Can Parallel Imported Cars Be Financed?

[VonAubree]

When purchasing parallel imported cars, the payment methods are actually similar to those for buying China-spec vehicles. You can also opt for a down payment + installment plan to help those with limited funds but a need for a car to enjoy car ownership sooner. Below is an introduction to parallel imported cars: 1. Overview: Parallel imported cars refer to vehicles that are purchased by traders from overseas markets and introduced into the Chinese market for sale without authorization from the brand manufacturer. Depending on the import source, they can be categorized as "U.S.-spec cars," "Middle East-spec cars," etc., distinguishing them from "China-spec cars" sold through traditional channels. 2. Trade: In November 2014, the General Office of the State Council proposed in the "Several Opinions on Strengthening Imports" to accelerate the pilot program for parallel imported cars in the Shanghai Free Trade Zone. 3. Usage Region: Xiamen Area of Fujian Free Trade Zone.