As we have noted many times, after all legislative changes, Russian cars have become one of the main accelerators of overall inflation in the country. The weighted average cost of a new car has exceeded 3.5 million, and, understandably, few people can afford such a one-time expense directly from their wallets. The rest will have to settle for car loans, and here’s how report The National Credit Bureau (NBKI) shows that the average size of Russian car loans has reached 1.59 million rubles.
Image source: ChatGPT.
It should be added that we are talking about the average size of car loans nationwide. In some areas, they significantly exceed this value. Therefore, the average car loan size in Moscow, Moscow region, St. Petersburg and Tyumen regions ranges from 17.2 to 2.1 million rubles.
You should also know that the difference between statistics on the average size of a car loan and the weighted average cost of a new car is not an error. Many times, after paying a down payment, car owners will purchase a used car on credit or take out a loan to pay for the residual value of the car. In addition, now in Russia the used car market is growing dramatically, because only here you can still buy relatively “fresh” cars from familiar world brands at reasonable prices. Because they were purchased before all legislative changes in the area of tariffs and fees.
