Motorcycle financing without down payment 31-03-2020

Finding motorcycle financing with no down payment these days might be a difficult task, right? But today we have gathered a series of information that can help you in your search.

We all agree that motorcycles in Brazil are a widely used and extremely useful means of transportation. Due to their practicality, economy and great versatility, both in cities and rural areas. And one of the options that consumers have is to apply for financing  to buy motorcycles and pay in installments.

And the big difference with private banking is that you can apply for financing and consider the various options available on the market, from payment terms, installment amounts, and interest rates.

Maybe you're tired of being late for work because of traffic and have decided to buy a motorcycle, but don't have the money for a down payment.

But will it be possible to get one? motorcycle financing without down payment? We have prepared a special article to answer all your questions on this topic.

Firstly, the answer is it depends, some dealerships, at specific times of the year, if inflation rises or if the economy is bad, use this attraction of granting financing without a down payment to their customers.

And we are talking about this clearly when it comes to using the down payment or not, for your financing to be approved you need to have a “clean” credit history and go through the credit analysis that releases the financing and analyzes whether you are able to pay the installments for your purchase.

How do I request a motorcycle financing simulation?

Let's go, for you to be able to materialize your dream of financing your motorcycle without a down payment, the first step is to choose a finance company, reseller or dealership and request a financing simulation.

In Brazil, normally, during the simulation the seller will explain all the purchase options, including down payment, interest rates and number of installments, so it is easier to see if this decision fits within your budget.

But be careful: one important thing you should keep in mind is the model of motorcycle you want, so you can arrive more prepared to argue and be able to request a financing without deposit.

Financing with your bank is a good option

The first tip is: if you have been a customer of a bank for a long time, whatever it may be, know that it is always possible to request financing options, generally older customers, and with their transactions up to date they can get many advantages with their manager.

Let's take a classic example: Banco do Brasil offers up to 59 days to start paying, and you can do your simulation on the bank itself. official bank website, you can choose the date for the installment to be deducted from your account, and you get rid of payment slips, as everything is directly at your branch.

Other motorcycle financing options

Itaú motorcycle financing

Without a doubt, Itaú is an excellent bank for you to get financing. Regardless of which way of financing the purchase of your motorcycle you have chosen, know that the simplest way to apply for the loan is going to a bank branch and studying the credit options available.

What is the main requirement?

For this to be possible, you must be over 18 years old and provide some personal documents, such as ID, CPF, proof of address and income. It is also important to speak to the manager about the deadlines, installments and fees.

Financing Rate at Itaú

As we mentioned earlier, each type of credit has its own characteristics, fines and monthly fees. Itaú has a table that shows all the fees for the various products. And it shows that in the case of vehicle financing, it can be up to 2.9% per month.

Is it worth forming a consortium to finance?

Maybe, if your urgency is not immediate. For those who want to buy a motorcycle in the next few months and do not need to do so now, know that there is an interest-free option, which is called a consortium for the purchase of vehicles.

You can also apply for financing through a consortium, but understand that in this case you cannot be in a hurry, as the terms are longer (generally 48 months) and the credit is made available at the end of the period.

Still have questions about motorcycle financing?

If you still have questions about motorcycle financing without a down payment, you can go to one of our branches or call the call center at 0800 726 0101 to check if your company or organization is a partner.

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