ECB rate hike in the news oscillation of the automobile market, but also just to enter the domestic auto finance companies affected. Yesterday, the Shanghai GM's sales from stores that keep up with the pace of central bank interest rate increase, SAIC GM's financial companies to raise their lending rates: 3-year and five-year loans than before the upgrade more than one percentage point.
It is reported that SAIC GM's financial three-year lending rate from the previous 6.66 percent from 5.49 percent; five-year loan rose to 5.67 percent from 6.99 percent. Currently consumers in the gold purchase price between 10-15 million, 100,000 yuan of loans, more than a year would pay over 1,000 yuan in interest.
The industry said that as "auto finance company management approach" to auto finance company to limit the interest rates, "published in the People's Bank on the basis of the statutory rate, the highest reduced by 10 percent, as high as 30 percent," the rate of auto finance companies can not With no central bank to adjust interest rates.
General Motors and financial not the same, now open for business in China, another auto finance company, Volkswagen's financial and not directed at the central bank to adjust interest rate increase, but reporters noted that the auto finance company before the high lending rates In the bank more than a percentage point, within three years of repayment rate of 6.88 percent, compared with 6.99 percent for more than three years.
"Zero interest rate" is foreign auto finance company reach one of the killers, landing in China after it had to do as the Romans do, in the interest rate on loans no advantage at all. Not only that, due to start early high operating costs, GM and the public two auto finance companies forced to take higher than commercial bank lending rates.
Dealer told reporters, through the mass and General Motors the only finance company loans hundreds of people, so despite the financial company's interest rate hike by 1 percent or more, the effect is not obvious.
State Council Development Research Center, said Wang Qing, on the banks continue to raise the threshold of automobile credit, as at June this year, car buyers who, with bank loans to buy a car has less than 10 percent. The bank and car loan interest rates rise only 0.27 percent, the impact on consumers is also limited.
It is reported that SAIC GM's financial three-year lending rate from the previous 6.66 percent from 5.49 percent; five-year loan rose to 5.67 percent from 6.99 percent. Currently consumers in the gold purchase price between 10-15 million, 100,000 yuan of loans, more than a year would pay over 1,000 yuan in interest.
The industry said that as "auto finance company management approach" to auto finance company to limit the interest rates, "published in the People's Bank on the basis of the statutory rate, the highest reduced by 10 percent, as high as 30 percent," the rate of auto finance companies can not With no central bank to adjust interest rates.
General Motors and financial not the same, now open for business in China, another auto finance company, Volkswagen's financial and not directed at the central bank to adjust interest rate increase, but reporters noted that the auto finance company before the high lending rates In the bank more than a percentage point, within three years of repayment rate of 6.88 percent, compared with 6.99 percent for more than three years.
"Zero interest rate" is foreign auto finance company reach one of the killers, landing in China after it had to do as the Romans do, in the interest rate on loans no advantage at all. Not only that, due to start early high operating costs, GM and the public two auto finance companies forced to take higher than commercial bank lending rates.
Dealer told reporters, through the mass and General Motors the only finance company loans hundreds of people, so despite the financial company's interest rate hike by 1 percent or more, the effect is not obvious.
State Council Development Research Center, said Wang Qing, on the banks continue to raise the threshold of automobile credit, as at June this year, car buyers who, with bank loans to buy a car has less than 10 percent. The bank and car loan interest rates rise only 0.27 percent, the impact on consumers is also limited.
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