Financiamento de Motocicletas

Financing a motorcycle is still an investment, as it is something you buy now that can be sold later, even if for a lower price. Precisely for this reason, the choice of financing needs great care.

Let's talk here about some precautions when financing a motorcycle. Check out some important steps to avoid losing money.

How motorcycle financing works

This credit works as follows: you take the money you need and pay that amount back to the bank in monthly installments, with interest added. Furthermore, it is necessary to provide a cash down payment to start the financing and, the higher this down payment, the lower the interest and the value of the installments will be.

It is worth remembering that the motorcycle will be the bank's guarantee until you pay off the debt in full, and this means that you could lose the vehicle if you fail to pay this debt.

Check your CPF

Anyone who has a negative CPF number is unlikely to be able to obtain financing. The bank always carries out a credit analysis to find out if you are able to pay this installment. But when he detects negatives, he understands that your budget is tight and, worse, that you don't pay your bills on time.

So, if your name is negative, try to resolve this situation before buying your motorcycle.

Search for banks where you can finance a motorcycle

You can finance it through a bank or automaker. It is important to know that institutions offer different interest rates and payment terms.

Therefore, it is worth knowing them before closing a deal, to know which one you can save the most on.

Simulate motorcycle financing values

You can finance the motorcycle at common banks, finance companies and manufacturer banks, such as Honda and Yamaha. However, each bank charges different interest rates, so you need to compare financing proposals in at least three places to ensure you get an excellent deal.

Save money for the down payment

Some banks finance 100% of the value of your motorcycle, but only if it is new. In most cases, down payment will be a requirement, and this amount changes depending on the model you want to purchase.

Find out as soon as possible the amount that will be requested at the entrance and start planning the purchase.

Separate documents to finance the motorcycle

After you have researched the values, chosen the bank where you will finance and organized your finances, it is time to close the deal. Have documents such as ID, CPF, proof of residence (an electricity or landline bill) and proof of income on hand.

In this case, a payslip, income tax declaration, payslip and bank statement are required. The important thing is to prove that you are able to pay the installments, so that the bank can release your credit.

 

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