In the context of global efforts to address climate change and promote sustainable development, electric vehicles have become the core direction of the transformation and upgrading of the automotive industry with their significant advantages such as zero emissions, low noise, and high efficiency, leading the new trend of green travel. However, for many consumers, the high purchase cost of electric vehicles is still a major problem that hinders them from embracing green travel. In this context, a variety of electric vehicle financial solutions have emerged, cleverly combining the concept of green travel with flexible financing methods, paving a green road for consumers to easily own electric vehicles.
Professional services to meet car purchasing needs
As a financial institution under the auto manufacturer, auto finance companies have a deep understanding of the characteristics of electric vehicle products and market demand, and can provide consumers with targeted financial services.
Compared with bank aoto loans, the application process for auto finance companies’ loans is simpler and faster. Its review standards are relatively flexible. It not only focuses on consumers’ credit records and income levels, but also comprehensively considers factors such as the consumer’s association with the car brand and the intention to buy a car. For example, a financial company of a well-known electric car brand will give a certain preference to consumers who have multiple car viewing records in the brand’s 4S store and show a strong desire to buy a car when approving loans.
In addition, auto finance companies often launch some special financial products and services. For example, providing zero down payment or low down payment loan plans has lowered the threshold for consumers to buy cars, allowing people to easily realize their dream of green travel. Some auto finance companies also cooperate with auto manufacturers to launch interest-subsidized loan activities. During a specific period, consumers can lower loan interest rates or even zero interest loans, further reducing the repayment burden.
Sales and leaseback is another important form of financial leasing, mainly for consumers who already own electric vehicles. Consumers sell their own electric vehicles to financial leasing companies, sign a leaseback contract with the leasing company, continue to use the vehicle, and pay the rent as agreed.