JAC Getting Into The Auto Loans Business

Chinese Car News, Jiangling Motors | | December 25, 2006 at 6:08 pm

jac vision JAC Getting Into The Auto Loans BusinessJAC the Anhui province based auto maker is teaming up with China Oriental Asset Management company to start providing auto loans to potential buyers. Getting an auto loan in China is tough – you have to pay a hefty down payment and that doesnt always guarentee you a loan from one of the big banks – now that a company is out there specializing in auto loans they will no doubt be a big success in China. JAC and China Oriental have put together a 500 million RMB investment plan according to a document filed with the Shanghai Stock Exchange. JAC will invest 100 million RMB and its parent company, Jianghuai would invest 150 million RMB for a 30% share.

Perhaps I can get a loan to buy a JAC Vision 2 now – pictured left

ash 010 web avatar JAC Getting Into The Auto Loans Business

Ash

Ash came to China at 18 on a whim and never left. Some 10 years later he collected a degree and a family along the way and now focuses his time on watching the Chinese car industry develop. He has witnessed the market change from being minor backyard market in to the world's biggest and most important market for all car manufacturers. You can contact or connect with him via Linkedin by clicking the 'Website' link.

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1 Comment so far, why not add your thoughts as well?

  1. avatar kkrit ilovewasa says:
    December 25, 2006 at 11:31 pm

    Likes a JAC Vision, JAC Vision 2 is a prototype car. But I think JAC Vision (first version, red prototype) looks better.

    Reply

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