It's inevitable! There comes a time in life when you think, “I need to buy a car”. Check out 4 tips for making a good one vehicle financing.
The CDC (Consumer Direct Credit) remains the most used option by those who want to purchase a vehicle. According to the Central Bank, Brazilians took R$ 8.48 billion in credit to buy cars in April 2018.
Financing is a term purchase modality offered by banks and financial institutions for those who cannot purchase the vehicle in cash or prefer to leave the money invested.
Through the CDC, the consumer takes out a loan from a bank to buy the car. The vehicle remains in the buyer's possession, but cannot be traded, as it is sold to the bank, until all installments are paid. Contact can be made directly with the bank, without interference from the concessionaire.
That way, you can negotiate the interest rates that will be paid. They are fixed at the beginning of the contract and do not change during the payment of installments.
Financing goes up in the form: Leasing
In this type, the car does not belong to the consumer, but to a company that rents the vehicle. The rental fee is the installment of the car, after the end of the installments, the vehicle passes to the name of the consumer.
This enables direct negotiation regarding interest rates, which are fixed at the beginning of the contract and do not change over the payment period.
See the facilities that the consortium has
The consortium is an option for those who are in no hurry. The customer pays the installments and only buys the car when it is drawn. In this situation, unlike the CDC and leasing, the installments change during the payment, according to the variation in the price of the car that will be purchased.
It is necessary to keep in mind what your payment power of a portion🇧🇷 So, from there, it's a lot of research: looking for prices, conditions both in stores and also in banks and not closing a deal in the first place.
It is necessary to pay attention to the CET
Experts say that consumers should pay attention to the Total Effective Cost (CET) of financing, which shows the fees included, in addition to interest, Tax on Financial Operations (IOF), registration fee and insurance.
The survey carried out by Proteste Associação de Consumidores found significant variations for the same car model.
Use tools available on the internet that can help you compare financing and do a lot of research on the CET. The smaller, the more accountable the amount you will pay for the car will be.
Car financing, on entry.
Know that when choosing a financing, make a good reservation capable of guaranteeing the highest possible entry. The higher it is, the better the chances of negotiating discounts and facilities on installments.
By taking on a financing, analyze all expenses with the new acquisition. That's because there are other costs involved in maintaining a car.
Financing considerations. Tax on Motor Vehicles (IPVA), insurance, fuel and any repairs such as the revisions provided for in the car's manual and which are mandatory for the validity of the warranty.
For more information about financing car click here or leave your comment.
