Azerbaijan, Baku, Sept.7. / Trend N. Ismayilova /
Terms for issuing auto loans to buy cars through Azerbaijani banks continue to maintain stability and accessibility, the representatives of the leading car manufacturers in Azerbaijan said on Sept.7. The terms for issuing car loans have remained at the same level or been aimed at lowering interest rates.
The Subaru automobile sales centre said that they were working with Bank Respublika and that it is possible to buy a car through a loan with an initial deposit of 30 percent under 22 percent per year for a five year term. The center also offers car hire on certain conditions in a 15 percent initial installment and under 19 percent per year for a four year term.
The Hyundai automobile sales centre said that the center has expanded its list of banks. It is possible to by a car through a loan from the Bank of Baku or Unibank, paying an initial payment at 25 percent under 20 percent per year for a three year term.
"We sell our cars through the NBC Bank. Conditions for the loan are the following: an initial payment of 20 percent with a 22 -24 percent interest rate per year for a three-five year term, with an initial payment of 50 percent the client is released from the annual percent payment for two years," the Nissan and Ford automobile sales centers said.
The automobile sales centre of Toyota mentioned that they buy the car through Azerdemiryol Bank. The center sells the car with the initial payment at 20 percent under 22 percent per year for the term of three years.
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