Terms of up to seven years and financing of up to 90% of the vehicle’s value will be offered at this vehicle fair
Banreservas inaugurated its long-awaited Expomóvil 2024 fair, offering competitive rates that start at 5.83% for electric and hybrid vehicles, and financing of up to 90% of the value of the vehicles and the possibility of starting to pay in February 2025.
At this fair, which will be held from October 10 to 13, the rates for electric and hybrid vehicles are structured as follows: 5.83% for six months, 8.83% for one year, 10.83% for three years, and 13.83% for five years.
On the other hand, the rates for new vehicles for personal use are 7.83% for six months; 9.83% at one year; 12.83% for three years; and 13.83% at five years. For used vehicles, rates are set at 13.83% for one year; and 14.83% at two years.
The term for this type of loan is up to seven years. While commercial vehicles have rates of 11.83% for one year; and 12.83% for two years, and a term of up to five years. Like other financing, a vehicle policy is included for the life of the loan.
The executive president of Banreservas, Samuel Pereyra, highlighted that these are the lowest rates on the market and urged clients to take advantage of this great opportunity to fulfill the dream of having their own vehicle or the one they need to grow their business.
“It is an honor and a pleasure to start a new edition of Expomóvil, the largest and most important vehicle fair in our country. This event has become one of the bank’s most anticipated products,” he said.
