The Ministry of Industry and Trade allowed the allocation of additional funds for car loan programs

by time news

The Ministry of Industry and Trade of the Russian Federation will soon work out the issue of allocating additional funds to finance programs of targeted support of demand for cars – preferential car loans and leasing, and will also expand the criteria for the availability of these programs, said the head of the department Denis Manturov at a briefing with members of the Association of European Businesses.

“As for the incentive measures (demand in the auto industry – editor’s note) this year, we will soon add funds for compensation for preferential car leasing and car loans. We will expand the categories, including who will be provided with it. I think these measures will definitely be enough to stimulate the market by the end of this year, ”the minister said.

The allocation of funds for targeted measures to support demand is regulated by government decrees – 364th in the case of car loans and 649th in the case of leasing.

In mid-February, car dealers announced the exhaustion of 9 billion rubles allocated by the government for 2021. for preferential car loans.

Preferential car loans in Russia work through targeted programs – “First car” and “Family car”, which allow you to get a discount of up to 10% and up to 25% (for residents of the Far East) on the first installment when buying a new Russian-made car on credit worth up to 1 , 5 million rubles. These programs now apply to those who buy their first car, or to families with one or more minor children, as well as health workers.

Preferential leasing in Russia is also available under other programs – “Russian tractor”, “Own business” and “Russian farmer”, which allow you to receive a discount of up to 12.5% ​​on the payment of the first installment under a commercial vehicle lease agreement.

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