He Dominican Popular Bank (BPD) reported that the twenty-ninth edition of the Popular Autofair will offer fixed rates of 7.75% for six months; 11.95% at 12 months; 12.75% for two years; 13.95% for three years; 14.95% for five years; in addition to special financing conditions also for the purchase of used vehicles.
As part of the commitment of People’s Bank with the promotion of sustainable lifestyle habits, in this edition of the Popular Autofair In 2024, the acquisition of hybrid and electric vehicles will continue to be encouraged, with a special fixed rate of 7.25% for six months; 11.45% at 12 months; 13.45% for three years; 14.45% for five years.
- Popular Autofair It was the first automotive fair in the country to offer this facility, thanks to its green portfolio Hazte Eco, which is a pioneer in the Dominican market.
Through a press release, all customers will be able to finance up to 90% of the value of the vehicle, with a payment period of up to seven years starting in January 2025 and the ease of making extraordinary payments during the life of the financing.
Popular Leasing
As in previous editions, the Popular automobile fair includes the Leasing Popular financing product, with fixed rates from 7.75%.
This form of financing provides tax advantages to independent professionalsSMEs and companies, which can buy new vehicles or fleets, compensating the ITBISdiscounting the entire fee as an expense and being able to finance up to 100%. And, if it is an eco-friendly vehicle, Popular Green Leasing has better conditions.
As a whole, the vehicle leasing portfolio of the People’s Bank It amounts to 13,600 million pesos at the end of the month of October, with a percentage increase of 21% compared to the same month of 2023.
Service channels and schedules
The twenty-ninth edition of the Popular Autofair will take place until Sunday, December 8 in 23 dealerships, gathered in the Association of Vehicle Manufacturers Dealers (Acofave) and the United Group of the Automotive Industry of the Dominican Republic (GUIA), as well as more than 250 distributors or dealers and in all Popular branches in the country.
Bank offices close to dealerships and dealers will work with special hours, until 6:00 in the afternoon on Saturday, December 7 and until 5:00 in the afternoon on Sunday, December 8, when the Popular Autofair.
In total, in this version customers will be able to choose from a catalog of 62 vehicle brands and 76 vehicle models. hybrid cars and electrical. On the website Autoferiapopular.com.do The vehicle catalog is available for consultation.
From there you can also make loan requests and learn in detail about the offers and news of this company. edition of the fair vehicular.
This new version of this automotive event begins after the “successful” realization since October of the Popular Autofair Seasona period of commercial offers and special promotions, which customers were able to take advantage of in advance, purchasing their new vehicle with the conditions now announced for this fair.
Driver of the industry for almost three decades
The details were released during a meeting with the media, led by Mr. Francisco Ramírez, executive vice president of Personal Business and Popular branches.
In the activity, the executive stressed the importance of Popular Autofair like him autoshow most modern in the country, held since 1998 and having established itself as the ideal setting to present innovations in the automotive sector.
“Its impact not only lies in renewing the vehicle fleet of the Dominican Republicmaking it more efficient and modern, but also directing it towards its next level, with the introduction of more environmentally friendly units,” said Mr. Ramírez before the convened audience.
Additional benefits
When purchasing a new vehicle in this Popular Autofaircustomers will participate in drawings where they will have the option to win prizes, such as the attraction of taking three initial payments of 300,000 pesos each.
