Finance your car quickly, safely, and start driving your own this month!

Car financing is an increasingly popular option for those who want to easily achieve their dream of owning a car.

This method allows thousands of people to acquire their vehicles in a practical and accessible way, paying installments that fit their budget.

With so many credit options, institutions, and rates, it is essential to understand the process well to avoid surprises and make a safe choice.

Want to know how to get your car this month? Check how car financing works and everything you need to know before closing a deal!

How does car financing work: everything you need to know before closing a deal

Financing a car in Brazil is an option many choose to get their vehicle, paying gradually without compromising their entire family budget.

Financing is a contract between you and a financial institution. The bank lends the amount, and you repay it in monthly installments.

Car financing includes credit analysis, down payment definition, and terms; it is important to know each step before making any decision.

In this guide, we will show you how it works, what precautions to take, and the best tips to ensure safe and advantageous financing!

The advantages and disadvantages of vehicle financing

Car financing is a popular choice in Brazil as it offers the possibility of acquiring a new or used vehicle by paying installments that fit your budget.

Advantages of financing a car:

• You can get your new or used car immediately, without needing to save the full amount and wait years to make the purchase.
• It is possible to choose terms and installments that fit your budget, making payments organized and planned.
• Many institutions offer exclusive promotions, with attractive rates and special conditions, making car financing even more advantageous.

Disadvantages of financing a car:

• The final amount paid can be much higher due to interest and fees that increase based on the term chosen in the contract.
• The car remains encumbered until payment is completed; that means it cannot be freely sold until the financing is settled.
• Poorly planned financing compromises part of your monthly income, possibly causing financial imbalance and difficulties paying other expenses.

What are the interest rates for car financing in 2025?

Financing a car in 2025 requires attention to interest rates, which vary depending on the bank, client profile, and current market conditions.

Understanding how these rates work helps you choose the best financing, avoid high costs, and ensure fairer installments for your monthly budget.

How can rates from different banks and financial institutions be compared?

Comparing rates is essential before closing the financing to avoid paying more than necessary for the same vehicle.

Research the conditions different institutions offer, observing interest rates, administrative fees, and embedded additional costs.

Online simulators are great tools for comparing financing offers, making it easier to choose the most advantageous option that matches your financial profile.

Talk directly with financial institution managers and representatives to clarify doubts, negotiate conditions, and secure the best rates for your financing.

How to get the best interest rates?

Maintaining a good payment history is essential since banks offer better conditions to those demonstrating responsibility and financial stability.

Making a larger down payment reduces the financed amount and can result in more attractive rates, lowering the total financing cost over time.

Negotiation is always worthwhile. Many institutions adjust rates based on the client’s profile, income, and prior relationship with the institution.

Short-term terms reduce total interest, even if installments are slightly higher, compensating for the final amount paid.

The impact of credit score on financing rates

The score directly influences car financing, determining the conditions and rates each client can access when closing the contract.

The higher the score, the lower the bank’s risk, which generally results in lower interest rates and more advantageous conditions.

A low score limits options and may lead to higher interest rates, making financing more expensive and hindering the dream of owning a car.

To improve your score, keep payments current, avoid excessive debt, and regularly update your information with national credit bureaus.

Best institutions to finance a car in Brazil

Financing a car in Brazil is an important decision, and choosing the right institution can make all the difference in terms of value and offered conditions.

Each bank or financial institution has exclusive advantages, such as differentiated rates, flexible terms, and facilities to make financing more accessible.

Car financing at Santander

Santander is known for offering its clients excellent car financing conditions, competitive rates, and various term options.

The bank offers online simulators, which facilitate visualizing values, terms, and rates even before visiting a branch.

Clients with an active relationship, like a current account or card, may have access to even more advantageous conditions and reduced interest rates.

Santander also features agile analysis and approval processes, making financing faster and less bureaucratic for interested clients.

Car financing at Bradesco

Bradesco is one of the most traditional institutions in Brazil, offering security and confidence in financing new or used vehicles.

