Installment Options in New Vehicle Sales Are Decreasing: Here is the Installment Regulation in New Vehicle Sales

Statement from the Ministry of Commerce on Domestic Trade Regulations

Important information was shared regarding the domestic trade regulations issued by the Ministry of Trade last year. Information was provided on the current status of the installment intervals applied especially in vehicle sales. The lower threshold of the final invoice values ​​has now been determined as 400 thousand liras and the upper threshold as 2 million liras. These installment options are as follows:

  • Vehicles worth 400 thousand TL and below: Maximum 48 months installment option.
  • Vehicles between 400 thousand TL – 800 thousand TL: Installments can be made for a maximum of 36 months.
  • Vehicles between 800 thousand TL – 1,2 million TL: A maximum of 24 monthly installment option is offered.
  • Vehicles between 1,2 million TL and 2 million TL: The maximum installment period is 12 months.
  • Vehicles over 2 million TL: There is no installment option for these vehicles.

NUMBER OF VEHICLES WITH INSTALLMENT PAYMENT IS DECREASING

Due to the high inflation rates in our country, the number of vehicles with 24-month and 12-month installments is decreasing day by day. Recent statements reveal that the price limits of installment options have not increased. This situation also affects the purchasing power of consumers and changes market dynamics.

VEHICLE TYPES

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