The most profitable car loan can be obtained from capping banks
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The most profitable car loan can be obtained from capping banks

27.06.2022 /

If a person urgently needs a car, then he is ready to study the mountains of information in order to find the most suitable and favorable lending conditions. We paid quite a lot of attention to the topic of credit programs on the pages of our portal Vodi.su.

If you carefully read these articles, you will see that a car loan in Russia is not very profitable, since you have to make an initial payment, confirm your income, purchase CASCO and, at the same time, overpay from 10 to 20 percent.

Every person has different wishes for a car: someone needs a cool car for three million, someone is ready to buy a domestic budget sedan to go to the country, and someone will have enough used “nine”. From this you need to build on, choosing the most advantageous offer for yourself.

The most profitable car loan can be obtained from capping banks

We will not list the numerous names of Russian banks and talk about interest rates - they are almost the same. I would like to draw the attention of readers to such a new phenomenon for Russia as capping banks.

Captive banks - what is it?

A capping bank is a specialized financial institution that cooperates exclusively with a specific car manufacturer. Hence the names: Toyota Bank, BMW Bank, Bank of Tokyo-Mitsubishi UFJ. Some manufacturers work closely with banks and offer their own lending programs, such as Nissan-Finance.

What is the advantage of such banks and programs over the usual car loans?

The thing is that automakers are not as much interested in additional profits as our banks (you can choose the epithet yourself). The price of the car already includes all the costs of its production: materials, delivery, recycling fee, wages, advertising campaigns, and so on.

Accordingly, the goal is to sell more cars and in a shorter period of time. Hence the relatively low interest rates.

Let's take a look at the offers available today.

The most profitable car loan can be obtained from capping banks

Toyota Bank offers several programs for its products:

  • Camry Trade-in - from 5,9 per annum;
  • Toyota Tested (verified Toyota) - a loan for a car with mileage - from 9,9 to 17 percent per year;
  • Hybrid - a loan for hybrid cars Toyota and Lexus from 8,9 percent to 13,3.

Loan programs are constantly updated, it makes no sense to list all of them, but the essence is clear - the interest is profitable, for many programs two documents are enough, CASCO and VHI are not required.

True, there is one “BUT” - such favorable conditions are given only for certain models, for example, on the eve of the New Year holidays, a promotion for Toyota RAV4 starts at 8,9%, but subject to at least a 30% contribution. And to get a Camry at 5,9%, you need to deposit from 50 percent.

The most profitable car loan can be obtained from capping banks

That is, the offer is really profitable, but only for those who can immediately pay half the cost of an expensive car from Toyota. In addition, preferential terms are valid only for one year, but if you want to get a loan for a longer period, then get ready for the usual rates from 9 to 17 percent.

BMW bank, also has something to offer its customers:

  • BMW Special - loans for new cars, rates from 6,5 to 12,5%;
  • MINI Ideal — credit for MINI One from 5,95 to 10 percent;
  • BMW with residual payment - 11,5-13%.

It is clear that BMW does not produce the cheapest cars and most newcomers do not dream of them, but at least Dacia Nexia or Lada Kalina, but it is worth considering. For example, a BMW 3 series under the BMW Special program will cost about 18-25 thousand per month. The conditions are as follows: compulsory CASCO insurance, 15% contribution, rate from 6,5 to 12,5 - the rate depends on the loan term. The BMW X3 SUV under this program will cost you 25 per month.

The most profitable car loan can be obtained from capping banks

People whose income allows you to pay for such loans, of course, will not pass by such offers.

If we take for example the financial program Nissan Finance, then we will see that we are offered quite decent conditions. So, there are offers for crossovers and SUVs: Murano, Patrol, X-Trail, Navara. If you immediately deposit 30 percent of the cost of Nissan Murano (it will be 485 thousand) and apply for a loan for a year, then you will need to pay about 80 thousand per month. The overpayment will be only 4,9 percent.

There is a promotion for Nissan Juke - Zero percent for two years. But this is if you immediately pay half the cost - 300 thousand. In a month you will need to pay only 13 thousand rubles. For those who cannot immediately pay so much, you can break the entire amount into 3-5 years, although the percentage will be higher - 8,9-14,9, and you will have to pay 14-15 thousand per month.

The most profitable car loan can be obtained from capping banks

If you wish, you can find many more such programs from Renault, Peugeot, Mitsubishi, Mazda and other manufacturers. VW and Skoda also have their own profitable promotion.

Please note that many foreign manufacturers take part in the recycling program and offer discounts of 40-50 thousand, subject to the exchange of an old car for a new one. Unfortunately, most of these offers apply to cars in the middle and higher price categories.




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