- Loans up to $28 million for the purchase of cars and motorcycles: what are the requirements?
The head of the city of Buenos Aires, Jorge Macri, announced the launch of one in the last hours new credit line for the purchase of 0 km electric or plug-in hybrid devices for owners of Taxis, carriage houses and delivery motorcycles.
The loan is granted through the City bank: for cars with amounts up to 28 million dollars for a maximum period of time 48 months, with a Fixed interest rate of 20% (TNA).
For buying motorcycles The maximum amount is $2,800,000 with a term of 36 months and a fixed interest rate of 22.5% (TNA). For the financing limit, the initial payment is $101,000.
Financing in both areas covers up to 70% of the vehicle value and an estimated fee-to-income ratio of 30% is established
“We have introduced special loans through Banco Ciudad so that the owners of taxis, carriage houses and delivery motorcycles can buy electric and plug-in hybrid vehicles 0 km“Macri pointed this out on his social networks.
The head of government of Buenos Aires claimed that “in the most advanced cities in the world the Electromobility It is already part of the city landscape. It reduces environmental impact, lowers costs for those who drive every day and, because it is completely silent, it improves city life.”
“In 2025, we took a big step to allow the private sector to add charging stations. Today, electric vehicles pay no registration fees and hybrid vehicles have a two-year exemption,” he added.
Macri explained: “This initiative is part of a comprehensive agenda of electromobility, which brings us closer to the city we want: more modern and competitive.”
Loans up to $28 million for the purchase of cars and motorcycles: what are the requirements?
- For taxis: You must provide a proforma invoice, a valid license with at least two years of professional experience and proof of income, with at least one year of registration as a monotributista or independent.
- For remises: Proforma invoice, proof of vehicle registration for 2 years and proof of income, at least one year of registration as a monotributista or independent and 6 months of experience in the category used to estimate income.
- For motorcycles: Proforma invoice, the holder must have a valid driver’s license in the city, be a monotributista with at least one year of registration and 6 months of seniority in the category used for income estimation and work on one of the platforms Delivery with seniority/continuity of one year.
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