The car loan is one of the financial products that the credit company offers. The credit company obtains the commission, and provides a cash transfer service to the car sales companies, and the customer's division payment services.
Because the credit company bears the delay risk and the irrecoverable debt risk to the car loan of the credit company, sales companies can obtain the sales price by a no risk.
The installments commission repaid by the customer every month became earnings in the credit company, and sales companies did not worry about the risk, and came to use the car loan that was able to concentrate on sales.
It is said that the mainspring with which a present major credit company came to develop the nationwide branch net is a rapid spread of the car loan.
Moreover, the financial institutions of the bank and the credit union, etc. also have entered the car loan.
A commodity here is a personal intended for various cost that relates to cars of the car inspection cost and the driving license acquisition cost, etc. financing besides the purchase of the car.