New and used car prices have skyrocketed in recent months, outpacing inflation measured by the IPCA (National Broad Consumer Price Index). The moment is not good for those who want finance a vehicleas interest rates in the country reached their highest level in five years.
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On average, the increase was 18.24% in the twelve months through March, while the IPCA was around 11.3%. At face value, used cars today are worth more than they were when they were purchased.
The rate for vehicle financing varies from 14.6% to up to 56% per year, according to the Central Bank. Tip for anyone who wants avoid financing interest is to take advantage of investment income and save to pay in cash.
“It’s true that saving up to buy a car later has the downside of giving up that comfort for a few months. It is always possible to invest, even in the most difficult environments. And now, the scenario is more favorable to the more conservative investor, the one who likes fixed income more and has aversion to risk”, says Thiago Godoy, head of financial education at Xpeed School.
Zero car without financing
The same interest rate in Brazil that makes the financing part more expensive increases the profitability of fixed income investments. This means that Treasury Selic, DI funds, CDBs and LCIs are generating higher returns than a year ago.
“The investment helps the investor to reduce this waiting time because the income from the applications accelerates the accumulation of capital”, says Antônio Sanches, investment specialist at Rico.
Experts point out the step by step for those who want to buy a new car with a return on investment. Check out:
To plan: as the scenario is favorable for more conservative investors, it is time to bet on fixed income and plan financially.
Separate the application value: a good rule to follow is the 60-20-20. For every R$100 that goes into the budget, R$60 goes to essential expenses, R$20 to financial priorities and investments, and R$20 to leisure and shopping.
Choose where to invest: the ideal is to choose alternatives that follow the IPCA, since the vehicle may undergo price readjustments during this period. If the plan is to buy the car within two years, the tip is to bet on the Selic Treasury. For longer terms, the IPCA Treasury is more recommended.
Be careful with deadlines: the investor may lose money if he needs to redeem the application before the agreed time. “These options can be interesting as long as the investor can match the maturity of the application with the deadline for acquiring the asset”, explains Godoy.
Consider vehicle costs: Finally, you need to consider the new expenses with the car in the garage, such as licensing, fuel, maintenance and insurance. All of this must go into the budget.