Our Country Automobile Finance Product Innovation Research

Many problem and financial risks have taken on since 1998, the start of our automobile finance business. Now our automobile finance business is in an initial stage. However, we should not abolish it because car financial product plays an important role in making automobile industry popular. Further more , making automobile industry popular is an important gap of improving our economic development. In fact, even though automobile finance considered as a kind of high risk business, if the risk of car financial product can be innovated and controlled better, we can also get a high benefit from it.This article embarks from the auto market and the automobile finance product present situation, pointed out the prosperity of our country auto market has provided the feasibility for the automobile finance product development, but the automobile finance product lag has seriously affected the automobile industry development, thus proposed our country automobile finance product development lag mainly is the main body sole, the product type sole, the related legal system as well as the credit system not to be imperfect and so on the reason creates.The article second part through to North America, European and the Japanese developed automobile money market product pattern, the financing way and the object, the financing product superiority comparison and the specialized automobile financial company's research, obtains our country the automobile finance product to want the health development to be the main means for the various levels of innovation , and complete following four points: First, vigorously develops the automobile finance to rent; Second, the commercial bank and the automobile financial company carries on the cooperation; Third, establishment perfect law system; Fourth, implements the stricter risk management way.The last part of an article on China's existing financial products for personal consumption loans for auto leasing and auto financing was focusing on the study of how to innovate. Personal consumption loans in China have developed a certain period of time, the article its status, risk and risk control methods conducted a study on the improvement of risk control programs, and programs to improve the empirical analysis. Leasing and car financing in China has just started, and the article content and products in China conducted a study of the problem, through the development of improved risk control methods and the development of a second-hand car market to the idea of car leasing and car buyers in accordance with the design of the different situations in different vehicle leasing model.