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40 November 2018 | AutoData MARKET » CREDIT 0 KM until 3 years 4 to 8 years 9 to 12 years More than 12 years Average financing term x vehicle’s life time In months, September 2018. Only automobiles. Source: B3 42,1 Overall average 38,4 44,2 44,2 42,8 38 Although the large banks that domi- nate the market have its own financial operation, it is still strategic for most vehicle manufacturers, although some have signed partnerships with traditional banks such as Bradesco or Itaú – the case of Banco Fidis, from FCA, under the Fiat and Jeep brands. The most recent case to enter this sector is from DAF Trucks, a Netherlan- ds-based brand controlled by Paccar, with a factory in Paraná. It has just en- tered the last stage of the creation of Banco Paccar, which is expected to start operations in the first half of 2019. João Petry, director of financial services at DAF, affirms that “Paccar Financial is an opportunity to expand access to credit. Our differentials will focus on customers and their specific business needs, with a specialized truck finan- cing team and a high level agility in demands”. Arquivo AD possibility to finance 100% of the vehicle’s value in up to six- ty months with a 180 day grace period, and the systemworks even on weekends. The avera- ge financing ticket is R$ 40 thousand. PACCAR BANK