In this article, you will learn how to finance a vehicle with BV Financeira, the famous Banco Votorantim, recognized throughout Brazil for providing financing in general.
As we all know, the vehicle market has been one of the hottest in Brazil for some years now. So much so that millions of people are buying a car through the credit options that are part of the market.
However, there are some companies that stand out precisely because they work with special conditions, always thinking about making credit easier for customers in every way.
Banco Votorantim, better known as BV Financeira, is among the agencies that most grant credit to anyone wishing to finance vehicles. Therefore, the website Decorama will show in this brief text how to finance a Vehicle Financing BV Financeira, check out our tips here.
Who can take out a Vehicle Financing BV Financeira
As with any other type of credit and financing, BV Financeira has certain requirements that customers who wish to finance a vehicle must complete in detail, for example:
- Be over 18 years of age.
- Prove a fixed and monthly income. It is worth remembering that BV Financeira Vehicle Financing installments cannot commit more than 30% of your monthly income.
- Prove fixed and updated residence.
- Phone for contact.
- Valid Email or Gmail address.
- Not having any type of restriction on your behalf with the credit protection bodies SPC and SERASA.
On the official website of BV it is possible to simulate a Vehicle Financing and find out in detail about how a credit with fees and interest works: https://www.bv.com.br.
BV Financeira Vehicle Financing Fees and Interest
Currently, Banco Votorantim has one of the best interest rates on the market when it comes to vehicle financing, check out:
- Vehicle with Fipe list price at: R$ 40,000.00.
- With a payment period of: 60 months.
- Monthly interest rate: 1%.
- With monthly installments value: R$ 1.012, 58 reais
- Total Financing: R$ 60,754.80 reais
- Total amount of interest on a BV Financeira vehicle loan: R$ 20,754.80 reais.
However, it is worth remembering that the amounts and fees may be different according to the down payment amount or payment term.
Which BV Financeira Vehicle Financing Plans
There are some plans that allow Vehicle Financing. However, you need to understand how each of them works in detail:
1 – CDC: Direct Consumer Credit: In this plan, the vehicle is documented in the name of the customer, however, it is sold to the institution that released the credit, which in this case is Banco Votorantim. When the customer pays off the vehicle, the asset is definitely transferred to the owner's name.
2 - Leasing Plan Financing: Much like renting, this is because the vehicle's documentation is fully in the name of the institution and the customer pays monthly installments while using the vehicle on a daily basis. In Leasing, the vehicle is transferred to the owner's name when he pays off the car.
Vehicle Financing Balloon Effect: For many customers, this is the best car finance plan. The customer makes a down payment and pays in installments according to his financial conditions.
However, the plan is called Balão because at the end of the payment there is a single installment that can vary between 15 and 50% of the total value of the financed car.
With this information, it is possible to finance a vehicle with BV Financeira and thus have a new or semi-new car in your hands. Good luck!!