In Russia, it was extended a program of preferential car loans

The Russian government extended the program of preferential car loans for 2018-2020. According to the Cabinet of Ministers, the adopted decisions will permit to sell 45,100 cars through the mechanism of preferential car loans in 2018, 5,800 of which will be sold in the Far Eastern Federal District. The total amount of funding for the program is 15 billion rubles.

Recall, the program of preferential car loans is valid from 2015 and it involves the provision by the credit organization with a discount on the down payment of the loan at a rate of 10% of the price of the purchased car with the subsequent reimbursement of costs from the federal budget.

In order to increase the availability of Russian-made cars for residents of the Far East, the discount provided under the social programs "First Car" and "Family Car" in the Far Eastern Federal District has been increased up to 25% of the price of the purchased car. As it was noted, it will permit to achieve an approximate cost parity of new Russian cars and used cars.