Preferential government car loans are now offering some of the largest banks, with offices throughout Russia (actually, one of the conditions of the Bank's participation in the program is the availability of car loans branches in all federal districts of the country). However, not everyone understands that there is a state-subsidized car loans. Try to understand. Frequently encountered misconception is that car loans – is an interest-free loan. Not at all, interest is charged, but the discount scheme. Auto Loans provides you bank on one of its programs: it can be a loan with a 18% or, for example, 20% per annum. Under the new rules, period at a preferential car loan is always the same – three years. However, you will not pay all the interest. The State will make for you 6.67%. The remainder will you give yourself. That is, if you arrange the loan, we assume a 18% annum, then pay 6,67% State, and 11.33% – yourself. The contract concessional lending indicates this is the remainder. Where did that figure – 6.67%? Indeed, official data on government car loans you it is unlikely not find any, but will see an indication that the benefit on a car loan is 2 / 3 of the refinancing. If you're not an economist, it is unlikely that this figure you will say something. Explains: refinancing rate is now at 10% therefore, 2 / 3 – it is about 6,67%. Auto Loans on such terms, of course, profitable. But before you arrange a loan, explore other offers soft loans. Low interest rates and flexible terms of frequently offer themselves automobile manufacturers. Typically, a car loan is issued through the salons of official dealers. So if you plan to buy a foreign car, you should find out what conditions are auto loan offers producer. Perhaps they will be more profitable than state benefits. Car loans through an authorized dealer of the manufacturer can be carried out even on the program with zero down payment or low percentage of apr (lower than the national car loans). Such operations are conducted through partner banks automakers or through their own credit institutions.