Home » News » The Ministry of Industry and Trade will expand the program of preferential car loans for families with children

The Ministry of Industry and Trade will expand the program of preferential car loans for families with children

The Ministry of Industry and Trade plans to expand the program of preferential car loans. It can be extended to families with children, should from the draft government decree.

– –

The maximum price of the car is proposed to set at 1.5 million rubles. This will allow families with children to purchase cars of larger capacity in compliance with all safety requirements for transportation of minors.

– –

Preferential car loans are the main measure of state support for the Russian automobile market, which in 2019 decreased after two years of growth. Under the current First Car program (for those who buy a car on credit for the first time) and Family Car (two or more minor children), the state compensates 10% of the cost of the car (25% for residents of the Far East). In both programs, only Russian-made cars worth up to 1 million rubles are currently participating.

– –

5 billion rubles will be allocated for preferential car loans in 2020. According to the calculations of the Ministry of Industry and Trade, this will allow to purchase more than 50,000 new cars. In addition, a bill is being considered by the State Duma, which provides for an increase in funding for the program by another 5 billion rubles. Additional financing should be approved in the form of amendments to the budget of 2020. Its source will be the redistribution of funds for support programs for leasing of Russian engineering and the production of self-propelled vehicles.

– – .

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.