Do you know what the advantages of Bradesco vehicle financing? Currently, with the economic crisis, we have serious problems in collecting the full value of the car we want to buy.
Therefore, there is a good opportunity to solve this problem, through vehicle financing from Bradesco.
Financing, as we well know, is a type of credit that is granted to help the customer purchase their car.
Therefore, it is very important that we keep in mind exactly what the benefits and disadvantages of requesting financing are. So that there are no doubts left at the time of the request.
What is Bradesco vehicle financing?
In reality the Bradesco vehicle financing In fact, it's the same thing as other types of financing that exist: it's a credit that actually allows you to buy or even exchange your vehicle.
By requesting financing you have the chance to negotiate directly with the seller and then be able to get some discounts. This is possible precisely because when requesting financing, payment to the dealership and/or store is paid in full up front.
Obviously, we must remember that the bank ends up making the payment to the store or dealership in cash. However, payments of installments and installments will be agreed between the bank and the applicant.
Normally, financing is always carried out by banks regardless of whether they are public or private. Generally, one of the most common ways to actually release your financing is through the CDC.
What are the benefits of applying for Bradesco vehicle financing?
Here we will talk a little more about the advantages of requesting the Bradesco vehicle financing.
It is important that you know that one of the great advantages offered by Bradesco bank is the fact that the value of the IOF – Financial Operation Tax ends up being completely diluted within the installments of your financing.
Which in reality ends up being one less weight when it is necessary to calculate the CET.
Furthermore, one of the other great advantages is the fact that the bank allows 15 to 62 days for you to be able to make the first payment of your first installment of the financing.
Remembering that the rates currently charged by this institution are 1.97% per month and finally 26.40% per year.
Bradesco bank is one of the best in terms of interest rates, among its main competitors, Bradesco bank actually has the lowest interest rate on the market.
A good comparison would be between Bradesco bank and other financial institutions. An example would be purchasing a car that costs R$ 25 thousand, and the financing would be for 36 months or 3 years.
Let's say you have R$ 5 thousand as a down payment, then at the end of your financing the amount paid in excess will be R$ 2,347.92 more. This is just a simulation so that you clearly understand how to compare banks and don't get lost when requesting financing.
Who can apply for Bradesco vehicle financing?
In fact, the Bradesco vehicle financing It is suitable for both individuals and legal entities.
So when applying, it is important to bring the following documents to the bank, namely:
- holder's ID
- CPF
- Proof of address
- Proof of income.
For legal entities specifically, it is important that the person responsible can have their data, CNPJ and to finalize the company's social contract at hand.
What Bradesco vehicle financing lines exist?
Before requesting financing, we must understand that there are some vehicle financing lines that it is good to understand a little more before requesting, including CDC and Leasing.
CDC
The first option here is the most common: the CDC. This is actually one of the credit operations that tend to be most requested by customers in the Bradesco vehicle financing.
It is important to remember that this vehicle can be either new or used, it depends on your choice. So that you understand, the guarantee of this operation is actually provided by the fiduciary sale of your vehicle with Banco Bradesco.
Therefore, this clearly means that the vehicle remains in the applicant's possession. However, what happens is that this car is sold to the bank until the final payment of the installments or complete completion.
This way, the customer cannot sell the car until they have paid off the full amount of the financing requested. Furthermore, the vehicle may remain in the bank's possession if the customer is late in paying the financing.
Leasing
Here it is important that you know that leasing is really well known because it is a commercial lease. And in reality, Banco Bradesco is actually the lessee.
What happens then is that this bank ends up purchasing the vehicle and is then still able to make it available to its customer, mainly during the term of its contract, in the form of a rental.
Here it is important to understand that even during this period this vehicle belongs to the bank, and that it then ends up being “rented” precisely to the person who requested this financing.
Conclusion
along the post you can get relevant information about the Bradesco vehicle financing, so what do you think about making your dream of having your own car come true? The first step is to access the official site for more information and carry out an online financing simulation.
After that, go to a bank branch to clarify your doubts or even begin the financing request procedures. In any case, know that this institution is the one that offers the best conditions for you to have your car.
To make a financing simulation, use our calculator and find out more in this post!
