No. FAW employees can buy cars through loans and full payment, not limited to full payment. For those with low income who can't pay the full amount, they can still buy cars.

The truth of FAW employees buying cars

The reason why employees of FAW buy cars is because FAW offers certain discounts, such as discounts and subsidies, to employees, so that they can buy FAW products at more favorable prices. In addition, FAW will hold regular automobile promotion activities to make it easier for employees to buy suitable automobile products.

What is FAW Financial Loan to Buy a Car? What are the loan terms?

How about FAW Finance

Everyone should often see various 4S stores of FAW Group outside, and they are still relatively unfamiliar with FAW Finance. In fact, FAW Finance is an auto loan financial institution established by FAW Group with the approval of China Banking Regulatory Commission. People who need a loan to buy a car can apply for a car loan from FAW Finance as long as they buy a car owned by FAW Group and meet the loan conditions.

According to official website of FAW Finance, FAW Finance loan requires a minimum payment of 20% of the transaction price of the vehicle as a down payment, and the remaining amount can be used for loans. According to different family financial plans, interest and repayment amount will be slightly different. FAW Finance official website has a trial loan, which can be calculated by itself. Generally, I apply for a loan from FAW Finance. Before the loan is paid off, the vehicle is mortgaged to FAW Finance. Therefore, the vehicle that has not paid off the loan cannot be transferred.

At present, FAW Finance has different preferential activities for the models of FAW Group, and the preferential strength of individual models is still very strong. Interested users can go to FAW Finance official website for details or consult its customer service.

Faw finance loan car purchase

As we all know, FAW Finance is a specialized car loan financial lending institution, but we still don't know much about the specific car purchase process of FAW Finance. At present, all models sold by FAW Group can apply for FAW Finance loan to buy a car, but there will be different loan schemes according to different models. As long as the car buyers meet the loan conditions of FAW Finance, they can submit a loan application to FAW Finance after selecting the vehicle model, prepare relevant loan materials as required, actively cooperate with FAW Finance's loan credit investigation, sign a loan contract and mortgage agreement after the loan is approved, and pay the down payment after the loan is issued.

The repayment method of FAW Finance currently supports equal principal and interest repayment. The longest loan period is 24 months, and the lender can repay the loan on time when the loan expires. After all the loans are paid off, you can go through the relevant decompression procedures.

Faw financial loan conditions

As a private lending institution, FAW Finance has a lower loan threshold than banks. FAW Finance does not need the lender to provide any guarantee for the car loan. As long as the car buyer meets the requirements of having a fixed occupation and residence, stable income and good personal credit, FAW Finance can apply for a loan if it judges that you have the repayment ability. Generally speaking, the time for issuing loans will be faster than that of banks, and the specific interest needs to be determined according to the model, loan scheme and activities at that time.

FAW Finance does not pay back the money.

If the borrower can't repay the loan according to the time agreed in the contract under special circumstances, he can entrust his family to help him repay the loan, or contact FAW Financial Customer Service to explain the situation and negotiate a reasonable solution. However, if there is malicious overdue, FAW Finance will charge relevant liquidated damages. If the lender's situation is serious, FAW Finance will take back the purchased vehicle, and the overdue record will enter the credit information system.

What does the employee loan of FAW-Volkswagen mean?

Loan concessions for internal employees. The employee loan of FAW-Volkswagen is a preferential loan for internal employees. FAW-Volkswagen refers to FAW-Volkswagen Automobile Co., Ltd., which is a large car joint venture jointly invested by FAW Group, Volkswagen and Audi.

This is the end of the introduction of FAW Group employee car loan and FAW employee loan car purchase fee. I wonder if you found the information you need from it?