What are the car finance companies?

Car finance companies. SAIC-GM Financial, Volkswagen Financial, Dongfeng Motor Finance, Mercedes-Benz Financial, Ford Financial, Toyota Financial.

Procedure: Car loan buyers do not need to provide any guarantee, as long as they have a fixed occupation and residence, stable income and repayment ability, and good personal credit.

Down payment: The down payment ratio is low and the loan time is long. The minimum down payment is 20% of the car price, the maximum term is 5 years, and there is no mortgage fee.

Interest rates: The interest rates of car finance companies are usually higher than those of banks.

Main advantages:

The automobile industry has long been a pillar industry in my country's economic development, because the vehicle manufacturing industry chain is long and wide-ranging, which is good for stimulating the economy and consumption. A great promotion. During the two sessions in 2019, the government work report emphasized promoting domestic demand and stabilizing automobile consumption, once again clarifying the pillar status of the automobile industry.

Auto finance company loan process

Auto finance company loan process:

Car buyers who apply for a loan from an auto finance company first need to conduct car purchase consultation and application→→Car The dealer conducts a preliminary qualification review of the applicant's loan car purchase and signs an opinion→→The car dealer reviews the applicant's qualifications and the bank preliminarily checks→→After passing the review, the dealer signs a car purchase contract with the applicant and notifies the customer to deliver the first installment of the car. Make payment, and handle bank accounts and bank credit cards for customers → → customers fill in the vehicle acceptance handover form → → handle mortgage, notarization, insurance and other related procedures.

Basic conditions for applying for loans from auto finance companies:

First of all, borrowers who apply for loans from auto finance companies must have good credit and have the ability to repay;

Thirdly, borrowers who apply for loans from auto finance companies should have stable jobs and stable income

Auto finance companies Loan introduction:

1.

CreditEase-Eche Loan is a loan provided by CreditEase Puhui Information Consulting (Beijing) Co., Ltd. for car buyers. It has the characteristics of no deposit procedures but no car deposit, 0 expected annualized interest rate, and high credit limit (up to 500,000).

2.

Xinhe Huijin-Cheyidai is a car loan product of Xinhe Huijin Information Consulting (Beijing) Co., Ltd. It provides car buyers with mortgage procedures to mortgage the car and mortgage procedures without mortgage. Two types of loans.

What are the requirements for a loan from an auto finance company?

1. An auto finance company should meet the following conditions: the applicant is over 18 years old; has a stable income, preferably at least two times or more of the monthly payment; good credit investigation, no bad credit record; the lender has a fixed address in the local area; the personal debt ratio is moderate, and there are no large debts, etc. In addition, the application threshold for auto finance companies is slightly lower than bank credit card installment purchases. Users who do not have a credit card can try to apply for a loan from an auto finance company first. If you go to a bank to get a loan to buy a car, you also need to provide a bank guarantee recognized by the bank. If the car buyer's personal account is not local, a joint liability guarantee should also be provided, and the bank will not accept the mortgage loan purchase set by the car buyer.

2. There are no car loans for unregistered families. Unregistered households refer to households that have no household registration information, no household registration card (permanent population registration card), and no ID card in the national census. It is not possible to have a black car loan because the loan requirements for a car loan are not met. If you are an unregistered bank or a bank with an unregistered credit report, you can try to apply for a loan from a bank through a loan company, or look for a loan company. Lending companies generally focus less on personal credit and more on collateral.

3. Users who apply for a loan from an auto finance company need to meet the above conditions. If it is a relatively strict auto finance institution loan business, the applicant also needs to meet other conditions required by the lending institution. If an auto finance company needs to provide a guarantee, the applicant shall provide a guarantee or collateral. Typically, a person with full means can apply for a car loan. Generally, car loans adopt the credit card installment method, and users can apply as long as the monthly payment does not exceed 50% of their income. The services of automobile finance companies have been transferred from offline to online, the service process has been simplified, and the loan speed has been accelerated.

Other conditions specified by the auto finance company.

At the same time, the following documents need to be submitted: original valid ID card and marriage status certificate; income certification materials; driving certificate materials; other documents proving personal legal property; other materials required by the auto finance company.

Who can I get loans from auto finance companies?

Who are the well-known auto finance companies in China?

Car buyers can choose an auto finance company to apply for a car loan. When applying for a car loan, car buyers should weigh factors such as the expected annualized interest rate of the loan and the speed of loan disbursement. Compared with small auto finance companies, large, well-known auto finance companies are more worthy of the trust of car buyers.

Ranking of the top ten auto finance companies in China

1Beijing Hyundai Auto Finance Co., Ltd.

