In this article, you will get up-to-date information on how to finance a car at Banco Santander. One of the largest banks in the world with many credit options for its millions of customers.
Millions of Brazilians have purchased a zero kilometer or even semi-new car every year. Financing is the most common means used by those who close a deal with financial institutions.
With so many options of agencies and establishments that work with credit releases, Banco Santander stands out among the best today, because it has special conditions for its customers.
How Car Financing Works
Vehicle financing is very simple to understand, because the customer looks for a vehicle agency or even a parking lot and makes his purchase proposal and also chooses the desired car.
If he is approved in his proposal, the Bank that released the credit pays the vehicle in cash to the selling agency or vehicle parking lot and thus the seller receives the negotiated amount in cash.
However, the buyer will pay the bank that subscribed to the vehicle on a monthly basis, which in this case is Santander. In addition, he pays a loan that includes fees and interest that are part of the deal.
The vehicle is alienated from Banco Santander until it is paid off. When the customer pays the last installment, the vehicle is automatically transferred to the name of the owner who bought and paid for the car.
Therefore, it is interesting to do a very detailed research before closing a vehicle financing deal. In that case, Banco Santander is a great option.
How to Carry Out a Vehicle Financing at Banco Santander
To finance a vehicle at Banco Santander, the following procedure is required;
1 – Go to the official website of Banco Santander and first do a very detailed simulation of the vehicle and plan you want: https://www.santander.com.br/hotsite/santanderfinanciamentos
2 – Request the desired vehicle with year and model from Banco Santander.
3 – Enter your personal data. They usually ask for the following:
- Full name.
- Date of birth.
- CPF (Register of Natural Persons.
- RG- General Registry.
- Contact Phone.
- Valid and updated E-mail or Gmail address.
- Proof of fixed and updated income for the last 3 months.
- Proof of fixed and updated residence.
- Do not have any type of restriction in your name with credit protection agencies.
In addition, Auto Finance at Banco Santander cannot commit more than 30% of your gross monthly income.
How to Get a Good Deal When Financing a Vehicle?
A great tip for those who want to finance a vehicle is to prepare in advance. It is worth remembering that it is not only the installments that are part of a financed vehicle.
The customer will also pay taxes that are part of the vehicle and they must be paid strictly on time so that it is always in good condition.
In addition, a vehicle requires very careful care so that it works well in your day to day life. In other words, we are talking about maintenance that must be done with discipline.
Therefore, it is interesting that those interested in financing a vehicle have a reserve to take care of the vehicle and always keep it ready for their day to day activities.
Therefore, we want all customers to be able to obtain good financing for vehicles at Banco Santander.