Information.
Each third car is bought on credit
By estimations of experts, on results of 2006 at least each third car bought in world, will be got on credit. Bankers consider, that this result - yet a limit, count, that market of autocredits will seriously grow due to regions, and are ready "to move" in interests of clients.
According to agency "RBK.Rejting ", on results of 2005 market of auto crediting in Russia was estimated in $4,5-5 billion at capacity in $20-21 billion, that is each fourth car in Russia has been sold under credit programs. In 2004 of sale on credit made 15-20 %. Leaders of market in 2005 were ROSBANK, MDM-bank and Rajffajzenbank - $822,6 thousand (97,6 thousand credits), $381 thousand (29,6 thousand) and $379 thousand (21 thousand) accordingly. For first half-year 2006, by estimations of experts of RBC, market of autocrediting has grown up to $5,4 billion Most "autocredit" bank, as well as in 2005, remains to ROSBANK which for first half-year was given out credits for sum more than $550 million (51,5 thousand). On second place there was MDM-bank, having given to credits for $317 million (25,5 thousand) . Third place has got to International Moscow bank - $196 million (12,5 thousand credits). Basic tendency of Siberian market of autocrediting is its active growth that involves more and more new players. In 2006 in district send new automobile brands, for example, Porsche (company " Sports of Auto ") and Citroen (company " Transervis "). Besides companies " World of Auto " (Volkswagen), " STS-cars " (Mercedes-Benz), "Bavarian Motor Center " (BMW), " Prestige of Auto " (Audi), "Patriot Avto" (Peugeot) have constructed modern dealer centers according to world standards of motor-car manufacturers. In grocery rulers of all banks focused for work with physical persons, there is an auto crediting, and insurance companies actively letter of credit at financial structures for insurance of risks under auto loans. According to deputy head of Far East regional management on retail business of bank URALSIB of Maxim Sokolova, high competition pushes credit establishments to expansion of grocery rulers, attraction in partners of a lot of motor shows, and also to search of new approaches to consumers. Motor shows start to introduce so-called Trade-in - system of clearing at which second-hand car is accepted as a partial payment for new car. In teamwork of banks and insurance companies it allows to simplify and reduce price of procedures of purchase of cars considerably.
Deputy director on retail business Siberian Open Society " AKB " of ROSBANK " Vitaly Kovalenko also marks THAT, that in connection with toughening of a competition banks offer borrower more attractive conditions. In particular, one of basic tendencies of leaving year is decrease in price parameters of programs of auto crediting. In comparison with November, 2005 now cost of autocredits in Novosibirsk has decreased for 2-4 % - on average up to 12-16 % annual. For comparison: according to Information bank portal SiBbanks.ru, one year ago credit for purchase of car in city on average cost 16-18 %, and in a number of credit organizations reached 28 % (without taking into account commissions).
As experts Alpha-bank at conference " marked Russian bank sector: a sight in future " which passed in October of current year in Moscow, for first half-year 2006 in Russia sales of new import cars - with 197 thousand (1.07.05) up to 318 thousand units have essentially grown and, on contrary, there was a recession of import of second-hand autos with 162 thousand up to 103 thousand Market of sales of Russian autos is at a former level - nearby 390 thousand machines. total sum of sales for first half-year has made $12,1 billion More than half of this sum it was necessary on new foreign autos, and average cost of foreign cars sold in Russian market, has decreased with $25 thousand up to $20 thousand.
At same time rates of growth of market of auto crediting essentially exceed growth of sales of cars. Today autocredits are in rulers more than 250 banks. Average size of autocredit is made nearby with $11 thousand and grows on 5 % a year. Under forecasts, in 2006 on credit it will be sold nearby 590 thousand machines. From them 213 thousand - new foreign cars and 174 thousand - new Russian autos. Experts Alpha-bank also mark, that 80 % of machines on credit buy men, and about 37 % from them models VAZ, 7 % - GAS and about 46 % - prefer models of foreign manufacture. 20 % of cars on credit buy women. About 28 % of customers prefer VAZ. On second place on popularity is Toyota.
