Ordinary. Litong Automobile Co., Ltd. was established in 1986, located in Hong Kong Special Administrative Region, and is an enterprise mainly engaged in automobiles and other motor vehicles. The enterprise is registered and licensed by the Ministry of Industry and Information Technology, and it is legal. It holds formal and legal business documents and belongs to a legal enterprise, so it is formal. Auto loan refers to the loan issued by the lender to the borrower who applies for buying a car, also known as automobile mortgage.