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What is the automobile finance company?

The automobile financial company is engaged in the automobile consumption credit business and provide professional institutions related to the automobile finance service, has the nearly hundred years history in the foreign countries. An auto financing company usually belongs to a large automobile group, become an important part of automotive consumer services to consumers. Some countries such as the management of financial institutions, some countries only as a general business management.

Our existing rules and regulations,

Consumer credit is a financial business, only the financial institutions can apply for. Therefore, the "measures" clearly stipulates, auto finance company is a non bank financial institution to provide loans for auto buyers and sellers China within the. First of all, the automobile finance company is a non bank financial institution, and the car industry is not a general; secondly, the automobile financial company specialized in auto loan business, its business is different from banks and other non bank financial institutions; thirdly, the service object is fixed China mainland car buyers and sellers. Car buyers including natural and legal persons and other organizations; automobile seller is specialized in automobile sales dealers, does not include car manufacturers and other forms of sellers.

What the automobile financial company

The automobile financial company is engaged in the automobile consumption credit business and provide professional institutions related to the automobile finance service, has the nearly hundred years history in the foreign countries. Usually, auto finance companies belonging to the large automobile industry group, become an important part of automotive consumer services to consumers.

The "measures" clearly stipulates, auto finance company is a non bank financial institution to provide loans for auto buyers and sellers China within the. It has three meanings: first, the automobile financial company is a kind of non bank financial institutions, and not the general automobile enterprises. Second, the automobile financial company specialized in auto loan business, its business is different from banks and other non bank financial institutions. Third, its service object is determined as the Chinese mainland car buyers and sellers. Car buyers including natural and legal persons and other organizations; automobile seller is specialized in automobile sales dealers, does not include car manufacturers and other forms of sellers.

"Measures" provisions, the Chinese CBRC approval, auto finance companies may engage in some or all of the following operations: (1) accept the domestic shareholders units for more than 3 months term deposit; (2) provide the purchase a car loan business; (3) for auto dealers procurement vehicle loans and operating equipment loans (including exhibition hall construction loans and spare parts repair equipment loans and loans); (4) the transfer and sale of auto loan receivables; (5) borrowing from financial institutions; (6) to provide security for the loan purchase a car; (7) associated with the purchase a car financing agency business; (8) approved by the China banking supervision on the other credit business.