More than 60 car dealers nationwide and 167 Banco Popular branches are participating in the Autoferia Popular offering low-cost financing for vehicle purchases.
The fixed rates are: 5.75% at 6 months; 6.95% at 12 months; 7.75% at 3 years; 8.95 % at 5 years and a special fixed rate for hybrid and electric vehicles from 4.75%.
The event is held from Monday, 29 November 2021 until Sunday, 5 December 2021.
Buyers can finance up to 90% of the vehicle’s value and begin payments in January 2022. Financing can be stretched to seven years. There are also discounts on insurance through Seguros Universal, and special conditions for financing electric vehicles.
Autoferia Popular exhibits the largest catalog of ECO vehicles in the market, with more than 40 hybrid and electric models available.
There are promotional bonuses: 500 Sunix fuel vouchers and 1,000 kilometers of free EverGo recharging for the first 100 electric vehicles.
The low-cost financing offered at the Autoferia Popular is much lower than available at the same bank for productive activities. The low-cost vehicle financing has been available for years in the Dominican Republic. The easy and low cost credit has translated into major traffic jams in urban areas.
The Autoferia Popular follows the previous car vending fair organized by the governmental Banco de Reservas.
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Acento
30 November 2021