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The Ministry of Industry and Trade is preparing a paradoxical expansion of preferential car loans

  • October 24, 2022
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The Russian authorities discussed plans to support the domestic car industry. This time, the preferential car loan program is again being modernized, according to the AvtoVzglyad portal. According

The Russian authorities discussed plans to support the domestic car industry. This time, the preferential car loan program is again being modernized, according to the AvtoVzglyad portal.

According to the head of the Ministry of Industry and Trade Denis Manturov, the inclusion of pensioners and military personnel in the program of preferential car loans is planned this year. This measure is intended to stimulate the declining demand for cars in the country. The minister’s ideas look rather unusual, given the established practice of additional requirements imposed by banks on older borrowers and the increased risk of non-repayment of the loan amount by military personnel stationed in the NVO zone.

– We support. Now the regulations will be finalized, and these categories of citizens will be included, – this is how Mr. Manturov commented the novel.

Recall that the current program of preferential loans for the purchase of a car is intended for families with minor children, doctors, teachers and motorists who are buying a car for the first time. In addition, car owners who trade in a vehicle older than six years are also eligible to participate. Cars worth up to two million rubles are subject to preferential car loans: the state is willing to compensate citizens up to 20% of their price.

According to the head of the Ministry of Industry and Trade Denis Manturov, the inclusion of pensioners and military personnel in the program of preferential car loans is planned this year. This measure is intended to stimulate the declining demand for cars in the country. The minister’s ideas look rather unusual, given the established practice of additional requirements imposed by banks on older borrowers and the increased risk of non-repayment of the loan amount by military personnel stationed in the NVO zone.

– We support. Now the regulations will be finalized, and these categories of citizens will be included, – this is how Mr. Manturov commented the novel.

Recall that the current program of preferential loans for the purchase of a car is intended for families with minor children, doctors, teachers and motorists who are buying a car for the first time. In addition, car owners who trade in a vehicle older than six years are also eligible to participate. Cars worth up to two million rubles are subject to preferential car loans: the state is willing to compensate citizens up to 20% of their price.

Source: Avto Vzglyad

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