O Santander vehicle financing is the ideal financing for those who want to fulfill their dream of having a new vehicle. You can buy or exchange your car or motorcycle with custom plots that fit right in your pocket.
Your car can be financed in up to 60 months or motorcycle in up to 36 months. The financing can be up to 100% of the vehicle value and you still have 59 days to pay the first installment. There are many advantages, right? Want to know more about Santander financing? Check out:
How does Santander Vehicle Financing work?
The first step towards resorting to Santander vehicle financing is to choose the car or motorcycle, whether new or used. After that, just enter the bank credit to acquire it.
It is possible to finance the car with up to 10 years of manufacture and the motorcycle with up to 5 years. There are many advantages, such as, for example, you can negotiate the value of the vehicle in cash and finance with Santander.
As? You can negotiate the final value of the vehicle and the value is deposited in cash directly to the seller. The installments are fixed, with automatic debit to the current account on the date you want.
In addition, there is much more peace of mind and guarantee with the Award-Winning Protection Insurance. With the optional coverage, you can guarantee the payment of the outstanding balance of your vehicle financing, in the event of death or total disability due to an accident.
Those who receive their salary directly with Santander have other advantages, such as:
- 90 days to start paying off the financing
- 10% rate reduction
- Coverage of any competitive offer.
What are the hiring conditions?
Santander's recommendation is to have conscientious credit, using credit properly. Before contracting any investment and financing, it is important to verify that the operation is within your current financial needs.
In the financing, there is the incidence of interest and IOF (Tax on Financial Operations) and there is no collection of fees. There is also the Total Effective Cost (CET), which may vary depending on the contracted conditions.
In order to verify the Total Effective Cost and the annual interest rate of the financing, it is important to call the call center or speak directly with your manager.
How to use the simulator?
O Santander vehicle financing has an online simulator for you to discover more information about what it will be like when you hire the service. When opening the official website of Santander it is possible to find the form to be filled out. The form starts with two options for Cars or Motorcycles.
In the option of cars, the first question is in relation to who you will buy the car from, being able to choose between private or store/dealership. THE
o If you select the Private option, you must select the car make, model, model year and fuel. Finally, the value of the vehicle is placed. When selecting the store/dealership option, you get the same options, but first you have to indicate the name of the store.
In the case of motorcycles, you start by entering the name of the store where you want to buy the motorcycle, after that you select the motorcycle brand, model, model year/fuel and the value of the vehicle.
Remembering that to simulate your vehicle financing, those who are already a bank customer can use internet banking or the call center, as well as go to the branch and talk to the manager to negotiate the credit.
It is also possible to obtain this information from people who are interested in financing but are not customers. These can resort to the use of the online simulation mentioned above.
Santander vehicle financing
Anyone who wants to change their car will find the Santander vehicle financing a good choice to get yours. With this financing it is possible to buy a car with many options, which can be a 0 km in sight at the dealership and then define the conditions of payment directly with the bank.
Everything varies according to the customer's needs, and can be extended up to 60 months, with the first installment to be paid within 59 days of signing the contract.
The total acquisition value can be up to 100% of the car price, and can be negotiated. The installments are fixed, so whoever asks for the financing already knows how much they will have to pay each month.
Santander's lines of financing
There are 3 options for Santander vehicle financing, they are as follows:
FinAuto
FinAuto is suitable for buying and selling between individuals. The Bank's website informs that the transaction is analyzed in one day, with the car being able to be paid in up to 60 installments and in the case of sale, the amount is paid in cash.
Direct Consumer Credit (CDC)
The CDC also allows the purchase of automobiles, motorcycles, boats and accessories. The term is up to 72 months to finance a new vehicle and payment can be made through a booklet or automatic debit.
leasing
There is also the leasing that the bank offers without charging IOF or registration fee, where the financed vehicle remains in Santander's name until the debt is paid off.
At the end of the contract, the customer can buy by choosing a value established through negotiation. Cars purchased and traded under leasing can be paid for in up to 60 months in fixed installments.
All banks offer other amounts that must be paid when buying a vehicle. O Santander vehicle financing offers a simulation that shows interest rates, taxes and fees, known as Total Effective Cost (CET).
So you can compare the conditions and choose the best option for your pocket.
Those who already have an account with Santander can have greater advantages, such as automatic debit in a current account, in addition to a longer term to pay the first installment.
They have better conditions to finance the vehicle and to take out the insurance option offered by Santander. Check out the simulator on the official website.
