How does BV financial vehicle financing work?

BV vehicle financing is carried out in the form of secured credit and you must meet some prerequisites to request yours. BV vehicle financing can be requested by any Brazilian who is over 18 years old, must be regularized with credit protection bodies, as they must be approved in the institution's credit analysis and must have any vehicle, whether new or used, of a category light, heavy or motorcycle to place it as a chattel mortgage, that is, the car as collateral in case you do not pay off the financing.

The minimum amount for financing stipulated by the bank is 1,500 reais, payment terms may vary depending on credit analysis and your criteria with a minimum of 3 months and reaching a maximum of 60 months and the value of the installment cannot exceed the percentage of 30% of your income.

The vehicle will remain in your name and if you remain in full payment there will be no problems, however if there are delays in many installments, the company may go to court and request your car as payment. But don't worry, if you have any financial difficulties during the process, you can renegotiate your debt with the institution and they will offer several opportunities. The value of the installments is also fixed until the end of the contract, allowing you to plan ahead.

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