Banks Finansy17-04-2009 Car Loans: no market - no scams Market auto loans today do not live and survive. The number of banks willing to work in this market has declined considerably. At the same time, continue to exist some proposals from automakers themselves, mostly foreign. Domestic auto industry to help government program concessional lending. However, the collapse of car loans there are some positive consequences - fewer borrowers and unscrupulous scams. As already told Bigness.ru, financial crisis negatively affected the car loan market. Now the market dropped in its development a few years ago, to the level of 2004-2005, when the car loans as a full-market product was in its early development - both described the situation to the press service VTB24. In general, there was a significant reduction of players in this market. "Today we see the 8.10 banks, against 50-60 banks a year ago" - told Bigness.ru in VTB24. Today, "the market does not live, but rather, exists", - said the managing director of investment group AG Capital Alexander Agibalov. Contraction of the market contributes to a combination of factors: the fall of the solvency of the population, stricter requirements for borrowers and higher interest rates.
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