{"id":205598,"date":"2023-10-24T08:29:58","date_gmt":"2023-10-24T12:29:58","guid":{"rendered":"https:\/\/dr1.com\/news\/?p=205598"},"modified":"2023-10-24T19:47:59","modified_gmt":"2023-10-24T23:47:59","slug":"billions-to-buy-new-vehicles","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2023\/10\/24\/billions-to-buy-new-vehicles\/","title":{"rendered":"Billions to buy new vehicles"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img src=\"https:\/\/dr1.com\/news\/wp-content\/uploads\/2023\/10\/Expomovil-Banreservas-El-Nuevo-Diario-1024x684.png\" alt=\"\" class=\"wp-image-205532\" width=\"600\" srcset=\"https:\/\/dr1.com\/news\/wp-content\/uploads\/2023\/10\/Expomovil-Banreservas-El-Nuevo-Diario-1024x684.png 1024w, https:\/\/dr1.com\/news\/wp-content\/uploads\/2023\/10\/Expomovil-Banreservas-El-Nuevo-Diario-300x200.png 300w, https:\/\/dr1.com\/news\/wp-content\/uploads\/2023\/10\/Expomovil-Banreservas-El-Nuevo-Diario-768x513.png 768w, https:\/\/dr1.com\/news\/wp-content\/uploads\/2023\/10\/Expomovil-Banreservas-El-Nuevo-Diario-1536x1026.png 1536w, https:\/\/dr1.com\/news\/wp-content\/uploads\/2023\/10\/Expomovil-Banreservas-El-Nuevo-Diario.png 1728w\" sizes=\"(max-width: 706px) 89vw, (max-width: 767px) 82vw, 740px\" \/><\/figure><\/div>\n\n\n\n<p>If there is something the Dominican Republic doesn\u2019t seem to need, it is more cars on roads characterized by 16-hour traffic jams. Regardless of this grim reality, the government&#8217;s commercial bank announced it closed deals to finance RD$7 billion in new vehicles. The Banco de Reservas says there were requests for the funding for RD$20 billion.<\/p>\n\n\n\n<p>For years, the Banco de Reservas has championed lending for purchasing vehicles at rates much lower than what is available to start a business or an industry.<\/p>\n\n\n\n<p>The Banco de Reservas during its most recent Expomovil Banreservas offered rates of 6.82% for electric cars for six months and 7.82% for one-year financing, 9.82% for three-year financing and 12.82% for five-year financing.<\/p>\n\n\n\n<p>Read more in Spanish:<br><a href=\"https:\/\/elnuevodiario.com.do\/expomovil-banreservas-informa-cierra-con-rd7000-mm-en-financiamientos-aprobados\/\">El Nuevo Diario <\/a><\/p>\n\n\n\n<p>24 October 2023<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If there is something the Dominican Republic doesn\u2019t seem to need, it is more cars on roads characterized by 16-hour traffic jams. Regardless of this grim reality, the government&#8217;s commercial bank announced it closed deals to finance RD$7 billion in new vehicles. The Banco de Reservas says there were requests for the funding for RD$20 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2023\/10\/24\/billions-to-buy-new-vehicles\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[319,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/205598"}],"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=205598"}],"version-history":[{"count":4,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/205598\/revisions"}],"predecessor-version":[{"id":205665,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/205598\/revisions\/205665"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=205598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=205598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=205598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}