Check out the 5 best banks to finance trucks

In practice, planning is essential when buying any vehicle. In the case of pickup trucks, due to their high value and weight, planning must be different. In view of the usefulness that the vehicle can bring, both for your line of business and for the well-being of your family, the advantages of a pickup truck are very interesting.

In short, they are really more expensive, but traditional banks offer lines of credit to facilitate the purchase of this type of vehicle. In this article, we will show you how you can finance your truck and which are the best banks to do it in Brazil. Check out!

What are the types of financing?

Before we talk about the best banks to finance a pickup truck, we have to talk about the types of financing. Thus, it is easier to know which one is the most suitable for your financial situation. Check out!

Crédito Direto ao Consumidor (CDC)

The CDC is literally a loan, where the bank grants fixed credit at an interest rate, applied to the total amount. At the same time, the rate is set upon contracting, and the vehicle is sold until settlement.

Leasing

THE Leasing it works like a type of lease, where the bank lends the money, but becomes the owner of the truck until it is paid off. Including, in cases of default, the bank will keep the good, not returning the amount that was invested.

Consórcio

In the Consortium, the client is in a group of buyers, who have the objective of buying a good, which can be a car or a house. With specialized administrators, the groups are organized and those who keep the installments up to date will receive their letter of credit. Basically, you pay an installment per month and, after settlement, you can receive the requested good, in this case the truck.

What are the 5 best banks to finance trucks?

Although pickup trucks are larger vehicles, traditional banks have credit offers to extend on them. So, check out the best banks to finance your truck!

1 – Banco do Brasil

At the Bank of Brazil, there is vehicle financing, including pickup trucks. However, only account holders at the institution can use the credit. In this sense, the bank offers a differentiated discount when you jointly contract BB Auto Insurance.

Today, it is possible to contract financing from Banco do Brasil directly in the application, and the rates are considerable, being 1.99% am and 26.74% aa. Furthermore, it is possible to divide the truck into up to 60 installments, the first being paid after 180 days. Currently, it is possible to finance new and used trucks, with up to ten years of manufacture. (See more about Banco BB financing here).

2 – Caixa Econômica Federal

THE Caixa Econômica Federal allows to finance up to 80% value of the truck, with pre-fixed interest rates starting at 1,49% am, with no additional fees. In addition, Caixa is known for releasing credit for various vehicles, including cars and motorcycles. Today, the bank offers up to 60 installments for settlement, allowing part amortization or paying off the outstanding balance in advance.

In addition, you can subscribe to insurance for the vehicle, with different payment terms. Even when financing a used truck, choose those with less than ten years of manufacture. One advantage of Caixa is the possibility of financing another vehicle after paying off the first one. (See more details about Caixa credit).

3 – Itaú

THE Itau It is a differentiated bank, as you can apply for truck financing without being an account holder at the institution. Today, it is possible to do an online simulation, with a faster response than most banks.

In addition, Itaú financing allows the acquisition of new and used pickup trucks, and several vehicles can be financed by individuals. Currently, to apply for financing, it is necessary that the vehicle has a maximum of 8 years of manufacture. (Check financing details).

4 – Bradesco

Like some competitors, only account holders can apply for financing on Bradesco. In the case of the institution, payment terms and installment amounts are customized. It is even necessary to undergo a credit analysis, that is, negatives have little chance.

Currently, Bradesco's pickup truck financing rates are similar to the market, with 1.97% am and 26,40% aa. In addition, it is possible to settle the financing through automatic debit or bank slips, which have a special discount. (See the details of Bradesco Financiamentos).

5 – Santander

The financing Santander is limited to account holders. However, it is one of the best banks to finance trucks, especially because the proposal can be made online, as well as the simulation of the installments to be paid.

Currently, Santander has attractive rates, around 1.92% am, corresponding to 25.69% aa. Furthermore, the financing can be paid in up to 60 installments, one of which of financing fastest pickup trucks on the market. (Click here for funding details).

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