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Sverdlovsk Region: Only 20% of Families Can Buy Cheap Car on Credit


13.10.2016
UrBC, Moscow, October 13, 2016. Only 20% of Sverdlovsk Region-based families can afford to buy a car that costs 470,000 RUR on credit, RIA Rating reports.

Also, only 5.6% of the agency’s research subjects can afford to buy a car that costs 1.2m RUR on credit. A car that costs 5m RUR is only affordable for 0.5% of Ural families.

As for the country on the whole, over a third of households based in seven different constituencies can afford to buy and operate a new car that costs 470,000 RUR, while an average family can afford to buy a used car, at least. The share of such families is as high as 56.3% in Yamalo-Nenetsky Autonomous Region, 441.2% in Khanty-Mansiysky Autonomous Region/Yugra, 40.4% in Nenetsky Autonomous Region, and 39.3% in Chukotsky Autonomous Region.

In twenty different Russian federal constituencies, under 10% of families can afford to buy and operate a new car that costs 470,000 RUR. Apparently, people living in the country’s less prosperous locations must make do with used cars and spend very little money on maintenance.
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