Endemic deteriorating conditions car in the first half did not stop driving. They continued to stand in a queue to credit inspectors and issue new loans. Changed only currency preferences of borrowers: if you have the January-March, the highest demand for auto at SCR, then in May-July, people preferred hryvnia. A sharp change of mood, one reason - their price fluctuations on the currency market.

Rampant rise

Renegotiation car in the first half began with the rise in prices. «Bidding on grivnevym credit grew by 5-8% per annum, dollar - by 3-5% per annum in the euro - an average of 4% a year», - told the «D» Director of Finance «Consulting & Investments» Alexei Vegera. Cost of car in natsvalyute today is within the 18,5-25% annual in euro - 12-19%, in U.S. - 13-19%. Also, a number of banks to 5% raised the minimum initial deposit - up to 10-15% of the value of the car. Only a few have continued to extend credit without a fee: usually to obtain such loans accounted for one of two conditions: to agree to increase rates by 1-2% per annum, or to provide additional security, such as third party guarantee. At the same time, the bankers began to scrutinize borrowers. «A more thorough examination of the solvency of customers led to a nearly twofold increase in denials of car loans», - explained «D» situation deputy head of advertising and media relations with the Bank «Khreshchatyk» Lesya Tsybko.

Virtually invisible on the market in the first half were novices, loudly declared itself early in the year - the financial company, established automakers: in January, in our market left FC Renault Finance, in early July - FC Nissan Finance. They have forgotten their recent promises of cheap loans and loans sold at a price of Ukrainian banks. In explaining this policy weak funding from the foreign owners. The only advantage finkompany today - is a loyal customer demands for contributions. «We did not change these conditions: up to six years kredituem without an initial contribution of up to seven - in making the customer 10% of the value of a car», - told «D» Director of RCI Financial Service Ukraine Reno d `Orzheval.

As before, the financiers are two main reasons for the deterioration of credit conditions: continuing global financial crisis and actively tying money the National Bank, who continues to fight inflation. «The financial market is still there a resource shortage, which began in late spring. Banks are simply not able to accumulate sufficient resources for lending in the previous volumes, because they were forced to seriously review its credit policy », - told the« D »Director of lending to individuals for purchase of cars Pravex Bank Christine Boyko.

Foreign exchange losses

The massive rise car forcing motorists rigorous than before, miscalculate their spending. This has led to rapid growth in demand for grivnevye loans - according to different estimates, at 1,5-2 times. Those albeit expensive car in the U.S. and the euro, but allow buyers of foreign cars to minimize currency exchange risks. Many of them at the beginning of the summer came to this course a trap: after the fall of the dollar in cash 4,9-5 grn. / $ In April to 4,5-4,6 grn. / $ During the summer they are simply not enough from the finuchrezhdeny loans for buying cars and had to add their own funds. Despite the fact that the car is called the price of their cars in the SCR, contracts for the purchase process, in hryvnias at the rate of the dollar on the day of its issue, but because a revaluation natsvalyuty occurring during delivery expectations cherished automobiles inevitably financial losses.

In the near future, the Ukrainian banks will not promise to clients to improve car. «In light of the expected acceleration of inflation rates on credit can also increase: the cost grivnevyh loans rise by 2-3% a year, foreign exchange - to 1-1,5% per year», - told the «D» Alexei Vegera. Also, experts admit another increase of the initial fee - up to 20% of the value of the car. Poblazhek, according to experts, can be expected only from the financial companies with foreign roots. In 2009, anticipated the emergence of financial Ukraine «daughters» just three automakers - Toyota, Audi and Volkswagen, as well as an increase in lending is already working on the FC market. As the competition in this segment, experts predict that lowering interest rates.

This entry was published 28.07.2008v 23:15. In sections: Financial news. You can follow the replies to this listing via RSS 2.0. You can leave your comment or trekbek from your site.