Car Loans – for consumers

Car loan enables consumers to obtain money to purchase a good or service such as courses and automobiles. To be able to take advantage of this modality you need to make a quick registration in the store where the good is purchased, presenting only personal documents such as ID, CPF and proof of residence.

In some cases, such as using the car loan to buy vehicles, for example, you need to have a guarantor or give some down payment, the credit values ​​are higher than the purchase of appliances, which are much more products. Cheap than a car.

If approved, the car loan is delivered directly to the store, which speeds up the purchase and lowers the interest rates of the operation. Car loan is the easiest way to buy a product without having to cash or pay by credit card. It is important to note that although the purchased product is passed to the name of the buyer, it is sold to the company until the good is fully paid.

Car loan is a type of loan that facilitates the purchase of various goods or services.

How to use car loan to buy a car?

How to use CDC to buy a car?

When buying a car from a dealership, it is possible to pass the good to the buyer’s name immediately, whether the purchase of new, used or used vehicles. In these cases, regarding the purchase of automobiles it is necessary to pay attention to some rules for granting credit, according to the state and date of manufacture of the vehicle.

Through the car loan, the consumer can make the full settlement or advance installments at any time after getting the credit. Clients usually perform these operations since the modality works with discounts on interest applied month by month in this type of loan.

This type of loan has lower interest rates than other types such as personal loans, for example. The repayment term ranges from six to 60 months, similar to those offered in payroll loans and auto refinancing.

Where to get Car loan?

Where to get Direct Consumer Credit?

The vast majority of banks and financiers in the country work with this type of credit and it is not difficult to get approved for the transaction. As we always advise, before taking any loan, thoroughly research the values ​​offered by the offering institutions, checking which is the most advantageous, having the best conditions for the operation.

To make it even easier to buy a car through car loan, it is recommended to have good money to input, this will decrease the interest, the payment term and the value of the installments. Ideally, in these cases, you have at least half the purchase price of the vehicle and have fixed work to make the rest of the value easier to pay. While not bureaucratic, like every loan, using the car loan can lead to unnecessary debt accumulation in your financial budget.