• Home
• Channel: Shopping
• Car Loans Surge as Retail Buyers Shift From Leasing in Hungary

Car Loans Surge as Retail Buyers Shift From Leasing in Hungary

• 28 Apr 2025 2:03 PM
• Budapest Business Journal

Lower loan interest rates are driving a resurgence in traditional car loans among retail buyers, with the share of classic bank loans in rising to a decade-high of 30%, up from just 11% in 2022, according to biztosdontes.hu.

Financial expert Péter Gergely said that, in 2024, financiers signed vehicle financing contracts worth a total of HUF 160 billion with retail customers, marking a 36% increase from 2023.

Of this, leasing contracts with individual consumers grew 20% to HUF 112 bgillion, based on data from the Hungarian Leasing Association.

However, the volume of bank-issued car loans nearly doubled year-on-year, rising from HUF 24 bln to HUF 48 bln, according to figures from the National Bank of Hungary.

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers? Then just contact us here.

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Car Loan

XpatLoop Media Partner

Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

Explore More Reports

Extortionate Profits Revealed: Supermarket Chains Were 'Robbing' Customers in Hungary, Says PM

• 24 Mar 2025 6:54 AM

Retail chains were making out-sized profits on food and "we had to step in", Prime Minister Viktor Orban said.



Updated: New Supermarket Profit Margins Cap Now Effective in Hungary

• 18 Mar 2025 6:59 AM

A mandatory 10pc cap on supermarket profit margins on 30 basic food products took effect on Monday, the National Economy Ministry said.



Russian Discount Grocery Store Chain Mere Continues to Make Waves in Hungary

• 17 Mar 2025 6:20 AM

There are few establishments that sound less tempting than a Russian-owned discount grocery store. And yet – the chain Mere continues to make waves in Hungary. Turns out, their Hungarian manager is also connected to a generously state-funded film, a public media supplier, and Antal Rogán’s father-in-law.



Food Price Caps in Hungary To Be Dropped On Aug 1st

• 23 Jun 2023 9:42 AM

The government has decided to maintain the current cap on the price of some food products until August 1, the head of the Prime Minister's Office has said.