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Dealers can limit the surcharge if they sell cars on credit

  • October 18, 2023
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The National Automobile Union appealed to the Ministry of Industry and Trade, the Central Bank and the FAS with a proposal to limit the maximum commission for dealers

The National Automobile Union appealed to the Ministry of Industry and Trade, the Central Bank and the FAS with a proposal to limit the maximum commission for dealers in the event of a car sale on credit. The organization believes that 4% will be sufficient for sellers.

A significant part of the cars are bought on credit, which also costs the Russians more and more money. According to Kommersant, the commission for processing a loan at some car dealers is already 9%. And according to Anton Shaparin, vice president of the National Automobile Union, it’s time to limit dealers’ appetites.

— The cost of the loan includes additional equipment and services, including insurance. Of this amount, the dealer receives 9%, so he puts his hands so actively in the Russian’s pocket that of course something has to be done about it. There is a huge difference between 4% and 9% of the loan cost – hundreds of thousands of rubles,” he said.

Usually dealers did not appreciate this idea. For example, the president of the Favorit Motors group of companies, Vladimir Popov, said that car dealers do not unilaterally set price increases, but agree with the bank on their size.

— For example, it is necessary to understand very clearly what commission the authors of the initiative want to offer if the bank lends a customer a loan to buy a car outside the Russian Federation. In this case, the dealer actually insures this loan with his property,” he clarified.

A significant part of the cars are bought on credit, which also costs the Russians more and more money. According to Kommersant, the commission for processing a loan at some car dealers is already 9%. And according to Anton Shaparin, vice president of the National Automobile Union, it’s time to limit dealers’ appetites.

— The cost of the loan includes additional equipment and services, including insurance. Of this amount, the dealer receives 9%, so he puts his hands so actively in the Russian’s pocket that of course something has to be done about it. There is a huge difference between 4% and 9% of the loan cost – hundreds of thousands of rubles,” he said.

Usually dealers did not appreciate this idea. For example, the president of the Favorit Motors group of companies, Vladimir Popov, said that car dealers do not unilaterally set price increases, but agree with the bank on their size.

— For example, it is necessary to understand very clearly what commission the authors of the initiative want to offer if the bank lends a customer a loan to buy a car outside the Russian Federation. In this case, the dealer actually insures this loan with his property,” he clarified.

Source: Avto Vzglyad

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