Today the autocrediting market was seriously reduced. Now probably any bank will not suggest the clients to issue the credit without an initial payment at a rate of twenty percent from the loan sum. In many banks interest rates began to equal fifteen and sometimes and to twenty five percent. The quantity of refusals of bank in delivery of credits for vehicle acquisition has grown twice. For minimum short terms requirements to potential borrowers have been toughened, interest rates have increased and crediting terms have decreased. For example, summer of last year was possible to issue the autocredit in bank of a motor-car manufacturer and it was considered more favourably rather than ordinary bank,but that we see today - their conditions hardly probable not identical.
Before all world has learnt about financial crisis, the annual volume of credit sales was planned at level of 1,6 million cars at the general market volume in 3,15 million car. But in the summer of last year every second car was bought within the limits of credit programs. Now the share of these sales has fallen to 30 percent. Towards the end of last year separate banks have ceased to work with autocrediting programs, others have essentially lowered limits on their registration.
In comparison by summer forecasts the domestic market of autocrediting in second half of last year has missed seven billions US dollars. The future tendency of crediting of the population will be defined by a situation on world and share platforms, and the faster the situation becomes stable, the less will be losses on automobile and other commodity markets.
With a view of deduction of sales the majority motor-car manufacturers began to offer interest-free credits which unlike standard credits look is rather tempting. Nevertheless, today pluses of autocredits from motor-car manufacturers seem doubtful. In the summer of last year credit rates were equal in banks of motor-car manufacturers a maximum of ten percent and now they can reach a point in twenty percent.
For example, at registration of the credit for acquisition of the new car for a year the rate will be equal in the Savings Bank from 11 to 11,5 percent is for the term from one till three years, 12 percent if the credit is made out for five years. Sellers and ?TB 24 offer the credit for purchase of cars with 17 interest rate which by the way can be defined by the size of an initial payment, terms and credit currency.
The one who wishes to issue the credit with a zero initial payment, should satisfy to many conditions of bank, for example, credit term should be equal to one year, the car can be got only after registration of insurance ?I, ??S?? at the insurer offered by bank, except that, the potential borrower should remember the every possible commissions. As a result, similar classical credit pluses on payments at such credit look unusually enough and strange.
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