A few years ago, the mere mention of a poor economic conditions, most consumers will first think to commercial banks for a car loan business. However, due to the trust crisis and the emergence of malicious arrears of borrowers, many commercial banks closed commercial car loan business, followed by a car finance loan business of automobile manufacturers are favored by consumers, become many working-class purchase a car "new favorites".

The automobile finance loans into the high-speed development period

Review the history, automobile credit in China began in 1995, was mainly operated by banks, but with the price drop, and the credit system is not perfect, the rate of bad debts rose sharply, automobile credit business is way down, 2004 years, professional automobile financial company entered the automobile credit area, but because the financing channels for a single, high cost, the automobile financial company the slow development, data display, in 2009, China has ranked top in the world in 13644800 car sales, but the new car purchases using credit financing is less than 10%. In order to further boost automobile consumption, increase the proportion of loans to purchase a car, the state introduced the automobile credit support policy, "through low interest lending in the form of" directly from the funding for the automobile financial company support, and as each big automobile financial companies will be the biggest beneficiary of vigorously promote the automobile consumption credit business, so as to improve the automobile consumption credit. Therefore, both for consumers or car city, it is a good thing, the automobile finance loans will also bring to the 2010 car city more benefits and promotion, in 2010, or will become Chinese automobile financial year..

Prospects of automobile financial institutions frequently

The main domestic automobile consumer credit domain are of three main types: commercial banks, car loans, credit cards, auto finance company. In recent years, the national each big bank automobile consumption credit business rapidly, shorten the Shoufu ratio increased, the examination and approval procedures strictly, the repayment period, many banks have stopped the car loan business. Temporary contraction in bank car loan on the occasion, each big automobile financial companies take advantage of a weak point, have pushed the discount policy to seize the market.

As the competition for the market cake, the automobile financial institutions have also resorted to use all one's skill, in order to gain a foothold in the market. Such as the recent Changan Ford and Ford Auto Finance jointly launched the no mortgage, no household registration restrictions, quick approval of the Changan Ford new Carnival "half pay half." financial project, according to this scheme, time for consumers to buy any new Carnival only pay 50% of the sales price as a down payment, you can buy a new carnival, the remaining 50% car customers will expire in 12 months, the contract expiration date as the tail of a one-time payment, the loan period of one year. The financial project without restricting mortgage, zero interest rates without for months, and after the expiration of the Ford financial and credit departments, can also be based on the implementation of the interest rate for the longest period of one year for refinancing. Car loans in the current consumer groups, young people accounted for the largest proportion, the new carnival is suitable for young consumer models. The new Fiesta Changan Ford launched "half pay half." financial project median consumer wants, let consumers see real benefits. Changan Ford this unique creative financial project also quite competitive advantage.

Innovation of automobile finance projectPromote the automobile credit "sprint"

Although many enterprises have launched their own auto finance loans, but the development of auto finance business in China is not a royal road. Those who do not want to purchase a car loan purchase a car, one is their lack of understanding of the different financial institutions for automobile and auto loan programs, on the other hand, although the approval conditions by using the auto finance company loan purchase a car of the relatively loose, but consumers to accept loans than commercial banks a lot higher interest rates and a fixed brand models limit the adverse conditions. So, how to improve the purchase a car knowledge in these areas is essential to increase people's financial needs, while Changan Ford launched "half pay half." financial project is good for consumers to recognize the financial benefits of the. Compared with the other installments of the financial project, not only without any collateral, without any restrictions, but also zero interest rates, not for months, you can completely shopping or investment with the rest of the money, this innovative automobile credit model is completely in the consumer's position for the sake of purchase a car, can obtain many consumers recognition.

Once the loan purchase a car began to spread, Chinese car sales will be amazing digital, auto loan company to provide such financial services will surely earn basin full earthen bowl is full, financial plan and if can make certain creativity in the auto loan. It can promote the automobile finance market, ushering in a "sprint".