Practically all banks had such product as auto credit with a zero initial payment, and apply for it borrowers who have not presented official information on incomes, and also buying not only new, but also second-hand autos of domestic and foreign manufacture can even. One year ago to do such offers units ventured. Besides this kind of credit was accessible only to borrowers, decided to get new foreign cars. However, with a zero payment it is necessary to pay for loan on average on 2 % more dearly than in case client has own savings at a rate of from 20 % of cost of machine and above. In reduction in price of price of auto credit has resulted also reduction of a package of insurance services which borrowers should buy. More often today banks demand to conclude contracts of kasko and OSAGO and do not include in number of obligatory requirements life insurance of borrower. Practically all banks have essentially lowered monthly commission for conducting account - from 0,5-0,8 % to 0,2-0,5 % - or have refused it in general in favour of a lumpsum payment for official registration of papers. However price of this payment has risen with $100 up to 4000 roubles, and in some banks up to 6000 roubles. " Someone has emphasized on decrease in annual interest rate, and someone declares reduction or refusal of any commissions. Given conditions are offered basically by banks working with large motor shows, being official autodealers ", - Vitaly Kovalenko makes comments on a situation. In some credit organizations it is possible to receive interest-free installments on payment of first payment under auto credit for 1-2 months. A number of banks has increased term of crediting till six years and maximal age of borrower till 65 years.
In market also there was a simplification of procedure of delivery of credit, in particular, due to application of skorring of-technologies. Practically all banks promise to consider applications for one-rub day, and some people even for half an hour-hour. Before bottom declared a rod were three days. Some banks have extremely reduced list of required documents - two documents, proving identity, and information on incomes in any form. However, such loyalty raises risk of a non-return, and rate on skorring to-credits usually appear above. According to chief of a department on work with physical persons of Novosibirsk branch TransKreditBanka of Sergey Menshikov, given technology has received greatest distribution at sale of inexpensive import second-hand and new domestic cars. Banks also give to clients option of size of monthly payment and term of credit, allow to repay ahead of schedule loan (in three months after its reception) without penal sanctions. Borrower having positive credit history can count on concessionary terms and decrease in interest rate.
In TransKreditBanke also mark, that concerning some inexpensive cars in Siberia tendency of replacement of classical autocredit meaning insurance of car and its acceptance in mortgage, on more dear, but more simple in registration consumer credit is observed. " To estimate a share of a gain of no-purpose credits due to deliveries on purchase of motor transport it is problematic enough. However for nine months 2006 portfolio of our bank has essentially increased both under no-purpose credits, and under credits given exclusively on purchase of motor transport, - has told "KS" Vitaly Kovalenko. - Means received through consumer crediting, possibly, can be used by borrower on purchase of cars through auctions or on purchase of second-hand cars which are not meeting requirements, shown by banks for granting auto credits. For example, at discrepancy of year of release of car to conditions of credit "." In market of new import cars which are on sale through motor shows, this tendency is expressed to a lesser degree. Probably, at significant cost of car reasonable price of credit has greater value, than term of its registration and delivery ", - Sergey Menshikov adds.
In other banks, on contrary, observe significant growth of a share of target credits in total amount of auto crediting. Director of branch " Siberian " of Joint-Stock Company " Rajffajzenbank Austria " Andrey Pochesnev is assured, that " at detailed calculations to consumer it becomes clear: target credit is more favourable to purchase of car, than consumer without mortgage ". In Novosibirsk Municipal bank also are more interested in target credits, allowing to minimize risk of a non-return.
Experts speak and about change of geography of sales of auto. In Municipal bank " KS " have told, that earlier cars were on credit bought basically " from hands " and on car markets, and recently borrowers even more often get them in motor shows or on auctions in Japan. " It gives a certain guarantee of that bought car will not appear " a cat in a bag " by way of quality, criminal " past ", etc.", - assistant to general director of Novosibirsk Municipal bank Evgenie Menjajlov makes comments. In ROSBANKe also mark, that demand for purchase of machines through autoauctions grows. " basic sales volume while is necessary on car markets and motor shows. However we do not exclude, that in further special program on purchase for proceeds of credit of machines on autoauctions " will be developed, - Vitaly Kovalenko predicts.
