Does the cancellation of financial subsidies lead to an increase in car prices? A Lexus 4S store in Beijing said, "Beijing social security users are not affected."

date
17/06/2025
With the recent halt of the "high interest, high return" car finance business in many places by regulatory authorities, discounts on terminal prices of car brands are expected to tighten. "The financial price cancellation is targeted at customers without Beijing social security. If they can provide proof of Beijing social security, they can still enjoy the previous preferential policies. Customers without Beijing social security are no longer able to receive high interest, high return services from banks, while customers with Beijing social security are not affected," a Lexus salesperson in Beijing told reporters. Currently, out-of-town customers without Beijing social security receive less discounts on car purchases, with a price difference of about twenty to thirty thousand yuan.