Cetelem Auto PT Financiamento de Veículos Cetelem Auto PT
4.90% TAE
- TAEG representativa: 4,9%
- Prazo do empréstimo: Até 84 meses
- Valor máximo do empréstimo: € 50.000
- Recurso principal: Candidatura online
Compare Car Finance in Portugal
Live offers across tracked providers in Portugal — updated daily from the Giraffy database.
Live offers
20 live offers compared from 20 providers, from 4.90% TAE. Updated daily.
Financiamento de veículos Ford Credit PT Ford Credit PT
5.50% TAE
- TAEG representativa: 5,5%
- Prazo do empréstimo: Até 84 meses
- Valor máximo do empréstimo: € 50.000
- Recurso principal: Financiamento apoiado pelo fabricante
Cofidis Auto PT Financiamento de Veículos Cofidis Auto PT
5.90% TAE
- TAEG representativa: 5,9%
- Prazo do empréstimo: Até 84 meses
- Valor máximo do empréstimo: € 50.000
- Recurso principal: Candidatura online
BPI Auto Portugal Financiamento de Automóveis BPI Auto Portugal
6.50% TAE
- TAEG representativa: 6,5%
- Prazo do empréstimo: Até 84 meses
- Valor máximo do empréstimo: € 50.000
- Recurso principal: Candidatura online
Santander Auto PT Santander Portugal
€6.90 % a.a. (TAEG)
- TAEG representativa: A partir de 6,90% TAEG
- Prazo do empréstimo: 12 a 84 meses
- Valor máximo do empréstimo: EUR 100.000
- Recurso principal: Financiamento ao Consumidor Santander; veículos novos e usados; concessionárias e particulares; solicitação online
Financiamento Automotivo Renault Finance PT Renault Finance PT
6.90% TAE
- TAEG representativa: 6,9%
- Prazo do empréstimo: Até 84 meses
- Valor máximo do empréstimo: € 50.000
- Recurso principal: Financiamento apoiado pelo fabricante
EuroBic Auto PT EuroBic Portugal
€7.10 % a.a. (TAEG)
- TAEG representativa: A partir de 7,10% TAEG
- Prazo do empréstimo: 12 a 72 meses
- Valor máximo do empréstimo: EUR 60.000
- Recurso principal: EuroBic (banco controlado por Angola); taxas competitivas para automóveis; aplicação digital
Empréstimo Automotivo BPI PT BPI
€7.20 % a.a. (TAEG)
- TAEG representativa: A partir de 7,20% TAEG
- Prazo do empréstimo: 12 a 72 meses
- Valor máximo do empréstimo: EUR 75.000
- Recurso principal: Banco BPI (grupo CaixaBank); simulação online; taxa fixa; todos os tipos de veículos
Santander Auto Portugal Financiamento de Automóveis Santander Auto Portugal
7.50% TAE
- TAEG representativa: 7,5%
- Prazo do empréstimo: Até 84 meses
- Valor máximo do empréstimo: € 50.000
- Recurso principal: Candidatura online
Millennium BCP Auto PT Millennium BCP
€7.50 % a.a. (TAEG)
- TAEG representativa: A partir de 7,50% TAEG
- Prazo do empréstimo: 12 a 72 meses
- Valor máximo do empréstimo: EUR 75.000
- Recurso principal: Millennium BCP; o maior banco privado de Portugal; taxa fixa; sem taxa de reembolso antecipado
Citroen Finance PT Financiamento de Automóveis Citroen Finance PT
7.90% TAE
- TAEG representativa: 7,9%
- Prazo do empréstimo: Até 84 meses
- Valor máximo do empréstimo: € 50.000
- Recurso principal: Financiamento apoiado pelo fabricante
Novo Banco Auto PT Novobanco
€7.90 % a.a. (TAEG)
- TAEG representativa: A partir de 7,90% TAEG
- Prazo do empréstimo: 12 a 72 meses
- Valor máximo do empréstimo: EUR 60.000
- Recurso principal: Novo Banco; taxas competitivas para veículos novos; solicitação online pelo aplicativo; taxa fixa
CGD Crédito Automovel PT Caixa Geral de Depositos
€8.20 % a.a. (TAEG)
- TAEG representativa: A partir de 8,20% TAEG
- Prazo do empréstimo: 12 a 72 meses
- Valor máximo do empréstimo: EUR 60.000
- Recurso principal: Caixa Geral de Depósitos; banco estatal; ampla rede de agências; todos os tipos de veículos
Financiamento de veículos Millennium Auto PT Millennium Auto PT
8.90% TAE
- TAEG representativa: 8,9%
- Prazo do empréstimo: Até 84 meses
- Valor máximo do empréstimo: € 50.000
- Recurso principal: Candidatura online
Financiamento de veículos Peugeot Finance PT Peugeot Finance PT
9.50% TAE
- TAEG representativa: 9,5%
- Prazo do empréstimo: Até 84 meses
- Valor máximo do empréstimo: € 50.000
- Recurso principal: Financiamento apoiado pelo fabricante
Financiamento de veículos Volkswagen Finance PT Volkswagen Finance PT
9.90% TAE
- TAEG representativa: 9,9%
- Prazo do empréstimo: Até 84 meses
- Valor máximo do empréstimo: € 50.000
- Recurso principal: Financiamento apoiado pelo fabricante
Financiamento Automóvel BMW Financial Portugal BMW Financial Portugal
10.90% TAE
- TAEG representativa: 10,9%
- Prazo do empréstimo: Até 84 meses
- Valor máximo do empréstimo: € 50.000
- Recurso principal: Financiamento apoiado pelo fabricante
Honda Finance PT Financiamento de Veículos Honda Finance PT
11.90% TAE
- TAEG representativa: 11,9%
- Prazo do empréstimo: Até 84 meses
- Valor máximo do empréstimo: € 50.000
- Recurso principal: Financiamento apoiado pelo fabricante
Mercedes Finance PT Financiamento de Automóveis Mercedes Finance PT
12.90% TAE
- TAEG representativa: 12,9%
- Prazo do empréstimo: Até 84 meses
- Valor máximo do empréstimo: € 50.000
- Recurso principal: Financiamento apoiado pelo fabricante
Financiamento de veículos Toyota Finance PT Toyota Finance PT
14.90% TAE
- TAEG representativa: 14,9%
- Prazo do empréstimo: Até 84 meses
- Valor máximo do empréstimo: € 50.000
- Recurso principal: Financiamento apoiado pelo fabricante
What is car finance in Portugal?
