Can You Finance a Car Purchase at Auto Shows?

[JanelleLee]

At auto shows, it is possible to finance a car purchase, but the discounts may not be as substantial as when paying in full. For specific details, you can consult the dealers. Below is relevant information about financing a car purchase: 1. Car Loan Process: (1) The customer selects a vehicle at a bank-authorized dealership and signs a purchase agreement or contract. (2) The borrower applies for a personal auto loan from the lending bank. (3) After approval following investigation, the contract is signed. (4) Procedures such as vehicle notarization and mortgage are completed. (5) The lender (bank) disburses the loan. (6) Once the loan is fully repaid, the lender (bank) cancels the collateral documents and returns them to the customer. 2. Car Loan Requirements: (1) Possession of a valid ID and full legal capacity. (2) Ability to provide proof of fixed and detailed residential address. (3) Stable employment and capability to repay the loan principal and interest on schedule. (4) Good personal social credit. (5) Holding a car purchase contract or agreement approved by the lender. (6) Other conditions stipulated by the cooperating institution.

[Margie]

When I ordered a car at the auto show, I also applied for a loan on the spot—it was incredibly convenient. Most exhibitors at the show have partnerships with banks, so there are dedicated financial consultation desks right in the exhibition hall, staffed by professionals in formal attire who assist with the process. I brought my ID card, salary statements, and credit report, and the pre-approval was completed in just half an hour. The best part was the exclusive auto show benefit—I secured an interest rate 0.5% lower than the usual rate at 4S dealerships, plus a waived 3,000 RMB handling fee. However, I recommend researching loan options in advance, as the crowded show can make it easy to overlook details. My neighbor rushed into signing a contract with high monthly payments. Also, remember to confirm loan eligibility for your chosen model—some limited-edition cars don’t support installment plans.