Car loan in 2023 is a complete scam: how banks cheat drivers
- January 8, 2023
- 0
The National Credit Bureau looked at last year’s 10-month financial results and found – much to its surprise – that people stopped taking out loans to buy cars.
The National Credit Bureau looked at last year’s 10-month financial results and found – much to its surprise – that people stopped taking out loans to buy cars. Portal “AvtoVzglyad” wondered what so amazed our financial geniuses.
Russian bankers and financial analysts seem seasoned people, but sometimes they are so amazed that it is time to be stunned, in the words of an unknown author, and go to death like a pillar. Just imagine what a surprise we have in Russia! So, according to the National Bureau of Credit Histories, you see, banks issued car loans to the population for 10 months of last year for 546.2 billion rubles, and this is 41.3% less than in the same period of last year.
As it turned out, people were even less willing to fall into financial slavery than at the height of the pandemic, when the zealous Rosportebnadzor closed everything that reached his long, but by no means clean hands, driving everyone home under threat of draconian fines! Well, this is necessary right? I wonder what our wise “rotenbergs” expected? An unprecedented increase in consumer activity in an environment where technically sound cars at reasonable prices have almost completely disappeared from car dealerships?
Did they really hope that the crowd eager to spend their hard-earned money on new cars would wipe out the security guards, the salesmen and storm the car dealerships, where loan agents would be waiting for them at cozy tables? They are probably not aware that the state of increased anxiety, in which a significant part of our compatriots live, does not contribute to the desire to buy expensive things. Honestly, there isn’t much to buy.
The offer is narrowed to the limit. Dealers either sell warehouse stocks of “Europeans”, “Japanese” and “Koreans” at outrageous prices, or “Chinese” with heavenly price tags, or domestic products, which are also by no means cheap, but also lack basic security systems. And even state programs to boost demand can lure people worried about their future to the auto dealer network. And by the way, about programs.
The state subsidizes 20% of the cost of the car, but not all of it. First you need to buy something from the approved list of cars that have a certain level of localization. These are Granta, Vesta, XRAY and Niva 4 × 4, as well as Gazelles and all UAZ crafts. And secondly, the car must definitely be bought on credit.
That is, take care of bankers in the first place. Who rushes to save the state at the slightest sign of impending catastrophe? That’s right – them, dear ones. They cannot go without food, where will they eat if any? And it doesn’t matter at all that the financiers are busy making money only for themselves, which brings little to the national economy. Once their existence was justified by loans to the real sector at a reasonable rate, but these are things from times gone by, legends of antiquity.
It seems clear to everyone that the money must be intended not to piss off the financiers who do not live in poverty, and not even to stimulate demand primitively. However, this is much easier than setting up production from scratch, developing (or at worst mining according to the Chinese method) advanced technologies. And why undertake such complex projects?
Our market is ugly, useless. Look how hastily the world’s automakers backed away from it – only the heels glittered. This is exactly what domestic spill experts think. For example, the general director of the consulting firm “AvtoBoss” Tatyana Grigoryeva willingly explained to “Rossiyskaya Gazeta” that one should not flatter oneself. According to the analyst, our market is not very interesting for international car manufacturers. Not for political, but for economic reasons (understandable right?). Car sales in Russia are ridiculous compared to other countries. Printed – so printed.
But is it okay that in 2012, before all these crises, we were on the heels of Germany in terms of car sales and confidently held on to second place in Europe? Even in a depressed 2021, the Russian auto industry was able to defend the second line in the ranking, although it already lost heavily to Germany and only slightly ahead of France and the UK. But nevertheless.
Here is such a flea market, which is not worth developing. It’s easier to flood clumsy dealers with budget money, help rogue bankers pull in money, and wonder why car loans are falling as a result.
Photo avtovzglyad.ru
Photo avtovzglyad.ru
Russian bankers and financial analysts seem seasoned people, but sometimes they are so amazed that it is time to be stunned, in the words of an unknown author, and go to death like a pillar. Just imagine what a surprise we have in Russia! So, according to the National Bureau of Credit Histories, you see, banks issued car loans to the population for 10 months of last year for 546.2 billion rubles, and this is 41.3% less than in the same period of last year.
As it turned out, people were even less willing to fall into financial slavery than at the height of the pandemic, when the zealous Rosportebnadzor closed everything that reached his long, but by no means clean hands, driving everyone home under threat of draconian fines! Well, this is necessary right? I wonder what our wise “rotenbergs” expected? An unprecedented increase in consumer activity in an environment where technically sound cars at reasonable prices have almost completely disappeared from car dealerships?
Did they really hope that the crowd eager to spend their hard-earned money on new cars would wipe out the security guards, the salesmen and storm the car dealerships, where loan agents would be waiting for them at cozy tables? They are probably not aware that the state of increased anxiety, in which a significant part of our compatriots live, does not contribute to the desire to buy expensive things. Honestly, there isn’t much to buy.
The offer is narrowed to the limit. Dealers either sell warehouse stocks of “Europeans”, “Japanese” and “Koreans” at outrageous prices, or “Chinese” with heavenly price tags, or domestic products, which are also by no means cheap, but also lack basic security systems. And even state programs to boost demand can lure people worried about their future to the auto dealer network. And by the way, about programs.
The state subsidizes 20% of the cost of the car, but not all of it. First you need to buy something from the approved list of cars that have a certain level of localization. These are Granta, Vesta, XRAY and Niva 4 × 4, as well as Gazelles and all UAZ crafts. And secondly, the car must definitely be bought on credit.
That is, take care of bankers in the first place. Who rushes to save the state at the slightest sign of impending catastrophe? That’s right – them, dear ones. They cannot go without food, where will they eat if any? And it doesn’t matter at all that the financiers are busy making money only for themselves, which brings little to the national economy. Once their existence was justified by loans to the real sector at a reasonable rate, but these are things from times gone by, legends of antiquity.
It seems clear to everyone that the money must be intended not to piss off the financiers who do not live in poverty, and not even to stimulate demand primitively. However, this is much easier than setting up production from scratch, developing (or at worst mining according to the Chinese method) advanced technologies. And why undertake such complex projects?
Our market is ugly, useless. Look how hastily the world’s automakers backed away from it – only the heels glittered. This is exactly what domestic spill experts think. For example, the general director of the consulting firm “AvtoBoss” Tatyana Grigoryeva willingly explained to “Rossiyskaya Gazeta” that one should not flatter oneself. According to the analyst, our market is not very interesting for international car manufacturers. Not for political, but for economic reasons (understandable right?). Car sales in Russia are ridiculous compared to other countries. Printed – so printed.
But is it okay that in 2012, before all these car sales crises, we were on Germany’s heels and confidently held onto second place in Europe? Even in a depressed 2021, the Russian auto industry was able to defend the second line in the ranking, although it already lost heavily to Germany and only slightly ahead of France and the UK. But nevertheless.
Here is such a flea market, which is not worth developing. It’s easier to flood clumsy dealers with budget money, help rogue bankers pull in money, and wonder why car loans are falling as a result.
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
