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Transportation

Young used car financing exceeds 0Km models

08/03/2015

This article was translated by an automatic translation system, and was therefore not reviewed by people.

 

 

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The crisis not only brought down sales in the automotive sector, but also changed consumption habits of those who are still willing to make a debt to purchase a vehicle. For the first time since 2011 (the beginning of the series), cars with four to eight years of use have passed in the new funding, according to a survey of the central deposits of assets and Cetip titles.

Car dealers

In the first half, the "young used" accounted for 35.51% of the financing, or 752,100 units, while new accounted for 35.1% of the total. The advantage, albeit by narrow margins, began to gain momentum at the turn of the year, with the return of the full collection of the Tax on Industrialized Products (IPI) for the zero km vehicles.

"The new market had tax benefits and huge credit in 2010 here, but this is over," says Marcus Lavorato, Institutional Relations Manager of Cetip Financing Unit. He argues that, more than a full expansion of the used, the result shows a return to normalcy in the market. Now, consumers who need to change vehicles look at the size of the new plot and just switching to bold. "A 2010 vehicle, for example, was still manufactured in the context of reduced IPI. So has an even more competitive price compared to the new," says Lavorato. For Vitor Meizikas analyst Molicar consulting, another issue that influences is the fact that the new vehicle has a more rigid and less bargaining margin than the used price.

The president of Fenabrave association representing utilities, Alaric Assumption Junior, says there is also evidence that there are fewer dealers in the square. "Much of the semi-new owners do not want to change cars. So falls the stock of such vehicles, and the consumer part for older units," he says.

Interest rates for the purchase of vehicles vary between 0.80% and 4.1% per month, according to Central Bank data. The survey does not separate rates by age of the vehicles, but according to experts, the interest of the used is larger than the new. Thus, the consumer must take into account that the funding will weigh more in the pocket. The price of insurance should also enter the list of items to be considered by the buyer. In popular vehicles, for example, often leave into account take out insurance for the cars "second hand". A simulation Minute Insurance brokerage shows that the difference may exceed 50% of a new vehicle and another eight years of use. This is the case of the Fiesta 1.6 in 2007 and 2015, the prices of insurance are, respectively, R$ 1,672.27 and R$ 2,527.50. Industry analysts, however, say that the age of the vehicle is not the only factor to determine the amount of insurance. Theft index and mileage is information that also come in the analysis.

 

Source: Journal of Commerce

 

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This article was translated by an automatic translation system, and was therefore not reviewed by people.

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