Several factors directly impact the interest rate on a car loan, such as your credit score, down payment amount, and the number of installments chosen. Furthermore, the type of vehicle (new or used) and your relationship with the bank also play a role. Therefore, before closing the deal, it's essential to run a personalized online simulation to understand how the bank assesses your profile.

It all depends on your financial strategy. Financing a new car usually has lower interest rates and more flexible terms, but the total cost will be higher. A used car is cheaper, but may have higher interest rates and additional maintenance costs. Evaluating the monthly installments and general terms of each option helps you make the best decision.

The online car loan simulation provides initial estimates, but amounts may change after a credit analysis. The bank considers factors such as previous debts, monthly income, and professional stability. Even small changes in your profile can affect credit approval and monthly installment amounts.

Yes, it's possible. Although a low credit score increases risk for banks, some institutions offer car financing at affordable rates, especially if you make a larger down payment or have proven income. Looking for banks that serve a diverse audience and comparing interest rates is essential to finding good opportunities.

When choosing monthly installments, consider your available income and the associated charges. Longer terms mean smaller installments, but higher interest rates. Shorter terms reduce the total cost but require a greater monthly commitment. Use a financing simulation to adjust the amounts to your current situation without compromising your financial health.