This is how Mercado Libre will finance the acquisition of cars in Mexico Initially, the alliance between the marketplace and the lending organization originated in 2022, offering credits for the purchase of cars at automotive agencies. However, this new commitment will facilitate the acquisition of private cars, allowing the exchange from client to client Telegram Number to be financed. The credits will range from 50 thousand to 500 thousand pesos , in addition to having a down payment of 20% of the total value of the car, and making payments in deferred installments of up to 60 monthly payments. History of Mercado Libre: the great marketplace that revolutionized eCommerce in Latin America “At Mercado Libre we are constantly analyzing the purchasing experience of our users to improve each stage of their journey in the marketplace.
For this reason, we decided to expand our value offer, through our alliance with Creditas, to respond to the needs of people looking for new forms of financing to purchase vehicles up to 10 years old,” declared Jaime Ugalde , Country Head Marketplace Motors. At this time, the credit option is only available for users residing in Puebla , Morelos, Hidalgo, Tlaxcala, State of Mexico and Mexico City. Buying and selling cars will be more accessible to users Those Mercado Libre users in Mexico who are looking for financing for the purchase of cars must enter the platform and find the ad that best suits their needs and interests. Once you have identified the model you like the most, you must click on “I want to finance”, allowing Creditas to receive your information to carry out a pre-authorization with a maximum approved amount.