Financial news

Car Loans Have Become In Touch for Three Years

14 апреля 2009 г.

As it was explained in the press-service of the Northwest bank of the SberBank of the Russian Federation, within this program it is possible to get new cars of the Russian trademarks and foreign ones assembled in Russia whether their price is less than 350 thousand roubles. Almost all models of Lada, off-roaders UAZ Hunter, and also such popular foreign cars assembled in Russia as: Ford Focus, Renault Logan, Skoda Fabia, Fiat Albea and Kia Spectra meet these criteria.

The loan interest rate is calculated as a difference between the current rate of the SberBank (by now is 15 %) and two thirds of rate of refinancing of the Central Bank, set at the moment of the conclusion of the credit contract (now rated at 13 %). Thus, in the nearest future the rate within this program will be really preferential and will be about 7 %. In fact the average car loan rates are 18-19 %. However, operative time of this project is rather short - since 2009 up till the end of 2011.

The Ford PR Director in Russia Mrs. Ekaterina Kulinenko has informed that the company has already been prepared for the given program, reduced the price for Ford Focus up to 345 thousand roubles, and they expect new clients being involved. «Certainly, we would desire, that the program on repayment of the interest rate under car loans was extended and concerned other models of Ford, -Mrs. Ekaterina Kulinenko has told. On her evidence, efficiency of the program will become obvious within the nearest month. In the mean time, car sales in Russia have decreased since the beginning of this year on 40 %, at Ford company - more than on 20 %.
 

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