It is expected that from the year 2013 the cost of loans for the purchase of a car will increase. At the same time, perhaps banking organizations will tighten their requirements for potential borrowers, as the liquidity deficiency in the market increases, in addition, the Central Bank is seriously concerned about the situation. Such forecasts were made by banking analysts.
The current year for domestic car loan was diverse. The first three quarters, there was an increase in demand for cars, as well as for commercial vehicles. Calculations showed that during this period the volume of implementation increased by fourteen %, however, already in September, growth rates decreased to ten %, and in October fell to five %.
Taking into account the fact that a huge amount of vehicles in Russia is bought on credit, the change in the dynamics of the market has influenced the number of issued auto -posts. Now analysts note a reduction in car sales volumes, and believe that until the end of the year they will not exceed forty-sorroki five %.
Currently, sales of used cars are quite rapidly increasing. Often, many buyers, when acquiring a car, prefer express autocredites, which make it possible to become the owner of the car in a short time, while having a minimum set of documents. These qualities give a great competitive advantage to these types of auto -posts over conventional classical car loan programs that require a certificate of income from the borrower, and sometimes the need to provide collateral for the purchased car. The only minus of the express-wores is that their cost is significantly higher than that of traditional loans, since due to the accelerated assessment of the client, they are classified as increased risk.
This year, most banking organizations pursued a fairly aggressive policy, providing a large number of loans. Experts fear that this can cause an increase in the volume of overdue debt and a lack of liquidity. However, due to the increase in the competitive struggle in the lending market, banks will have to soften their requirements for non-value conditions, such as the amount of the initial contribution, the term of decision-making, reducing the list of documents.
