For many Brazilians, purchasing a car without needing a down payment is a huge advantage, making no-down-payment financing a popular option.
However, another interesting modality is the automotive leasing, an alternative to traditional financing that also allows you to have a vehicle without paying an initial amount and with some additional advantages.
Next, we will learn more about leasing and highlight the three main companies that offer this modality in Brazil, to help you decide which is the best option.
What is the Automotive Leasing Plan?
THE automotive leasing It works similarly to a long-term rental.
In this modality, a financial institution or leasing company buys the car and makes it available to the customer in exchange for a monthly fee.
The customer uses the car, but it remains in the name of the leasing company until the end of the contract, when the user can choose to purchase the vehicle by paying a residual value, renew the contract or return the car.
This flexibility is one of the great advantages of leasing over traditional financing.
Advantages of Automotive Leasing Compared to No Down Payment Financing
- Flexibility at the End of the Contract
Leasing allows the customer to return, renew or purchase the vehicle at the end of the contract. With financing, the car is already owned by the customer, which may not be advantageous for those who want flexibility. - Lower Capital Commitment
Leasing payments are often lower than financing payments, since the customer pays for the use of the car and not for its permanent ownership. This can be ideal for those who want to avoid large monthly financial commitments. - Maintenance and Insurance Costs
In some leasing contracts, maintenance and insurance are covered by the company, while in financing, these expenses are the responsibility of the owner.
The Three Best Leasing Companies in Brazil
1. Santander Leasing
Santander is one of the main financial institutions in Brazil offering automotive leasing.
Focused on companies and individuals, Santander Leasing allows you to finance up to 100% of the car's value and has the advantage of not charging IOF (Tax on Financial Transactions).
Installments can be automatically debited from the customer's current account, which makes payment easier.
Furthermore, Santander offers competitive and flexible conditions, making it an excellent option for those who want flexibility at the end of the contract.
Differentials:
- Fixed installments with debit from current account
- IOF Exemption
- Flexibility at the end of the contract
2. Bradesco Leasing
Bradesco is another large institution that offers automotive leasing in Brazil.
The institution allows customers to lease both new and used vehicles and offers adaptable payment terms, which is especially advantageous for companies.
In addition, Bradesco Leasing offers options for renewing the contract, purchasing the vehicle or returning it at the end, ensuring the flexibility that many consumers seek.
Differentials:
- Leasing option for new and used vehicles
- Adaptable conditions for companies
- Flexibility with renewal, purchase or return at the end of the contract
3. Rodobens Leasing
Rodobens is a company specialized in leasing light, heavy and utility vehicles, and is the only one to offer operational leasing in Brazil.
Ideal for companies that need to renew their fleet regularly, Rodobens allows fleet outsourcing and offers additional services, such as scheduled maintenance and 24-hour assistance, which reduces the cost and concern of vehicle management.
Differentials:
- Operational leasing with a focus on fleet outsourcing
- Additional services such as maintenance and 24-hour assistance
- Customized solutions for companies
How to Choose Between No-Down Payment Financing and Automotive Leasing
The choice between no-down-payment financing and car leasing depends on your goals and needs.
Financing can be ideal for those who want to own the car from the start and are willing to deal with costs such as maintenance and insurance.
Automotive leasing offers a flexible solution with a lower monthly commitment, making it ideal for those who prefer to avoid vehicle depreciation or need an alternative that allows them to return or exchange the car at the end of the contract.
After all, is it worth buying a car without a down payment?
Both no-down-payment financing and automotive leasing are viable options for purchasing a car without an initial payment, but each has its own particularities.
Automotive leasing can be more advantageous for those looking for flexibility and lower monthly costs, while financing is ideal for those who want to own the vehicle outright.
If automotive leasing is your choice, consider the companies Santander Leasing, Bradesco Leasing and Rodobens, which offer competitive conditions and additional services that can meet your needs.
