Boom of auto loans.



  In auto loans - boom. Not only that loans on purchase of machine are offered today with one hundred banks, and in each bank have entered various programs of purchase of auto on credit. How to understand this abundance of offers and to choose most favourable and convenient autocredit?
In it to year banks actively supplement classical programs with new products, in style "modernist style". Installments and other kinds of credits without rise in price of cost of car is popular. Popularity express train-credits promptly grows. And, at last, tens banks offer programs buy-back - return repayment. " Client became more exacting and is legible at a choice of the program of autocrediting. Occurrence of huge quantity of programs of auto crediting allows client to choose most favourable and comprehensible program depending on needs and opportunities of everyone ", - Anna Bogovalova, chief of a department of auto crediting of Bank of Moscow marks.

Return repayment

  Under term buy-back operative leasing (financial rent) for private persons, while forbidden by our legislation masks. As well as leasing, credit buy-back allows to postpone repayment up to 55 % from sum of credit up to end of term of crediting. That is borrower pays an initial payment, still a part of cost of machine pays during term of crediting, and last payment repays upon termination of contract. Advantages of such credit Tamara Ivanov, head of department of crediting of Mezhprombank lists Plus: " Buy-back enables client to not burden itself with realization of car at decision to replace auto, and also reduces monthly payment under credit, a little. To. At sum of credit of 100 % of cost of car for three years of crediting client repays roofing felt of 50 % of cost ".
" Is at this program and lacks. They consist in enough rigid requirements to operation and service of car; besides buyer pays percent under credit for a part of basic duty which repayment is planned on end of term of credit, - Elena Sidorovich, head of department on autocrediting bank " specifies Renaissance the Capital ". - In classical products of auto crediting sum of basic duty decreases with current of term of crediting much more quickly and as consequence, sum of means paid to bank of repayment of added percent is reduced ".

Interest-free, but not free-of-charge

  There are some variants of interest-free auto crediting. Here one of them. Buyer pays from own means from 30 up to 50 % of cost of car, for remained sum bank grants a loan to buyer. Thus dealer gives discount for car at a rate of, paying expenses of buyer under credit: percent for use of credit and other accompanying charges. Total amount of all payments, including an initial payment, is equal to cost of car without discount. " Thus it is important to understand, that actually the buyer pays percent to bank, but thus there is no rise in price standard (without the discount) costs of car ", - Elena Sidorovich warns.
Minus of such programs are and enough greater commissions for delivery of credit - from 150 up to 250 US dollars. Besides credit under this program is usually given for term of from 1 year till 3 years, and minimal sum of an initial payment will make from 30 % up to 50 % from cost of car.
Moskommertsbank has offered new financial product, being analogue of European and American variant of leasing for physical persons. " " Leasing of 0 % " car is in program of Moskommertsbanka on balance of rent company, before full execution by physical person of obligations under credit contract, - Oleg Spiridonov, operating director of department of retail business of bank tells. - an overpayment for car depends on term of leasing and size of initial payment ". Here, for example, under what conditions of rise in price of car does not occur: at initial payment of 0 % and term of leasing 1 year; at initial payment of 35 % and term of leasing 2 years; at initial payment of 55 % and term of leasing 3 years.

Payment for a speed

  And for people without accumulation - most mass novelty of a season: autocredit without first payment. Client receives car, paying only insurance and installation of signal system. Lack of given kind of crediting are higher interest rates as bank bears raised risks. Still above risks, so, and effective interest rates in autoexpress train-crediting. " At the express train-crediting client receives car with minimal expenses of time - it can make an application on reception of credit, having given only passport and, for example, driver's license, within an hour to meet with approval under credit and this very day to take away machine from interior ", - Anna Ushakov, the deputy chief of a department of development of management of auto crediting of VTB 24 tells.
And what kind of crediting is most favourable to those who does not hasten anywhere and has own savings? " It is unconditional, " classics "! Programs of autocrediting, application on which is considered by bank within several days, - Anton Rud, head of department of development of credit products of BINBANKa is assured. - For this time bank can lead high-grade analysis of solvency of potential borrower and make sure of its incomes ".



  Source: Info Cash Loan (24.12.2006)