It is understood that Article 22 of the Measures for the Administration of Automobile Loans jointly promulgated by the Central Bank and the China Banking Regulatory Commission stipulates that the amount of loans for personal use by lenders shall not exceed 80% of the price of automobiles purchased by borrowers, that is, the law does not allow and recognize "zero down payment", which is illegal. "Zero down payment" literally means that the customer borrows money to buy a car without down payment, and only needs to repay the loan on a monthly basis. This is actually very tempting for many people, especially young people. The reporter learned that at present, the so-called zero down payment car purchase in the car purchase market is mostly 4S shops shouting slogans for promotion.

But in fact, auto financing institutions and small guarantee companies are operating. A salesperson of a 4S shop in Zhengzhou revealed that the down payment of zero down payment is paid by the company itself, and the purchase tax and insurance can be funded by a third party. "To put it bluntly, it is a kind of private lending, and then they pay interest."

Article 22 of the Measures for the Administration of Automobile Loans jointly promulgated by the Central Bank and the China Banking Regulatory Commission stipulates that the amount of automobile loans granted by lenders shall not exceed 80% of the price of automobiles purchased by borrowers. That is to say, "zero down payment" is not allowed and recognized by law and is an illegal act. Jiang, executive vice president of Henan Automobile Industry Association, pointed out that zero down payment cars are usually mortgage cars in stock, and it is very risky to buy them in this unreasonable and illegal way.