As we all know, the value of used cars is not high, even new cars are particularly easy to fall in price. If there is a risk of default, the value of vehicle recovery is not very high, but for banks, their losses are quite large. In addition, the price appraisal of used cars is also difficult to know. Banks lack professional second-hand car appraisers, and some second-hand car agents maliciously raise the appraisal price in order to borrow more money from banks, which increases the risk of bank loans. Therefore, the bank strictly stipulates that to carry out the second-hand car loan business, the vehicle valuation must be between 80,000-65,438+0.6 million, the car age is within 5 years, the down payment is not less than 50%, and the guarantee is provided. Some banks even require real estate as collateral. All the above provisions are aimed at minimizing the risks taken by banks.

Banks do loan business, but in order to make a profit, no one will do a loss-making business, but second-hand car loans are facing such a dilemma. Nowadays, new cars are updated quickly, one in the first half of the year and one in the second half of the year, which devalues the previous models. Maybe after two or three years, the new car with 6.5438 million yuan will be 30,000 to 40,000 yuan cheaper than the same period. Not to mention the second-hand car, its value has been seriously depreciated. The depreciation of used cars directly led to a sharp drop in bank profits, which led to the inability to extend the credit business, which is also a major reason for the freezing of used car loans.