Loan from the manufacturer's cheaper

Automotive Proizvodstvo23-11-2008 loan from the manufacturer cheaper Many of those who wanted to buy a car this fall, we had to adjust their plans. Banks, chained shortage of liquidity, does not seek to borrow money to buyers of cars. However, the credit structure of the automakers themselves are interested precisely in car sales. Whether to seek the most advantageous terms of credit is in such banks, and what pitfalls you can encounter, Bigness.ru sorted out by specialists. Senior analyst at the Association of Russian Banks Sergey Grigoryan, states: "All the credit market has been declining volumes issued by the funds, including auto loans. "Universal" banks because of rising costs of funding its resources have to raise rates. Their programs are less attractive to the consumer. " Managing Director, Investment Group AG Capital Alexander Agibalov explains the reduction turns on the car loan market for two reasons: increasing interest rates and increasing banks' claims on the borrower. The latter measure is associated with the psychology of consumer behavior in times of crisis, experts said. In a difficult economic situation, people can either reduce their costs, or vice versa - to live for today and take loans without thinking about how they give. Beware of the latter, banks are tightening the requirements for the borrower.