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Russians began to buy cars on credit more often

Russians began to buy cars on credit more often
Photo: pixabay.com

In the first quarter of this year, residents of Russia began to buy cars more often on credit. Issuance of car loans from January to March increased by almost a quarter compared with the same period last year.

According to the United Credit Bureau, the country's residents received 161 thousand loans to buy a car, which is 13% more than a year ago. The amount of issued credit funds amounted to 143 billion rubles - 24% more than a year earlier.

However, in April the situation changed dramatically - it was affected by the closure of car dealerships due to coronavirus. In the first week of restrictive measures, the issuance of car loans almost completely stopped. Then gradually the situation began to stabilize.

And, nevertheless, issuance in April decreased by 7-8 times compared with March.

In early April, it became known that a car loan can be obtained credit holidays.

It was also reported that the situation in connection with the pandemic and the devaluation of the ruble did not affect the plans of most residents of the Far East to buy a car.

 

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