Fixed installments, in pesos and at zero interest: what are the financing options for purchasing a 0 km car?

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Comparing a car in Argentina is always more expensive. There is no model that costs less than $16 million and the increases seem to have no ceiling. This, combined with a context of inflationary crisis, explains why it was the worst start for the sector in the last 20 years.

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Taking a salary of $700,000 as a reference, a figure just above the value of the total basic basket ($690,901 as of March 13), some 24 salaries be able to buy the cheapest car on the market: a Toyota Yaris Hatchback, whose list price is $16,855,000.

According to the report of the Association of Automobile Dealers of the Argentine Republic (ACARA), in the first two months of the year, 58,729 unitswhich represents 27.4% less than in 2023.

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And in the face of a complicated economic picture, with inflation remaining in double figures, the chances of approaching or reaching km 0 are reduced. This is why automotive companies “take to the streets” to attract new customers with financing plans which, in some cases, are offered in 18 months and at 0% interest.

Brand by brand proposals

Citroën. Offer for the purchase of a C3 (from $19,131,900), C4 Cactus (from $25,505,000) or to Berlingo Van (from $20,568,300) financing for a maximum amount of $3,000,000 for 12 months in fixed installments with a 0% rate and $5,000,000 with a rate of 19.9% ​​up to a duration of 24 months.

It also has special financing of up to $7,000,000 at a rate of 0% within 9 months for B2B (commercial) customers interested in the Berlingo Van.

Chrono. The best-selling car on the market can be financed in 12 months at a 0% rate.

Likewise, it has different duration options of up to 48 months and financing at a 9.9% vehicle rate for the purchase of a C4 Cactus, Berlingo and a C5 Aircross.

Fiat. Offers plans for acquiring models Chrono (from 19,864,000 dollars), the best-selling vehicle on the market in the last three years; withdrawal Street (from 17,596,000 dollars) and the Fiorino utility (18,477,200 dollars).

In case of Chrono, Fiat finances up to 8,000,000 dollars in 12 months in fixed installments with a 0.0% rate. Furthermore, a special loan is provided for the model in its various versions, with a loan from the UVA line for a maximum amount of up to 10,000,000 dollars in 24 installments and with a rate of 0.0%. It also has various duration options of up to 60 months and financing of up to 70% of the vehicle.

For the models Street AND Forint UVA line financing is offered for an amount covering up to 80% of the vehicle’s value in 12 installments at a rate of 0.0%. These operations are carried out through Fiat Credit and are aimed at natural and legal persons.

Financing of up to $8 million for Ford Ranger.
Financing of up to $8 million for Ford Ranger.

ford. The oval brand is offering to finance the new generation of the Ranger pick-up, produced in the General Pacheco plant in Buenos Aires.

The maximum amount that can be financed is 8,000,000 dollars, with installments of 666,667 dollars plus VAT on interest. The collateral loan is in 12 monthly installments, with a total nominal annual finance charge (CFTNA) of 17.95%.

Nissan. With proposals in its entire range of models. At Versa offers two options: financing up to 15,000,000 dollars in nine installments at a rate of 129.9% and up to 19,040,000 dollars, in 12 installments at a rate of 198.9% (the same applies to the model Kicks).

The Japanese brand also includes the national pickup Frontier and the renewed Sentra, with amounts to be financed up to $10,000,000 and $15,000,000 respectively.

The 208, Peugeot's best-selling model, can be purchased through various financing plans.The 208, Peugeot’s best-selling model, can be purchased through various financing plans.

Peugeot. The proposal concerns the two nationally produced models. For him 208, in your version Felineoffers a maximum loan of 4,000,000 dollars in 12 months in fixed installments with a rate of 0.0%.

For the rest of the range, however, the conditions are maintained but for an amount of up to 3,000,000 dollars. Likewise, it has several 12-month term options and financing from 9.9% (UVA credit) to $9,000,000.

Additionally, financing up to $7,000,000 is also offered at a rate of 0.0% within a 9-month period for B2B customers interested in the Comrade Van.

renault. Financing of up to $7,000,000 at 0% interest (TNA) for models announced for this month Sandero, logan AND Step and up to $10,000,000 per KangooVUAlaskan and Oroch.

Additionally, it also offers a new 24-month Flex financing line with payments starting at $49,999 for every $1,000,000 of amount financed.

The maximum amounts to be financed are adjusted based on the model: $9,000,000 (Sandero, Stepway and Logan) and $13,000,000 (Kangoo Express, Alaskan and Oroch).

VW offers 0% financing for the Amarok V6 and other models. VW offers 0% financing for the Amarok V6 and other models.

Volkswagen. It offers 0% financing for Nivus, T-Cross, Saveiro, Amarok V6 and Taos models, for 12 or 18 months, depending on the model.

On the one hand, customers interested in the Amarok V6 can opt for a 0% rate in 18 installments with a financing limit of 12,000,000 dollars, or for a UVA system, again in 18 installments, which allows financing of up to 50 % of the value of the pick-up, in any equipment level.

The Nivus, T-Cross, Saveiro and Taos models are marketed with a rate of 0% in 12 months and with a financing limit of 5,000,000 dollars.

Source: Clarin

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