by loan: choose a bank or choose an auto financing company. As we all know, the loan interest rate is really low, but the loan procedures are cumbersome, the examination and approval time is long, and the loan threshold is high, because the bank's risk control is strict, and it needs good personal qualifications, as well as guarantees and mortgages.
The bank threshold is high, many consumers can't reach it, but they don't have enough funds and really need loans to buy a car. Where there is demand, there are business opportunities, and financial companies emerge as the times require.
The biggest advantage of finance company loans is convenience and speed, and some even need an ID card to get loans.
There are two main types of auto financing companies:
One is the finance companies of automobile main engine plant, such as SAIC Finance, Ford Finance and FAW Finance, which are established by manufacturers themselves to promote sales and provide new automobile loan schemes for their brands, including standard loans with equal principal and interest, average capital and flexible loans to meet different customer needs. The longest loan period is 60 months, and of course there is the "zero down payment" that everyone likes. This kind of financial company is more reliable.
One is a small private financial company. Anyone who has some funds in hand and is familiar with auto financing business can set up a finance company to engage in auto loan business. This kind of financial company can't be killed with one blow. Some of them do formal financial business, but some also engage in "routine loans". Most of these financial companies are local, and mainly cooperate with automobile trading companies (that is, secondary agents). So it depends on your own financial situation. Comparatively speaking, it is convenient and quick to choose auto financing or not to borrow from the bank.
Third, how about auto finance?
There are indeed many kinds of financial schemes to choose from before Baiqian, and there are also many choices for down payment and number of installments, and the final payment can also be postponed. So the choice is quite diverse, and the products are flexible and rich.
4. What are the advantages, disadvantages and shortcomings of auto financing company's loan to buy a car?
What are the advantages and disadvantages of auto financing companies borrowing money to buy a car? (1) It is more convenient for an auto financing company to borrow money to buy a car than to apply for a loan from a bank. The borrower only needs to provide proof of real estate and income. Of course, the borrower's credit record needs to be better. (2) The borrower's loan application approval time is short. If the borrower is qualified, he can pick up the car on the same day at the earliest. (3) The auto loan interest rate of an auto financing company is determined according to the loan term of the borrower, and the loan interest rate will fluctuate considering the down payment ratio paid by the car buyer, but basically, if the loan term applied by the borrower is short, the down payment ratio that the borrower needs to pay will be higher and the loan interest rate will be lower. Disadvantages of auto financing company's loan to buy a car: (1) Borrowers should pay attention to the fact that the general interest rate for applying for a loan to buy a car from an auto financing company is above 9%, in short, the loan interest rate is higher. When borrowers choose auto financing companies to borrow, they need to buy auto insurance in the 4S shop, and the auto insurance in the 4S shop is often higher than the price insured from the insurance company alone. (2) If the borrower applies for a loan from an auto financing company to buy a car, it is necessary to know that the car price concession and interest rate concession cannot be enjoyed at the same time.
What are the advantages of auto financing loans? What are the advantages of car financing loan to buy a car? There are no more than fifteen auto financing companies in China. The biggest advantage of auto financing companies is that they don't need to provide any guarantee from car buyers, as long as they have a fixed occupation and residence, stable income and repayment ability, and good personal credit. Usually, the loan amount is basically the same as that of the bank, and the procedures are relatively simple and the approval speed is fast. At the same time, individual auto financing companies have also introduced flexible repayment, and can choose the loan method that suits them according to their own financial situation. The loan interest rate of auto finance companies is relatively high, and the interest rate level is 20%~40% higher than that of banks. Advantages: many concessions, high loan amount and relatively simple procedures. Disadvantages: the high interest rate is suitable for the crowd: people who buy Mercedes-Benz, GM, Volkswagen, Toyota, Ford, Dongfeng Peugeot, Dongfeng Nissan, Volvo, Chery and other brand cars.
Precautions for auto financing company loans What auto financing company loan plans often have an activity period, unlike credit card installment, which is continuous. Maybe the car financing product plan you learned last quarter will be terminated next quarter. Of course, with the intensification of competition in the auto market, all kinds of auto finance companies are still developing towards a benign operating model. For example, banks do not provide vehicle replacement services, while auto financing companies can flexibly adopt the way of down payment to replace old cars, which is unmatched by general banking institutions. Second-hand car customers only need to replace their vehicles with new car dealers, which can offset the down payment of new cars and eliminate some concerns that the second-hand car market cannot be transferred in time.
What are the advantages of auto financing company's loan to buy a car? The biggest advantage of auto financing loan lies in its low application threshold, simple procedures and fast handling process. The down payment is generally 20% ~ 30%, and the loan period can be up to 5 years. The advantages of auto financing loan are mainly reflected in the following aspects: application threshold, procedures and professional knowledge. Details are as follows: 1. The application threshold is lower. To apply for auto financing loan, you only need ID card, driver's license, teacher's qualification certificate, 6-month bank flow and income certificate. Bank car loans and auto financing company car loans are consistent in some basic data audit. The main difference is that banks have stricter policies on consumers' financial resources, real estate and household registration certificates, while auto financing companies are more flexible in car loans. 2. Simple procedures In terms of loan conditions, auto financing companies pay more attention to the personal credit, education, income and work of car buyers. They are all their reference standards, and they don't need to pledge like banks. Foreign household registration will not become an obstacle to obtaining loans. In addition, auto financing companies have a fast loan speed, which can usually be completed within a few days. 3. The handling of general finance is more professional, and mass finance has smart loans and flexible loans. Consumers can use a part of the loan amount (usually not more than 25%) as a flexible final payment, and make a one-time payment in the last month of the loan period without calculating the monthly payment, so that the monthly payment of car buyers can be significantly lower than that of traditional credit. When the contract expires, consumers can have many choices: settle the elastic balance at one time and have full ownership of the car; Or apply for a second loan of 12 months for the elastic balance; Or, with the help of the dealer, replace the new car with a used car and deduct the final payment from the discount of the old car.
Is it reliable to borrow money from an auto financing company to buy a car? The borrower can check whether there is a formal business license and business scope. If not, you'd better find a regular bank or other loans with good credit to buy a car.
There are too many auto financing companies in Beijing, such as Mercedes-Benz, BMW and Audi.
Many of the more than ten auto finance companies approved by CBRC in Beijing have business in Beijing, and many of them are headquartered in Beijing, such as Mercedes-Benz, BMW Finance, Volvo Finance, Toyota Finance and so on.
Is there any good auto financing company that can lend money? As long as the loan is formal, the borrower must meet the requirements of the loan. Lenders can inquire through the Internet.
What auto financing companies can join? Want to know about joining the car loan? You can send a message to Fuchuangst, hoping to help you.