VTB and GC Avtodom, the official dealer of KTM motorcycles in Russia, announced the beginning of cooperation.
- (1888PressRelease) May 14, 2022 – Now the bank’s customers are able to purchase Austrian-brand motorcycles on credit.
Customers can apply for financing using two documents (passport and driver’s license category A) on the website, at VTB car loan centers or at KTM dealerships. They can take 300 thousand RUR to 3 million rubles for up to seven years.
Equipment, accessories, maintenance and insurance services can be included in the loan amount. The initial payment under the bank program is from 20% of the cost of the motorcycle. The acquired vehicle acts as collateral for the loan. The minimum rate for borrowers is 15.9%. It is available subject to the life insurance of the borrower for the entire term of the loan agreement.
Avtodom Group of Companies is the official distributor of KTM motorcycles in the Russian Federation. Today there are 10 official dealer centers in eight regions of the country: Moscow, Moscow Region (Khimki and Near Prudishchi), Leningrad Region (Kudrovo), Krasnodar, Kazan, Novosibirsk, Irkutsk, Krasnoyarsk and Yuzhno-Sakhalinsk.
Despite the climatic features of our country, motorcycles are a popular alternative to cars. This type of transport is interesting for residents of large cities, travelers moving along the highway, and lovers of extreme cross-country races. VTB financed the purchase of motor vehicles for about 110 million RUR according to the results of the first quarter. The volume of transactions increased by almost 30% compared to the same period last year. To date, the bank cooperates with more than 60 dealers selling motorcycles, with plans to increase their number to 500. We started cooperation with another partner with the start of the motorcycle season. We expect that a wide choice of brands in our line will contribute to further growth of the population’s interest in buying motorcycles, said Vladimir Vysotsky, Vice President, Head of VTB Auto Loan Sales Organization.
We are actively preparing for the opening of the 2022 motorcycle season and are looking for ways to make buying and owning a KTM motorcycle the most profitable for our customers, despite the uncertain situation in the country. In April, we launched a joint loan program with VTB Bank. This will allow buyers to individuals to purchase a motorbike on the most comfortable conditions. The size of the down payment, the term of the loan and the interest rate are calculated individually for each client. The program will be available at all KTM dealerships in Russia, Dmitry Smolyakov, Head of the import department of KTM Avtodom, the official distributor of KTM motorcycles in Russia said about the new product.
KTM produces the highest quality off-road and road motorbikes in bright orange. The company was founded in 1953. It is one of the market leaders in Russia, where it has been present since 2007. Now the production of motorbikes is carried out in Austria and India. Each model goes through uncompromising stages of development and testing in real conditions and in sports competitions.
AVTODOM became the exclusive distributor of KTM motorcycles in Russia at the end of 2020. The company’s plans updating brand standards and expanding the dealer network. AVTODOM attracts reliable partners with successful experience in the motorcycle industry.