The new car loan policy is coming. After reading these, buy a car!
Cctv newsThe central bank and the China Banking Regulatory Commission recently jointly issued the Notice on Adjusting Policies Related to Automobile Loans, announcing thatSince January 1, 2018:
The highest proportion of loans for self-use traditional power vehicles is 80%;
The highest proportion of commercial traditional power vehicle loans is 70%;
The highest proportion of loans for self-use new energy vehicles is 85%;
The highest proportion of commercial new energy vehicle loans is 75%;
The highest proportion of used car loans is 70%.
New regulations on new energy automobile loans will be added to increase the proportion of used car loans.
The original "Measures for the Administration of Auto Loans" stipulated that the amount of auto loans granted by lenders should not exceed 80% of the price of cars purchased by borrowers; The amount of commercial vehicle loans shall not exceed 70% of the price of the car purchased by the borrower; The amount of second-hand car loans shall not exceed 50% of the price of the car purchased by the borrower.
Compared with the original provisions, the New Deal:
The proportion of traditional power car loans remains unchanged;
New regulations on new energy vehicle loans have been added;
The definition and description of new energy vehicles are added, that is, "vehicles that use new power systems and rely entirely or mainly on new energy sources, including plug-in hybrid vehicles (including extended-range vehicles), pure electric vehicles and fuel cell vehicles";
The maximum proportion of used car loans has increased from 50% to 70%.
The two departments said that the adjustment of auto loan policy aims at improving the supply of auto consumer credit market, releasing diversified consumption potential and promoting the economic development of green environmental protection industries.
New car loan period shall not exceed 5 years.
The New Deal also clarified the interest rate and loan life of auto loans:
The loan period of a new car shall not exceed 5 years;
Second-hand car loan period shall not exceed 3 years;
The term of the dealer’s car loan shall not exceed one year.
The interest rate is in accordance with the loan interest rate regulations published by the People’s Bank of China.However, the method of interest calculation and settlement can be determined by the borrower and the lender through consultation.
Encourage the public to buy new energy vehicles.
Dong Ximiao, a senior researcher at Chongyang Financial Research Institute of Renmin University of China, said that from the difference in loans between new energy vehicles and traditional power vehicles in this New Deal,The policy encourages the public to buy new energy vehicles.It is conducive to the development of the new energy automobile industry. On the other hand, part of the current automobile consumption market has shifted from first-hand car consumption to second-hand car consumption, soThe policy of increasing the proportion of used car consumption is timely..
