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.
