The fall of the car loan market was even greater than the automotive market

Alexey Tokarev, vice president of Bank VTB 24, the head of car loans bank VTB 24, told the portal Bank.ru situation on rossiyskogom car loan market. How do you assess the current state of the car loan market? Situation serious. The fall of the car loan market was even greater than the automotive market. For example, car sales fell by 52%, while sales of auto loans, according to our estimates have fallen more than 60%. The main factors influencing the current situation is the sharp drop in demand for automobiles and declining real incomes. Are factors external to the market of car loans. In this case, significant changes occurred and within the market. So dramatically reduced the number of banks, loans to purchase cars, and those banks that remained, changed the requirements for borrowers and lending terms. In your opinion, how feasible and effective in serving the government program of preferential car loan? Tell us about the pros and cons of this program? In my opinion, the scheme implemented in Russia (subsidized loans) - an interesting and potentially more massive tool. Yes, as long as the results may be less tangible, but more recently the program has been seriously improved: expanded list of cars, increased the maximum loan amount, term, etc. Your personal opinion is different whether the quality of foreign car brands in Russia gathered on the quality of vehicle assembly at the same mark in the country where it is produced traditionally? This zavisist from the manufacturer. If you talk in general, then, in my opinion, is not significant. Most manufacturers do not yet have in Russia, localized production, and quality control is high. Is there now any positive changes on the car loan market? There. I would note two main ones: a significant improvement in the state program and increase the supply of special programs in the banks with the manufacturers. Which banks are actually offering a service car loan? You can nazavat about ten banks operating ssegodnya on the car loan market. Basically, this is certainly the big banks. In general, what should be prepared for a potential borrower who wants to take a car loan? Decrease in rates or decrease the initial contribution to the end of the year should be expected. The cost of resources in the banking system has undergone major changes, and still remains rather high, in addition increases another problem - a problem of defaults on loans. It has also become a deterrent to the development of the credit market. However, auto loans - a tool for buying a car. First you make a decision about purchasing the car. If you made this decision, now on the market you can find very interesting credit proposals in the framework of joint programs of banks and manufacturers.