In Turkey buy a car & pay for it in 60 installments

Within the scope of the “Regulation Amending the Regulation on Principles and Rules to be Applied in Retail Trade” prepared by the Ministry of Commerce, the installment opportunity for the vehicle up to 60 months was welcomed by the automotive sector.

Ford Otosan Authorized Dealer Sales Department Chief Huseyin Ermis told the AA correspondent that their business gained momentum during the epidemic period.

Stating that there is a dynamism in his business with low-interest loans and interest-free loan opportunities provided by Turkey, Ermis added saying, “In the 60-month installment facility offered by Turkey, it was deemed appropriate to install 60-month installments for vehicles with a price of up to ₺120 thousand. For the figures between ₺120 thousand and ₺300 thousand, 48 months will be given, and 24-month maturity options will be given for the figures above ₺300 thousand.”

Ermis noted that the installment opportunities will further mobilize the automotive market.

Renault Authorized Dealer Sales Consultant Teoman Dut also said that his business was active during the epidemic.

Explaining that the sales continued especially until the last months of last year, Dut said, “Demand was high during the epidemic. Our sales increased until December. With this installment move, the market will become more active. We will see the effects of this in the coming days.”

Source: AA / Translated by Irem Yildiz

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