2Mercedes-Benz Auto Finance Co., Ltd.

3 Chongqing Auto Finance Co., Ltd.

4 FAW Auto Finance Co., Ltd.

5 GAC Huili Auto Finance Co., Ltd.

6 Ruiford Auto Finance Ltd.

7 SAIC-GM Finance Co., Ltd.

8 Volkswagen Finance (China) Co., Ltd.

9 Toyota Motor Finance (China) Co., Ltd.< /p>

10 Dongfeng Peugeot Citro?n Auto Finance Co., Ltd.

Auto finance company loan introduction:

CreditEase-Easy Auto Loan is provided by CreditEase Puhui Information Consulting (Beijing) ) Co., Ltd. provides loans for car buyers. It has the characteristics of no deposit procedures but no car deposit, 0 expected annualized interest rate, and high credit limit (up to 500,000).

Xinhe Huijin-Cheyidai is a car loan product of Xinhe Huijin Information Consulting (Beijing) Co., Ltd. It provides car buyers with two loan methods: car deposit and car loan.

What are the company names of the car loan platforms?

The car loan platform companies include: SAIC General Motors Finance, Volkswagen Finance, Dongfeng Motor Finance, Mercedes-Benz Finance, Ford Finance, Toyota Finance, etc. .

The automobile industry has long been a pillar industry in my country's economic development. Because the vehicle manufacturing industry chain is long and wide-ranging, it has a great role in stimulating the economy and consumption. During the two sessions in 2019, the government work report emphasized promoting domestic demand and stabilizing automobile consumption, once again clarifying the pillar status of the automobile industry. Auto finance allows consumers to directly apply for preferential payment methods from auto finance companies when they need a loan to purchase a car. They can choose different models and different payment methods according to their individual needs. Compared with banks, auto finance is a new choice for car purchases. Currently, there are five types of personal auto consumption loans: banks, auto finance companies, OEM finance companies, credit card installment purchases, and auto finance leasing.

1) Bank car loan

Procedure: You need to provide household registration book, real estate certificate and other information. Usually you need to use the house as a mortgage, find a guarantee company to guarantee, and pay a deposit and handling fee .

Down payment: Generally, the down payment is 30% of the car price. The loan term is generally 3 years. A deposit of about 10% of the car price and related handling fees are required.

Interest rate: The bank’s car loan interest rate is determined based on the bank’s interest rate.

2) Auto Finance Company

Procedure: Car loan buyers do not need to provide any guarantee, as long as they have a fixed occupation and residence, stable income and repayment ability, and good personal credit .

Down payment: The down payment ratio is low and the loan period is long. The minimum down payment is 20% of the car price, the maximum term is 5 years, and there is no mortgage fee.

Interest rates: The interest rates of car finance companies are usually higher than those of banks.

Company: SAIC General Motors Finance, Volkswagen Finance, Dongfeng Motor Finance, Mercedes-Benz Finance, Ford Finance, Toyota Finance

3) OEM finance company

Procedure: required The purchased vehicle is secured by a mortgage. Applicants should have stable employment, residence and repayment source, good credit record, etc.

Down payment: The minimum down payment is 20% of the car price, and the maximum term is 5 years.

Interest rate: The interest rate is usually slightly higher than that of banks and slightly lower than that of automobile finance companies.

Companies: SAIC Finance Company, FAW Finance Company, GAC Huili, etc.

4) Credit card car purchase installment

Credit card installment car purchase is a credit card installment business launched by banking institutions.

The credit limit that cardholders can apply for is 20,000-200,000; there are three types of installments: 12 months, 24 months, and 36 months; there is no loan interest rate for credit installment car purchases, and the bank only charges handling fees, and there are handling fees for different installments. Rates vary.

5) Car financing leasing

Financial leasing is a method that relies on cash installment payment. On this basis, the feature of separation of ownership and use rights in leasing services is introduced. When the lease ends A modern marketing method that later transfers ownership to the lessee.

Procedure: The threshold is low, no mortgage is required, and non-local accounts are also acceptable.

Down payment: The down payment ratio is low and the loan period is long. The minimum down payment is 20% of the package price (vehicle purchase tax insurance), the maximum term is 5 years, and no mortgage fee is required

Interest rate: Financial leasing companies customize different interest rates according to the conditions of different customers and models. plan. It is usually higher than that of banks, but some models have manufacturer support policies and can reach the lowest price in the market.

Property rights: There are two methods: direct lease and leaseback. The title of the car under the direct lease model is owned by the financial leasing company and will be transferred upon expiration of the lease period.