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The Official Guide to Vehicle Financing — with Tips from Major Financial Institutions
Car financing in Brazil is one of the most sought-after alternatives for those who want to fulfill the dream of owning a car without having to pay a fortune upfront. With car prices soaring, this option has become essential to make the purchase feasible.
But with so many options on the market, the big question is: what’s the best way to finance a car with security, convenience, and low interest?
In this complete guide, you’ll discover how the financing process works in Brazil, the types available, the best financial institutions and fintechs to help you buy smart, and the top models worth financing in 2025.
If you’re ready to leave public transport behind and gain independence on four wheels, keep reading. This article will show you the way — clearly and without surprises.
How Does Car Financing Work in Brazil?
Financing is a credit line offered by financial institutions to those who want to purchase a vehicle — new or used — without having to pay the full amount upfront.
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Here’s how it works: the bank lends the amount needed to buy the car, and the client agrees to repay it in monthly installments, including interest, over a period that can extend up to 60 months.
During this time, the car remains collateralized by the institution. That is, the buyer only becomes the legal owner after the total debt is paid off.
This model is ideal for those who need a vehicle immediately but don’t have the capital to buy it outright. And with so many offers available, it’s possible to find low-interest car financing with a bit of research and planning.
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Types of Financing Available
Antes de escolher o melhor caminho, é essencial conhecer as modalidades de crédito mais utilizadas no Brasil:
Before choosing the best path, it’s essential to know the most common types of credit in Brazil:
1. Direct Consumer Credit (CDC)
This is the most popular form of car financing. The bank provides credit directly to the customer, who chooses the desired vehicle and pays in fixed installments.
The vehicle serves as collateral until the contract ends. This model offers agility and flexibility, and it’s possible to negotiate rates and terms directly with the bank or lender.
2. Leasing
Leasing works like a rental with an option to buy. The institution acquires the vehicle and allows the customer to use it in exchange for monthly payments.
At the end of the contract, the customer can purchase the vehicle for a residual value. Leasing usually involves less paperwork but isn’t ideal for those who want immediate ownership.
3. Vehicle Consortium
A consortium isn’t technically financing, but a planned purchase. The participant pays monthly installments and competes for a credit letter via lottery or bid.
It’s a great alternative for those who can wait, as selection may take time. The advantage? There’s no interest, only administrative fees.
If you’re wondering if a car consortium is worth it, the answer depends on your profile: if you’re not in a hurry and want to avoid interest, it’s worth considering.
4. Fintechs and Digital Platforms
With the rise of fintechs, more practical and accessible options emerged for those looking for digital car financing. Companies like Creditas, Empréstimo Sim, and Zippi offer differentiated conditions, less bureaucracy, and more flexible credit analysis.
Plus, the entire process is 100% online — from simulation to contract signing — all from the comfort of home.
The Best Institutions to Finance a Car
Let’s get to what matters: what are the best banks and financial companies to finance a car in 2025?
1. Banco do Brasil
The Banco do Brasil car financing simulator is one of the most used in the country, offering credit for new and used cars (up to 10 years old). Rates start from 1.98% per month, with terms up to 60 months.
The advantage is transparency and the ability to adjust installments to your financial reality.
2. Bradesco
Bradesco offers credit for light and heavy vehicles, new and used, and may finance up to 100% of the value. If you’re already a customer, you can get low-interest car financing and quicker approval.
3. Itaú
A leader in the auto segment, Itaú partners with dealerships across Brazil. You can simulate online, and clients enjoy exclusive benefits. A great option for those looking for the best bank to finance a used car.
4. Santander
Santander offers up to 100% financing, flexible terms, and special conditions for loyal customers. It also has sustainability incentives, like financing for electric and hybrid vehicles.
5. BV Financeira
Specializing in the auto sector, BV partners with many dealerships. Its main advantages include competitive rates and personalized service — perfect for those seeking fast approval.
6. Porto (formerly Porto Seguro)
In addition to financing, Porto also offers insurance, which can reduce the total cost for the customer. A smart choice for those who value safety and convenience in one place.
7. Creditas
Creditas provides secured loans using a vehicle as collateral, offering even lower rates. Ideal for those who already own a paid-off car and want to upgrade under better conditions.
Top Car Models Worth Financing in 2025
Here are some of the most sought-after models in Brazil — ideal for those using a car financing simulator:
1. Hyundai HB20
Compact, modern, and efficient. Perfect for daily use and commuting. It retains great resale value — a smart choice for buyers.
2. Chevrolet Onix
A best-seller for years. Offers technology, comfort, and fuel economy. Easy to resell and highly accepted by lenders.
3. Fiat Mobi
One of the most affordable cars on the market. Popular among app drivers and city dwellers. Low maintenance and great fuel economy.
4. Renault Kwid
High ground clearance, unique design, and top-tier fuel efficiency. A favorite among compact car buyers in Brazil.
5. Hyundai i30
Great for those who want a sportier used car. Offers performance, comfort, and style — for buyers looking beyond the basics.
Other interesting models:
- Volkswagen Gol
- Toyota Etios
- Ford Ka
These models are known for affordable maintenance, good market liquidity, and broad acceptance among financial institutions.
Golden Tips for Getting the Best Car Financing
- Use simulators. Tools like the Banco do Brasil car financing simulator help estimate realistic rates and installment values.
- Compare offers. Don’t settle for the first offer. Compare banks and fintechs offering digital car financing.
- Make a down payment. Reduces the total amount financed and the interest. Ideally, put down at least 20%.
- Take care of your credit score. A good credit history gives you access to better rates and easier approval.
- Check the CET. The Total Effective Cost shows the real cost of financing, including all fees.
Is Car Financing Really Worth It?
If you need a car for work, family, or can’t wait, financing can be the best option.
However, it’s essential to simulate, compare, and choose the most advantageous offer.
In some cases, a car consortium is worth it, especially if you’re not in a rush and want to avoid interest.
But if you find low-interest car financing with affordable installments, it can be the fastest and most practical way to own a vehicle.
Conclusion: Planning Is Key to Getting Your Car Smoothly
Vehicle financing can be your ally in achieving one of Brazil’s top consumer dreams: owning a car.
But this decision should be made carefully, considering your budget, life moment, and the available options on the market.
Use simulators, compare lenders, and understand which car model best suits your needs. With the right tools and solid planning, you can get your car with fair installments, low interest, and financial security. Now it’s up to you: research, plan, and hit the road!
Still not sure whether to buy or rent a car? Then don’t miss our next article, where we show you the advantages of renting a car instead of financing. It might be the perfect solution for you right now!
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