Most vehicles in China are bought with cash, with only about 40 per cent being financed, according to GM Financial. Photo: Alamy Stock Photo Most vehicles in China are bought with cash, with only about 40 per cent being financed, according to GM Financial. Photo: Alamy Stock Photo
Most vehicles in China are bought with cash, with only about 40 per cent being financed, according to GM Financial. Photo: Alamy Stock Photo
Autos

As China gets used to buying on credit, it remains important for GM financing arm even as new car sales soften

  • Chinese buyers make larger down payments and pay off loans quicker than US counterparts

Topic |   Autos
Most vehicles in China are bought with cash, with only about 40 per cent being financed, according to GM Financial. Photo: Alamy Stock Photo Most vehicles in China are bought with cash, with only about 40 per cent being financed, according to GM Financial. Photo: Alamy Stock Photo
Most vehicles in China are bought with cash, with only about 40 per cent being financed, according to GM Financial. Photo: Alamy Stock Photo
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