Car loans soar
By Zhang Fengming |
June 4, 2010, Friday
|
Print Edition
Print Edition
AUTO loans at China Merchants Bank surged in Shanghai on rising demand on leverage for auto purchasing.
The bank extended 400 million yuan (US$58.6 million) of auto loans in the first five months of this year, almost doubling the credit a year ago.
Auto dealers are more willing to team up with banks on offering loans to leverage their sales on a slowdown of sales growth, the lender said.
The sixth-biggest lender in China has offered zero-interest credit on high-end brands including BMW, Audi and Infiniti to auto buyers, with the interest cost taken by dealers to boost auto sales.
The bank extended 400 million yuan (US$58.6 million) of auto loans in the first five months of this year, almost doubling the credit a year ago.
Auto dealers are more willing to team up with banks on offering loans to leverage their sales on a slowdown of sales growth, the lender said.
The sixth-biggest lender in China has offered zero-interest credit on high-end brands including BMW, Audi and Infiniti to auto buyers, with the interest cost taken by dealers to boost auto sales.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
