Yulong auto finance is a formal loan. According to my love card network, Yulong auto finance is a formal loan. Yulong Automobile Finance is an automobile finance business company jointly funded by Yulong Automobile Manufacturing Co., Ltd. and Yulong Enterprise Co., Ltd., a subsidiary of Taiwan Province Yulong Group Co., Ltd., and was incorporated in Hangzhou Municipal Market Supervision Administration on 20 16. It is an enterprise registered and operated by the State Administration of Market Supervision according to law, so Yulong Auto Finance is a formal loan.