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The Ministry of Industry and Commerce has changed the conditions for granting discounts under the state’s preferential lending program

  • January 16, 2023
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The state program of preferential car loans, which, as promised, allows some categories of citizens to buy new cars at a significant discount, has been extended until 2023.

The Ministry of Industry and Commerce has changed the conditions for granting discounts under the state’s preferential lending program

The state program of preferential car loans, which, as promised, allows some categories of citizens to buy new cars at a significant discount, has been extended until 2023. True, the Ministry of Industry and Trade of the Russian Federation has slightly adjusted the conditions: it is now easier to get a subsidy but the discounts themselves have become smaller in other cases.

If earlier those who raise at least two minor children buy a car for the first time (that is, register it for themselves), as well as medical personnel, can count on state aid, then in the coming year the circle of “privileged” will have expanded . It included military personnel, military retirees, and families with one child under the age of 18.

The list of vehicles eligible for the program has also expanded. As of now, it applies not only to domestic LADA, GAZ and UAZ, but also to Haval, which has a plant in the Tula region. The main condition is that the cost of the car should not exceed 2 million rubles. As before, the discount reaches 20% of the final price, and for the Far East – 25% (thus, the delivery of a car from the European part of the country is compensated).

In addition, the Ministry of Industry and Trade will continue to subsidize the purchase of Russian-Chinese electric vehicles from Evolute, which already offers two models and plans to launch three more in 2023. True, the terms have become less “tasty” – only a 25% discount (in 2022 it was 35%), but no more than 625,000 rubles (previously – 925,000 rubles).

It remains only to add that this year the authorities have allocated only 5.1 billion rubles to the preferential car loan program, which is four times less than in 2022. However, earlier the Ministry of Industry and Trade informed that if necessary the budget could be increased.

If earlier those who raise at least two minor children buy a car for the first time (that is, register it for themselves), as well as medical personnel, can count on state aid, then in the coming year the circle of “privileged” will have expanded . It included military personnel, military retirees, and families with one child under the age of 18.

The list of vehicles eligible for the program has also expanded. As of now, it applies not only to domestic LADA, GAZ and UAZ, but also to Haval, which has a plant in the Tula region. The main condition is that the cost of the car should not exceed 2 million rubles. As before, the discount reaches 20% of the final price, and for the Far East – 25% (thus, the delivery of a car from the European part of the country is compensated).

In addition, the Ministry of Industry and Trade will continue to subsidize the purchase of Russian-Chinese electric vehicles from Evolute, which already offers two models and plans to launch three more in 2023. True, the terms have become less “tasty” – only a 25% discount (in 2022 it was 35%), but no more than 625,000 rubles (previously – 925,000 rubles).

It remains only to add that this year the authorities have allocated only 5.1 billion rubles to the preferential car loan program, which is four times less than in 2022. However, earlier the Ministry of Industry and Trade informed that if necessary the budget could be increased.

Source: Avto Vzglyad

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