If you read Part 1 of this content, you already understand the advantages of having Itaú vehicle financing. Now the most important moment has arrived: knowing how to hire, which documents to present, how to do the ideal simulation and increase your chances of approval.
This is a complete and up-to-date guide with essential information to help you drive the car of your dreams. security, planning and tranquility.
Step by Step Guide to Financing a Car at Itaú
1. Run the simulation
You can simulate financing quickly and free of charge through the bank's digital channels:
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- Itaú App (available for Android and iOS)
- Itaú's official website
- Physical agencies
- Partner dealerships with direct integration to the bank
In the simulation, you enter the price of the desired car, choose the down payment amount, and set the number of installments. The system will display the available financing options and the estimated installment amount.
Tip: Run several simulations with different inputs to see how this impacts rates and the total financing amount.
2. Submit the required documents
After simulating and choosing the best option, you'll need to submit your documents. This can be done through the Itaú app or in person at an accredited branch or store.
Required documents:
- Photo ID (RG or CNH)
- CPF
- Proof of residence (up to 90 days)
- Proof of recent income (pay stub, bank statement, income tax return, etc.)
For self-employed or MEIs:
- Income statement
- Bank statements from 3 to 6 months
- Issued invoices or receipts
If you are already a bank customer, much of this data will already be in the system and the process will be even faster.
3. Wait for the credit analysis
Itaú will analyze your profile to ensure you can afford the installments. This analysis is usually quick and can take anywhere from minutes to one business day.
The bank assesses:
- Your credit score
- Your payment history
- If there are outstanding debts in your name
- The compatibility of the installment with your income
Important: A good financial history significantly increases your chances of approval and reduces interest rates.
4. Digital signature of the contract
With the proposal approved, Itaú makes the digital contract available for you to read at your leisure and sign electronically. This process is completed securely via the app or online banking.
The contract includes all conditions, such as:
- Financed amount
- Number of installments
- Interest rate applied
- Late fees
- Advance payment clauses
5. Release of the amount and collection of the vehicle
Once the contract is signed, Itaú releases the funds directly to the selling store. From there, simply schedule pickup and enjoy your new acquisition.
The vehicle will be left with fiduciary alienation to the bank until you pay off the debt, at which point the property will be yours.
How to Increase Your Chances of Approval
Want more peace of mind when applying for financing? Here are some valuable tips:
- Avoid making too many credit inquiries in a short period of time.
- Have a robust entrance – the higher the risk, the lower the risk for the bank
- Keep your accounts up to date
- Avoid committing more than 30% of your income to debt
- Update your registration data with Itaú
Extra tip: Those who have had an Itaú account for a longer period of time or use services such as cards and pension plans have a greater chance of approval and better rates.
Practical Simulation Example
See the estimated simulation of a vehicle worth R$ 60,000.00:
| Prohibited | Installments | Installment Value | Total with Interest |
|---|---|---|---|
| R$ 18,000 (30%) | 48x | R$ 1,180.00 | R$ 56,640.00 |
*Simulated values based on average rates. Consult Itaú for actual values.
Common questions
Is it possible to finance 100% of the car's value?
Yes, but it depends on your financial profile. A down payment, even a small one, always helps with approval.
Can I pay installments in advance?
Yes! You can pay off installments or the entire contract early and get a discount on future interest.
Can someone with a bad credit history finance?
It's very difficult to get approval with a negative credit history. Ideally, you should regularize your situation before applying for credit.
Conclusion: The Path Is Open
Now you are ready to take the next step safely! Itaú vehicle financing combines agility, customization, technology and trust in a single product.
Whether you're an employee, self-employed, or an entrepreneur, the bank has tailor-made solutions to make your dream of owning a car a reality—with fair rates and quality service.