Many people share the belief that buying a car is a good investment because it is part of their financial goals. Surely you have heard it before, first the car and then the house or apartment. Although this approach pursues the security of a patrimony, being assets of high value, a credit commitment of several years must be assumed for its liquidation.

Today, families have more and better options to invest their money. For example, the growth of the Fintech sector has allowed digital peer-to-peer lending platforms to offer higher returns than traditional options. And

Today we will share one of those success stories:

We will call our client John. Juan decided to sell his 2010 Golf GTI car in March 2018 and invest the $240,000 pesos earned in La Tasa. Over the course of 12 months he let his investment pay off, achieving returns of $38,400. However, its transportation expenditure stood at $192.50 pesos per day, which added up to $70,260 in total.

After a year, Juan obtained from his investment $ 278,400 pesos, minus the cost of his transfers, he was available $ 208,140 net. At first, it would seem that our protagonist made a bad decision because at the beginning he had $ 240,000 and if he had kept his car, he would not have had to make extra expenses in transfers, do not you think?

Let’s look at the opposite case:

Let’s think that Juan did not sell his car and in March 2019 the cost of it would have been reduced to $ 216,000, according to data from the Blue Book, the result of the depreciation of the asset. Up to this point it seems that it would have been more convenient to keep the vehicle, however, we must subtract other expenses that occurred that same year.

After 12 months, Juan would have spent $13,200 on gasoline, equivalent to $253 pesos per week. Additionally, other disbursements would accumulate such as $ 4,356 for possession, $ 11,844 for car insurance, $ 972 for the corresponding verifications and approximately $ 626 pesos per month or $ 7,512 per year for general services of the car.

When adding all the expenses of the car we obtain $ 37,884 which, when compared with the current value of the vehicle, results in $ 178,116 pesos net. This means that both depreciation and everything involved in maintaining the car hurt the total value of John’s property. Interesting, isn’t it?

Then?…

Once we review both scenarios, $ 208,140 versus $ 178,116, we see that the distance of $ 30,024 pesos will continue to increase because next year investments will continue to generate returns while the car will continue to depreciate. Juan made the good decision to invest in La Tasa, as his capital will continue to grow, he will recover the value of his car and make more profits.

Like John, you could be the next success story. If you have accumulated money and want to prevent it from losing its value, come to us and invest in La Tasa.

If you currently have problems of delay in your auto credit, approach us and an advisor will provide advice for your case.