socialbites.ca has learned that although many foreign auto companies have suspended their activities in Russia, its subsidiary banks continue to operate in the country in secret. Credit institutions actively attract customers with loans at favorable rates. For example, MS Bank Rus, owned by Mitsubishi, submitted an offer covering the entire model range of the brand in July.
“From July 15, we reduced the rate and now a citizen can buy a new Mitsubishi car with a loan of 9.9% per annum,” Andrey Kochenkov, Director of Business Development at MS Bank Rus JSC, told socialbites.ca.
RN Bank, owned by Renault and Nissan, continues its work. It lends to customers when purchasing French and Japanese brands, as well as AvtoVAZ models.
There is also Toyota Bank. At Moscow Toyota dealerships, you can get a loan of 14.6% per year for the purchase of the RAV4 crossover.
Despite the sanctions imposed on Russia, banks continue to accept applications for the purchase of cars and issue new loans, and such credit institutions have no plans to cease their activities.
Read about the state of banks with major auto concerns and whether it is worth taking soft loans to buy a car from them. material “socialbites.ca”.