Interest

High basic interest rates more expensive car finance in R$ 400

04/12/2014

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The increase of 0.5 percentage point of the basic interest rate, released on Wednesday (3), by the Central Bank (Central Bank), can tighten the budget of Brazilians interested in buying a popular car through financing, according to data collected by Anefac (National Association of Executives in Finance, Administration and Accounting).

With the new rate, a vehicle of R$ 25,000, which leaves the dealership for R $ 41,087 when paid in 60 installments, will be purchased for R$ 41,496. That is, the final value of the car becomes R$ 408 higher.

Even before the official release of the BC (Central Bank), the Executive Director of Studies and Economic Research of the Anefac, Miguel Ribeiro de Oliveira, already said that the high will have little impact on rates of interest on credit operations.

- Due to the increased competition in the financial system, it is possible that some institutions can maintain unchanged the interest rates of loans.

savings

According to the survey of Anefac, with increasing Base Rate of Interest 11.25% to 11.75% per year, investments in fixed income earning more attractive and be more advantageous than the savings in most situations.

Still, the prospect of membership is that savings accounts remain interesting in comparison with fixed-income funds, especially on those with administrative rates above 2% per year, usually applications of lower values because they do not pay income tax or management fees. This fact should lead to reductions in the costs of banks' management fees to avoid losing customers.

With the Selic to 11.75%, the book now has gained 0.6% per month corresponding to a yield of 6.17% + TR (Reference Rate).



Source: R7

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