Tuesday, October 23, 2012
CEF Announces credit line of up to 100% with 2.1% interest for new motorcycles
Caixa Economica Federal announced yesterday, 03 October day, a new line of credit for new motociletas above 100 cm3
Named "best new bike" credit line will finance up to 100% of the value of the bike and will accept up to 36 installments with interest rate of 2.1 percent per month.
ABRACICLO, the Brazilian Association of Manufacturers of Motorcycles, Scooters, mopeds, Bicycles and the like, believes that other financial institutions will do the same by reducing interest, lengthening the term of the financing, and the main, not asking for any input value, which is what obstructs the purchase of new motorcycles, since 85% of sales are made for motorcyclists of classes C, D and e.
In August, the retraction of two-wheel sector production in Brazil reached 18.2% and 16.1% wholesale sales, compared with the same month last year. And the main question pointed to by ABRACICLO is exactly the reduction of consumer credit.
