It doesn’t make sense, but the government Banco de Reservas is again promoting its annual new car sales with a locally low 8% interest rate for those purchasing vehicles with Reservas loans. The Ban Reservas Expomovil is on from 26 to 30 October 2022.
In the inaugural speech, the general manager of the Banco de Reservas, Samuel Pereyra said the deals are so good that “not getting a car is not a possibility.”
For decades, after the government bank began lending at lower rates for car purchases than to industry and business, hundreds of thousands have made purchases of vehicles. Today, bottlenecks in urban areas are the order of the day. In the past, there were peak traffic hours, but traffic congestion is now extended throughout the day. People now have a car, but it is difficult to get anywhere by car without long hours in traffic jams.
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El Nuevo Diario
27 October 2022