Owning a car remains one of the greatest desires of thousands of Brazilians. Whether for work, seeking greater comfort in daily life, or ensuring autonomy for the family, a vehicle has gone from being a luxury to an essential tool.
But what happens if your credit history is restricted? Is it still possible to access this type of credit?
The good news is that, with the new guidelines adopted by financial institutions, this scenario is changing.
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Bradesco, one of the largest banks in the country, has invested in more comprehensive analyses and criteria that evaluate much more than just a negative financial history.
In this article, we'll show you how Bradesco vehicle financing works, what documents are required, the types of credit available, and provide helpful tips for those who want to start the process better prepared.
A New Vision on Credit
For a long time, those whose names were listed on defaulting credit registries like SPC or Serasa faced significant barriers to obtaining any line of credit. However, technological advancements have enabled the creation of more intelligent and personalized credit assessment systems.
Bradesco has adopted this model in its financing policy. This means that credit analysis now considers aspects such as:
- Current proof of income, even if informal;
- Recent history of bank transactions;
- Proportionality between monthly income and the value of the installments;
- Possibility of offering guarantees such as a down payment or paid-off vehicle;
- Relationship profile with the bank, if applicable.
In other words, the institution seeks to understand the client's current situation, not just their financial past.
What are Bradesco's Differentiators?
In addition to the trust that the institution's name already carries, Bradesco offers some advantages for those seeking vehicle financing:
- Service throughout the national territory;
- Partnerships with several dealerships;
- Possibility to simulate and contract online;
- Competitive interest rates, adjusted to each client’s profile;
- Long payment terms, with the possibility of up to 60 installments.
Another important point is flexibility regarding the down payment. Depending on the customer's profile and negotiations with the partner store, the customer can offer a reduced down payment or even installments.
Is It Necessary to Have Formal Income?
A common question among interested parties is whether formal income is required. Many people are self-employed, freelancers, or individual microentrepreneurs (MEI). In these cases, Bradesco allows customers to prove their financial capacity through other means, such as:
- Bank statements with consistent transactions;
- Proof of receipt via transfers (such as Pix or TED);
- Activity statements, such as MEI or simple receipts;
- Proof of regular receipts, even without an employment relationship.
The most important thing is to show concrete signs that you have a stable monthly income to cover the mortgage payments.
Available Financing Types
Bradesco offers a variety of vehicle loan options to meet the needs of a wide range of customers. The main options include:
Direct Consumer Credit (CDC)
This is the most well-known and traditional option. In this model, the customer purchases the vehicle and the total amount is financed directly with the bank. The car remains in trust with Bradesco until all installments are paid off.
Vehicle Refinancing
If the customer already has a paid-off car in their name, it is possible to use it as collateral to release credit — whether to purchase another car or for personal needs.
Leasing
In some cases, the bank offers a leasing model, in which the customer uses the car while paying the installments, but legal ownership of the vehicle is only transferred at the end of the contract.
These modalities offer terms that vary according to the individual analysis, and can reach up to 60 months, depending on the negotiation.
How to Simulate Financing?
For those who want to start the process, Bradesco offers simple and practical digital platforms. Customers can access the official website and follow these steps:
- Go to the vehicle financing section;
- Enter the value of the desired car;
- Enter the entry value (if applicable);
- Choose the number of installments;
- View the estimated monthly amount with fees included;
- Fill out the form with your personal and financial details.
After this step, the bank will conduct an analysis and contact you with available proposals. You will be informed of the required documentation as the process progresses.
Required Documentation
Regardless of the customer's history, they will need to present basic documents that allow for credit analysis. The main ones are:
- Photo ID (RG or CNH);
- CPF;
- Updated proof of residence (last 90 days);
- Proof of income (pay stubs, bank statements, informal income statement or MEI);
- Vehicle information (model, year, value, dealership details).
Having these documents organized before starting the proposal greatly speeds up the process and demonstrates commitment to the bank.
Tips for Those with Restricted Names
Although banks consider factors other than your credit score, it's still important to prepare. Here are some tips that can increase your chances of getting approved:
- Keep your bank account active, with consistent monthly transactions;
- Present a deposit, even if small, to reduce the amount to be financed;
- Choose a vehicle that is compatible with your current financial situation;
- Choose pre-owned vehicles, which tend to be more affordable;
- Be honest when filling out the data;
- Avoid requesting amounts that compromise more than 30% of your monthly income.
Security and Transparency
A crucial point when choosing Bradesco is security. Unlike companies that offer misleading promises of credit without consultation or proof, the bank operates legally, with clear rules, registered rates, and transparent contracts.
Choosing recognized institutions is always the safest way to avoid scams or abusive agreements.
Conclusion: Planning is Key
Financing a car with a restricted name requires attention, organization, and, above all, planning. Bradesco offers real opportunities for those who want to take this step responsibly, without falling for false promises and with the backing of a traditional bank.
If you need a vehicle to change your routine, resume projects, or simply make life easier for your family, understanding the financing process is the first step. With the right information, organized documentation, and a proposal that fits your profile, you can start your journey with greater confidence and clarity.