{"id":119725,"date":"2018-12-04T19:40:05","date_gmt":"2018-12-04T19:40:05","guid":{"rendered":"https:\/\/dr1.do\/?p=119725"},"modified":"2018-12-12T18:09:39","modified_gmt":"2018-12-12T18:09:39","slug":"rd5-3-billion-to-finance-new-vehicles","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2018\/12\/04\/rd5-3-billion-to-finance-new-vehicles\/","title":{"rendered":"RD$5.3 billion to finance new vehicles"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignleft is-resized\"><img loading=\"lazy\" src=\"https:\/\/dr1.do\/wp-content\/uploads\/2018\/12\/Auto-Feria-Popular-logo-144x144.jpg\" alt=\"\" class=\"wp-image-119355\" width=\"300\" height=\"300\"\/><\/figure><\/div>\n\n\n\n<p>Loans for industry and business are relatively scarce and costly in the Dominican Republic, but getting a loan to purchase a luxury car is a breeze. Major banks in the Dominican Republic frequently hold major financing fairs to offer low cost financing of around 9% a year for the purchase of vehicles. Loans for industry contrastingly are at around 14% interest rate. <\/p>\n\n\n\n<p>Auto Feria Popular announced it had cleared financing deals for RD$5.3 billion in the four-day fair held over the past weekend. This is enough to finance around 3,880 new vehicles (2019 or 2018 models) at an average of RD$1.4 million each. The most sold vehicle is the SUV, as reported in El Dia. During the fair, 22 vehicle import companies participated exhibiting 27 new models. <\/p>\n\n\n\n<p>Read more in Spanish:<br><a href=\"http:\/\/eldia.com.do\/auto-feria-popular-financia-rd5305-millones-en-4-dias\/\">El Dia<\/a><\/p>\n\n\n\n<p>4 December 2018<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Loans for industry and business are relatively scarce and costly in the Dominican Republic, but getting a loan to purchase a luxury car is a breeze. Major banks in the Dominican Republic frequently hold major financing fairs to offer low cost financing of around 9% a year for the purchase of vehicles. Loans for industry &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2018\/12\/04\/rd5-3-billion-to-finance-new-vehicles\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[22,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/119725"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=119725"}],"version-history":[{"count":3,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/119725\/revisions"}],"predecessor-version":[{"id":120020,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/119725\/revisions\/120020"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=119725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=119725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=119725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}