Research On Asset Securitization Of Auto Finance Company

With the rapid development of China's market economy,people's consumption concept is also changing,especially more and more 80,90 has become the main force of the consumer.People to buy cars also gradually improve the auto finance company is one of the main force to promote the development of automobile finance in our country,the majority of consumers in the purchase of cars will be loans to the auto finance company,but the current auto finance company is facing the problem of high cost of financing,the financing channel is single.The new vehicle loan financing mode is generated by automobile mortgage asset securitization.From the practical point of view,this paper probes into the influence of automobile loan asset securitization on the financing of China's auto financing company and its role.This paper first introduces the development status of related theory of asset securitization and the automobile financial industry,China's auto finance company,followed by analysis of the asset securitization financing effect on China's auto finance,then to Volkswagen(China)Limited issued "Hua Yu sixth car mortgage securitization" products are introduced in detail,mainly discusses the characteristics of public finance and the motivation of automobile asset securitization products core design,draw some conclusions from Volkswagen finance companies to issue asset securitization products to optimize the company's financial structure,to achieve the company's development strategy,to reduce the cost of financing as well as expanding financing channels;and the design of the asset securitization products in a certain extent for other auto finance The company provides a reference value for issuing asset securitization products,first of all,strict asset audit and management method of basic asset pool ensures the efficient quality of the basic asset pool.Secondly,the hierarchical structure of the credit grade of asset securitization products and the mechanism of incomplete cash flow payment order,which reduce the cost of financing.Then,the specialized and advanced credit enhancement and rating mechanism ensure the credibility of asset securitization products,reduce the risks faced by investors,and attract more investors to invest.Finally,it puts forward some concrete suggestions to improve the asset securitization of China's auto financial companies,hoping to promote the better development of China's auto finance industry.