Most car - 93% - are issued for a period of 1-3 years, longer periods are characterized by only 1% of loan programs. This is evidenced by the results of a study conducted by the agency BusinessVision.
Maximum credit period is 7 years old, and many banks have already offered to buy a car on credit for such period. Despite the tendency to extend credit, according to experts, the further extension of the term will not happen, because the optimum life of the car - 5-7 years.
With regard to the interest of both borrowers and banks in the credit products the percentage of failures is minimal. Banks and car dealers to fight for the consumer are introducing new products and services. Thus, gaining the popularity of buy-back program where the buyer may after 2 years to return the car back to the shop and buy a new one. This loan amount will not equal the full cost of the car, and his half.
most powerful players in the car market, banks remained the capital, but rather in regions known to the local banks, for example, the popular program of Novosibirsk Municipal Bank in Omsk - Sibakadembank and the «Siberian O. K. », in the Ural region - the banks« Jewelry Ural »,« Northern Treasury », VUZ-Bank, and in Kazan - Kazan Bank. In general, the leader of Russia in the car is Rosbank: in 2005 they were issued car, totaling approximately 823 million dollars.
