It is generally agreed that there are two main difficulties in the implementation of auto finance: one is credit evaluation, the other is risk control. These two difficulties directly affect the progress of automobile finance in China.

The credit system formed over hundreds of years in developed countries such as Europe and America has strong binding force on individual consumption decisions and repayment willingness, and the probability of consumers not repaying is very low. However, China has just started to set up a personal credit system, and it will take quite a long time to achieve this effect.

Risk control is linked to the credit system. Some people think that in the current situation of our country, automobiles are not suitable as mortgages for loans. Because the car is a movable property, the track after the loan cannot be implemented; Even with GPS tracking, some vehicles are very difficult and costly to track. Moreover, in recent years, the price reduction of automobiles in our country is especially large, coupled with depreciation, after one or two years, the value of automobiles themselves may no longer be able to meet the loan balance to be repaid.

Despite the risks, many car companies are still eager to try. As early as 2010, Beijing Modern, Shanghai GM, FAW Toyota, DongFeng Peugeot and other car companies began to test automobile finance. In recent years, some used car trading markets have also played automobile financial licenses. For example, the Chevrolet Youth Program is the first dedicated automobile financial loan service program for young people launched by Shanghai General Motors in conjunction with SAIC General Motors Finance. Based on the actual market price of the car model, this scheme provides a low down payment + first-year low-month car purchase loan. After 2 years, new cars can be purchased at any time, which provides consumers in the start-up period and the rising stage of their business with a lower threshold, more in line with their financial habits and consumption habits.

The healthy and stable development of automobile finance necessarily requires that risk be controlled. In the era of "Internet+", vehicle networking has developed rapidly. The author believes that the automobile financial risk control through the automobile networking technology will become the future development trend.