In a context of high inflation and few financing options, several automotive companies on the market have decided to increase their sales by implementing new financing plans. with interest-free installments.
The companies’ move comes in a context of sharp decline in sales due to the significant price increases recorded for new vehicles in recent months. Last month saw a 14.8% decline in operations compared to January and a 20.4% decline compared to February 2023 sales.
Another equally important figure is that in the month of February 14,469 vehicles were financed, of which 61.1% were new units and the remaining 38.9% were sales of used vehicles, according to data managed by the chamber which brings together dealers.
This situation has led automotive companies to resume financial stimuli: Volkswagen Argentina, for example, has just launched a new campaign called “VW Weeks”, and offers 0% rate financing with a duration of up to 12 or 18 months for Nivus, T-Cross, Taos, Saveiro and Amarok V6 models.
Through its Volkswagen Financial Services, the brand offers this opportunity to those who wish to finance the purchase of a 0 km vehicle through official dealers throughout the country. Another tool that is part of this launch is an agreement with the insurer Zurich so that, in these five models, six months of insurance against all risks” to the value of the “total third party” coverage.
The automaker clarified that customers interested in purchasing an Amarok V6 have the option to choose between two financing options. On the one hand, they can opt for a 0% rate in 18 installments, with a financing limit of 12,000,000 dollars. On the other hand, they also have the possibility of using the UVA system, again in 18 installments, which allows them to finance up to 50% of the value of the withdrawal in any of its equipment levels.
As for the Nivus, T-Cross, Saveiro and Taos models, they are marketed with a rate of 0% for 12 months, with a financing limit of 5,000,000 dollars.
Stellantis, the merger between Peugeot and Fiat, has financing plans for the purchase, in March, of the PEUGEOT 208 or Peugeot Partner brands. Vehicle financing opportunities range from $3,000,000 at a rate of 0.0% with a 12 month payment term and up to $9,000,000 with a 12 month term at a rate of 9.9% all ‘year.
The case of 208, the purchase conditions can be applied to the Feline version: the maximum amount is 4,000,000 dollars financeable in 12 months in fixed installments at a 0.0% rate and up to 3,000,000 dollars at a 0.0 rate % within 12 months for the rest of the 208 versions.
“In addition, special financing of up to $7,000,000 at a rate of 0.0% within a nine-month period is also offered for B2B customers interested in the Peugeot Partner Van,” the company said in a statement. In this model there are different duration options: 12 months and financing starting from 9.9% (UVA credit) for the entire Peugeot 208 range (up to 9,000,000 dollars) and at 19.9% (with duration of 9 months) and 29.9% (with a duration of 12 months) for the Partner Van and for the entire Peugeot 208 range (up to 5,000,000 dollars).
For brands of Fiat, lThe Italian brand has launched new financing alternatives for the purchase of its Cronos, Strada and Fiorino models at a rate of 0.0%.
This is the Cronos, “the best-selling vehicle on the Argentine market”, according to the car manufacturer, with a maximum amount of 8,000,000 dollars, which can be financed over 12 months with fixed installments at a rate of 0.0%. Furthermore, special financing is provided for the model in its different versions, with a UVA line loan of a maximum amount of up to $10,000,000 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 Strada and Fiorino models, the company offers financing from the UVA line for an amount that covers up to 80% of the value of the vehicle in 12 installments at a rate of 0.0%. Like VW, “these operations are carried out through Fiat credit and apply to natural and legal persons,” the automaker reported.
Source: Clarin
