The new credit line for the purchase of new and used trucks will vary between 13% and 14%, as announced this Friday (19) by Vice President Geraldo Alckmin (PSB), also Minister of Development, Industry and Trade.
The percentages are lower than the average truck sales rate, which is around 22%. According to Alckmin, high interest rates make it difficult to purchase more expensive and heavier vehicles, putting employment in industry and commerce at risk. The percentage will also be lower than the Selic rate of 15%, the highest since 2006.
“The interest will be between 13 and 14% and will be cheaper when the truck is renewed. I take a truck more than 20 years old and I recycle it, I throw it away to help renew the vehicle fleet. This is important for the environment, because old trucks are very polluting, and for public health, because one of the main causes of death in Brazil are accidents.”
The credit line to finance the purchase of trucks was provisionally authorized on Tuesday (16). The new line will have, in total, R$10 billion for the purchase of vehicles, of which R$4 billion will be made available by the BNDES (National Bank for Economic and Social Development) and R$6 billion by the National Treasury. The objective is to allow the granting of loans at subsidized rates, below market cost.
The CMN (National Monetary Council) approved this Friday (19), during an extraordinary meeting, the credit line, with a resolution to regulate the financing.
The maximum annual interest varies depending on the risk classification, between 13.32% and 14.89%. Fees will also be reduced for operations proving that the vehicle is sent for dismantling and recycling.
Operations can be covered by the FGI (Investment Guarantee Fund), with guarantees of up to 80% of the amount financed. Financing of new trucks will only be permitted for domestically manufactured vehicles. Used cars will also have to prove their local content.
The composition between the money transferred by the Treasury and the BNDES’ own resources will result in what technicians call a “mix”, a mixture between subsidized sources and market sources. BNDES lines will be operated by approved establishments.
Truck drivers are important allies of former President Jair Bolsonaro (PL), suggesting a nod from the Lula government to the category on the eve of the 2026 elections.
According to the Treasury, the measure aims to address the high average age of the truck fleet, in addition to responding to the weakening of the truck sector, following a decline in production and sales throughout 2025.
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