Automotive Information
Meanwhile, the premium automotive market in Indonesia is actually quite small. Only about 1 % of whole automobile sales in Indonesia contain premium brands corresponding to Mercedes-Benz and BMW. The authorities set several terms and circumstances for the manufacturing of LCGCs.
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The central financial institution of Indonesia determined to revise the down payment necessities for the purchase of a car in an attempt to spice up credit score progress . Per 18 June 2015, those Indonesian customers who use a loan from a monetary establishment to buy a passenger car have to pay a minimal down payment of 25 % . The minimum down cost for industrial autos remained at 20 p.c. It is estimated that round 65 p.c of all automobile purchases in Indonesia are made by way of a mortgage. On the long-term, the government desires to show Indonesia into an …