The Institute of the National Housing Fund for Workers (Infonavit) allows Mexican workers different options to acquire and buy a house or apartment, according to their salary and seniority contributing to Social Security.
But, Did you know that in addition to being able to buy your house, you can also use this credit to buy a car?Well, despite the fact that this is not the objective of the institution, there is an indirect way to achieve it and here we are going to tell you how it can be done.
What can I do to buy a car with my Infonavit credit?
According to Infonavit, there is an indirect way to buy a car with said credit, but It is important that the workers interested in doing so meet the requirements indicated in the credit contracts and that they have a good credit history and a stable income..
The alternative consists of request a personal loan at a financial institution that accepts Infonavit credit as collateral. It is important to note that when using the estate is put at risk, so it is important to make sure you can pay the loan to prevent the house or apartment from being repossessed; and carry out this movement with total responsibility and commitment.
Purchasing process
- The first step to buy a car with the Infonavit credit is verify that the accumulated amount of the same is sufficient and, if not, wait for what is necessary to accumulate.
- Subsequently, the search for the car you want to buy is carried out, verifying that the seller accepts the Infonavit credit as a form of payment.
- Once you have chosen the car, continue contact the dealer to indicate the steps and procedures to follow for purchase. Once this is done, the car is delivered and the financing must be paid to Infonavit.
Likewise, there are various Mexican institutions with which you can finance a car.such as the Banco Nacional de Comercio Exterior (Bancomext), Nacional Financiera (Nafin) and the Fondo Nacional de Fomento al Turismo (Fonatur), which also have their own specific conditions and requirements for this process, so it is important to investigate among these options to decide which one best suits your needs.
In addition, some dependencies, unions or organizations of pensioners, such as the ISSSTE, offer the Personal Loan Form for the Acquisition of Automobiles.
OA
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