Participants of market speak and about change of priorities of buyers. Demand for registration of autocredits grows in Municipal bank for purchase of four-seven-year foreign cars in cost up to 400 thousand roubles, and also on purchase of new buses and lorries 1998-2002 of release in cost up to 2 million roubles of domestic and foreign manufacture. In ROSBANKe observe tendency of increase in sales of more dear cars of foreign manufacture. Bankers explain it increase in a prosperity of population of Siberia and active development of a network of dealers of known world marks of cars of a representation class. Besides share of sale of cars of foreign marks of domestic assembly has increased, and many motor shows do rate on sales of such cars, considering lower in comparison with cars of foreign manufacture cost and quite comprehensible quality of assembly.
In Rajffajzenbanke new cars of foreign manufacture in a price segment up to $15-20 thousand In URALSIBe cars of a domestic production, foreign cars collected in Russia (Ford, KIA, Hyundai), and also cars in cost up to $20 thousand use greatest demand greatest demand use And in TransKreditBanke, on contrary, mark falling demand under autocredits for new domestic cars in comparison with similar period of last year. " It is connected first of all with some delay of rates of growth actually sales of Russian machines. Besides in market in same price category there were new cars of foreign marks. They have made sharp enough competition domestic auto ", - Sergey Menshikov speaks.
By estimations of experts "RBC-rating", in 2006 market of autocrediting in Russia should grow on 30-35 %, up to $6-7 billion, and to 2010-ìó - on 50-60 %, up to $10 billion By end of 2006 on credit should be on sale up to 35-45 % of cars. Participants of review consider, that these tendencies will be characteristic and for regional markets, and prepare for toughening struggle for borrowers. In majority of credit organizations "KS" have declared, that plan to expand a ruler of auto which can be bought on credit, and also a spectrum of tools of crediting: to enter leasing and factoring schemes on purchase of a special equipment and vehicles. In Municipal bank are measured to expand geography of delivery of credits, " to be closer to clients ". " Now autoloans stand out only at head office, in immediate prospects to issue autocredit it will be possible and at additional offices of bank located in various areas of city ", - Evgenie Menjajlov explains.
Evgenie Menjajlov does not exclude occurrence of new tendencies regarding simplification of procedure of delivery of auto credits. According to financier, already in near future client most likely can come to a motor show, having at itself passport and driver's license to choose liked car, to leave on it at once after registration of necessary documents, and then monthly to repay obligations taken on under credit. Probably, procedure of reception of insurance compensation will become simpler and will be accelerated at approach of insurance event. package of documents for registration of reception of insurance compensation in an insurance case will be reduced.
Head of Center of auto crediting of Novosibirsk branch Alpha-bank Andrey Chirok also has declared "KS", that bank plans to reduce rates, to reduce term of consideration of applications and to start program of crediting of cars from auctions. Besides in bank program of crediting of second-hand cars more " old age " is developed, since 1996. ROSBANK is going to enter new conditions under programs of auto crediting since November of current year. In particular, to cancel an obligatory condition of registration of contracts of life insurance and health of borrowers and additional insurance of a civil liability. As a result borrower will have an opportunity to issue credit for all cost of car, that is without an initial payment. Besides from beginning of November of ROSBANK has offered partners - to large auto dealers - individual conditions of cooperation, including on price parameters of programs sold in motor shows.
Interest of bankers to auto credits is quite obvious, experts speak. mortgage of car and work in a tandem with insurance company allow to minimize risks from an investment of means. Besides borrower " enters into taste " crediting and then more actively and willingly buys credit and other products offered by bank.
Source:
Info Cash Loan (24.12.2006)
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