China's auto market phenomenon of "cheaper car loans" has been stopped by regulators

The phenomenon that "buying a car with a loan is cheaper than paying in full" that was once prevalent in the Chinese auto market has recently been stopped by regulatory authorities. This model, known as "high interest and high return", although it appears to be a "win-win-win" for consumers, dealers and banks, is actually a way of taking advantage of loopholes in the country's new energy policy. With the intervention of regulators, this model has been stopped, triggering the industry to think about the future development direction.