VOLKSWAGEN FINANCE (CHINA) STARTS AUTO LOANS BUSINESS
AsiaInfo Services, October, 2004
AsiaInfo Services 10-26-2004 Volkswagen Finance (China) Starts Auto Loans Business BEIJING, Oct 26, 2004 (SinoCast via COMTEX) -- Beijing-based Volkswagen Finance (China) Co., the first exclusively foreign-owned automobile finance company in China, announced on October 21 that they had begun the auto loans business in China. The company will introduce two dominant products for private auto buyers at the beginning, said Xia Furui, general manager of the company. Standard loan is a traditional auto loan.
After choosing a proper model, the auto buyer shall offer a down payment first, and then make a monthly payment for a specified number of years. With the expiration of the contract, the buyer can own the auto in due form. From homeway.com, Page 1, Monday,...
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