GMAC-SAIC automotive finance company: features: the "zero Shoufu" or "zero interest rate" interest free

Business scope: domestic more than 80 city more than 300 dealers in the retail credit business cooperation

Loan interest rate: 3 year rates of 8.33%, 5 - year interest rate 8.72%.

Application: Buick brand, Chevrolet, Cadillac

　　

GMAC-SAIC automotive finance company mainly has three kinds of different loans, by the dealer to provide one-stop service, packing charges 1000 yuan.

The A. standard loan: Shoufu 20%, maximum loan period of 5 years, the loan period matching repayment. 1 to 3 years of the loan period, the interest rate is 8.33%, 3 and 5 years of the loan period, the interest rate is 8.72%.

B. wisdom: from loans Shoufu, repayment and wisdom tail section. Shoufu 25%, maximum loan period of 3 years, the loan interest rate is 8.39%. At the same time, retained 25% of the loan amount (two years as 20%) as the wisdom of the tail section, excluding interest payments. To the final repayment date of this part of the tail section flexible repayment, can one-time settlement, but also on the tail section and then apply for the two time the loan period of 12 months, or to buy the vehicle as a used car replacement with the brand new car.

C.: the collective purchase a car loan customers, Shoufu 30%, the maximum loan period of 3 years, loan interest rates the same.

The biggest feature of its business in the "zero Shoufu" or "zero interest rate" interest free. According to the SAIC GM launched a "zero Shoufu" car loan mode, consumers buy when available for new car 30% of the first payment, if the company valuation estimates used car residual is not enough, is to make up for cash, the remaining money to the auto finance company loan.

Shanghai Yongda Buick's 6 stores at the same time as the Buick Excelle tailored used car replacement "zero Shoufu mortgage purchase a car", "zero"Interest rates, price repurchase" zero devaluation "of the" three zero "plan, namely to any used car replacement Excelle customers, the car after scientific assessment objective, can be directly set the new value of the first payment; according to different consumer loan principal, respectively, can enjoy the 2~3 years of the loan" zero interest rate "privilege; a promise on the spot this car for three years after the repurchase price.

　　

[tip] SAIC finance company loans to a good bias owing on the loan records of customers, for staff of civil servants, teachers and other state organs more preferential loan time is greatly shortened, and the. The maximum loan amount of up to 750000 yuan, only need to provide ID card, residence booklet, proof of income, driving license and data. The most prominent advantage is, it also accepts the foreign, foreign and no real customer's loan application. The average credit application approval time for 2 days, from submission to provide car for an average of 5 to 7 working days.

　　

Volkswagen automobile finance company: "break off both ends of the elastic credit"

Scope of business: nearly 30 city National

Loan interest rates: standard credit interest rates by 1 to 5 years is 7.3% ~ 8.9%, 7.15% ~ 8.35% elastic credit interest rate

For the brand: mass, Audi, red flag, Toyota, Mazda

　　

Volkswagen automobile finance company mainly provides two types of loans, namely the standard credit and elastic credit.

First introduced the "flexible credit" product. "Elastic credit" is relative to "loan", the so-called "standard credit" is actually a matching interest loans, the repayment amount each month, the loan period of 13 ~ 60 months, Shoufu not less than the price of car of 30 %. Interest rates by year from low to high order: 7.3%, 7.5%, 7.9%, 8.5%, 8.9%. While the elastic credit is Volkswagen automobile finance company's specialty products, similar to General Motors financial wisdom by loans, Shoufu, for the month and elastic tail section of three parts. Shoufu minimum amount for 30% of the price, the amount of repayment to the matching of supply, compared with bank loans, about 15% ~ 20% monthly pay less; elastic tail section reserved returned last month in loans for the month, the amount is not more than 25% of total loans. The loan period of 13 ~ 48 months, interest rates by year from low to high order: 7.15%, 7.35%, 7.75%, 8.35%.

[tip] Volkswagen automobile finance has an approval process and professional complete customer rating system. Clients submit a loan application and the corresponding proof of identity, the public finance will be arranged for visits, can obtain approval. But the approval process is relatively complex, still need to go through the formalities for mortgage registration, the public finance to confirm the repayment in the future, to complete the loan process. The public finance related staff suggested that, has the fixed work and stable income customers can obtain higher customer score.

　　

　　Ford automobile financial company: car dealers to advance loans

Scope of business: Shanghai, Beijing, Guangzhou, Shenzhen City, nearly 20 more than 50 dealers

Loan interest rates: the two-year rate 8.02%, three - year interest rates 8.22%, four year and five year interest rate 8.86%

For the brand: Volvo, Land Rover, Jaguar, Ford

　　

　　

Ford automobile financial company a down payment of at least two of the price to purchase a car, repayment matching service (i.e. each month is the same amount of money), the loan period is 2 years, 3 years, 4 years and 5 years. It is part of the model of an interest free loan purchase a car in the national scope. Ford financial developing personal interest free purchase a car loan business, this part of the interest dealer advance, Ford finance will be through other way supplies car dealer. Such as the $129800 Fawkes 1.8 manual type as an example, according to the minimum two down payment, loan period of 60 months. Daily pay 61 yuan, customers can have Ford car.

[tip] in the formalities for examination and approval of Ford financial application two into the loan is very strict, the consumer is very difficult to apply. Shoufu 40%, a period of 3 years, car loans, the most promising approved. Loan customers need to provide identity cards, residence booklet, proof of real estate and fixed income proof. If not the local registered permanent residence, property cards for less than 3 years, is in need of a local official accounts of the guarantor. Provide loan application materials to complete the examination and approval as soon as long as one day.

