# seven‑year loan

China’s EV Makers Sell Longer Loans, Not Cheaper Cars: Seven‑Year Finance Rides to the Rescue

Chinese automakers have adopted seven‑year low‑interest loan packages to sustain EV sales as regulators curb below‑cost discounts and purchase tax incentives are scaled back. The offers lower monthly payments but raise total borrowing costs, shift ownership and resale risks onto buyers, and increase exposure for non‑bank financiers.