Today, the Russian car loan market is falling, however, against this background, the Rostov Region and the Krasnodar Territory are standing out here in the plus. Domestic banks working in these regions, according to the results of the first six months of this year, showed the growth of their portfolios on car lending. One of the reasons for this state of affairs is the growth of the average borrowing amount that experts associate with an increase in sales of more expensive and luxury cars. An application for a car loan online can be filled out on . Experts of the retail business of regional centers of Russian banks note that banking amounts of loan increased by more than 15.5 percent, although regional branches of banking organizations are engaged in lending to the purchase of used cars.
Analysts note that in the lending program for used cars during the reporting period of the current 2014, there was an increase in demand for a car related to the premium segment, in particular, residents of these regions willingly buy used “Audi”, “BMW” and “Mercedes”. A similar trend is also observed in the market of new cars. According to experts, luxury automobile brands will continue to show a small but stable growth. The premium car segment this year will remain in the gained positions, even despite the fall in the economy and middle class.
According to bankers, the cost of loans for cars is currently ranging from 10 to 25 percent per annum. The most “interesting” banking rates are offered in the framework of special programs in which the auto manufacturer, in particular “Opel” and “Chevrolet”, “Mitsubishi”, “Suzuki” and “Honda”, as well as the Chinese Ssangyong, in this case the rate starts from 12 percent per annum. Potential owners of brands of Hyundai and Kia cars are able to purchase a credit car at 14.5 percent per annum, ”the market participants said.
