Do you know what the advantages of Bradesco vehicle financing? Currently, with the economic crisis, we have serious problems in saving up the full value of the car we want to buy.
Therefore, there is a good opportunity to solve this problem, through Bradesco vehicle financing.
Financing, as we well know, is a type of credit that is granted to help the customer purchase their car.
Therefore, it is very important that we keep in mind exactly what the benefits and disadvantages of applying for financing are. This way, there are no doubts left at the time of application.
What is Bradesco vehicle financing?
In reality the Bradesco vehicle financing In fact, it is the same thing as other types of financing that exist: it is a credit that actually helps you buy or even exchange your vehicle.
By requesting financing, you have the chance to negotiate directly with the seller and then be able to get some discounts. This is possible precisely because by requesting financing, the payment to the dealership and/or store is paid in full upfront.
Obviously, we must remember that the bank ends up making the payment to the store or dealership in cash. However, the payments of installments and installments will be agreed between the bank and the applicant.
Typically, financing is always carried out by banks, regardless of whether they are public or private. Generally, one of the most common ways to actually release financing is through the CDC.
What are the benefits of applying for Bradesco vehicle financing?
Here we will talk a little more about the advantages of requesting the Bradesco vehicle financing.
It is important for you to know that one of the great advantages offered by Banco Bradesco is the fact that the value of the IOF – Tax on Financial Operations ends up being fully diluted within the installments of your financing.
Which in reality ends up being one less burden when it comes to calculating the CET.
Furthermore, one of the other great advantages is the fact that the bank allows you 15 to 62 days to make the first payment of your first installment of the financing.
Also remembering that the rates currently charged by this institution are 1.97% per month and finally 26.40% per year.
Bradesco bank is one of the best when it comes to interest rates, among its main competitors Bradesco bank really has the lowest interest rate on the market.
A good comparison would be between Bradesco Bank and other financial institutions. An example would be buying a car that costs R$25,000, and the financing would be for 36 months or 3 years.
Let's say you pay R$5,000 as a down payment, then at the end of your financing the amount paid extra will be R$2,347.92 more. This is just a simulation so that you clearly understand how to compare between banks and don't get lost when applying for financing.
Who can apply for Bradesco vehicle financing?
In fact, the Bradesco vehicle financing It is suitable for both individuals and legal entities.
So when applying, it is important to take the following documents to the bank, namely:
- ID of the holder
- CPF
- Proof of residence
- Proof of income.
For legal entities specifically, it is important that the person responsible has access to their data, the CNPJ and to finalize the company's articles of association.
What are the Bradesco vehicle financing lines that exist?
Before applying for financing, we must understand that there are some lines of vehicle financing that it is good to understand a little more before applying, among them we have CDC and Leasing.
CDC
The first option here is the most common: CDC. This is actually one of the credit operations that is most often requested by customers in Bradesco vehicle financing.
It is important to remember that this vehicle can be either new or used, it depends on your choice. So that you understand the guarantee of this operation is actually given by the fiduciary alienation of your vehicle with Banco Bradesco.
Therefore, this clearly means that the vehicle remains in the possession of the applicant. However, what happens is that the car remains alienated to the bank until the final payment of the installments or the complete completion of the loan.
In this way, the customer cannot sell the car until the full amount of the requested financing has been paid off. Furthermore, the vehicle may remain in the possession of the bank if the customer delays the payment of the financing.
Leasing
Here it is important for you to know that leasing is actually well known for the fact that it is a commercial lease. And in reality, Banco Bradesco is actually the lessee.
What happens then is that this bank ends up acquiring the vehicle and is then still able to make it available to its customer, especially during the term of the contract, in the form of a rental.
Here it is important to understand that during this period the vehicle still belongs to the bank, and that it ends up being “rented” precisely to the person who requested this financing.
Conclusion
Along the post you can get relevant information about the Bradesco vehicle financing, so what do you think about realizing the dream of having your own car? The first step is to access the official website to obtain more information and carry out an online financing simulation.
After that, go to a bank branch to clarify your doubts or even start the financing application process. In any case, know that this institution is the one that offers the best conditions for you to have your car.
To make a financing simulation, use our calculator and find out more in this post!