The average size of a car loan in Russia increased by 30%
- May 4, 2022
- 0
In the past two months, new cars have risen in price – today even the popular “state employees” of Korean brands can not be bought for less than
In the past two months, new cars have risen in price – today even the popular “state employees” of Korean brands can not be bought for less than 1.5 million rubles. It seems that now is not the best time to upgrade a vehicle, but many continue to buy cars, taking out unsustainable loans.
According to Otkritie Bank, the average size of a car loan in Russia increased by a third in the first quarter of this year. To be precise, for new cars – by 31%, and for used cars – by 29%. At the same time, Russians borrowed an average of 1.7 million rubles for the purchase of a new car and 917,000 for a used car.
Most of those who bought a new car with financial support from the bank took out a loan in the amount of 1.5 to 3 million rubles (36% of customers). As for the term, it is mainly from 4 to 5 years (43% of the agreements) with an initial payment of 20-30% of the cost of the car (every third agreement).
The same terms and down payments were most often mentioned in used car loan agreements. But here – other amounts. Those who chose second-hand borrowed from banks from 500,000 to 1,000,000 rubles (42% of customers). By the way, most often 2011-2014 and 2017-2018 cars were bought with borrowed money.
According to Otkritie Bank, the average size of a car loan in Russia increased by a third in the first quarter of this year. To be precise, for new cars – by 31%, and for used cars – by 29%. At the same time, Russians borrowed an average of 1.7 million rubles for the purchase of a new car and 917,000 for a used car.
Most of those who bought a new car with financial support from the bank took out a loan in the amount of 1.5 to 3 million rubles (36% of customers). As for the term, it is mainly from 4 to 5 years (43% of the agreements) with an initial payment of 20-30% of the cost of the car (every third agreement).
The same terms and down payments were most often mentioned in used car loan agreements. But here – other amounts. Those who chose second-hand borrowed from banks from 500,000 to 1,000,000 rubles (42% of customers). By the way, most often 2011-2014 and 2017-2018 cars were bought with borrowed money.
Source: Avto Vzglyad
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
