Vehicle financing is still a thing that gives a lot of headache, especially for those who have never bought a car or motorcycle, however, we are here to help with safe information.
Every Brazilian still dreams of having their own vehicle to carry out their personal activities and even for work, so they look for a vehicle financing that allows good payment conditions.
In this article, we have selected a series of information that will certainly help you who do not yet know which bank to choose to do your motorcycle financing or even your car financing or who knows property, once they present good solutions in installments with vehicles, will also offer interesting conditions for real estate financing.
The big question that is probably on your mind is: after all, how to finance at a time of coronavirus crisis? Is it safe, wouldn't companies be profiting from demand supply? We can say that yes, it is not easy, and at the same time: yes it is possible! Nothing is impossible!
Vehicle financing – best banks for you
Financing with Itaú
We know that one of the biggest advantages of financing a vehicle in Itaú is that the response to the credit application is much faster than most banks, even for future drivers who do not have an account at the institution. Another important advantage is that after approval, it is possible to view the entire process and issue tickets using only the internet.
Therefore, taking into account the information provided by the Central Bank, Itaú has the lowest interest rate among retail banks. 1.83% per month and 24.34% per year.
Santander Bank Financing
This one is another excellent option on the market! It is known that vehicle financing at Santander has something in common with that at Itaú – the agility in the response. However, it is only available to people who are account holders. Even so, the bank is one of the best in Brazil to finance a vehicle.
At Santander, the driver can choose whether to finance the total value of the vehicle, or just a part and make payments within 60 months. The interest rate offered by the institution is 1.92% per month, which in 12 months totals 25.69% per year.
Finally, Caixa Econômica Federal
Undoubtedly the best bank for these types of transactions. Recognized by all Brazilians as the people's bank, Caixa Econômica Federal offers relatively good financing rates for account holders and non-account holders. Currently, the financial institution charges rates of 2,04% per month, reaching 27,45% per year.
In addition, dear Digital reader, as soon as you pay off a vehicle, it will be possible to refinance with a discount of up to 70% from the value of the new car, taking out a new loan and giving your first financed vehicle as collateral.
To perform simulations or check documentation of the respective banks above, it is necessary to access the official website of the aforementioned banks
Source: Exame Magazine
