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Fair’s 7.72% auto loan rate Dominican Republic’s lowest ever

Santo Domingo.- If you’re looking to buy a new car this weekend’s Expomovil 2013 auto fair is just for you, which with a 7.72% fixed rate for six months is the country’s lowest ever, when bought with a State-owned Reservas bank’s credit card.

First-time buyers also get bonuses of up to 2,000 points that can be used to purchase a variety of items.

“This benefit to new cardholders joins the attractive fixed financing rates of 7.72% for six months; 8.72% in 12 months and 11.72% at 24 months, to acquire a new vehicle from family or commercial use,” said Reservas general manager Enrique Ramírez, who said the fair is part of the activities to mark its 72nd anniversary.

The fair will run Friday through Sunday at more than 100 dealers in cities across the country, where Reservas representatives evaluate and immediately approve car loans.

Moreover, businesses can renew flotillas whether light, heavy, industrial and farm vehicles with the fair’s benefit, he said.

He added that Reservas loans from 70% to 90% of the vehicle’s price, depending on class and origin, and as long as six years to pay.

Source: DT

Category: DR News |

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Last updated December 6, 2016 at 12:34 PM
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