SANTO DOMINGO.- Expomóvil Banreservations reached record figures for financing requests on its second day of operations and it is expected that by the end of the day it will exceed the goal proposed for the entire country.
The deputy general manager of Business, Ysidro García, reported that this Friday the approvals exceeded RD$2,500 million, at the time of delivery of more than 350 units of vehicles of various makes and models.
“Until now, this is our best start in the history of this fair that has aroused great interest from dealers and dealers, as well as from the general public,” said the banking executive.
He added that this Expomóvil is expected to exceed previous fairs due to the high level of public demand to acquire conventional, hybrid, electric, commercial and agricultural vehicles.
García and the deputy administrator of Subsidiaries Banreservas, Francisco Elías, toured Santiago, Moca and La Vega, where they met with representatives of vehicle distributors, to verify the progress of the fair in that area.
During the tour, executives from Pepe Motors and Charlies Motors, in Santiago; Espaillat Motors; in Moca, and Bladys Beato, Vega Motors and Auto Mayeya, in La Vega, highlighted the enthusiasm of customers for the attractive rates available; at the time of weighing the support offered by the financial institution to vehicle dealers.
Expomóvil Banreservas 2022 will run until Sunday at the facilities of dealers and concessionaires distributed throughout the territory, where there are Banreservas executives to receive and process financing requests.
Customers can also go to the Banreservas offices that work extended hours throughout the weekend, in addition to the alternate channels and the Bank’s website to manage the approval of a loan for the purchase of a vehicle.
The fair includes attractive rates, ranging from 8%, fixed at 6 months for electric and hybrid vehicles, and financing of up to 90% of the value of the unit to be acquired, with the advantage of being able to start paying in February 2023 .
Customers can also choose other interest rates, such as the following: electric and hybrid vehicles, 9.81%, fixed up to 12 months; personal vehicles, 9.81%, fixed at 6 months; 10.81%, at 12 months; 11.81%, at 18 months; and 12.81%, at 24 months.
Commercial and used vehicles will have rates of 12.81% and 13.81%, fixed at 12 and 24 months, respectively.
