Global Car Finance Industry

reogma|Global Car Finance Industry

The Global Car Finance Industry is at the cusp of significant growth and is expected to attain momentum with the adoption of new technologies and Digitalization has become the “buzz” word among the Market Players, Digitalization is definitely a game-changer for the Car Finance Industry and is expected to bring about a Paradigm shift in the way the Industry Operates. The Car Finance Industry is expected to grow at a healthy CAGR of 14.3% in the forecast period (2020 -2027)

  • Definition / Scope
  • Market Overview
  • Market Risks
  • Market Drivers
  • Market Restraints
  • Industry Challenges
  • Technology Trends
  • Other Key Market Trends
  • Impact of COVID-19
  • Market Size and Forecast
  • Market Outlook
  • Technology Roadmap
  • Competitive Landscape
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References

Definition / Scope

Car finance includes a variety of financial products, such as loans and leases, that enable customers to purchase a vehicle. Furthermore, original equipment manufacturers (OEMs), banks, credit unions, brokers, and other financial firms are the primary distributors of car finance goods and services. Furthermore, Car or auto financing is a programme that allows borrowers to buy cars without having to pay in full upfront.

Car finance refers to the various financial products which allow someone to acquire a car, including car loans and leases.

reogma|Global Car Finance Industry

Car Loan

A car loan is a type of financial assistance that allows you to buy a car with a small down payment from your own pocket. The lender's money can be repaid in equal monthly instalments with a negotiated rate of interest for a period of time. In most cases, car loans are backed by the vehicle being purchased. It is used as collateral for the car loan. If the loan is not repaid within the agreed-upon time frame, the lender will take possession of your vehicle and sell it to satisfy the debt.

Car Lease

A lease is a contract between a lessor (the owner of the property) and a lessee (the individual who rents the property) (the person who gets to use it during the term of the lease). Car leases usually enable the lessee to drive the vehicle for a set number of miles (under 12,000 per year is typical) over a set number of years (say, three years). The lessee pays a set monthly charge for the privilege of driving the car, and the lessee returns the vehicle to the lessor at the end of the contract. Since the lessee does not purchase the entire vehicle, lease rates are not solely determined by its current value. Instead, the lessee only pays for the vehicle's value for the duration of the contract. Lenders calculate lease payments based on the vehicle’s residual value, or what they estimate the car will be worth when the lease is over.


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The Global Car Finance Industry is at the cusp of significant growth and is expected to attain momentum with the adoption of new technologies and Digitalization has become the “buzz” word among the Market Players, Digitalization is definitely a game-changer for the Car Finance Industry and is expected to bring […]
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