Prime Minister Mikhail Mishustin signed Decision on subsidies to banks for preferential car loans to families with children and health workers. 22.5 billion rubles were allocated for the provision of subsidies. Earlier, the Ministry of Industry and Trade made a proposal to expand the preferential program.
The subsidy will be given to those who offer loans at a discount of 10% of the cost of the car to families with one child, employees of medical institutions, as well as who have handed over the old car for a trade-in to pay the down payment. For residents of the Far East, the discount will be 25% of the price of a new car. The maximum cost of a car that can be taken on credit is increased from 1 million to 1.5 million rubles.
“It (a subsidy) will not only help to buy a car for those who need it, but will also support the Russian auto industry amid the situation with the spread of a new coronavirus infection,” the government said.
About subsidies – in the article “Kommersant” “The authorities are expanding the car loan program.”
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