THE financing It can be a good opportunity for those who need to buy a car or motorcycle urgently. In addition, it is a chance to have a vehicle at more affordable prices and to have a means of transportation to work, for example.
With that in mind, today we're going to talk about how it works. motorcycle financing and how to request and leave with the keys to your dream motorcycle, whether new or used.
First of all, do you know what financing is for?
THE financing, whether it is a car or a motorcycle, is used so that the customer can acquire a good. There are other types of financing, but in this article we will talk specifically about motorcycle financing.
THE motorcycle financing, is nothing more than a way to get a motorcycle at a more affordable price and does not require you to wait a long time to save money and buy the vehicle. This is because with financing, it is possible to give a down payment or finance the total amount.
Generally, in the motorcycle financing the option that is made available to the customer is the Direct Consumer Credit (CDC), in which the bank or financial company releases an amount so that the customer can buy his motorcycle at a high value and then he must pay the installments of this financing.
How to finance a motorcycle?
First of all, you need to choose which company you want to do the work with. motorcycle financing. For example, companies like Santander Bank, offers financing options of 100% of the value of the motorcycle and installments of up to 60 months.
The customer will then undergo a credit analysis, in which the company assesses whether the customer is likely to default or whether they will be able to pay the loan, and they will also need to prove their income.
Therefore, it is important to gather all documentation such as CPF, RG, proof of income and residence before starting to make a motorcycle financing.
Furthermore, before taking out a loan, you need to be aware of the interest rates charged by companies. In the case of Santander, the rates are 1.24% per month.
When you find the ideal company to do your motorcycle financing, so you need to prepare and organize your budget to pay all the installments correctly.
Is motorcycle financing worth it?
As we mentioned earlier, the motorcycle financing It is an alternative for those who need a means of transportation, whether for work or other needs. For this reason, it is the most recommended for those who need a motorcycle and do not have the money to pay in cash.
However, taking out a loan can be a little more expensive than, for example, paying a deposit, because the installments can be higher and the interest rates too.
Therefore, it is worth remembering that when making a motorcycle financing, check whether that amount will not harm your budget and look for the best financing options.