Bucket elevator combined with high strength

In recent years, Hongxing Heavy Industry has been shaken in the proportion of the first payment of the financial leasing business. He did not confirm that the company had implemented a “zero down payment”, but this time the proportion of “20%” down payment after adjustment was indeed high since previous years. He also indicated that the proportion of down payment will be further improved in the future.

As one of the largest construction machinery companies in the country, Redstar began to tighten its down payment ratio for its finance leasing business from the second half of last year, from 10% to 20%. According to Manager Yang of Financial Daily, the promotion of the down payment ratio of financing leases popularized all business of the company. This is one of the actions the company has taken to cope with the expansion of temporary receivables.

In addition to increasing the down payment ratio, Redstar Heavy Industries and Construction also sprints at the end of the year for the bank’s arrival. It is learnt that the senior management of the company’s frontline has already conducted a hurried review by the grassroots supervisors. If customers have defaulted on payment, Redstar will use locks and other methods to recover. Account.

Redstar Heavy Industries & Construction has increased the user’s down payment for financing leases from the original 10% to 20%. The time to advance the down payment was after July of the previous year. "If the down payment is made through a bank mortgage, then the customer's down payment ratio will reach 25%."

The so-called "finance lease" means that Hongxing Heavy Industry Finance Leasing Co., Ltd. as the lessor, purchases the machinery equipment designated by the customer from Hongxing Heavy Industry and leases it, and the customer will receive the rent to the financial leasing company on schedule. During the lease term, all rights to equipment are attributable to Redstar Financial Leasing Company. Compared to bank mortgages, customers can adopt smart solutions to down payment rents and payment methods and increase the down payment pressure on tenants.

At present, the receivables of the financial leasing business are importantly included in the company’s “temporary receivables”. In the first half of last year, the company’s financial lease receivable amounted to 8.61 billion yuan. In the middle of the year, this number was rewritten to 15.59 billion yuan, a substantial increase of over 80% year-on-year.

Since the third quarter, in the area where the person served, the proportion of users who purchased cars by financial leasing accounted for about 80%, but the transaction volume fell by nearly 70%. However, the person is not sure whether it can be related to the tightening of the first payment of financial leasing and the seriousness of the credit review.