VTB: Choice of the new car

2019: Start of service

At the end of January, 2020 it became known of start of a marketplace by VTB bank for sale of new cars. It is the joint project with the ILSA autoaggregator.

On the website more than 16 thousand new cars of 47 brands are provided. In the description of each car there are its technical characteristics, a complete set, photos and terms of credit.

As the vice president —  the chairman of the board of VTB Anatoly Pechatnikov explained RBC, the directory of cars which are sold in the dealer centers for all Russia appeared on the website of bank at the end of December, 2019. In the section "The choice of the new car" clients of VTB can reserve vehicles, issue the credit if necessary and then issue the transaction in car showroom.

VTB started a marketplace for sale of new cars

By January 31, 2020 through a marketplace it is only possible to submit the application for the credit, and money will be given at office of bank or in a motor show in the presence of the bank representative. Completely far off it will be possible to make out a car loan later in 2020, assured of bank.

It is expected that start of own automobile marketplace will help VTB to cut down the expenses, having reduced the price of issuance of credits for clients.

Retailers in car showrooms think of the size of the commission fees very much. And this method [a design of car loans online]  allows to reduce the price for banks and for clients of issuance of credits and to avoid unnecessary expenses on presence at motor shows — Anatoly Pechatnikov explained to the edition.

According to the head of group on rendering consulting services to the companies of the financial sector of KPMG in Russia and the CIS Natalya Rakova, at a design of a car loan in salon the bank in most cases pays the commission to the dealer as the agent. The average amount of such remuneration on the market is from 1–3% of machine cost in unofficial car centers  and  up to 6–10% at "ofitsal".^[1]

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