Comparing a car in Argentina is increasingly expensive. There is no model that costs less than $16 million and the increases seem to have no ceiling. That, added to a context of inflationary crisis, explains why it was the worst start for the sector in the last 20 years.
Taking as a reference a salary of $700,000, a figure just above the value of the total basic basket ($690,901 as of March 13), some 24 salaries to be able to buy the cheapest car on the market: a Toyota Yaris Hatchback, whose list price is $16,855,000.
According to the report of the Association of Automotive Dealers of the Argentine Republic (ACARA), in the first two months of the year, 58,729 unitswhich represents 27.4% less than in 2023.
And in the face of a complicated economic outlook, with inflation that remains in double figures, the possibilities of approaching or reaching 0 km are reduced. That is why automotive companies “go out into the streets” to attract new customers with financing plans that, in some cases, are offered in 18 months and at a 0% rate.
Brand-by-brand proposals
Citroën. Offer to purchase a C3 (from $19,131,900), C4 Cactus (from $25,505,000) or un Berlingo Van (from $20,568,300) financing for a maximum amount of $3,000,000 for 12 months in fixed installments with a rate of 0% and $5,000,000 with a rate from 19.9% up to a 24-month term.
It also has special financing of up to $7,000,000 at a rate of 0% within 9 months for B2B (commercial) customers interested in the Berlingo Van.
Likewise, it has different term options of up to 48 months and financing at a rate of 9.9% of the vehicle to purchase a C4 Cactus, Berlingo and a C5 Aircross.
Fiat. Offers plans for the acquisition of models Cronus (from $19,864,000), the best-selling vehicle on the market in the last three years; the pickup Street (from $17,596,000) and the utility Fiorino ($18,477,200).
In the case of Cronus, Fiat finances up to $8,000,000 over 12 months in fixed installments with a rate of 0.0%. Additionally, special financing is offered for the model in its different versions, with a UVA line loan of a maximum amount of up to $10,000,000 in 24 installments and with a rate of 0.0%. It also has different term options up to 60 months and financing up to 70% of the vehicle.
For models Street y Forint UVA line financing is offered for an amount that covers up to 80% of the value of the vehicle in 12 installments at a rate of 0.0%. These operations are carried out through Fiat credit, and apply to natural and legal persons.
Ford. The oval brand offers to finance the new generation of the Ranger pickup, manufactured at the General Pacheco plant in Buenos Aires.
The maximum amount to be financed is $8,000,000, with installments of $666,667 plus VAT on interest. The collateral loan is in 12 monthly installments, with a total nominal annual financial cost (CFTNA) of 17.95%.
Nissan. With proposals in its entire range of models. At Versa it offers two options: financing up to $15,000,000 in nine installments at a 129.9% rate and up to $19,040,000, in 12 installments at a 198.9% rate (the same applies to the Kicks model).
The Japanese brand also includes the national pickup Frontier and the renewed Sentra, with amounts to be financed of up to $10,000,000 and $15,000,000 respectively.
Peugeot. The proposal is about the two nationally produced models. For him 208, in your version Felineoffers a maximum financing of $4,000,000 over 12 months in fixed installments with a rate of 0.0%.
On the other hand, for the rest of the range the conditions are maintained but for an amount of up to $3,000,000. Likewise, it has different 12-month term options and financing from 9.9% (UVA credit) to $9,000,000.
Additionally, financing of up to $7,000,000 is also offered at a rate of 0.0% within a period of 9 months for B2B clients interested in the Partner Furgon.
Renault. Announced for this month financing of up to $7,000,000 at a 0% rate (TNA) for the models Sandero, Logan y Stepway and up to $10,000,000 for Kangoo VUAlaskan and Oroch.
In addition, it also offers a new 24-month Flex financing line with installments starting at $49,999 for every $1,000,000 of financed amount.
The maximum amounts to finance are adjusted according to the model: $9,000,000 (Sandero, Stepway and Logan) and $13,000,000 (Kangoo Express, Alaskan and Oroch).
Volkswagen. It offers 0% financing for the Nivus, T-Cross, Saveiro, Amarok V6 and Taos models, for 12 or 18 months, depending on the model.
On the one hand, customers interested in Amarok V6 can opt for a 0% rate with 18 installments with a financing limit of $12,000,000, or for a UVA system, also with 18 installments, which allows financing up to 50%. of the value of the pickup, in any of its equipment levels.
On the other hand, the Nivus, T-Cross, Saveiro and Taos models are marketed with a 0% rate in 12 months and with a financing limit of $5,000,000.
