This year, automakers like Tesla, Xiaomi Auto, and Li Auto have rolled out seven-year auto loan schemes one after another. Their main objective is to make car purchases more accessible by offering low-interest rates and smaller monthly payments, thereby igniting a surge of financial promotions within the automotive market. These auto loan offerings fall into two primary categories: bank loans and financial leasing. Each type comes with distinct characteristics in terms of property rights, risk management, and associated costs. Banks, however, are proceeding with caution when it comes to entering this market, primarily due to worries about the depreciation of collateral and the potential for default risks. Experts advise consumers to carefully tally up their total expenses, grasp the essence of their loan contracts, and stay alert to the risks that come with ultra-long-term loans.