Buying a car can be the dream or necessity of many Brazilians, it is at this moment that it is necessary to look for a way to buy a vehicle for more accessible values and to acquire it as quickly as possible.
In addition, another expense that many find when buying a car is that many companies ask for an amount as a down payment. But did you know that there are some types of financing where you can get entry-free?
With that in mind, today we are going to explain about 3 ways to buy a car with no down payment that are better known in the market, but few know that it is possible to search and find good financing proposals.
3 ways to buy a car with no down payment
1. Leasing
At the leasing a financial company can buy an asset, such as a car, and the customer must commit to repaying the loan. Then, only when all debts are settled, can this car pass to the customer's name.
However, if this financing is not paid correctly, the company may ask for the car back and also this type of financing rates are usually a little more expensive, mainly because they do not need a value as a down payment.
2. Consortium
O Consortium it's a good way to get a car faster, so it's the most recommended for those who want to buy a vehicle urgently. Also, you don't need to give any value as input.
However, in one consortium the client participates in a group of clients that is raffled by a management company and every month raffles take place. Within this group, it is possible that one of these people may be drawn and win a car before they even finish paying the consortium.
However, there are those that may take a little longer to be contemplated. But one of the advantages is that the consortium has more affordable installments, the customer just needs to choose a price range they would like to pay and pay off the installments, without having to worry about interest.
Therefore, the consortium it may be advantageous for some customers, but not for others if your name takes a long time to be drawn. On the other hand, it is a great option for those who want to buy a car without being in such a hurry and for those who would like to conquer their first vehicle.
3. Financing
Financing, especially those offered by banks and financial companies, can have several installments to be paid and in some companies it is not necessary to pay a down payment.
However, this practice is usually more expensive than the other previous types, because although the customer does not need to have a sum of money to close the deal. It must be remembered that interest rates on financing can be more expensive, especially those that do not charge a down payment.
For this reason, if you choose to no down payment car finance, it must be remembered that it is necessary to verify that this cannot harm your budget and that it will be possible to pay the installments normally.
