多地车贷“高息高返”业务被叫停

Core Viewpoint - Recent regulatory actions have targeted the "high interest, high rebate" practices in the automotive finance sector, leading to a suspension of related business by multiple institutions [1][4]. Group 1: Regulatory Actions - Authorities in major cities such as Beijing, Shanghai, Guangdong, and Zhejiang have initiated a crackdown on "high interest, high rebate" automotive financing schemes, resulting in several institutions being ordered to halt these practices [1][4]. - Major banks, including Industrial and Commercial Bank of China, China Construction Bank, and others, have notified automotive dealers to cease cooperation on these financing models starting from July 1 [2][4]. Group 2: Market Dynamics - The "high interest, high rebate" model often combines with agreements allowing early loan repayment without penalties, making it attractive for consumers [2][3]. - A case study showed that a vehicle priced at 200,000 yuan could be purchased for as low as 70,000 yuan through financing, demonstrating that loan purchases can be cheaper than full payments due to dealer and bank subsidies [3]. Group 3: Industry Concerns - Experts warn that the competitive nature of the "high interest, high rebate" model could lead to market disorder and distort pricing, with loan costs potentially being lower than cash purchases [3][6]. - Regulatory bodies have begun to implement self-regulatory agreements to ensure fair practices among financial institutions and automotive dealers, aiming to eliminate improper competition and enhance service quality [4][6]. Group 4: Future Recommendations - Analysts suggest that banks and dealers should focus on rational competition and prioritize consumer needs by offering transparent and reasonable financial products, rather than relying on high rebate models [6].