The average term of a car loan in Russia reached a record six years by the fall of 2026

By the beginning of autumn 2026, the average term of a car loan issued in Russia reached a record six years. This was reported by the Izvestia newspaper with reference to data from the United Credit Bureau (UCB).

Car loans are becoming increasingly long-term obligations for Russians, experts say. As the average term increases, the loan size also increases. The latest figure came close to 1.6 million rubles - the maximum in the entire history of observations.

Experts attribute this dynamic primarily to the significant rise in price of cars on the domestic market. According to Frank RG, over the past six years the weighted average price of a new car in Russia has increased almost 2.4 times, to 3.5 million rubles.

The growth rate of citizens' real wages, in turn, does not keep pace with the increase in the cost of vehicles, noted Freedom Global analyst Vladimir Chernov. Loans themselves to buy a car in Russia remain expensive for a significant part of the population. In the current realities, the expert stated, increasing the term allows you to simultaneously compensate for the rise in price of the car and the high interest rate.

In the fall of 2026, the head of the analytical agency Avtostat, Sergei Tselikov, predicted that the rate of increase in car prices will most likely accelerate. This will be facilitated by the weakening of the ruble against the dollar and the traditional adjustments to dealer price tags at the beginning of autumn.