Government supports LADA sales

LADA IS A PARTICIPANT OF THE EXTENDED STATE CAR LOAN PROGRAM

LADA Granta, NIVA Legend and NIVA Travel cars participate in the updated state program to support demand in the car market.

Updated program, which the MIT of Russia approved since 16 November, covers additional categories of citizens who are entitled to preferential loan when purchasing a new Russian-made car. The preferential car loan program is extended to military servicemen, including those ones who were called up as part of partial mobilization, their family members, as well as pensioners who previously served in the Armed Forces. They all can purchase a new car with a 20-25% discount depending on the region.

President of “AVTOVAZ” JSC Maksim Sokolov noted: «AVTOVAZ supports the decision on extending categories of citizens who can use state programs. We thank the Ministry of Industry and Trade for the launch of these tools in 2021 and see their high efficiency”

Recall, that according to the current conditions of the state program, preferential car loans are available to families with at least one minor child, medical workers and teachers, as well as drivers, who buy a vehicle for the first time. The conditions also apply to drives, who give the car older than 6 years in trade-in, provided that they owned it at least one year. The car loan program is valid until December 1, 2022.