As part of measures to stabilize and rehabilitate the situation in the Russian automobile industry in the list of cars sold in the state program subsidized consumer car, including new models, said the Ministry of Industry and Trade.
Government Decree number 548 includes the following changes in the grace of car:
- lowering the minimum pre-purchased for cars up to 15% of their value,
- increase the maximum value of vehicles up to 600 thousand rubles,
- the provision of soft loans, not only for the purchase of cars and light commercial vehicles (total weight up to 3.5 tonnes),
- credit for up to three years, regardless of the date of its issuance,
- the proliferation of loan programs at banks with capital of at least 70 billion rubles, which have representation in all federal districts.
According to the order signed by the head of Minpromtorga Viktor Khristenko, the list of cars produced in Russia, where buying on credit to individuals from the budget of the Russian Federation will be compensated for part of the credit rate, included 50 models.
For example, the list of cars included Hyundai Sonata and Accent, Volga Siber, UAZ Patriot SUV and Pickup, as well as the range of TagAZa (Road Partner, Tager). Light commercial vehicles represented by Fiat Doblo, Fiat Ducato, models GAZ OJSC UAZ, and LC100 ( TagAZ). The list also includes cars LADA production AVTOVAZ.
According to the calculations Minpromtorga Russia, by the end of 2009 about 120 thousand cars can be subject to concessional lending. By increasing the range of Russian credit organizations that provide loans to individuals for the purchase of automobiles, sale of light commercial vehicles in the domestic production credit would be 30 thousand units. Extras will be sold about 32.6 thousand units of cars of foreign brands.
As of July 9, from individuals to banks in April 2009 received 31 961 applications for loans to purchase cars, after considering that issue 17 519 car.
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