Translated with AI from the Russian original.
The car is immediately registered as the property of the taxi fleet. The loan rate is 24.5% per annum, and thanks to the deferred payment, monthly payments will be 20% less, which will allow the business to save up to ₽214,116 per year for each car purchased.
In addition, taxi fleets will be able to recover up to 20% of the cost of the car by using VAT deduction, on average - the amount of the deduction is about ₽500,000 per car. The bank will also finance all additional expenses necessary to put the car on the line: wrapping, telematics, a set of winter tires, mats, OSAGO and other costs. “The taxi fleet business is a constant challenge: high risks of cash gaps and difficult operational management. We took into account the needs of the business and made our offer simple and profitable. After the cancellation of some bonus programs from large aggregators, it was important for us to support the business. Therefore, we have developed our own bonus system. Now the taxi fleet can receive up to ₽30,000 per month for each car purchased under the Modulbank financing program, upon reaching a certain number of hours of car operation in the dispatch center,” explains Svetlana Godlina, member of the board of Modulbank.
