Loan to buy a car at auction.
Loan to buy a car at auction.
One of the reasons why many people give up on buying cars at auctions is the fact that they have to be paid in cash.
What many don't know is that there are banks and companies that are exclusively for purchasing cars and that can also be applied to purchasing cars at auctions.
Auto Caixa Credit
Through the Auto Caixa Credit line, the bank provides up to 80% of the value of the car, having to pay only 20% out of your pocket to make the purchase.
To improve, the rates are pre-fixed, which means they cannot be changed and start at 1.49% per month, varying depending on the term, vehicle value and year of manufacture, with no additional fee.
The payment term is up to 60 months and the guarantee is the sale of the car.
How it works
How to get Auto Caixa Credit
Go to a Caixa branch closest to you with your ID and CPF, proof of residence and income, DUT or car note, Detran form confirming the absence of fines, DPVAT, delays, etc.
There, make your request and wait for the analysis for approval. If you succeed, you will soon receive the money to make the purchase.
How to obtain Auto Caixa Credit?
First of all, it is good to know all the documents that are needed:
– RG and CPF in good standing with the Federal Revenue Service.
– Proof of residence and income.
– DUT or vehicle note.
– Form from the DETRAN in your city that informs the absence of debts, such as IPVA, fines, depevat, etc.
Once you have the documentation in hand, go to a Caixa in your region and submit the request, which will require approval.
If everything goes well, you will soon have the money to buy a vehicle.
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