6 Major Automotive Companies Excluded from the Loan Package
Especially in the last few years, buying a new car has become increasingly difficult in our country. Both the increasing taxes and the tax on vehicles...
Especially in the last few years, buying a new car has become increasingly difficult in our country. Both the increasing taxes and the tax on vehicles...
Especially in the last few years, buying a new car has become increasingly difficult in our country. need increasing taxes, as well as for vehicles with raises We can buy these cars at very high prices, usually with the loan options provided by banks. At this point, an important decision was made by the banks.
Honda, Hyundai, Fiat, Ford, Renault And ToyotaAfter increasing the prices of its vehicles Ziraat Bank, Halkbank And vakifbank; decided to stop the credit packages given to this brand of vehicles. In the statement made by 3 banks, it was announced that the Domestic Production Special Vehicle Loan product started to be offered to customers as of October 1, 2019.
Joint statement from banks
Three banks made a statement regarding the loan cooperation offered to automotive brands producing in Turkey and included the following statements:
“Vehicle loans are offered to our individual/corporate customers who will purchase a new kilometer passenger car or commercial vehicle from contracted companies, with a monthly interest rate of 0.49 percent to 0.64 percent, depending on the agreements made with the companies. With the collaborations, financing has been provided to customers who want to own vehicles under favorable conditions, and a significant dynamism has been brought to the automotive industry. “The financing opportunity provided has also received great praise from the automotive industry.”
“The purpose of the package was acted against”
customers automotive Banks stated that they should not suffer due to the price increase brought by their companies and said that the purpose of the package was acted against. The statement made by Ziraat Bank, Halkbank and Vakıfbank is as follows:
“On the other hand, in order to prevent credit campaigns from being turned into an opportunity for price increases by companies and to prevent our citizens from suffering due to possible price increases; It was announced to the public with our press release dated 02.06.2020 that we will work with companies operating in accordance with the scope and purpose of the announced credit packages, and that if there are companies that reflect the appropriate financing opportunity offered to customers as a price increase in their products or services, the relevant companies will be excluded from the scope of the credit package. At this point today, it has been observed that Honda, Hyundai, Fiat, Ford, Renault and Toyota companies have increased their prices despite the stated statements. Honda, Hyundai, Fiat, Ford, Renault and Toyota companies, which act contrary to the purpose of the vehicle loan package, which aims to provide our individual and corporate customers with access to low-cost financing in addition to encouraging domestic production, have been excluded from the scope of the loan package.“
With the statement made, from now on, citizens can buy Honda, Hyundai, Fiat, Ford, Renault and Toyota vehicles with affordable loans through Ziraat Bank, Halkbank and Vakıfbank. won't be able to buy it.
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