In 2024, vehicle financing had the best start to the year since 2012. Sales of new and used vehicles with bank financing totaled 1 million units in the first two months of the year, according to data from B3. With the market booming in this sense, the question arises: is it really worth financing a car? Or is it better to have a car on a subscription basis? Or not have a car at all and only get around via app, like Uber?
Many say that, due to the weight of financing interest, looking for cars via subscription can be a much more attractive alternative. Others argue that neither of the two alternatives is advantageous and it is better to use transport apps. And there are those who say that financing or the consortium will bring more advantages, even with the volume of interest.
The O Tempo report sought out an expert to make this calculation and help understand which scenario each option fits into as most advantageous for the consumer. For financial consultant Silvio Azevedo, you need to be very careful when making comparisons.
One of the scenarios outlined by Azevedo is financing a brand new vehicle compared to the same vehicle in the subscription car option. Taking the example of a 1.0 vehicle, whose market value is R$80,990, with financing at a rate of 1.5% per month, for 36 months, it will cost R$103 thousand. Adding expenses such as maintenance and insurance, the total expense would be approximately R$119,000 at the end of three years.
The same car, in subscription mode, at a car rental company in Belo Horizonte, can be rented, over the same period of 36 months, for R$ 72 thousand in total (R$ 2,000 per month, including maintenance and vehicle insurance costs). vehicle, generally offered by the rental company). Neglecting the cost of gasoline, which will be the same for both, seems more advantageous, right? Wrong.
At the end of three years, the financed car continues to be a negotiable asset. “Taking into account that cars depreciate 10% per year, it goes from R$80,000 to approximately R$72,000 in the first year, R$65,000 in the second and R$59,000 in the third. When the owner goes to sell, even having paid R$119 thousand, he will still have an asset worth R$59 thousand”, he calculates. In short, in this specific comparison, financing will be more economical by R$12 thousand (119 thousand – 59 thousand = 60 thousand expenses, against 72 thousand spent on rent). Including, Financing will be advantageous if the intention is not to change cars every three years.
On the other hand, if the comparison is not, in Azevedo’s words, “orange with orange”, that is, identical, renting can be advantageous, if it is a case of downgrade (exchanging a more expensive car for a cheaper one). Silvio Azevedo explains that, in cases where a person exchanges a car that costs, for example, more than R$ 140 thousand, whose maintenance and insurance costs can exceed R$ 18 thousand per year, for a popular car, whose rental is R$1,600, renting becomes a much more economical situation.
And if I just want to take an Uber, is it worth it?
In the case of app cars, the calculation needs to be different and take other details into consideration, such as the distance between home and work. “Uber in BH costs R$1.64 per km traveled. Taking, for example, R$2,000 in rent, divided by 1.64, this gives around 1,200 km driven per month”, calculates Azevedo. He explains that, in this case, one must take into account how many kilometers the person would spend per month to travel from home to work. “Considering 22 days worked per month, pFor those who commute up to 55 km per day, Uber is worth it”, he states.
“Financially, Uber is the best, but it is less convenient. And then, we have to consider what is most important today. For a single person, without a doubt, an Uber, for a married person, he has to evaluate if they’re going to take their wife to work, if their wife is going to take their guy to work, if they’re going to have to have two cars, if they’re going to take their kids to school. This changes a lot, and for a family, convenience makes a lot of difference”, he points out.
The issue of comfort is also a notion that varies from person to person. “If you don’t mind waiting a little while, planning to leave a little earlier or a little later, Uber will always be worth it,” he says.
And then, in this case, comparing Uber and financing, What matters is looking at the family’s needs and the conditions for investment. The expert explains that, when taking out financing, there are several items that need to be taken into consideration, as, in the end, continuing to drive via app may be the best option.
What to observe?
- KM home-work
- Vehicle economy with gasoline
- Parking cost
- IPVA value
- Maintenance
- Safe
- Portion of financing
Rent x Uber
Silvio Azevedo remembers that, when renting, the rental price also takes into account how many kilometers the renter will travel per month. Rental companies usually charge different prices for the volume of vehicle use and the renter contracts a fixed mileage number. “In the case of a rental car, you still pay the excess for the mileage you drove above the contracted amount,” he notes.
He considers that, most of the time, Uber will be more advantageous than renting, however, the greater the distance, the less it is worth (because, in the end, the value with long distances will be much more expensive). And for those who have decided to rent a vehicle, it is important to check all clauses in the contract. “Check all the things that are covered as the maintenance cost is usually just the basics and there is still the issue of excess mileage,” he says.
Tags: Financing renting car Uber advantageous
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