With the increase of consumers' income and the introduction of policies to encourage automobile consumption, family cars are entering the public family at an extraordinary speed. Along with it, car loan products are also constantly innovating. As far as car loans are concerned, car loans can be provided in all consumer loan products provided by banks, but the market share of car loans is always low. The reason is that car loans are risky and the proportion of non-performing loans is much higher than that of mortgage business. At the same time, the amount of auto loans is relatively low, and the pre-loan and post-loan costs that banks need to invest are high, which also makes many commercial banks not interested in this business. Generally speaking, the loan form of finance companies is flexible and targeted. The loan interest rate provided by financial companies will generally vary according to the number of years of car loans, and the interest rate will fluctuate according to the down payment ratio of car buyers. Of course, the usual rule is that the shorter the loan term, the higher the down payment and the lower the loan interest rate. So, what are the auto financing loans?

Introduction of auto financing loan:

1. Toyota Financial Loan

Toyota Motor Finance (China) Co., Ltd. opened on June 65438+1 October1. Is a wholly-owned enterprise of Toyota Financial Services Limited in China. The new company is located in Beijing, and its business goal is to provide convenient and efficient auto finance services for Toyota car users and dealers.

Auto finance business involves auto insurance, finance, auto loans, used cars, auto supplies and other businesses.

2. SAIC-GM financial loans

SAIC General Motors Finance Co., Ltd. is jointly funded by General Motors Financial Services Company and SAIC Finance Co., Ltd. ..

Specific businesses include: accepting deposits from shareholders in China with a maturity of more than three months, providing auto loans, handling loans for auto dealers to purchase vehicles and operating equipment, transferring and selling auto loan receivables, borrowing from financial institutions, providing guarantees for auto loans, agency business related to auto financing activities, and other credit businesses approved by CBRC.

3. Shenlong Automobile Finance Loan

Shenlong Automobile Finance Co., Ltd. was established in August 2006, in which BOC Group Insurance Co., Ltd. holds 50% of the shares.

The company's business purpose is to provide financing for the dealers' inventory vehicles of Dongfeng Peugeot and Dongfeng Citroen, and to provide loans to the end customers who buy Dongfeng Peugeot and Dongfeng Citroen cars. As the parent company of BOC Group Insurance Co., Ltd., China Bank Co., Ltd. provides financial support for the joint venture company and shares its experience in personal car financing with other companies. China Bank's branches all over the country provide financial services for the company.

4. Volkswagen Finance Company

Volkswagen Finance Loan officially announced that it will launch auto loan business in China on June 5438+ 10, 2004. The preferred market is Beijing. Compared with commercial banks, the financial products they provide to consumers have no preferential prices, but their choices are more flexible. The loan audit of Volkswagen Finance Company is more humane than that of banks. Applicants are allowed to use the house purchase contract and loan contract as proof of real estate, and do not need to issue a real estate license.

At present, Volkswagen Finance provides two kinds of auto finance loan products for consumers to choose from: standard credit and Blum credit.

The former is not much different from commercial bank loans, except that the down payment ratio is increased from 20% to 30%, and the term is still up to 5 years. The more innovative is Blum Credit, which is suitable for consumers who want to borrow money to buy a car, but at the same time they don't want too much pressure on monthly payment. The monthly payment of Bailong Credit is about 15% lower than that of traditional credit. The reduction of monthly payment is realized by paying a final payment at the expiration of the contract, which does not exceed 20% of the total loan at most. If the down payment ratio is 30%, it is equivalent to 14% of the total car price.

5. Daimler-Chrysler auto finance loan

On June 2nd, 2005, 165438+ DaimlerChrysler Auto Finance (China) Co., Ltd. officially opened in Beijing.

Unlike the internationally renowned auto finance service companies such as General Motors and Volkswagen, which opened in China before, which only provide financial services for cars, the newly opened Daimler-Chrysler Auto Finance (China) Company is the first auto finance company in China to provide financing services for both cars and commercial vehicles.

6. Dongfeng Nissan Auto Finance Loan

Dongfeng Nissan Automobile Finance Co., Ltd. was established in Shanghai in March 2007. This financial company provides personal new car consumption credit business for customers who buy Nissan brand and British finidi brand cars, and also provides inventory financing for dealers who operate the above brands. The company will also strengthen the sales business of domestic and imported Nissan brand cars in China, and plan to launch auto finance business in major cities in China such as Beijing, Shanghai, Guangzhou and Wuhan before 20 10, and provide inventory financing for dealers who operate the above-mentioned brands of cars.

7. Volvo Car Finance Loan

Volvo Car Finance (China) Co., Ltd. was formally established in Shanghai at the end of August 2006. It is the first auto finance company in China to provide financial services for commercial vehicles and construction machinery, providing customers with financing, insurance, real estate and fund management services.

8. Fiat Auto Finance Loan

Fiat Auto Finance Co., Ltd. is a wholly-owned subsidiary of Italian FIDIS Co., Ltd. in China with a registered capital of 500 million yuan. Italy FIDIS Co., Ltd. is the financial service organization of Fiat Group Automobile Company, with 25 years of international automobile financial service experience.

Fiat Auto Finance Co., Ltd. will provide retail and dealer financial services for the full range of auto products produced and sold by Fiat Group in China, including products of independent brands and China partner brands. The passenger car brands it serves include not only Fiat, but also luxury cars and supercars such as Maserati and Ferrari. In addition, Iveco brand commercial vehicles (trucks and buses) and Case brand construction machinery will also enjoy the financial services of Fiat Auto Finance Co., Ltd..

9. Ford Auto Finance Loan

Ford Motor Finance Company started its business in China in the third quarter of 2005. At the initial stage of the company's establishment, it first launched the dealer inventory financing business to meet the needs of dealers to sell Ford brand cars in China, and at the same time tried out the consumer installment financing business in some markets.

Ford Motor Finance Company not only provides financial services for imported Ford products, but also supports the sales of Ford cars produced in China. Although it only provided inventory financing services to dealers selling Ford brand cars at the beginning, its dealer inventory financing business has since expanded to other Ford brands such as VOL, VO, Land Rover and Jaguar. It is understood that Ford Motor Finance Company will invest 654.38 billion US dollars in China.