Motorcycle financing with no down payment is one of the most frequently asked questions here on our Digital Seguro portal, especially during this period we are experiencing in relation to the new coronavirus.
The big question remains: is it possible to get easy motorcycle financing with no down payment, even during such a serious health crisis? Many will think no, and others will think yes. Given this scenario, which is clearly not easy for anyone, it's important to understand that financing is a process that requires some care, profile analysis, and many other aspects that will depend on the company (bank) you choose to finance.
As we can see from the general rules of financial institutions that handle vehicle transactions, no financing is automatic. All financing is the result of a thorough analysis process. Therefore, we can already tell you that there's no miracle of quick and easy financing. Don't fall for this. Read all the information below carefully so that your questions about financing can be resolved, or at least clarified.
Check out six important steps to avoid losing money.
The following steps are straightforward suggestions for what you should do to avoid losing money when applying for financing. These are tips for those who want to be able to complete this transaction transparently and without future headaches.
- How motorcycle financing works without a down payment.
- Check your CPF. …
- Research the banks where you can finance a motorcycle. …
- Simulate motorcycle financing values. …
- Save money for the down payment. …
- Separate the documents to finance the motorcycle.
- Document of identity. …
- CPF. …
- Proof of marital status. …
- Proof of address. …
- Joint certificate of debts related to federal taxes. …
- Income Tax Declaration. …
- FGTS extract. …
- Work Card.
What is the best motorcycle financing option with no down payment on the market?
To find out which financing option offers the best negotiation conditions, interest rates, and ease of approval, you will need to run simulations on different websites. We cannot randomly and irresponsibly name a specific bank here, as financing approval depends on the customer's specific profile, right?
For example, if we say that Banco do Brasil is the best vehicle financing option, that's not entirely true. If you've been a long-time Banco Bradesco customer, Bradesco is the best option for you, you know? Therefore, the best financing option with no down payment will always be one where you have contact with the bank you're already a customer of!
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