"Excuse me, recently been tightened bank car loan business, you want to mention car loan as soon as possible, we recommend that you choose our car financial services." Recently, many consumers apply for loans in the car when the 4S shop, 4S shop Monetary Authority will present its statement from the bank car loan approval conditions apply more stringent lending prolonged situation. However, most local dealers said, auto loans increased difficulty, interest rates go up only to a certain extent, affected to a small part of the population of car enthusiasm. Respond to short-term tightening of bank car loan, there are many auto finance companies are taking launched its own credit programs, consumers have more choices when you apply for car loans, short-term bank offset the impact of tightening auto loan.

Kero   Throttle Body   , the previous car loans to customers in the store, mainly concentrated in the four major state-owned banks, but has increased the difficulty of the recent approval of feeling, so if the conditions are met customer requirements on a slight gap from banks or anxious car, auto finance companies will introduce loan programs to customers. From a cost perspective, although a little higher interest, but the approval conditions are more relaxed, lenders also fast.

But the distributor, as the current bank car loan approval stricter lending prolonged somewhat floating loan rates, the proportion of consumers choose car loans have decreased to some extent. "There is no special statistics, but it is now heard that some customers did not previously apply for car loan interest rate concessions, so the final choice to buy." More sensitive to short-term changes on the car loan principal is to buy low-end car owners, compared to the luxury car owners, their car loans generate interest, fees and other more sensitive, if not eager vehicles, etc. are not seen as few people choice.

The degree of sensitivity for auto loans tightened, but also related to their loan term. If you choose more than five years, or even the owners of the loan period, often only choosing a bank car loan mortgage. Because if the term of the loan, the interest rate is comparatively small, the actual loan interest rates go up even if there is, it does not cost too much. According to a Financial Commissioner introduced, such as a repayment term loans 100,000 yuan a year vehicles, banks are not in the current 9.5% interest rate concessions in the case, one year more than the cost of a few hundred dollars to spend, consumers will not have too much pressure.

Hence there are situations, in need of car loans to consumers, although some choose to wait and see the car again, but choose to raise the down payment and repayment of short-term increase in the proportion, more consumers still choose one-time payment .

Auto credit growth in recent years has become a major force behind the automobile market. To stimulate car loan, boost market, the car brand's financial firms have taken the lead shot, to seize the car loan customers. Low down payment, low interest rates or even zero interest rates, low monthly payments and other programs are able to attract the attention of consumers. For the moment the impact of tightening bank car loan term, many auto finance companies as an opportunity to start a big way to grab market. MG, hippocampus, Fiat, Volkswagen, Toyota, have launched a corresponding car loans program, the main selling point more for 0 down payment, 0 interest, 0 for the month or a year interest-free and so on.

Another industry source said the bank was not too keen on the car loan business, mainly in bank credit is still hot, but generally smaller car loan, bank input and output is limited. This is also a lot of commercial banks did not even launched specifically for the auto loan business reasons, which also specialized auto finance company's development reserved space.

According to the  Throttle Body   Kero noted, for many consumers, the auto finance company gives preferential loan program is certainly very attractive, but the brand is basically two models developed for a special offer financial solutions, preferential time point is limited. Moreover, consumers are not the so-called zero-interest, zero down payment and other promotional confused eyes, in fact, not all zero interest, zero down payment are cost-effective. In the car, the dealer deals the rebates and loan concessions as two can not coexist. If you want to use preferential car loan program, it may not enjoy the price. Therefore, these characteristics of financial services really let yourself get the benefits, have to take some calculated. The most practical way is to first know the model number of goods than the market price, and then dispense with interest and preferential measure which way the prices of the most cost-effective.