Mercedes-Benz Auto Finance Ltd.

Mercedes Benz Auto Finance Limited

Mercedes Benz Auto Finance Co., Ltd. was registered in Beijing Administration for Industry and Commerce on September 21, 2005, and its legal representative is klausentenmann.

In April 2019, Beijing Banking and Insurance Regulatory Bureau launched an investigation on Benz auto finance. On September 2, Mercedes Benz Auto Finance Co., Ltd. was fined 800000 yuan.

development history

On September 21, 2005, Mercedes Benz Auto Finance Co., Ltd. was established.

Nature of Business

（1） To accept fixed deposits of more than 3 months (inclusive) from overseas shareholders and their group's wholly-owned subsidiaries in China and domestic shareholders; (2) to accept vehicle purchase loan deposits from auto dealers and vehicle rental deposits from lessees; (3) to engage in inter-bank lending; (4) to borrow from financial institutions; (5) to provide vehicle purchase loan business; (6) to provide vehicle purchase loan business from auto dealers Automobile loans and operating equipment loans (including exhibition hall construction loans, spare parts loans and maintenance equipment loans, etc.); (7) providing automobile financial leasing business (excluding after-sale and leaseback business); (8) selling or repurchase automobile loan receivables and automobile financial leasing receivables to financial institutions; (9) handling residual value sale and disposal business of leased automobiles; (10) Engaged in consulting and agency business related to car purchase financing activities.

Business events

On April 15, 2019, it was exclusively learned from the Bank of China Insurance Regulatory Commission that the Bank of China Insurance Regulatory Commission attached great importance to the issue that Mercedes Benz female car owners were charged "financial service fees" which was hotly discussed by the media. It has asked Beijing Bank Insurance Regulatory Bureau to investigate whether Mercedes Benz Auto Finance Co., Ltd. illegally charged financial service fees through dealers. The CIRC said it would take necessary regulatory measures according to the investigation to safeguard the legitimate rights and interests of financial consumers. on September 2, 2019, Mercedes Benz Auto Finance Co., Ltd. was fined 800000 yuan. On September 11, the website of China Banking and Insurance Regulatory Commission released the information disclosure form of administrative punishment of Beijing Banking and Insurance Regulatory Bureau, disclosing the above information.