CMB provides vehicle sales financing for vehicle distributors to purchase vehicles from manufacturers. The credit risk is controlled by the certificate of quality of vehicles.
Categories
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Auto makers provide guarantees for distributors.
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Auto makers repurchase vehicles that cannot be sold.
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CMB provides loans for distributors.
Advantages
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Facilitates vehicle trade.
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Provides convenient financing for companies and elevates capital utilization.
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Stimulates the sales of vehicles and higher profits.
Note:
All the contents stated above are for your reference only. Please consult the local branch of China Merchants Bank for further information. China Merchants Bank reserves the ultimate right of interpretation for the contents in this page.