Group 1 - The core difference between automotive finance and bank loans lies in the providers; automotive finance is typically offered by financial companies established by car manufacturers, aimed at promoting their vehicle sales, while bank loans are provided by various commercial banks with a broader business scope [1] - The loan application process differs significantly; automotive finance companies offer a more flexible and simplified application process, focusing on the consumer's actual need for purchasing a vehicle, whereas bank loans require a comprehensive assessment of the applicant's credit status and financial situation, leading to a more complex and lengthy approval process [2] - Interest rates and repayment methods are also key differences; automotive finance rates are influenced by the manufacturer's sales strategies and can vary widely, including promotional low or zero-interest loans, while bank loan rates are generally more stable and based on central bank policies, with fixed repayment methods [2] Group 2 - Loan terms for automotive finance are typically shorter, ranging from 1 to 3 years, reflecting the rapid turnover in the automotive industry, while bank loans offer more diverse terms, potentially extending up to 5 years or longer based on the consumer's financial situation [3] - The use of loan funds is restricted in automotive finance, which is designated solely for purchasing specific models from the brand, while bank loans can be used for various brands as long as the applicant meets the bank's requirements and regulations [3]