Interest-free loans for 0 km cars: which installments are the lowest

The return of zero-rate credits is driving the recovery of the automotive market. Thanks to low interest rates, many can access the purchase of brand new cars with affordable installments.

In this context, the Peugeot 208 is positioned as the best-selling model in the country. It is one of the most attractive options for those seeking financing of up to 50% of the vehicle's value.

El Peugeot 208 se posiciona como el modelo más vendido del país

How does the financing of brand new cars work?

Credits for buying new cars are a key tool for those looking to finance up to 50% of the vehicle's value. The Peugeot 208 Allure, for example, has a list price of $27,270,000, with the option to finance up to $14,000,000 at zero rate.

The installment system works simply. If 50% of the value is financed, the monthly installment will be $777,777.80 for 18 months, without interest. However, other additional expenses must be considered, such as the mandatory vehicle insurance and granting expenses.

What additional expenses should I consider?

Besides the monthly installment, when taking out a pledge credit, you must take out insurance for the car. For example, the full coverage insurance for the Peugeot 208 Allure MT costs $69,075.6 per month, which raises the total monthly installment to $861,359.2.

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It's also important to consider the granting expenses. Although they are usually 10% of the financed amount, in this case, they rise to almost $2,500,000, bringing the total initial amount to approximately $15,770,000.

Savings Plan: what's the difference?

Another option to acquire the Peugeot 208 is through the brand's Savings Plan. In this case, if you opt for a 120-month plan, the average installment will be $236,000, while for an 84-month plan, the installment rises to $323,000.

Diciembre de 2024 se convirtió en el mejor mes en patentamientos de los últimos seis años.

The main difference with pledge financing is that the installment amount varies during the plan's term, allowing better adaptation to the buyer's economic possibilities.

Registration expenses: what you need to know

Once the vehicle is acquired, the registration expense must be paid, which corresponds to 1% of the car's value. In the case of the Peugeot 208 Allure, this cost is $272,700 if done at a conventional Motor Vehicle Registry.

In the future, with the implementation of the new National Single Motor Vehicle Registry (RUNA), this procedure can be done digitally, and the cost could be reduced to 0.8%, that is, about $218,160.

What additional expenses are added to the final price?

Besides registration, there are provincial taxes and municipal fees that vary by jurisdiction. These can represent between 2.5% and 3% of the vehicle's value. In the case of the Peugeot 208 Allure, it can be between $680,000 and $820,000.