Lates News

The seven-year low-interest "car loan" business has been tightened by multiple car manufacturers' financial policies, temporarily extended until the end of April. The beginning of the 2026 automobile market has seen a surge in long-term low-interest car loan promotions. In recent times, this long-term loan business is being tightened, with multiple car manufacturers explicitly extending their policies until April 30, 2026. It is currently uncertain whether it will be extended beyond that date. "Some banks have stopped the seven-year (car loan) term, and these days, it is rumored that leasing companies are also being asked to stop," revealed a car finance professional from a joint-stock bank. A salesperson from Xiao Mi's car division displayed an internal notification: following the adjustment notice from the bank, the acceptance of 6-7-year term products may stop at any time (an industry-wide event) and at the latest by April 30. Another bank representative specializing in a certain new energy car manufacturer stated, "Our bank previously listed the 7-year low-interest product for a period of time, but later discontinued. Other banks are still doing it, but now there are talks of stopping the 7-year low-interest product, and we don't know exactly when it will stop." (21 Finance)