With a wide network of branches, it facilitates personalized and face-to-face service, guiding the client through all stages of financing.

Depending on the client’s profile and history, it also offers benefit packages for account holders, such as auto insurance and differentiated rates.

Bradesco also invests in technology, allowing simulation and financing directly through its app or official internet banking.

Car financing at BV Financeira

BV Financeira specializes in vehicle credit, offering accessible conditions and various financing plans for different profiles.

It is highly sought after by those seeking quick approval and flexibility in negotiations, adjusting terms and installments as needed.

BV also works with partner dealerships, facilitating direct contracting at dealerships and speeding up the entire process for consumers.

Moreover, the financial institution has efficient digital channels, allowing clients to track financing steps easily and securely.

Car financing at Omni Financeira

Omni Financeira stands out by serving diverse audiences and offering car financing even to those with a lower credit score.

It is known for flexibility regarding willingness to negotiate conditions and adjust financing according to the client’s reality.

It has partnerships with vehicle resellers nationwide, making the financing process simpler and closer to the consumer.

Omni also offers specialized support, focused on clarifying doubts and ensuring a smooth and secure experience throughout the financing process.

How to simulate car financing online and avoid surprises

Simulating is essential to financing a car safely. It allows you to visualize installments, terms, and rates before committing financially.

Always observe the down payment amount, the Total Effective Cost (CET), and the term, as they directly influence the final amount paid.

Use the simulation when negotiating. Present other proposals, ask for better conditions, and adjust terms according to your financial planning and budget.

This way, you can avoid unpleasant surprises, ensure a smoother financing process, and make a safe choice that is aligned with your goals.

Is it better to finance a new or used car?

In Brazil, financing a car requires evaluating the advantages and disadvantages of each option, such as value, rates, depreciation, and maintenance costs.

A new car offers a warranty and updated technology but suffers greater depreciation and generally has higher insurance and installment costs.

A used car is cheaper, has lower depreciation, and has more affordable insurance, but depending on its condition, it may have higher maintenance costs.

Compare proposals, simulate scenarios, and choose the alternative that balances your needs, budget, and safety when obtaining car financing.

What are the most economical car models to finance in 2025?

Financing a car in 2025 requires attention to consumption, maintenance, and installments, making economical cars the favorites for those seeking practicality.

Choosing the right model ensures lighter car financing, saving daily expenses, and reducing unexpected costs.

Best new car models to finance in 2025

• Chevrolet Onix: This sales leader offers excellent value for money, low consumption, and easy financing approval.
• Hyundai HB20: Modern design, mechanical reliability, and great resale value, ideal for those seeking a complete and accessible car.
• Volkswagen Polo: Safety, technology, and comfort, with affordable versions and ease of obtaining financing with good rates.
• Fiat Argo: Attractive design, accessible maintenance, and advantageous financing conditions for those wanting an efficient urban car.
• Toyota Yaris: Japanese reliability, low depreciation, and fuel economy, ideal for those seeking safety and durability.

Best used car models to finance

• Chevrolet Onix (2019-2023): Reliable mechanics, low maintenance, and excellent appreciation in the used car market, ideal for safe financing.
• Hyundai HB20 (2018-2023): This durable and economical model offers good value for money and a strong presence in the used market.
• Volkswagen Gol (2018-2022): It is robust, simple to maintain, and widely accepted, making it a practical and economical choice for financing.
• Ford Ka (2018-2021): Great drivability, efficient consumption, and affordable price, excellent for those wanting to finance a reliable used car.
• Toyota Etios (2017-2021): Economical, robust mechanics, and low depreciation, ideal for those seeking security when financing a used car.

Conclusion

Now that you know the main points about car financing, it is much easier to decide which model and institution are best for you.

Always analyze rates, terms, and conditions before closing a deal to ensure safe, calm, and suitable financing for your budget.

Research well, compare offers, and choose the option that allows you to get your car without compromising your financial health or daily well-being.

Enjoyed it? Want to know how to finance a car through Santander safely and easily? Access the article below and discover all the advantages!