Chinese Automakers Push Longer Repayment Terms as Sales Stagnate
Automakers in China are offering extended, low-interest financing packages to try to revive weak vehicle demand. Several manufacturers, including a Nissan joint venture with Dongfeng, have introduced repayment terms of up to eight years with low or zero down payments, joining at least 10 other brands that have moved to lengthen loan tenors. The mea…