Did you know that the government discount for cars Can popular brands force the value of used cars to fall? Find out more.
Well, with the largest volume of used cars on the market, this competition may somehow favor the consumer according to experts.
We'll tell you more about this discount that the government gives to those who want to buy a popular car.
Therefore, it is a good opportunity to save some money when changing cars.
So, this initiative is valid for popular cars in good condition.
So if you are looking to trade in your old vehicle for a newer model, it could be a great opportunity to save some money.
You get the idea, right?
And the coolest thing is that, to get this discount, you just need to keep an eye on the requirements and follow the rules correctly.
After all, to guarantee this advantage, we have a whole rule to follow, right?
And look, don't be fooled, because these promotions are usually for a limited time.
So don't miss this chance!
Finally, the government is helping the population a lot with this initiative. discount for popular cars.
If you're looking to change your car, you'd better be smart so you don't miss out on this great opportunity.
It’s worth checking out the details and pursuing this benefit.
How does it work?
With this tax relief made by the federal government on “popular cars”, the market should benefit.
In this sense, for cars up to R$ 120 thousand, these discounts can vary from 1.6% to 11.6% (which represents cuts between R$ 2 and 8 thousand directly in the final value of the vehicle purchased).
In other words, it already provides a good help at the time of purchase.
Furthermore, the car manufacturers themselves are applying “extra discounts”.
With that, there are models that exceed R$ 10 thousand in discounts.
Thus, boosting sales further.
The list of 11 manufacturers and 32 car models was released on June 14.
See this list at InfoMoney.
In total, more than 233 car versions will have this discount of R$ 2 to R$ 8 thousand granted by the government.
According to experts, see the main factors that can make the used car market more accessible to consumers over time.
Increase in used inventory.
Even if the government benefit is only valid for new popular cars.
The used car market will also benefit from this movement, which should occur with the purchase of new models.
According to Ana Renata Navas, general director of Cox Automotive of Brazil and owner of KBB.
The used car is always given in exchange for the purchase of a newer car.
In this sense, there is a large increase in the used inventory.
So the more used cars available, the more sales for the consumer.
The national federation of used vehicles estimates that sales in 2023 will reach 15.5 million.
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Competition between new and used.
Another thing that can favor the consumer is this old competition between new and used.
With the removal of this tax on new vehicles, retailers will want to attract more customers by offering more discount options on used vehicles.