Iran to Roll Out a 400 Million Toman Loan for Replacing Worn-Out Cars Next Week; Gap to the Cheapest New Car Still Tops 500 Million Tomans (Friday, 23 Mordad 1405)

Do you own a worn out car? Let's see how much you'll still need to pay out of pocket Iran's deputy industry minister said Friday the new car replacement loan starts next week The loan ceiling is four hundred million tomans, at about eight percent interest over three years This is not new; scrappage certificates were priced at sixty million tomans months ago Add the loan and the certificates together, and state help reaches about five hundred eighty million tomans Applicants no longer need a lottery or a waiting list; they go straight to an automaker The government's main reason is high fuel use and air pollution from worn out cars Worn out cars are already barred from driving in Iran's biggest cities But that state help still covers less than half the price of the cheapest new car on the market These rules are not just for private cars; ride hailing and public fleets are covered too The minister said wartime or not, the government is still obligated to enforce the law Next week will be the plan's first real test Watch for the final guidelines and how Pride and Saina prices react Even with every incentive, buyers still owe at least five hundred seventy million tomans Full story on Sahmino dot com; is this help enough, or is the gap still too wide