According to China Travel. Com, usually the result of consensus between the company and employees, it is not illegal to borrow money to buy a car in the name of the company. This loan model is called company car loan, and its characteristics are as follows: the loan applicant needs to be a formal employee of the company.

Lenders can buy vehicles, and then the company pays the down payment and installment loan for the vehicles. The loan period can reach 2-3 years.