Vehicle financing

What it is

Traditional financing (CDC), with the vehicle pledged until the last instalment. A down payment lowers the instalment and improves the approved rate.

The dealership's rate is almost never the best rate available to you. It is always worth comparing before you sign.

When it makes sense

• The dealership offered a single set of terms
• You want to know the real instalment before you close on the car
• You have a down payment available to improve the rate

How it works

• DefinitionVehicle, price and down payment.
• ComparisonThe same deal at several institutions.
• ApprovalCredit analysis and approval.
• DeliveryContract signed and payment to the dealership.

What you will need

• Offer or invoice for the vehicle
• Photo ID, CPF (Brazilian individual tax ID) and proof of income
• Proof of address

The list can change with the institution and the size of the deal. I confirm what is actually required before you gather a single document.