Car loans in P2P market segments are favored. P2P vertical market segmentation has been paid more and more attention, and car loan has become a highly reproducible Internet financial service. Compared with credit loans, car loans are mortgaged or pledged, which is easy to deal with after overdue or bad debts. Compared with mortgage loans, the amount of a single car loan project is small, and even if a single bad debt occurs, it will not have a great impact on the platform. Therefore, Jin Rong University, Fruit Tree Wealth, Investment and Storage Online and many other P2P platforms. They all focus on car loan business. But for car loan products, in addition to judging whether there are false marks, we should also know how to judge the legality of the project, such as whether there are pledge documents such as automobile sales invoices, motor vehicle registration certificates, vehicle purchase tax forms, insurance policies, spare keys, etc. Whether it is complete, whether the mortgage formalities have been handled at the vehicle management office, and whether the vehicle is equipped with GPS. , thus ensuring the risk of repeated mortgage of vehicles.
Advantages of car loan in P2P market segment;
1. car loan/In the past, people didn't have a high sense of identity about buying a car with a loan. It is reported that the penetration rate of auto finance in China last year was less than 20%. According to a survey, at present, 74.5% of consumers in China agree to borrow money to buy a car. It is estimated that the loan car purchase rate in China will reach 40%-50% in the next 3-5 years. The proportion of car loans in markets such as North America exceeds 80%. It can be seen that automobile consumption is a personal consumption that has not yet used financial leverage on a large scale in China, and there is huge room for development. "Coupled with the rapid upgrading of automobiles, new energy vehicles are gradually emerging, and we hope to penetrate into the industrial chain of auto finance." Sun Mingda, president of Jin Rong Research Institute, said.
The car loan model is relatively mature, and the offline business has good expansibility and repeatability. Sun Mingda, president of Jin Rong Research Institute, told the reporter of New Express that the company has more than 40 offline branches. Fruit Tree Fortune also launched auto loan business, and set up five offline branches in just over a year.
2. Short-term small amount conforms to the essence of P2P. We learned from various car loan platforms that the average loan period of car loan business is about 1 to 6 months, mainly short-term liquidity. The amount of vehicle mortgage loan is generally 50%-80% of the car valuation, and the general amount is between 500,000 and 500,000. "Investing in such a small goal, investors can diversify their funds, which is equivalent to diversifying risks." The person concerned said.
Generally speaking, auto loan business is divided into mortgage and pledge. According to relevant sources, the safest measure is to pledge the vehicle (own garage, special care) and the pledge certificate (automobile sales invoice, motor vehicle registration certificate, vehicle purchase tax form, insurance policy, spare key) at the same time; Secondly, it is necessary to go through mortgage procedures, install GPS and pledge documents, and sign an entrustment agreement at the vehicle management office to prevent the borrower from repeatedly borrowing from other companies, which may lead to the risk of loss of personnel and vehicles. In addition, in order to reduce bad debts, some platforms will also sign sales agreements with borrowers. Wu said that Fruit Tree Fortune will sign a "sales agreement" with the borrower, that is, before the agreed repayment date, the platform has the right to sell the vehicle for repayment.
Regarding the risk control process, the relevant person said that the appraiser should first evaluate the condition of the vehicle, including judging whether the vehicle is damaged, repaired or replaced. However, vehicle valuation is also affected by many factors. Li Weibin said, the vehicle number plate (such as Shanghai big name plate, Shanghai C number plate, foreign number plate, etc. ), vehicle market price, car purchase period, mileage, whether there is a record of major traffic accidents, whether there is a record of traffic violations, whether the car is mortgaged, etc. Will affect the vehicle valuation. Next, the risk management and control personnel will conduct a preliminary examination, including telephone audit, cross-examination by relatives and friends, social security inquiry, violations and so on. Branch salesmen will conduct face-to-face inspection on each customer and ask about the situation face to face. Relevant persons said, "Those with large quotas will check their residences, offices, etc." Then summarize the information to the headquarters; Then the examination and approval center of the headquarters will judge whether to pledge the car or not according to the situation. Relevant people said: "However, for people with relatively high risks, they generally choose to take the bus.
Million car purchase subsidy