　　

　　Toyota automobile financial company: the first year free car loan

Scope of business: the main city of Toyota dealers across the country

Loan interest rate: 3 year car loan interest rate of 7.78%, the loan period of 5 years the rate is 8.13%

For the brand: corolla, Camry, Price

　　

Toyota auto finance company car loan business the minimum down payment of 20%, the repayment period is divided into 1 years, 2 years, 3 years and 5 years, 3 years loans (including 3 ) interest rate is 7.78%, loan period of 5 years the rate is 8.13%. If early owing on the loan, do not need to pay liquidated damages.

In order to boost business, Toyota automobile financial company recently launched a Price for the preferential purchase a car, consumers can be removed from the first year's interest by Toyota auto finance company loan to buy Price. The leather seats of Price as an example, the selling price is 302000 yuan, calculated in accordance with a period of 5 years loans, interest of the first year of nearly 20000 yuan. This approach actually reduce lending rates.

[tip] through Toyota Automotive Finance (Chinese) company car loans do not need to Guarantee Corporation, do not guarantee. But lenders are required to produce identity cards and residence booklet, while providing real estate certificate and proof of income. Dealers will customers apply for loans to the data transmission Toyota automobile financial company, by Toyota automobile financial company arrange home visits, field investigation. If eligible, from the submission of application to extend loans up to as long as 7 working days.

　　

　　Dai - G auto finance company: Shoufu more lower interest rates

Scope of business: Beijing, Shanghai, Guangzhou, Shenzhen four city of all Beijing Deckard Benz Mitsubishi outlander store

Loan interest rate: 5 year loan interest rate 8.77%

For the brand: Mercedes Benz, Mitsubishi, Jeep Jeep

　　

A standard loan grams of automobile financial company Shoufu car from 30% onwards, the term of the loan is 3 ~ 5 years, the annual interest rate changes with the down payment and loan period with 16 different combinations of. Another form of loans is the first payment of 30% cars, leaving more than 20% balance, after 3 years, consumers only according to the monthly mortgage with 50% car "". For the balance of 20% after 3 years, consumers can pay off the loan, can also be sold to pay off the loan in the original vehicle dealers, the remaining amount can also pay the first payment for a new car. Of course, also can continue to apply for loans to pay off the remaining two accounts.

[tip] dealer tips, if Shoufu proportion is higher, the shorter duration of the loan, the interest rate is lower, the repayment interest less.

　　

　Beijing modern automobile financial company: the prime lending rate

Business scope: all the major city

Loan interest rate: 3 years (including 3 years) within the interest rate is 6.66%, 5 - year interest rate is 6.84%

For the brand: Beijing modern brands car

　　

In 2006 August, Beijing modern automobile financial company and the Shenzhen Development Bank jointly launched the automobile consumption credit business. According to the agreement, only for Beijing modern models provide credit service, to provide users with loans Shoufu not less than 20% of the price, loan period of 1 years, 2 years, 3 years and 5 years, in 3 years (including 3 years) within the interest rate is 6.66% , 5 years period of interest rate 6.84%, other than the automobile financial company's interest rate 1.5 percentage points lower. In the consumer purchase price of 104800 yuan Elantra models for example, Shoufu 30% of the price, for a period of 3 years loans, the repayment amount each month for 2248 yuan.

[tip] Beijing modern automobile financial company to provide 20% of the first payment loans only for civil servants, teachers and bank staff, the natural person other payment must be the price 30% . Consumer loans need ID card, residence booklet, marriage certificate, driver's license, proof of income, proof of residence. If compliance with loan conditions, 3 working days to be put on the car.

　　  Differences

We more steam GM, Volkswagen, Ford, Toyota, Deckard and Beijing modern 6 companies of automobile credit products as an example, to have a look the difference between. The company's products have the same have their own characteristics, because for different models, so the competition is not particularly significant conflict. A similar maximum is elastic tail section settings. The first launch of a Volkswagen automobile finance company's products, the companies have to follow, the initiative to consumers great, ease the repayment pressure. Another one of the same place is the distribution mode, in addition to the cooperation of Beijing modern choice and a bank, other auto finance company is through the distributors to complete the sales of their products.

From the business point of view, the most widely to set up the first number GMAC-SAIC automotive finance company, has been extended to more than 80 city nationwide, nearly 300 dealers. Followed by the public and Ford, Beijing modern, some other auto financial company covers are relatively small.

From the loan interest rates, the best is the modern Beijing, because the way choice and bank cooperation, it also belongs to the bank car loan products. And between the automobile financial company the lowest interest rate to the number of Toyota, 5 - year interest rate is 8.13%. While the mass elastic car loan interest rates are lower, in a period of 5 years as an example, the elastic car loan is 8.35%, the standard car loans to 8.9%. And flexibility, wear - the products with the most flexibility, to calculate the interest according to the period and the proportion of loans Shoufu, Shoufu more generally, the shorter the time limit, the interest rate is also lower.

From the models of brand choice quantity, is the most popular automobile financial company. Mass models in Chinese, including Shanghai Volkswagen and FAW Volkswagen and FAW joint venture brands. The second is Ford, including not only the domestic models, including imported models, such as Land Rover, jaguar.

From the review time, is the fastest Ford, the fastest in the materials to be submitted 1 days can lift car. The longest is Toyota audit, long, to 7 days. More stringent review and Volkswagen and Beijing modern. In the Beijing modern audit strictly, the 2 into a down payment only for special occupation, the other must be a minimum of 3 into a down payment.