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Brazil: Buy a car, pay in 60 months and never get out of debt

Categories: Latin America, Brazil, Economics & Business

There seem to be more and more adverts trying to convince customers that it is a good idea to buy a car and pay for it in 60 monthly instalments. Chico [1] [pt] takes a look at one ad that offers a laptop, a palm or a DVD player and concludes that it only helps the customers to get into debt: “There is not price for pleasure that a new car gives you. I completely agree with this! However, the pleasure to make sure you guarantee health for your finances is a thousand times better. Find ways to make interest favour you, not to work against you.”