General 4S stores will provide a variety of loan methods for users to choose from. Common loan channels include: traditional bank loans, credit card loans, automobile manufacturer finance company loans, Internet P2P financial loans and financial leasing, etc. .

1. Traditional bank loan

Traditional bank loan is the most traditional way of car loan. The advantage is that the interest rate is lower. The disadvantage is that the approval procedures are more cumbersome and difficult for the lender. Qualification requirements are high and the loan process is cumbersome.

2. Credit card loan

Compared with bank loans, credit card loans do not need to mortgage the vehicle. That is, there is no "vehicle mortgaged" information in the Big Green Book, so it is not subject to loan restrictions. You can buy and sell on your own.

3. Automobile manufacturer financial company loans

Automobile manufacturer financial company loans in layman’s terms mean that financial companies established by automobile brands then lend money to users. Compared with traditional bank loans, the interest rate is Slightly higher, but the approval speed is fast and the qualification requirements for lenders are not high. In addition, car brand finance companies will do some activities from time to time, and the manufacturers will provide loans after discounting interest. In this case, the interest rate will even be lower than that of traditional banks.

4. Internet financial loans

Internet finance is one of the more popular loan methods in recent years. Compared with other channels, their credit reporting process is the simplest and the approval speed is comparable. It is said to be the fastest, but the disadvantage is also obvious, that is, the interest rate is higher. Currently, platforms that provide car loans include Autohome Finance and others.

5. Financial leasing

Car financial leasing means that the user signs a lease contract with a financial leasing company. Since the full purchase price of the car is borne by the financial leasing company, the ownership of the car belongs to the financial leasing company. , the user needs to pay the financial leasing company monthly rent for the use of the car, and after the lease expires, the vehicle will be transferred to the user. The advantages of financial leasing are that the threshold is lower, the approval speed is faster, and there is no need to pay a large down payment, and only the monthly rent is required.