Vehicle and fleet financing

What it is

Traditional financing (CDC, the standard Brazilian asset finance loan) to renew or expand the fleet, with the vehicle under a fiduciary lien as collateral and a negotiable down payment.

There is a lot to gain from comparing here: the dealership's rate is almost never the best rate available to the company.

When it makes sense

• The fleet needs renewing and working capital cannot be spent on it
• The dealership offered a single set of terms
• The company is going to grow and needs more vehicles on the road

How it works

• Defining the assetVehicle, price and down payment available.
• ComparisonI take the same deal to several institutions.
• ApprovalReview of the company (CNPJ) and credit approval.
• DeliveryContract signed and funds released to the dealership.

What you will need

• Quote or invoice for the vehicle
• Revenue for the last 12 months
• CNPJ registration certificate (Brazilian company tax ID) and articles of association

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.