The car mortgage industry can be described as chaotic.
Editor’s note: This article is from WeChat public account “Zinc scale” (ID: znkedu), author Chen Dengxin.
The Ruizhou coffee of the Shenzhou Department is in the limelight and constantly expands its borders, which virtually obscures the dilemma of the brothers of the same brothers.
A few days ago, Shenzhou UCAR released the 2019 mid-year report. The China Daily reported that Shenzhou UCAR’s revenue was 1.919 billion yuan, down 48.98% year-on-year, and net profit was -652 million yuan, down 550.28%.
Business income is almost lost, and net profit is turned from profit to loss.
An important factor in the company’s performance encountering Waterloo is: “In view of the long-term interests of the company’s business layout, the company actively controlled the growth of the car’s flash loan business during the reporting period and increased risk management and control. During the reporting period, the revenue of car flash loan business decreased compared with the same period of last year.
Why should we actively control the growth of the car’s flash loan business? The zinc scale survey found that it may be related to many consumers complaining that China’s car flash is suspected of “stealing cars” and “cutting down the head”.
Of course, it is not the Shenzhou car flashing a lot of complaints by consumers. The auto mortgage loan industry generally has a “cutting interest rate”. With a financial leasing contract as a loan contract, consumers are easily misled in the case of information asymmetry.
The brutal growth of the car mortgage industry can be described as chaotic.
Financial leasing into “shield”
“No car, fast money, car can be loaned, mortgage car can also be loaned.
Li Weiyi (pseudonym) who lives in Zhongshan just saw this slogan and decided to pay Foshan to Shenzhou.The branch office makes a car mortgage loan.
However, in the process of repayment, there was a dispute. Li Weiyi found that the Shenzhou car flash loan did not pass legal means, nor did he notify him in advance, and “sneaked” Mr. Li’s car.
After reporting to the Sina Black Cat platform, the car was returned to me and the interest was reduced by 7,000 yuan.
“Li Wei Yisheng told the Zinc scale reporter, “It is obviously a car mortgage loan contract, but it tricks the lender into signing a financial lease contract.
A senior person in the Credit Department of a commercial bank told the Zinc scale that the two contracts are very different and cannot be confused: “Mortgage, car ownership is still in the hands of users, and financing leases, car ownership is debited by the borrower. Until the debt is paid off. Relatively speaking, the financial leasing contract can better protect the interests of the lender.
In other words, the mortgage loan through the financial leasing method has caused disputes during the repayment period. For example, if the payment is not paid in time, then the Shenzhou car flash loan has the right to take the car away.
In this regard, Li Weiyi also has objections: “When signing a contract, although the sales notice is a financial leasing contract, it claims that the financial leasing contract has the same effect as the mortgage contract, so It’s not easy to know the difference between the two contracts.
A lawyer who asked not to be named said to the zinc scale reporter:
“Because of the asymmetry of information, it is difficult for consumers to protect their own interests after signing a financial leasing contract. If legal channels are used, Chinese car flashes often wins unless consumers collect evidence of misleading fraud by Shenzhou car flash loan workers.
On February 28, 2019, the Higher People’s Court of Fujian Province revealed at the press conference. Since last year, the Pingtan Court has accepted a total of 668 cases involving Shenzhou Car Flash Loan Company, with a target amount of 123 million yuan.
Zinc scale reporters checked the relevant information and found that the Shenzhou car flash loan is indeed based on winning.
According to the complaints from a number of consumers, Li Weiyi’s experience is not a case, but a common phenomenon. However, they do not have evidence of recording or video recording. Therefore, they are not satisfied with the Shenzhou car flash loan and are willing to negotiate to solve the problem. .
Ghosts cause regulatory attention
Call the official customer service, the zinc scale reporter knows that the overdue non-replacement company will indeed collect the car, but emphasizes the mortgage loan contract, not the financial leasing contract.
Continue investigation and find that
Not only the car mortgage loan platform of China Car, but also the car loan platform, such as the car loan system, has adopted the financial leasing model and has become the “standard” of the industry
.
A senior account manager of a microfinance company told the Zinc scale reporter that the bank is willing to provide loans for the new car, and will not provide loans to the used car. As for the car mortgage, only a few banks such as Ping An Bank will take over, so the financial leasing Found a place to use.
In addition, financial leasing can reduce the down payment of used cars, and the lessee first obtains the right to use the car, and the completion of the instalment is completed, and then the ownership of the car is obtained.
This business, microfinance is also doing, but the financial leasing has a relatively wider authority, and can quickly and legally collect the car, so the excellent used car, bomb car, fun shop, Shenzhou car flash Lending, Yixin car loans and other platforms use the financial leasing model
.
Zinc scales have been reported to play a car, 1% down payment can buy a car.
The car is equipped with GPS in every vehicle sold. When the user has behaviors such as overdue, default, etc., the car will find the vehicle through GPS and drag it away, relying on financing. Lease:
“How can I steal if I take back my own things?
A car mortgage platform sales admits:
“The initiative will tell the special nature of the financial leasing, if you don’t ask, it will be over, the car is a very sensitive point, the user may not be able to make a pass, after all, promised not to drive.
Zinc scale reporter downloaded the Shenzhou car flash loan APP. In the “Frequently Asked Questions”, “Lending and Repayment” in the “Car Flash Loan Guide”, there is no mention of the financial leasing authority and controversy that consumers are generally concerned about. The official has the right to receive a car and other similar issues. No wonder,When consumers and the platform are in conflict, they often feel the loss of feelings, so they frequently complain on the Internet that such companies are suspected of “routing loans” and “stealing” Car, “grab car”, etc., leading to both sides