*** Purchase car boom over traditional car loans

Recently, a series of moves by the central bank to raise interest rates have tightened the “money bag” of various banks. Many banks have raised the interest rate for car loans, and financial companies have followed the market, which has virtually increased the burden on car buyers. Many citizens began to look to the "zero interest, zero fee" credit card installment business.

40% of low-end car mortgage loans are no longer fresh. “At present, the demand for car loans in Linyi Auto Market is relatively large, especially for mid-to-low-end vehicles. According to the statistics of car sales in our stores, the average price per 10 cars sold is low. In the end car, there were 4 vehicles that handled the loans and car purchases, said Zhu, manager of a 4S shop in Yuantong Automobile Supermarket.

Afterwards, the reporter visited a number of 4S shops on Luohe Road and learned that car loans are not new in the eyes of consumers. At present, many financial companies’ loan application points are located in 4S stores. The loan situation is roughly the same as Yuantong Automobile Supermarket.

According to the staff of the Shanghai Volkswagen Finance Company, “The near-water towers will get the first month, and the loan application point will be set up in the 4S store, which will make it easier for car buyers to apply for loan procedures. Therefore, when consumers look at the car, they can choose to buy a loan by the way. Business, extremely convenient."

This reporter learned that, in addition to the financial company's auto loan business, most of the 4S stores in Linyi can provide bank auto loan business to the public. In addition, credit card installments and other ways have also begun to enter the 4S shop.

Increase in car loan interest rate by increasing people’s car purchase costs “It is not only difficult to buy a house loan, but also it is difficult to buy a car by using a loan, or the bank’s interest rate is rising fast. Loans to buy a car are not worthwhile, or they simply do not accept it. This is really troublesome.” Mr. Yao, a citizen, recently thought A car with a market value of about 300,000 was purchased, but after consulting several banks, it was found "not the time."

The reporter learned that since the central bank raised the benchmark interest rate on April 6, many banks have raised the interest rate on auto loans, and the interest rate on auto loans has generally risen to around 120% of the benchmark interest rate, leading to increased costs for consumers to buy cars. Moreover, under the influence of the credit crunch, it is not easy for individuals to directly apply for car loans from banks. More banks have already chosen to “do not handle” or “curve management”.

In the interview, the reporter found that the auto finance company also followed up the car loan interest rate. According to the relevant person in charge of Yuantong Group's Shanghai Volkswagen Fenghua 4S store, the "VW Finance" passed the auto loan business, and the interest rate rose by 0.5%.

Consumers are even more sensible in their car loans and aiming at increasing the interest rate of credit card installment car loans, which will increase the burden on consumers who are buying loans. Some people with low incomes but enthusiastic buyers are out of the ranks of car buyers, and people who are currently paying for mortgages have also increased the burden. Under pressure, consumers are more rational and look for credit card installments.

“According to the current situation of loan car purchase, with the increase in the interest rate of traditional bank car loans, the cost of consumer car purchases has increased. It is relatively cost-effective to use credit card interest-free loans to purchase cars.” The relevant staff of the Lincang branch of ICBC said that although it is only possible to purchase certain models, Apply for a credit card installment car, but basically meet the daily needs of most consumers.