With the new regulation published in the Official Gazette, installment periods for mobile phone and vehicle sales were rearranged.
featured in My Economy According to the news, “prepared by the Ministry of Commerce”Regulation Amending the Regulation on the Principles and Rules Applicable in Retail Trade” It was published in the Official Gazette. Accordingly, carried out by renewal centers and authorized dealers, The installment period for mobile phone sales, which are refurbished products and whose price exceeds 25 thousand liras, or which are not of this nature and whose price exceeds 20 thousand liras, is limited to 3 months. With the regulation, installment periods for vehicle sales were also redefined. In vehicle sales, installment periods according to invoice value are arranged as follows:
– Vehicles worth 400 thousand TL and below: Maximum 48 months.
– Vehicles between 400 thousand TL and 800 thousand TL: Maximum 36 months.
– Vehicles between 800 thousand TL and 1.2 million TL: Maximum 24 months.
– Vehicles between 1.2 million TL and 2 million TL: Maximum 12 months.
– Vehicles over 2 million TL: There will be no installment payment.