What we usually call auto finance is a narrow concept of auto finance, which is subdivided into auto loans (including auto consumption loans and automobile mortgage) and auto financing leasing (that is, purchasing by rent, hereinafter referred to as purchasing by rent). There are both connections and differences between the two types. The core difference is that the transfer process of automobile ownership is realized by renting and purchasing, while other loan automobile finance does not have the transfer process of automobile ownership, but is mortgaged to financial institutions.
The difference between car rental and car loan;
Purchase by rent (that is, auto financing lease) and auto loans (including bank auto loans, loans from manufacturers' finance companies, loans from third-party auto finance companies, etc.). ).) belong to the category of auto finance, but they are different. Here, we will make a special comparison between these two businesses.
First, the difference between concepts (emphasis: the fundamental difference lies in whether there is a transfer of automobile ownership)
1. Rent-based purchasing: Rent-based purchasing is one of the forms of financial leasing business, and it is a form of automobile consumption to realize the purpose of customers buying cars by stages by renting vehicles for a long time and disposing of used cars.
Rent is paid monthly by means of long-term lease of vehicles, and the ownership of vehicles is transferred to customers after the lease expires.
2. Auto loan: Auto loan refers to the loan issued by the lender to the borrower who applies for buying a car, also known as auto mortgage.
Object of loan: The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.
Loan conditions: the borrower has a stable job and the ability to repay the principal and interest of the loan, and has a good credit; A third party who can provide recognized assets as collateral or pledge, or has sufficient compensation ability, is the guarantor who repays the principal and interest of the loan and bears joint and several liabilities.
Loan amount: The maximum loan amount generally does not exceed 80% of the price of the purchased car.
Loan Term: The loan term for automobile consumption is generally 1-3 years, and the longest is no more than 5 years.
Loan interest rate: uniformly stipulated by the People's Bank of China.
Repayment method: you can choose one-time repayment method of principal and interest and installment repayment method (equal principal and interest, average principal).
Second, the form of expression
1. The form of rent and purchase is "melting things". The means of "melting things" finally realized the purpose of "financing".
2. The form of auto loan is "financing". The purpose of "financing" is to use "financing" as a means and mortgage as a supplement.
Third, the difference of risk control means.
1. The main risk control means of lease purchase is "controlling things" and the auxiliary is "controlling people". Because the rented car is registered in the company's name and a car rental contract has been signed, once the customer defaults, the company can take back the car in time and dispose of it in time. Therefore, the risk control measures are generally based on vehicle control, supplemented by customer qualification review.
2. The main risk control means of auto loan is "controller", supplemented by "control object". Because the car loan is registered in the customer's name, a loan contract was signed. Once the customer defaults, we can only find a way to find the customer, and it is difficult to recycle the car. Therefore, risk control measures are mainly to control customers, supplemented by means such as customer vehicle mortgage.
Fourth, the difference in the direction of risk control work.
1. Car rental has the characteristics of relatively high profit rate and profit, small number of customers, concentrated customer areas and mainly offline transactions. Therefore, renting a car is more suitable for one-on-one field trip, and the reliability of risk control is higher.
2. Due to the low profit of auto loans, a large number of customers, a wide customer area and many online transactions, we can't afford the cost of home visits and personnel, so we are forced to focus on inquiring about customer credit information.
Verbs (abbreviations of verbs) have different ways of operation.
1. Rent-and-purchase is a niche consumption, which has certain restrictions on the customer base. Precision marketing is the basis of business model. Industry leaders such as: peanut car, jumping car (big search car brand), winning, meeting happy, buying a car in China, buying a car in one step, and buying a car in meow.
2. Automobile loan belongs to mass consumption and has a wide customer base, including new car loan customers and automobile loan customers (pledge, mortgage, double pressure, etc. ).), so the marketing is mainly based on brand promotion. Major commercial banks, major manufacturers, finance companies and other industry leaders, as well as other third-party car loan companies (First Car Loan, CreditEase Car Loan, Microfinance Network, etc. )
Six, the approval and supervision units are different.
Purchasing by rent is the business form of financial leasing companies. * * * There are 7,626 financial leasing companies (as of the end of March 20 17), which are divided into two categories:
1. The first category is financial leasing companies, which are approved by the CBRC and supervised by local financial institutions. Generally, there are 63 companies with banking background in China.
2. The other category is non-financial leasing companies, which can be subdivided into two categories. The first category is domestic financial leasing pilot companies, which are jointly approved by the Ministry of Commerce of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China and supervised by local commercial committees. At present, there are 2 17 companies in China. The other is a foreign-funded financial leasing company, which is approved by the Ministry of Commerce and supervised by the local commerce commission. Now there are 7,346 companies in China.