A very common question that many people have been asking is: "Is it possible to buy a car with..." name "Is your name on the SPC [Brazilian credit bureau]?" To the surprise of many, the answer is yes! However, making a purchase becomes a bit more complicated when the person has a negative credit history. 

This is because dealerships and finance companies are afraid that the customer will not be able to pay for the car they bought. 

Before showing you how to buy a car with a bad credit history, we'll tell you upfront that acquiring a vehicle in this situation can be quite difficult. 

This happens simply because all financial institutions consult credit bureaus before approving financing. 

The practical purpose of this measure is to check if the person interested in buying the car has any outstanding debts with SPC or Serasa (credit bureaus). 

Typically, when there are any outstanding issues with these agencies, it becomes more difficult to buy your car. 

However, there are some alternatives to buying your dream car, even with your name on the SPC (Brazilian credit bureau). 

Shall we check it out?

There are many reasons why a person might have their name on the SPC (Brazilian credit bureau).

And this is one of the main obstacles to realizing dreams that require financing, such as buying a car, for example. 

However, while this is indeed a difficulty, it is not something entirely insurmountable. 

If you are truly determined to buy a car, even if your name is on the SPC (Brazilian credit bureau), know that we will help you. 

Discover now the methods that actually work to buy your car, even with a bad credit history. 

This is one of the best options for buy a car with your name on the SPC (Brazilian credit bureau). However, it can be a little difficult. 

That's because choosing a third party to finance a car requires that person to be trustworthy. 

Furthermore, the person needs to agree to it, which may not always be the case. 

It's also worth noting that until you finish paying off the loan, the car will remain under lien and registered in the buyer's name. 

Although it is possible, caution is needed when engaging in this type of business. 

Ideally, a relative, spouse, children, or even a close friend should be chosen for this type of negotiation. 

An important tip here to prevent the deal from falling apart is to have a purchase and sale agreement registered at a notary's office. 

In the contract, it's important to make it clear that you are buying the car and that it will be transferred to your name as soon as you finish paying off the financing. 

This is another possibility for buying a car even if you have a bad credit history. 

If you have a good, stable income, it's possible, and there's a very good chance, that you'll be able to finance your car through a smaller finance company. 

But for this strategy to work, the car payments must represent less than 30% of your gross monthly income. 

However, a word of warning is necessary beforehand: you will likely need to be somewhat persistent and approach several financial institutions before one agrees to provide the financing. 

It is these smaller, well-known companies that may end up accepting your financing. 

But that will only happen if you can prove that you are able to pay all the installments. 

But remember, your income needs to be considered good and stable, and the installment amounts cannot exceed 30% of your budget. 

If you own a company, one option is to buy the car using the company's tax ID (CNPJ) instead of your personal tax ID (CPF). 

However, it's important to note that the purchase will only be possible if your company has no outstanding issues with the Internal Revenue Service. 

For this type of situation, you can buy the car as company property, and since you own the company, you can use the car however you prefer. 

This is another very interesting and functional way to buy a car even if your name is on the SPC (Brazilian credit bureau). 

One of the reasons why banks and financial institutions are wary of selling to people with a bad credit history is that they have a history of not honoring their debts. 

But there is a way to change this distrust: Present a beautiful appetizer and things will change. 

That's because The company will realize. That you are willing to enter into this negotiation and they will have the guarantee that they will not be left without payment. 

Therefore, it is advisable that you save money until you have a good amount so that it can be a substantial enough down payment for this purchase. 

Ideally, you should be able to put down at least 30% to 50% of the value of the car you want to buy. 

If you feel it's necessary, you can also seek help from a finance expert, or from close friends who are experienced in this type of negotiation. 

It's always good to go with someone you know to feel safer and thus inspire confidence in the lender. 

Everything we've shown you are simply options to help you actually buy your car even if your name is on the SPC (Brazilian credit bureau).

But of all the options, the best one is, without a doubt, to clear your name before trying to buy a new car. 

That's because it will always be easier to get financing with the best conditions!

Therefore, trying to renegotiate the debt that caused your name to be tarnished is a great option to get a green light from the finance company. 

Try to reach an agreement with the creditor so that the payment fits within your budget. 

Furthermore, it is possible to wait for the debt to expire, which can take up to five years, or even contest it in court. 

Having a clean record is the desire of many people, since it helps in a number of ways. 

Having no debt of any kind is currently the best way to be able to buy cars and houses, as well as access services and products, such as lines of credit.

If you want to buy a car, but don't yet have a clean credit record to complete the legal and bureaucratic process, the step-by-step process to clear your name is much easier than you might imagine. 

The Procon website, for example, explains how this can be done. 

If you are interested in clearing your name in order to buy your car, go to the Procon (consumer protection agency) office with your CPF (Brazilian individual taxpayer registration number) and RG (Brazilian national identity card) numbers in hand to request that the process of clearing your name proceed. 

Furthermore, it is possible to request a consultation through a power of attorney or use certain websites to find out if your name is included in the negative registry and request debt renegotiation. 

It's simple, fast, and functional. 

Now that you've learned the different ways to buy your car even with a negative credit history, don't waste any more time. 

Put into practice the measure you liked best and fulfill your dream of owning a new car, even with a negative credit history! 

Another way to buy a car even with bad credit is by auction method. 

Due to negative reputations and high prices, many people have been looking for their cars at auction. 

To help you get your car, we've written an article with foolproof tips for getting a good deal at a car auction. 

To check it out, just click below!