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Argentina’s Automakers and Banks Revive Zero-Interest Auto Financing

Manufacturers across the sector have reinstated no-interest credit, prompting lenders to introduce new loan lines to stimulate sluggish sales.

La industria automotriz argentina se encuentra en pleno auge
Kia este año lanzó modelos como el K3 en el mercado local
Automotrices reactivaron la financiación a tasa 0%
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Overview

  • Renault, Stellantis, Chevrolet, Nissan, Volkswagen and Ford have relaunched zero-interest financing plans on new vehicles, offering loans from 10 million to 25 million pesos with terms up to 24 months.
  • Major pickup models—including the Ford Ranger, Chevrolet S10, Volkswagen Amarok, Renault Alaskan, Fiat Strada, Nissan Frontier and RAM Rampage—are available under 0% credit this month.
  • Financed purchases accounted for 48% of all new car sales in June, according to SIOMAA data, highlighting the industry’s reliance on subsidized loans to counter a 35% drop recorded in Q1 2024.
  • Toyota Argentina is the sole major manufacturer opting out of the zero-percent financing strategy on new vehicles.
  • Banks such as Santander have rolled out zero-interest loan programs for models like the Kia Seltos, featuring UVA-indexed terms and fully subsidized administrative fees.