Maternity capital will be allowed to spend on buying a car

The state Duma intends to pass a bill that provides the possibility of sending funds of the parent capital for the purchase of a new car.

The funds of the parent capital in accordance with the statement of use can be directed to the purchase of a car by means of transfer of these funds to the organizations engaged in selling cars, or the credit institution that provided under the credit agreement funds for these purposes.

This can be done under the following conditions:

1) a vehicle must be made on the territory of the Russian Federation;

2) a vehicle has not previously been registered in accordance with the legislation of the Russian Federation.

Purchased with funds of the parent capital car is issued at the discretion of the parents in their common property or the property of one of them.

 

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