Is Xpeng Auto Finance Application Strict?
3 Answers
Xpeng Auto Finance application is acceptable. Here is some information about tires: 1. Introduction: The sidewall thickness of the tire is 5mm. Automobile tires can be divided into pneumatic tires and solid tires based on their carcass structure. The vast majority of modern vehicles use pneumatic tires. Depending on the air pressure inside the tire, pneumatic tires can be categorized into high-pressure tires, low-pressure tires, and ultra-low-pressure tires. 2. Types: Low-pressure tires are commonly used in various vehicles. Pneumatic tires can also be divided into tube tires and tubeless tires based on their structure. Tubeless tires are widely used in passenger cars. Depending on the arrangement of the internal cord ply and cushion layer, tires can be further classified into radial tires and bias tires. Radial tires are commonly used in vehicles. The sidewalls of tires are all marked accordingly.
When I applied for XPeng Finance to buy a car, the whole process was quite standard. I had to fill in personal information online, including monthly income and proof of employment, then upload my ID card and pay stubs. The bank system automatically checked my credit score, which was around 740—a medium level—but I still had to wait two days to receive an email notification approving the loan. The minimum down payment required was 20%, and they were strict about not having too many overdue bills. It didn’t feel overly strict, similar to other EV brands like Tesla or NIO, but faster than traditional banks. The advantage was the fixed interest rate and transparent monthly payments. As long as your credit is decent and you prepare the required documents in advance without missing anything, the application should go smoothly. The only reminder is that electric cars depreciate quickly, so during the review, they might pay extra attention to your repayment ability to avoid defaults. After buying the car, I felt the experience was decent—at least there were no hiccups.
My credit score wasn't high, only 680 last year, and I got rejected once when applying for XPeng Finance. They focus heavily on continuous employment history and stable income, and my frequent job-hopping raised concerns. Later, I supplemented with an offer letter from my new employer and increased the down payment to 25%, finally getting approved. Comparatively, XPeng is more lenient than state-owned banks like ICBC or CCB, but less flexible than some fintech companies. The reason is they need to control loan risks, especially given the fierce competition in the EV market and the volatility of used car prices. Before applying, I recommend pulling your credit report to check for any negative records, writing a clear income statement, and making sure all documents are complete before submitting—don't rush the application.
