Some banks confirm the increasing popularity of car loans in Russia. They attribute this trend primarily to the easing of restrictions by the Central Bank of the Russian Federation. In particular, the reduction of the key rate from 20% to 14% at the beginning of May and to 11% at the end of the month led to cheaper loans for customers. Interestingly, the popularity of car loans continued to increase in June. The recent reduction of the key rate of the Central Bank of the Russian Federation to 9,5% re-spurred the demand for lending. The figures are known for Sberbank, whose clients issued 80% more loans in the first half of June than in the whole of May.
It is also interesting that car loans are becoming increasingly popular when buying vehicles in the secondary market. It is assumed that this trend will continue until the moment when a major import substitution takes place in Russia. The prevalence of interest in the direction of used cars is also noted in insurance companies. Let's find out what users think about all this.
I think that all this is due to the fact that in the near future you won’t be able to buy normal cars in Russia, or there will be maximum horse prices. So they take a loan in order to snatch at least something. The move is so sensible, but I would not dare to climb into bondage until the events in the world settle down.
Valentin says
Now cars cost so much that you can’t buy anything with your savings. Of course, it is necessary to take loans, even though the rate was lowered normally. I do not envy those who panicked and took a car loan somewhere in March-April, when these same loans cost a fortune.
Sergei reflects.
I don’t know, I want to wait a little longer, when the rate will be lowered a little more, at least to 7,5%, which it was last October, and then I’ll take something on the secondary with credit money. So far, too expensive, although, of course, not as much as a couple of months ago.
Alexander is planning
I am a supporter of living within my means, but in our difficult situation, even I am thinking that I can really take a car on credit, as long as there is something to take, and so far the rate is more or less normal.
Mark concluded.
