Experts predict that in the next 1.5-2 months interest rates on car loans will decrease from 15% to 12%. The changes are related to the reduction of the NBU discount rate.
The credit market is also positively affected by the gradual recovery of the Ukrainian economy and the stability of the exchange rate of hryvnia for dollar. The fact that banks are expanding partnership programs with car developers contributes to the growth of the demand.
Expert opinion is confirmed by numbers. Sales of cars on credit have been increasing since the beginning of 2023, and the peak of applications to banks came in the summer. At the beginning of September, the number of car loans is 12% of the total sales of cars. In comparison with the beginning of the year, it increased three times, or by 4%.
Usually, Ukrainians buy Skoda cars on credit (more than 20%), Renault (20%), Volkswagen (17%), Toyota (17%), BMW (13−15%).
Create studio: WDVH