Sell vehicles '' mature '' advances 6.9%

Convenience and less time in the offsets were the reasons that led the system to change the Belt Vinicius bus by Auto. At the age of 23 years, he acquired in July a vehicle year 2007, your first car. Car financing with 9 to 12 years of use (models manufactured between 2004 and 2007) are part of the single thread that showed growth in the first half, according to the Company. The Layaway of so-called "mature used" Advanced 6.9% between January and June this year compared with the same period last year. In other tracks, the falls were 30% for new vehicles, 11.2% for the second (up to three years of manufacture), 6.4% for the used young (four to eight years), and 27.4 percent for cars with more than 12 years. "The low level of consumer confidence, rising unemployment and falling incomes are the factors that explain the sharp retreat in financing in the first half," says Marcus Lavorato, Institutional Relations Manager of Cetip. The record car sales in 2007 helps you understand the framework. As there is a large stock of such vehicles on the market, they pulled the funding growth in the range of 9 to 12 years in the first half, says Lavorato. President of Webmotors, largest selling cars in the country, Rodrigo Borer notes that demand on the platform is greater for car sales, but see also migration in other tracks. "The car buyer today buys a near Mint." The apparent lower cost ripe vehicles compared to younger ones is what most attracts the consumer. However, you need to be aware of the conditions and the period of funding, in addition to the additional costs. In General, the interest to fund older cars are larger, as well as spending on maintenance. "Depending on the costs to buy the term, giving up comfort items and acquire a new car can be worth more worth than buying a car equipped older," says Vitor Meizikas, an analyst at Molicar consulting. On the other hand, he states that the default is higher among younger car buyers. The Planner certified by the Brazilian Institute of Professional Financial certification (IBCPF) Daniel Chiavenato Mazza remembers that consumers tend to forget taxes and transaction charges. And, in addition, he recommends the maximum of any operations involving interest: Save to give the greatest possible input. That''s what you did. "I paid half the value on input and financed the rest," he says. Even so, he had to cut non-essential spending to accommodate the parcels in the budget.