The loan contract can prove the loan relationship between the customer and the handling bank (auto consumption finance company), but the financial leasing contract cannot. Only the lease relationship can be proved, that is, the lessor rents the goods to the lessee for use, and the lessee should have the right to use the goods but no ownership in this process.
Of course, it may also be the routine of some loan companies. Although the financial lease is legal, because the ownership of the car does not belong to the owner, if the customer's repayment is overdue, the other party may take back the car.
In fact, financial leasing allows customers to purchase by rent and pay by installments, but after payment, customers often need to pay another fee before they can officially transfer their ownership, or they can only return the car. If the customer handles the financial leasing business without knowing it, and does not approve the business, he can make a complaint and claim his rights.
Extended data:
What if the car loan becomes a lease?
If the customer borrows money to buy a car, but it becomes a lease relationship, and a financing lease contract is signed instead of a loan contract, the customer can contact the customer service staff of the auto consumption finance company for consultation. If the other party takes the wrong contract, it can re-sign the loan contract.
If the other party is intentional, the customer needs to pay attention. Even if the money is paid later, the ownership of the vehicle still belongs to the car dealer, and the customer only has the right to use it during this period. If you want to get all the right to use the car, you must sign a conditional contract, in which the other party will hand over the ownership of the car after paying off the loan.
If the other party still asks him to pay, and the financial lease contract is signed without his knowledge, the customer can complain to the loan company, and if the dispute cannot be resolved, he can also choose to bring a lawsuit to the court.
Customers are advised to read the terms of the contract carefully before signing the contract, so as to avoid being confused by various court collections, or even being beaten by the other party, causing economic losses.
The car loan has become a lease and can be repaid;
As a result of the car loan, customers can choose to return the car, but they may have to bear certain liability for breach of contract at that time. Car dealers may not refund all the down payment, and it is estimated that some will be deducted as liquidated damages. Therefore, customers must carefully consider.
In fact, financial leasing is not illegal. Although it is a lease relationship, the lessee only enjoys the right to use and benefit from the leased property (car), and the ownership still belongs to the lessor. However, because the license plate is generally registered in the customer's name, the ownership agreement is actually only within the contract period.
Moreover, the financial lease contract generally stipulates that the ownership will eventually belong to the owner, and the ownership will be transferred when the contract expires. The customer does not have to worry about the situation that the owner still does not belong to himself after paying off the money, as long as there is a clear agreement in the contract terms.
Of course, if the customer has signed a financial lease contract without knowing it, the other party will take it as an extra fee, and the customer can report it directly.