Car loan fee rate rises as consumer car purchase costs increase

After entering October, the credit line for the new season is still tight. With the increase in the scope of deposit reserve payment, banks are getting more tight. The reporter learned from the car dealers that the car loan business of some banks was suspended due to the use of loan lines.

"October 1st to 15th, we can apply for a car loan business. After the 15th, the bank will stop processing. This makes some customers who want to pay by installments to temporarily abandon the car." BYD a dealer surnamed Wu told reporters Following the suspension of car loan business in August and September, the Construction Bank tightened its car loans again in the first half of October.

The reporter then contacted Mr. Wan, who was in charge of the auto loan business at CCB. He told reporters: The amount of car loans for banks was used up in the first half of the year. There are too many people applying for auto loans now, and they only open the quotas at the beginning of each month. . At the same time, he said: Stopping car loans at the beginning of July was because the amount of car loans was used up in the first half of the year. Afterwards, the recovery of business was from other places.

Dealer dealers told reporters: Some banks have significantly increased the threshold for car loans, many customers do not meet the conditions for car loans, previously can use a friend's real estate license as a guarantee for loans, and now the real estate license can only be used as the owner of the loan guarantee .

At the same time, banks that had previously been involved in car loan business are brewing to increase the car loan fee rate. A staff member of China Merchants Bank responsible for credit card car loans told the reporter that since China Merchants Bank has used a credit card car loan, it has not adjusted the rate, but starting from November, the one-year car loan fee rate will be raised by one point.

In addition, Construction Bank credit card car loan related staff told reporters: CCB from October 1st, the fee rate has been adjusted from the previous "3,6,9" to "6,9,12". In other words, if you borrow 100,000 yuan for a year, you only need 3,000 yuan for the one-year fee, now it will cost 6,000 yuan, which will double, and the two-year fee for the 100,000 yuan loan will increase from 6,000 yuan to 9,000 yuan. The 3-year loan rose from 9,000 yuan to 12,000 yuan.

The leakage of house leaks is accompanied by rain, independent brands and some auto brands that have failed to win interest from manufacturers. It is expected that the sales volume will be affected by the bank's increase in commission rates. At present, the proportion of car loans for most brands has accounted for 3-4 percent of overall sales. "Banks tighten car loan quotas and customers who want to borrow cars can only go outside to borrow from usury," says BYD, an independent brand dealer. Since the implementation of the New Energy Conservation Subsidy on October 1, the original car that had enjoyed an energy saving subsidy of RMB 3,000 has reduced the concessions. This has also affected the auto market of “Yinshi” in a certain degree. Slight advantages over self-owned brands are car brands that have long established financial companies. Mr. Yao, a marketing manager of the Shanghai GM Buick brand, told reporters: Since the tightening quotas such as the Construction Bank, most of the customers have switched to adopting loan programs provided by financial companies. However, in September, the Agricultural Bank of China began to set foot in the car loan business, and the fee rate was similar to the “3, 6, and 9” of the previous CCB, which will provide consumers with more options for buying cars.