What does GAC Motor's manufacturer finance mean?
1 Answers
GAC Motor's manufacturer finance means the following: 1. Definition: Manufacturer finance refers to the practice where the manufacturer or seller offers installment payment options for purchasing products. Compared to banks, manufacturer finance is a new alternative for car purchases. Manufacturer finance primarily relates to financial services associated with the automotive industry, encompassing the methods, pathways, or fundamental frameworks of capital financing involved in various stages such as vehicle R&D, design, production, distribution, and consumption. In other words, it describes how funds flow within the automotive sector, from capital providers to capital seekers. 2. Coverage: It mainly includes capital raising, credit utilization, mortgage discounting, financial leasing, as well as related insurance and investment activities. It is an inevitable outcome of the integration between the automotive industry and the financial sector.