Financing Channels Multiple Capital Flows Active Ordos Loans Buying Commercial Vehicle Trends

Loan to buy a car, the full amount of money to buy the car you choose? Commercial vehicles as production tools use the form of loans to buy far more than the full cost of buying - this is the astute place of the Ordos people.

It is reported that more than 90% of users in Ordos are using loans to purchase cars. Buy a car of cash can buy two loans. Ordos do not choose to buy cars in full, not because they have no money, but they are reluctant to buy in full. The sources of these users are relatively stable, and income guarantees the return of loans. For dealers, they are more willing to make consumer loans when the risk is controllable, because the profits are high.

The distributors also took the form of self-funding to do the staging for the users, and the dealers' own mats were also funded from bank loans and financing from the society. The bank interest rate is less than one-fifth; interest from social financing is higher, and to make up for this difference, we increase the car price. The reason why the bank does not make car consumption loans is because it is too slow. Sometimes dealers have already delivered the car to users, and the loans have not been able to come. The dealers are under great pressure. Manufacturers also have financing platforms, but the amount is small and the conditions are very harsh, so dealers generally do not use them.

Correspondingly, Ordos has extensive financing channels. In response, a person who has lived in the local area for nearly 10 years introduced: “The private capital of Ordos is active, and the flow of funds for 'underground banks' is almost equal to that on the bank’s books. In Ordos, one to five to two points per month Interest is stable and not lost. If it is higher than three points, the risk will increase."

It has been reported that the first derivative phenomenon of Erdos’s active economy is the active circulation of private capital. This is where all citizens lend. So, in the case of the stock market booming in 2007, only Erdos was called the "stock market desert," and local people feel that the risk of the stock market is too high, and it is not as good as lending and cash lending. Some people joked that in Ordos, men are busy with industrial investment and women are busy with “finance”. The rumor has it that if the interest rate is right, an unassuming street aunt can raise funds for the fundraiser to 20 million yuan in one day.

Extensive reading:
Erdos (Chinese meaning is the guard house guard) is located in the southwest of the Inner Mongolia Autonomous Region, adjacent to three provinces of Shanxi, Shanxi, and Ning, surrounded by the Yellow River on three sides, and bordered by Ordos (6 photos) on the ancient Great Wall. The total land area of ​​the city is 87,000 square kilometers. The total population of 1.59 million people, including 168,000 Mongolians, is a prefecture-level city with the Han nationality as the main body. At the end of 2007, the Chinese Academy of Social Sciences published the annual "Blue Book on the Competitiveness of China's Urban Development." The Blue Book describes Ordos: “Growth competitiveness ranks first in the country; GDP per capita reaches 1.0451 million US dollars, surpassing Beijing and Shanghai; efficiency competitiveness ranks third and exceeds Hong Kong.”

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