China Car Leasing set to explode!

Chinese Car News | Ash | January 31, 2008 at 8:02 pm

Car leasing is common enough in Europe and North America, but it is a largely new concept to China.

Yesterday the China Banking Regulatory Commission laid down new regulations on leasing cars to the Chinese populace. Under the rules, auto companies could lease cars to fleets or individual owners for a monthly fee, and give them the chance to buy the cars once the lease is up.

China Car Times can see this becoming a massive service in China!

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.