Vehicle financing is still something that causes a lot of headaches, especially for those who have never bought a car or motorcycle, however, we are here to help with reliable information.
Every Brazilian still dreams of having their own vehicle to carry out their personal activities and even for work, which is why they look for vehicle financing that allows good payment conditions.
In this article, we have selected a series of information that will certainly be of help to you who do not yet know which bank to choose to finance your motorcycle or even your car financing or perhaps your property, as these present Good solutions for vehicle installments will also offer interesting conditions for property financing.
The big question that's probably on your mind is: after all, how can you get financing at a time of coronavirus crisis? Is it safe, wouldn't companies be profiting by supply and demand? We can say 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 credit applications is much faster than most banks, even for future drivers who do not have an account with the institution. Another important advantage is that after approval, it is possible to view the entire process and issue invoices using just 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.
Financing from Banco Santander
This here is another excellent option on the market! It is known that vehicle financing at Santander has something in common with Itaú – agility in response. However, it is only available to people who have an account. Even so, the bank is one of the best in Brazil for financing a vehicle.
At Santander, the driver can choose whether to finance the full value of the vehicle, or just a part and make payments over a period of up to 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
Without a doubt, 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, which reach 27.45% per year.
Furthermore, dear Digital reader, as soon as you pay off a vehicle, it will be possible to take out new financing with a reduction of up to 70% on the value of the new car, taking out a new loan and giving your first financed vehicle as collateral.
To carry out simulations or check documentation from the respective banks above, it is necessary to access the official website of the banks mentioned
Source: Exame magazine
