An auto financing company refers to an auto financing company established with the approval of China Banking Regulatory Commission to provide funds for auto buyers in China.

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 sellers in China.

According to Article 2 of the Measures for the Administration of Auto Financing Companies, which was implemented on June 5438+ 10, 2008, an 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 sellers in China.

Auto finance

In China, auto finance is still in its infancy, while in foreign countries, auto finance companies have matured after years of market tests, and the average proportion of car loans in developed countries is around 70%. By the end of 2006, 38.2% of users in 465,438+0 countries around the world bought cars through loans, and auto financing companies have become one of the important profit sources for auto companies.

Replacing "selling" with "renting" is also a kind of automobile financing lease. First appeared in the United States, and now it has become the mainstream auto finance service in the United States. He is different from the traditional financial loan to buy a car. He rented the car to a customer, at which time the ownership of the car belonged to the auto financing company.

Packaging and leasing reduce the threshold for car purchase. Chuangfu Auto Finance takes naked car payment, purchase tax, license fee, insurance and other taxes and fees as installment payment objects. Customers only need to pay 20% of the total amount as deposit and 1% handling fee to get the right to use the car, and return 20% of the deposit after the lease period.