The development of the used car market will drive the coordinated development of the entire automotive industry's aftermarket business. As China's auto market matures, auto finance leasing will coexist with auto finance companies and commercial banks in the form of coexistence of 'troika' and auto financing. Leasing will usher in a huge space for development.
In daily life, many customers choose auto financing leasing to solve the shortage of funds due to the purchase of vehicles. Compared with the early stage automobile consumption, auto financing lease 'car first, then get' car consumption, not only With the characteristics of ultra-low down payment and rich purchase options, consumers can take the lead in obtaining vehicle use rights. As a result, auto finance leasing has gradually become the main consumer of the market.
What are the differences between the traditional car purchase model and the auto financing leasing model in procedures, down payment, interest rate, etc.?
formalities:
Commercial Bank Loan: It is necessary to provide information such as account book, real estate license, etc. Usually, it is also necessary to use the house as a mortgage, and to find a guarantee company to guarantee security, and pay the deposit and handling fee.
Auto finance lease: The threshold is low, non-local accounts are also available.
down payment:
Commercial bank loans: The general down payment is 30% of the car price.
Car financing lease: Minimum 0 down payment.
interest rate:
Commercial bank loan: It is determined based on the benchmark interest rate. In addition, it also generates handling fees, account management fees, etc., and pays in advance, taking up the cost of capital.
Auto finance leasing: Some models have factory support policies that can reach the lowest market price.
Financial facilities:
Commercial Bank Loans: None
Auto finance lease: smooth financial expenditures; enjoy tax benefits; save credit lines.
Second-hand car market will drive auto aftermarket business to develop auto financing lease or meet huge development space
In the first half of 2017, the total volume of second- hand used cars reached 5.8371 million units, with a cumulative transaction amount of 389.592 billion yuan, a year-on-year increase of 21.53%. The volume of transactions in the used car market has increased significantly. The rapid development of the used car market this year, and the development of the Internet in the past two years The rise of business is inseparable.
In the past two years, the second-hand car e-commerce platform has placed great emphasis on building the local market. Some of the platform's innovative C2C direct sales model has broken the drawbacks of information opacity, publicized vehicle prices and vehicle information, guaranteed through the platform, and given consumers the maximum The degree of consumer protection, so that consumers on the platform to buy second-hand car acceptance and trust are increasing.
However, at present, the level of used car development in China is at a relatively low level. In the future, with the further integration of the traditional used car industry with the Internet, the nation’s used car market will have greater improvement. The development of the used car market will also drive the entire car market. The coordinated development of the industry aftermarket business.
As China's auto market matures, auto financing leasing will coexist with auto finance companies and commercial banks in the form of a 'troika', and auto finance leasing will usher in a huge space for development.
