The Move Brasil, a government initiative aimed at facilitating vehicle acquisition for taxi drivers and ride-share drivers, has reached only one-third of its established goal. As of Monday, the 26th, 65.8 thousand vehicles have been financed, according to data provided by the National Bank for Economic and Social Development (BNDES).
At the time of its launch in May, BNDES president Aloizio Mercadante had projected the sale of at least 200 thousand cars. The total amount of credit approved and contracted sums up to R$ 6.9 billion, representing approximately 23% of the total limit of R$ 30 billion made available by the program.
The Ministry of Development, Industry, Trade and Services (Mdic) assesses the performance as positive. According to the ministry, the sales volume exceeds more than three times what the sector would buy in four months at the usual pace, which was estimated by the National Federation of Automobile Distribution at 4.4 thousand vehicles per month.
It is important to note that simple acceptance into the program does not guarantee the loan; after registration approval, the driver must seek a financial institution, which will analyze their history and repayment capacity.
Rogério Rodrigues da Silva, a 44-year-old driver interviewed by Folha de S.Paulo, chose to replace his rented vehicle with a financed one. He reported that the monthly cost remained similar, but the big advantage lies in finalizing the contract with an asset that can serve as a down payment for a future car.
On the other hand, Júnior Santana, 50 years old, prefers to maintain the rental model, costing about R$ 3,600 per month. He travels approximately 300 kilometers daily, and the lease agreement covers expenses such as maintenance, tires, and suspension.
Over time, the program has undergone important adjustments: in August, the maximum value limit for cars was raised from R$ 150 thousand to R$ 200 thousand, and the maximum amortization period became 84 months. In September, the program was transformed into permanent law, which resulted in the reduction of the minimum registration time required for ride-share drivers from 12 to 6 months.
The maximum interest rates established are 12.6% per year for men and 11.5% for women, values considered lower than those practiced in the market, according to the Mdic. Banco do Brasil, the largest participant, reported that 54% of the financing granted to taxi drivers and ride-share drivers was destined for electric vehicles.
