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