Toyota opened the first of the automakers in Russia own bank - “Toyota Bank”

Those who want to buy a Toyota car loan will soon be able to arrange it in his own bank automaker. “Toyota Bank” was licensed by the Central Bank - the first of the financial units of foreign automakers. A year ago it became known that Toyota Kreditbank plans to establish a subsidiary bank in Russia. In early April, the Central Bank has registered “Toyota Bank”, and yesterday gave him a license. The authorized capital stock amounted to 340 million rubles. In Toyota Bank yesterday declined to comment.

Some Toyota dealers admitted that they had already discussed the conditions of credit program with Toyota Bank. “Company” Business Car “now has a joint program with the bank” - confirmed the director of the department of marketing “Business Car” Anton Kozlov. He said the rate on the loan when buying a Toyota will be close to market average - at 9% per annum. Met Toyota Bank and with staff of Major, but before the specifics until the case has not arrived, said a spokesman for the dealer Anna Trofimova.

However, the sales staff of one of the dealers of Toyota hopes that the rates of the new bank will be below average. “Competition among banks is high, it involves and the dealers themselves, - he explains. - For example, many dealers offer interest-free installments over several years with a contribution of 50% of the value of the car.”

25 June 2007 | automaker, bank, carmaker, dealer, russia, toyota, unit

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