The Research Of Influence That Personal Characteristics And The Structure Of Vehicle Loan Contract To The Default Risk

Based on the fact that China’s automobile manufacturing industry’s revenue GDP accounts for nearly 10%,and there are two major backgrounds of individual vehicle loan default in financial institutions,this paper studies the impact mechanism of individual characteristics on the structure of vehicle loan contract and the impact mechanism of vehicle loan contract structure on the default behavior,and puts forward suggestions,through the reasonable design and guidance of the two mechanisms,the violation in the field of personal vehicle loan can be reduced About risk.This paper mainly selects six personal characteristics of gender,age,marital status,length of service,income and education level,two contract structure indicators of loan proportion and balance payment,and one default behavior of overdue days.Through logit binary regression model and multiple linear regression model,the two influence mechanisms are studied respectively.Finally,the conclusion is that personal characteristics have significant impact on vehicle loan contract structure The structure of car loan contract has a significant impact on the default behavior.The specific action path is:Firstly,the influence of personal characteristics on the structure of car loan contract: in the dimension of loan proportion,men are more inclined to choose higher loan proportion than women,non partners are more inclined to choose higher loan proportion than partners,the age is relatively long,the working age is relatively short,and the education level is relatively low;in the dimension of final payment,women are more inclined to choose higher loan proportion,and the income has no differential influence on the choice of loan proportion Compared with men,men without partners,men with relatively low age,long working life,relatively low income and relatively low education,six types of personal characteristics are more inclined to choose the design with balance in the contract.Secondly,the impact of the structure of the car loan contract on the breach of contract: the proportion of loans and the balance of payments are respectively positive changes with the breach of contract.When the proportion of loans is relatively high,there is a balance of payments or the balance of payments is relatively high,the probability of the breach of contract is greater,and the overdue days are longer when the breach of contract actually occurs.In view of the default risk in the field of personal car loan,based on two major mechanisms,this paper puts forward two stages of suggestions: the first stage,multichannel to complete the accurate collection of consumer personal information;the second stage,the selection of contract indicators reasonable guidance.Through twostage implementation,a high safety factor vehicle loan contract is finally formed.Through the high safety factor vehicle loan contract,the risk prevention and risk reduction are realized.