Banco Nación Will Launch New Loans to Purchase 0 Km Cars

Banco Nación and the Asociación de Concesionarios de la República Argentina (ACARA) announced a preliminary agreement to offer a new line of credit, aimed at financing up to 100% of the value of a new car.

Although the proposal is not yet available, it will allow access to loans of up to 100 million pesos, with a term of 72 fixed installments.

Features of the new financing

The announcement was made by Sebastián Beato, president of ACARA, who explained that this financial tool aims to facilitate the purchase of new vehicles without the need for the customer to visit a bank branch.

Additionally, the financing will be personal and not secured, meaning that the credit will not be tied to a specific asset, but will operate under conditions similar to a conventional personal loan.

Key benefits:

• 100% financing of the vehicle's value.
• Loan of up to 100 million pesos.
• Term of up to 72 fixed installments.
• Transactions without the need to visit a branch.
• Available for domestic and imported vehicles.

Impact on the automotive market

According to Beato, this measure could generate a strong boost in demand, especially in segments like pick-ups. In this regard, dealers have received the announcement with optimism, anticipating a possible increase in sales. "It's a very good opportunity that will make sales grow across all segments," Beato stated.

Growth of credit in the automotive sector

Financing has become an essential tool for the new and used car market in Argentina. According to data from January 2025:

• 20% of new and used car sales were financed, showing growth compared to the previous year.
• Savings plans, historically predominant, have reduced their share to 45%, compared to 69% in January 2024.
• Bank and brand financing has gained ground, offering more competitive rates.
• Financing in used cars increased from 12% in 2024 to 16% in 2025.

Expansion of credit in used cars

The impact of credit has also been reflected in the used car market, with a 141% increase in operations with bank collateral compared to January of last year.

According to data from Kavak, 30% of purchase-sale operations in the second half of 2024 were financed, surpassing the market average.

Launch and next steps

While the agreement between Banco Nación and ACARA has already been reached, official sources clarified that the line of credit is still in the definition phase and its availability will be announced in the coming weeks. Negotiations continue to progress, and it is expected that the final details, such as interest rates and specific requirements, will be informed in due course.

This new financing scheme could represent a key boost for the automotive industry, encouraging the renewal of the vehicle fleet and offering greater facilities to buyers in a challenging context.

This type of financing could be key to improving consumer access to new cars, in a context where many buyers opt for used vehicles due to high tax burdens and restrictions of traditional loans.