Nghe An: 35% of car owners borrow from banks

(Baonghean.vn) - Nghe An is one of the localities with the largest number of cars in the country. However, up to 35% of mid-range cars priced from 600 - 800 million VND are sold in the form of mortgaging the main property to own.

Up to this point, Nghe An has more than 70,000 registered cars of all kinds. In particular, the number of cars used for personal and family needs from 2 to 7 seats is concentrated in Vinh city.

Nghe An has more than 70,000 cars of all kinds. Too many cars are causing the traffic system to start to overload.

Through a survey at businesses, showrooms, suppliers and distributors of cars (2-7 seats) of some car brands in Vinh city, it shows that Nghe An consumers in general and Vinh city in particular have quite diverse needs in buying and owning this means of transport.

In which, there are 2 car market segments that people focus on the most. That is the car line with price from over 300 - 500 million VND, including types such as: Kia moning, Huyndai i10, i20, Misubshi; The higher-end segment belongs to the car line with price from 600 - over 800 million VND excluding registration tax, including types such as: Vios, Altis of Toyota; Rio, K7 of Kia; Sonata, Acent of Huyndai or Mazda 2, Mazda 3.

However, Vinh also has many high-end car models that are popular with consumers such as: Audi, BMW, Mercedes, Renault... Super cars worth more than 3 billion VND also appear a lot on the streets of Vinh city.

Customers buy cars at Honda Vinh auto showroom.

Quite special, although the demand for car ownership is high, not everyone is financially independent to buy a car. According to the survey, for mid-range cars priced from 600 - 800 million VND, up to 35% are sold in the form of mortgaging the property to own. And from 20 - 25% is the number of cars that customers mortgage themselves to buy cars priced from 300 - 500 million VND. This number is also equal to the luxury car line over 800 million VND.

Thanh Quynh