Multiple Automakers Halt 7-Year Ultra-Low-Interest Auto Loans

[Market Update] Over 20 automakers have collectively removed 7-year low-interest auto loan offerings, with the maximum loan term now rolled back to 5 years.

Key Development: 7-Year Ultra-Low-Interest Auto Loans Fully Withdrawn After May Day

Starting May 1, more than 20 leading automakers—including Tesla, Xiaomi, and Li Auto—have widely discontinued their previously promoted "7-year low-interest auto loan" products. Loan terms are now generally capped at 5 years.

Strategic Rationale: Promotional Policy Expired; Not Initiated by Banks

This financing program was a time-limited promotional initiative led by automakers, originally scheduled to end on April 30. Banks clarified that this move is a routine conclusion of the promotional policy and not due to tightened risk controls.

Industry Impact: Monthly Payment Advantage Disappears, Affecting Younger Buyers

Earlier this year, this policy had reduced monthly payments for vehicles priced between RMB 200,000 and RMB 300,000 to just RMB 2,000–3,000, significantly boosting sales. With the product now withdrawn, price-sensitive buyers may experience short-term hesitation in their purchasing decisions.