Buying a new or semi-new car is the burden of many people in Latin America. However, the way to acquire this can vary significantly between countries, especially when it comes to choosing between a consortium or direct financing.

In this article, we explore the benefits of vehicle financing without an initial payment, highlighting platforms such as iCarros and its collaboration with leading banking institutions such as Itaú in Brazil, and other great actors in the region like BBVA, Santander, Bank of Bogotá, Scotiabank, among others.

Why Choose Vehicle Financing Instead of the Consorcio?

El automotive financing offers a clear advantage over consortiums: immediate access to the vehicle. While in the consortium the customer must wait for draws or make offers to be awarded, with financing, after credit approval, the car is delivered directly to the buyer. This is ideal for those who need an immediate vehicle or want to plan their finances with fixed amounts and defined deadlines.

Key Advantages

  • Immediate delivery of the vehicle

  • Fixed quotas and financial predictability

  • Digital and simplified process

iCarros and Itaú: A Strategic Alliance in Brazil

iCarros, one of the main platforms for purchasing and selling vehicles in Brazil, offers financing options directly from its application or website. The alliance with Itaú, one of the most solid financial institutions in the country, allows for a safe and efficient experience.

How Financing Works through iCarros

  1. Explore Vehicles: Login to the iCarros platform and search for new and semi-new cars according to your expectations.

  2. Simulate your Credit: Use the simulator to calculate the value of fees, payment period and interest rate.

  3. Enter your data: Complete the form with your financial and personal information.

  4. Credit Analysis: iCarros and Itaú evaluate your profile and offer you the best conditions available.

  5. Digital Firm and Delivery: Once approved, the contract is signed and the vehicle is delivered.

Financing Alternatives in Other Countries

Although iCarros operates mainly in Brazil, its model is replicated in other markets through alliances with local banks. Here we present some alternatives highlighted in the focus countries:

Colombia

  • Bank of Bogotá y Bank of Colombia: Leaders in financing new and used cars.

  • RappiCarros: Emerging platform for online credit purchases.

Mexico

  • BBVA Mexico y Santander Mexico: Wide options with online simulators and competitive tasks.

  • Kavak: Pre-owned vehicle platform that offers integrated financing.

Peru

  • BCP Auto y Interbank: Vehicle financing programs with digital 100% attention.

Chile

  • State Bank y Scotiabank Chile: Flexible options and alliances with official dealers.

Ecuador

  • Bargain Bank y Produbanco: Leaders in automotive financing.

Paraguay

  • Itaú Bank Paraguay y Continental Bank: Direct financing programs with agreements with local brands.

Bolivia

  • BISA Bank y National Bank of Bolivia: Frequent promotions on automotive fairs and options without initial payment.

Simulators and Online Awards

Many of these institutions offer online simulators which allows you to calculate your automotive credit from home, facilitating the comparison between different options without the need to visit a physical branch.

Conclusion

Vehicle financing without an initial payment has become a viable and convenient option in many Latin American countries. Platforms like iCarros, together with strong regional banks, allow you to purchase a new or semi-new car without complications and with digital 100% processes. Before making a decision, compare fees, terms and benefits, and choose the option that best suits your profile and needs.

🚗 Do your simulation today and give the first step to your new car!