Half of New Vehicles Sold In Costa Rica Are Financed

Q COSTA RICA – Here is something that is of no surprise to most in Costa Rica, about half of the 147,000 new vehicles sold in Costa Rica between March 2106 and December 2017, were financed.
Image for illustrative purposes
An analysis of the vehicle fleet in Costa Rica by the Business Intelligence Unit at CentralAmericaData.com reveals that placement of loans for vehicle purchases during the period between March 2016 and March this year amounted to US$1.2355 billion.
Analyzed were 344,000 sales and purchase transactions of vehicles registered in the time period.
Of the total, 147,000 transactions were for vehicles registered for the first time. About 50% of these transactions were made by way of some form of financing, supported by loans registered on title.
The remaining transactions relate to

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