Legal Risks And Regulations Of Internet Automobile Finance

With the rapid development of Internet technology,the traditional auto finance business is also seeking integration and innovation with the Internet.Internet auto finance has emerged as the times require.The internet financial model penetrates into the automotive finance field,deepens the development of the automotive industry,and brings new changes and profit growth points to the traditional auto finance.Internet auto finance has already begun to take shape,but it still faces unique risks arising from the traditional auto finance risks and the influence of the Internet,which affects the healthy and sustainable development of Internet auto finance.This article is based on the mining of internet auto financing industry,researching the risk and legal supervision of connected auto finance.The reasons,research methods and contents of this article are described in the preface.Although the history of traditional auto finance business is not long,the business is relatively mature.The impact of internet technology and internet finance has made traditional auto finance seek new development.At the same time,innovation in internet finance has developed a new form of auto finance,and the internet auto finance industry has gradually received attention.In addition,with the tightening of the P2 P network lending supervision policy,the online loan platform is gradually looking for business transformation,and the auto financing business with a single loan scale of around RMB 500,000 is favored.At the same time,the risks andregulatory issues faced by the innovative business model of Internet auto finance are also worth considering.The first chapter introduces the origins,concepts and business models of internet auto finance.The development history of China's Internet auto finance was traced,and the concept of "Internet auto finance" in the context of the Internet era was defined.Internet auto finance does not exist separately from auto finance.It extends from the auto financial industry chain and has the basic characteristics of auto finance.At the same time,it is influenced by the Internet and has the characteristics of internet finance.Internet auto finance can be understood as the automobile finance business developed through the Internet platform based on the traditional auto finance.On this basis,the specific discussion will include innovations in the business model of Internet auto financing,including P2 P vehicle loans,auto crowdfunding,and internet auto insurance.The second chapter analyzes the main risks and causes of internet auto finance.With the influx of capital,in addition to traditional commercial banks and auto finance companies,internet startup companies have also become the main bodies of Internet auto finance,bringing risks to market access for service entities.Based on the characteristics of internet auto finance,Internet auto finance is prone to risks such as imperfect internal governance,and credit defaults.Analysis of the risk characteristics and causes of internet auto finance,prevention of traditional financial risks and the influence of internet platforms will promote the stable development of the industry.The third chapter expounds the necessity of internet auto finance supervision and the enlightenment of auto financial supervision under the Internet at home and abroad.Internet auto finance risk is obviously different from that of offline auto finance.The regulatory policy of traditional auto finance can no longer be fully applied,and special supervision of Internet auto finance is required.The essence of internet auto finance is auto finance.The current domestic auto finance auto regulatory policies can be used for reference and trace ability from source to origin.The experience of foreign auto finance supervision is also worth referring.In particular,the practice ofextra-territorial countries' liberalization of auto financing entities and their experience in credit management have implications for China's Internet auto finance supervision.The fourth chapter puts forward the legal regulation of Internet automobile financial risks.The tightening of market access can control the brutal growth of internet auto finance from the source,and appropriate exit transition mechanisms are also necessary measures to maintain industry stability.Establish industry self-discipline associations,and regulate the development of internet auto finance industry through effective industry norm formulation and industry organization leadership.Establishing a sound risk management system within the platform is a necessary measure to prevent enterprise risks.Encouraging the opening of credit information data in an orderly manner,Internet auto finance companies can establish business data to improve the credit system and achieve information sharing,which can effectively prevent financial credit risks.At the same time,we will establish a legal system for protecting personal information and effectively protect the personal information security of financial consumers.In short,despite the current industry chaos such as the emergence of Internet lending,but with the development of the industry,if not through effective legal regulations,financial innovation may become illegal over the border.The internet auto finance industry has broad prospects for development and it is necessary to prevent risks as soon as possible in order to maintain the financial market order.