Build financial service capacity to become bigger and stronger Hualing heavy truck brand

In the first half of 2010, the domestic economy accelerated its development, and all infrastructure constructions were in full swing. Commercial vehicle prices were even hotter. Against this background, Valin Motors took the lead and achieved good results in production and sales of nearly 18,000 vehicles. However, since May, the market has gradually entered the off-season. What should the market do during this period? The role of financial instruments will become more prominent. In the second half of this year, Valin will help dealers build their financial services capabilities and give full play to the role of car mortgages in order to achieve full-year sales targets.

A car mortgage is a loan issued by a lender to a borrower who applies for a car purchase. It is also called a car loan. A closer look at the Valin's automobile mortgage loan charter, the main elements at a glance, when customers purchase Valin heavy trucks, generally need to pay down 30%, 70% mortgage, in addition to the need to pay 10% margin, and the loan interest rate is based on the benchmark interest rate Up 10%, in addition the first beneficiary of vehicle insurance is the loan bank. The detailed process of subdividing into loans is: the customer first needs to provide relevant information to Hualing Corporation and the lending bank for preliminary assessment, and Hualing and Bank verify the information provided by the customer in conjunction with the related personnel, and the conditions are met by the distributor. After the bank has signed the relevant contract, the bank approves the agreement (the customer needs to open an account in the Maanshan loan bank; the customer needs to pay the deposit to Hualing, place the order, and specify the mortgage vehicle on the order), and the customer pays the first payment and pays the insurance At the expense, the company then issued another car to the customer. After the bank's loan was credited, the car was registered for the mortgage. Finally, the customer paid monthly interest and principal to the bank, and the entire process was completed. It is reported that the current automobile loan business with Hualing is mainly Huishang Bank and Bank of Communications.

Hailing’s Deputy Minister of Finance Yang Zhigang, familiar with the financial business, was very satisfied with the effect of Hualing’s efforts to promote sales through financial means over the years. He said that sound financial service support not only effectively ensured the normal withdrawal of Hualing’s funds, but also paid dividends. As the first beneficiary of insurance, the bank effectively controls its own loan risk and will also promote market sales more effectively, making Hualing Corporation, distributors, customers, and banks all benefit from it. A virtuous circle has formed among them. This will help greatly increase the market share of Hualing Heavy Duty Trucks. This is also the direction of our efforts in the second half of this year and beyond.

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