THE buy a car, it is certainly an achievement, however, it is not always possible to make this dream come true, because because it is a great investment, because you need to pay a large amount of money right away, ends up restricting a large part of the Brazilian population. Therefore financing it's an alternative.
For this part of the population, which does not have a financial reserve, the no down financing, ends up becoming the best solution.
It is important that the consumer and aspiring to finance a car with no down payment, have good financial control.
With that in mind, today we bring you information about no down payment car finance of Bank of Brazil.
About Banco do Brasil
O Bank of Brazil, is institution financial, founded in Brazil in 1808, by João Vl de Portugal, in Rio de Janeiro. Constituted in the model of mixed economy company, with majority participation of the Federal Government.
O Bank of Brazil has thousands of agencies, spread throughout the country, acting on several fronts, such as sport, culture, sustainability, ethics and integrity, education, among others, one of these fronts is the vehicle financing, thus enabling the client to perform the dream of conquering your car.
Financing for cars without BB entry
O Bank of Brazil, or BB as it is also well known in our country, offers the option of finance a car with no down payment.
For apply for funding, it is very simple, just access the website of Bank of Brazil, and do a simulation, due to social isolation measures, the entire procedure can be done online, by itself mobile app.
With the funding of Bank of Brazil you may finance up to 100% of vehicle value, pay in up to 60 months, 1st installment can be paid in up to 180 days, being able to choose up to 2 months per year, so the installments are not debited.
The amount paid is directly with the car seller, and if you already have one financing with the Bank of Brazil, you can redo the car financing along with the balance of the other debt.
Advantages of financing a car without a down payment
the main of finance a car with no down payment, is not having to pay 20% of the value of the car right away, financing the car without a down payment, you can have the car keys faster.
Interest rate
THE interest rate for finance in Bank of Brazil cars, is variable according to the profile of each client, however, this rate starts in 1.64% per month.
It is worth mentioning that the financing will undergo an analysis before, therefore, not necessarily, the client will be approved.
Is down payment worth it?
This modality of financing, it is worth yes, you will need, however, to have a good financial control, so you can pay the installments correctly.
Financing a car without entry is a recommended option, for the customer who needs the car immediately, but does not have savings saved, to invest in the vehicle purchase.
So, run a simulation, and see if the best options for finance without entry.
