Because the proportion of foreigners' income in the car price is still very high, there is no pressure to repay the loan, so auto finance companies are also copying it in China.
But the effect is not good, because the income of China people is too low, and the loan amount has been rising for a long time. The only way to take is to raise interest.
Auto financing companies provide funds to car buyers, but they still investigate car buyers, including home visits. In the end, it may not be approved.
Some auto financing companies play games and get loans without charging fees, but the car purchase discount is gone, and the wool is on the sheep.
One-time payment can be discounted, because the profit of 4S is the rebate of the manufacturer, so the auto financing company can completely control it.
The Ford fund you mentioned is the finance department of Ford Motor Company, not a bank, but a model of car purchase by loan.