AD_MAGAZINE_350

38 November 2018 | AutoData MARKET » CREDIT Vehicle financings by modality In September of 2018. It includes light, heavy vehicles and motorcycles. Source: B3 Consortium CDC (direct to customer) Others Leasing 12,5 85,7 1,0 0,8 the financial market today assists the client in their credit proposal and pro- vides assistance in financial education, financing calculation, terms and install- ment values that the buyer can pay.” Regarding financing plans the down payment is currently varying from 20% to 50%. The interesting thing is that the amount has been very similar for a small car and for a compact SUV in terms of value, in other words, who buys a mo- del from this segment finances a higher value, which enables more resources to be released: “The compact SUVs’ suc- cess has undoubtedly raised the average ticket for Brazilian cars, which has con- tributed to this resource increase in the financing industry”. In terms of time period, there has been a slight growth: today it is in the average of 43 months while it was 42 months a year ago: “Although it seems little, it is enough to reduce the install- ments value and, this way, allow access to more expensive models.” THE RETURN OF THE SIXTY MONTHS The big novelty in the credit industry is the return of financing in sixty months. But for Montenegro, “five years seems like a long time for a financing, and the market is not so stable to allow that confidence in the long term”. With regard to released values, new vehicles move the majority of resources, while the used ones stay in the lead in quantity. According to Anef, for each new car financed, other 4,3 used and semi- -new vehicles are sold by credit. The average vehicle financing inte- rest rate in October ranged from 1% to 3.94% per month, comparing all banks,