Dollar loans for brand new cars: Which brands offer 0% financing and special plans?

With the support of the Executive Branch, the automotive market began to activate dollar-denominated financing options for the acquisition of brand-new vehicles . The first to take this step were Ford and Toyota , which have already presented their plans through partnerships with financial institutions.

Ford was the first to launch a special line through leasing, in partnership with The Capita Corporation (TCC), a Comafi Group firm specializing in this type of transaction. The scheme allows access to models from its catalog with 36- or 48-month terms and rates ranging from 6.25% to 7.25% per year.

Shortly after, Toyota responded with its own program focused on customers who operate in foreign currency . It did so in partnership with Banco Galicia, offering secured loans in dollars with fixed rates starting at 9% per year and the option of financing up to 90% of the vehicle's value over terms of up to 48 months.

This Friday, July 4th, Ford returned to the spotlight by announcing a new 0% interest rate financing option . The offer is aimed at customers who can prove income in dollars: exporters, agro-industrial companies, and registered legal entities or individuals.

" Today we are launching zero-rate options for 12 months and a 4.5% rate option for 24 months, both in dollars, in addition to our offering in pesos ," said Martín Galdeano , president of Ford Argentina and Ford South America. The announcement was made in conjunction with ICBC Bank , which is responsible for financing.

Ford's program applies only to domestic versions of its Ranger pickup truck, excluding imported variants like the Ranger Raptor . The 12-month plan allows financing of up to 50% of the vehicle's value interest-free. The other option is 24 months, also up to 50%, but with an annual interest rate of 4.5%.

In all cases, the requirements target individuals or businesses that generate income in dollars, limiting the scope to a specific market segment.

The Japanese automaker also highlighted the potential impact of this modality on the local market. " The possibility of financing in dollars stimulates the market and favors economic growth ," said Gustavo Salinas , president of Toyota Argentina.

According to the brand, the goal is to facilitate access to new vehicles and maintain sales growth in a context where financing in pesos continues to be limited by high interest rates.

The possibility of purchasing cars with financed dollars opens up a new scenario for the automotive sector. Although conditions are limited to specific buyer profiles, car manufacturers are seeking to take advantage of this opportunity to sustain domestic production and stimulate demand.

The measure is also part of the government's plan to promote investment and generate foreign currency, in line with its strategy to reactivate production through incentives for the private sector.