The rise in prices of used cars and the appreciation in the market for pre-owned cars have led people to look at brand new cars as an excellent option. However, paying for a vehicle in cash can be a difficult task for most people, which is why today we are going to show you everything you need to know about buying your car with cash. Caixa vehicle financing.
Financing opens the door for you to pay for the vehicle in installments over the years, diluting the interest rates so that the payments can fit in your budget. So, check it out now How Caixa vehicle financing works and what it takes to request yours.
Caixa Vehicle Financing: Auto Credit
THE CAIXA Auto Credit is a financing line created specifically for individuals to purchase new or used cars/motorcycles. It is possible to receive up to 80% of the vehicle's value in the form of financing, with pre-set interest rates starting at 1,49% per month and without any type of extra fee.
The maximum financing amount varies according to the year of manufacture and the customer's financial history. The maximum payment term is up to 60 months. However, it is possible to make partial amortization or pay off the outstanding balance in advance. In addition, CAIXA Auto Credit offers special conditions for cars that use the CAIXA Auto Insurance. To apply for a contract, you must pass the credit assessment.
Taxes, fees and warranty
- Collection of financed IOF (Tax on Financial Transactions);
- Interest rate according to the term and quota of the operation, year of manufacture of the vehicle and customer relationship;
- The guarantee will be the vehicle's fiduciary alienation.
Special conditions for financing popular vehicles
Caixa offers some special conditions for some customers and financing options for popular vehicles. The main ones include:
- Popular Zero Km Cars: Interest rate starting from 1.49% and payment term of up to 60 installments;
- Zero Km Hybrid or Electric Cars – New: Interest rate starting from 1.49% and term of up to 60 installments;
- Zero Km Electric Motorcycles – New: Interest rate starting from 1.59% and payment term of up to 48 installments;
How to obtain your financing
According to Caixa's official information, to apply for financing and get it approved, you need to follow a few steps. It's all very simple and anyone can apply; See:
1. Search for information about the product
For more information about Auto Credit, visit a CAIXA branch. There, you can also ask any questions you may have about financing before applying.
2. Submit the requested documentation
Check the necessary documentation and go to a Caixa branch with all of them in hand (preferably with a copy of each one) to proceed with the procedure and obtain your financing.
3. Make use of credit
After the request, CAIXA will evaluate the documentation you submitted. If everything is correct and the credit is approved, CAIXA will define the amount of financing you are entitled to and the payment method, including interest rates.
Request yours!
Now it's just go to a Caixa agency and request yours Auto Credit Caixa, just bring your documentation, define the vehicle you would like to finance and wait for the financing amount and payment methods. Good luck!
