The share of Chinese cars in credit sales in Russia is growing steadily. This shift is supported by the visible push of Chinese brands in the local automotive market, the rapid rise of new showrooms, and a change in how Russians think about car ownership. Chinese manufacturers are increasingly seen not as a niche option, but as a viable and attractive choice for everyday transportation. This trend reflects broader changes in consumer preference, dealership networks, and the financing landscape that together push more buyers toward these cars.
Over time, the perception of Middle Kingdom brands has shifted from being a last resort to being a mainstream option for personal mobility. Established and emerging Chinese marques are now consistently present in mainstream car showrooms, with model lines spanning compact sedans, SUVs, hybrids, and fully electric options. Buyers are drawn by a blend of value, contemporary design, practical features, and improving aftersales support. Market data indicates a broader acceptance of Chinese cars among families, professionals, and urban dwellers looking for reliable daily transport at competitive total cost of ownership.
In response to this demand, Otkritie Bank expanded its Chinese car loan program by broadening the brand coverage. The bank now supports a wider array of options under its special program Promo China, which has been updated to include 16 Chinese brands. The expanded roster features Geely, Chery, Cheryexeed, Haval, Changan, FAW, JAC, GAC, Dongfeng, Omoda, Skywell, Great Wall, Tank, Hongqi, and Voja, alongside Evolute, the electric vehicle developed through a collaboration between Russian and Chinese partners. This expansion makes it easier for customers to choose a vehicle that aligns with their needs and budget while benefiting from the financing terms offered under Promo China.
For bank customers, the car loan interest rate is set at 10.4 percent per year, with a maximum loan amount of 8 million rubles and a maximum term of seven years. A minimum down payment of 10 percent is required, and casco insurance is included in the deal. Without casco, the rate starts at 11.9 percent per year in rubles, reflecting the additional risk protection that casco provides for lenders and buyers alike. These terms are designed to support a broader consumer base, including first-time buyers and those upgrading to a newer model, while encouraging prudent financing decisions and timely loan management.
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