Caixa Econômica has one of the lowest interest rates on the market, with this appeal many people do cash car finance.
However, the bank is also known for having unsatisfactory customer service, so if you opt for the best rates, you will have to face customer service. But as times are of crisis, it is better to opt for lower interest rates and prepare patience to face bureaucracy.
Among the advantages of making a Caixa financing, is the possibility of financing up to 90% of the value of the vehicle, which facilitates the acquisition.
How to apply for your car finance at Caixa
First, you must separate some documents, such as RG, CPF in good standing with the Federal Revenue Service, proof of income and residence, vehicle invoice or single transfer document (DUT), AND Detran FORM that proves that there are no vehicle debts that is being purchased.
Caixa will evaluate your documentation and start a registration, if approved, you will be called to negotiate the financing amount and payment terms.
You don't need to have an account at Caixa Econômica to apply for financing, but clients with a good track record get better conditions. To get an idea of how your financing will be, you can do a simulation on bank website.
What to think about before taking out a loan
An important tip when you decide to finance a car is that you shouldn't commit more than 25% of your household income to this investment.
You must also remember that the cost will not only be the installment, you will have expenses with fuel, maintenance, tires, IPVA, insurance, among others, so you must put everything on the tip of the pencil so as not to have surprises later.
Once you've studied all these possibilities and seen that it's within your budget, it's time to take advantage and enjoy your new asset!
