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Economic indicators

Parcel of new car should compromise at most 30% of income, warns expert

24/10/2012

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



 


Dealers across the country expect a rush of consumers to close the deal and enjoy the last days of the IPI reduction
 
SAO PAULO - The total income that must be committed to the plot of a new car is at most 30%. The warning comes from economists SPC Brazil (Credit Protection Service).

According to economists, this week, dealers across the country expect a rush of consumers to close the deal and enjoy the last days of reduction of the IPI (Excise Tax) for cars. However, with payment options of up to 60 months and no entry, the Brazilian needs to exercise caution and planning to take advantage of the discount and do not take on more debt than the budget allows.

To get an idea, in practice, in a home whose income is R$ 2200, the car payment, plus the cost of the car (fuel, maintenance, taxes and insurance) should not exceed R$ 660.

Fiananciamento
Overall, according to a study conducted by SPC Brazil, seven in ten people who pay car finance also accumulate other debt on the card.

One reason for such behavior could be that Brazilians have the habit to analyze the provision only if it is assumed in the budget. "The consumer should make an analysis of the impact of this provision on own financial life in the event of something unforeseen, such as being unemployed," says economist SPC Brazil, Nelson Barrizelli.

Also according to the survey, 91% of respondents plan to finance a car in the next six months, that percentage rises to 93% among consumers in classes C and D, and decreases to 87% in class AB.

Among those who already have a loan, 24% has already delayed some payments, but is now with the benefits in day and 8% have some portion of funding delayed.



Source: The Day Online

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

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