The overdue repayment record of car loan will also be uploaded to the People's Bank of China. If users don't want to cause bad credit information, it is recommended to return each auto financing loan on time.

The auto financing company cooperates with the credit information system of the People's Bank of China. No matter which auto financing company, as long as the user applies for a car loan, the loan record will definitely be recorded.

Some auto financing companies will have a grace period for repayment, and repayment within the grace period is also considered as normal repayment.

Extended data:

There are the following procedures for handling auto loans:

1. The car buyer selects the car to be purchased in the 4s shop and prepares the materials needed for car loan, including ID card, driver's license, marriage certificate, income certificate, work certificate and other materials. Apply to the loan bank for a loan to buy a car.

2. The lending bank will review and investigate the borrower before lending according to the application materials.

3. If the borrower meets the loan conditions of the loan bank, notify the borrower to sign a loan contract, mortgage contract, guarantee contract, etc. at the bank.

4. The borrower goes through the formalities of vehicle mortgage registration and pays the car down payment to the 4s shop.

5. After completing the relevant procedures, the loan bank issues loans, and the borrower can pick up the car at the dealer with relevant certificates.

Auto financing company refers to a non-bank financial institution established with the approval of China Banking Regulatory Commission to provide financial services for auto buyers and consumers in China.

The loan from General Motors Finance Company is one of the more representative ones.

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. The emergence of a more favorable and convenient financial company, such as the loan from General Motors Finance Company, just meets the market demand. Generally speaking, the loan form of financial companies is flexible and targeted, and the loan interest rate provided by financial companies generally varies according to the number of years of car loans and 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.

Overseas, buying a car through an auto financing company loan is the most common way of auto loan.

There are also many auto financing companies in China that can provide auto loan services. The main auto financing companies in China market are SAIC-GM, Chuangfu, Volkswagen, Ford, Toyota, Dyke and Beijing Hyundai. The financial products provided by each company are the same and have their own characteristics, which are suitable for different models.

Usually, such companies have the characteristics of low threshold, low down payment ratio, long loan time, flexible approval and fast speed. It can be said that auto financing company loans have gradually become one of the main channels for many consumers to choose auto loans.