Car finance (credito automovel) is borrowing to buy a vehicle, repaid in monthly instalments. Portuguese buyers use several structures: a classic secured car loan, a hire-purchase-style agreement, leasing (renting with an option to buy), or manufacturer-brand finance offered at the dealership. The loan is usually secured against the car, and the rate is quoted as a TAN and TAEG. Terms typically run one to seven years, with the option of a final balloon payment on some products. Car finance spreads the cost of a new or used vehicle over time.
How the Portuguese market works
Two channels dominate: banks offering car loans, and captive finance arms of carmakers offering promotional dealer finance. Manufacturer finance often features low headline rates tied to buying a specific model, sometimes with a balloon payment (valor residual) reducing monthly costs. Banks offer standalone auto loans usable at any dealer or for private sales. Rates depend on whether the car is new or used, the term, deposit and borrower profile, and are capped by the Banco de Portugal maximum TAEG. Stamp duty applies to the credit.
Benefits
Spread the cost — pay for a vehicle over several years instead of a large lump sum.
Dealer promotions — manufacturer finance can offer low rates on specific models.
Flexible structures — choose a classic loan, leasing, or a balloon-payment deal to suit your budget.
Rate caps — Banco de Portugal TAEG ceilings limit the maximum you can be charged.
How to choose
Compare the TAEG across bank loans and dealer finance, not the headline TAN, and include all fees. Weigh a lower dealer rate against any obligation to buy at list price or a specific model. Consider whether a balloon payment suits you — it lowers monthly costs but leaves a large final sum. Check the deposit required, the total amount repayable, early-repayment terms (capped by law), and whether the finance is secured on the car. Confirm the offer sits within the Banco de Portugal cap.
Leading providers in Portugal
Manufacturer finance arms such as BMW Financial Portugal, Volkswagen Finance, Santander Consumer (Santander Auto) and Citroen Finance offer dealer finance tied to their vehicles. On the banking side, Caixa Geral de Depositos, Banco BPI, Millennium BCP and EuroBic provide standalone car loans usable at any dealer or for private purchases. Because captive finance promotions and bank loan rates differ, and the cheapest option depends on the car and deal, comparing the TAEG across both channels is essential.
What it costs
Car finance in Portugal is priced as a TAEG that the brief indicates ranges from around 4.9% on promotional or well-qualified deals to about 14.9% for higher-risk or used-vehicle finance, up to the Banco de Portugal ceilings. On top of interest, expect an arrangement fee, stamp duty on the credit, and possibly linked insurance. A balloon deal lowers monthly payments but adds a large final sum. Compare the total cost of credit and the monthly instalment, including any deposit required.
Protections and regulation
Car finance is regulated as consumer credit by the Banco de Portugal, which sets quarterly maximum TAEG rates, requires affordability checks and mandates standardised pre-contractual information (FIN). Borrowers have a 14-day withdrawal right and a legal right to early repayment with capped fees. Where the finance is secured on the vehicle, the lender may retain rights until the loan is repaid. Complaints can be escalated to the Banco de Portugal, and lenders must clearly disclose the TAN, TAEG and total repayable.
Common questions
Bank loan or dealer finance? — Compare the TAEG; dealer deals can be cheaper on specific models, bank loans are more flexible.
What is a balloon payment? — A large final instalment (valor residual) that lowers monthly payments but must be settled at the end.
Is there a maximum rate? — Yes, the Banco de Portugal caps the car-finance TAEG quarterly.
Can I repay early? — Yes, with a legally capped early-repayment fee.
The cheapest Car Finance in Portugal is €6.90 % p.a. (TAEG) from Santander Portugal.
Car Finance in Portugal — FAQ
What is the best car finance rate in Portugal right now?
Giraffy tracks 5 car finance products across Cetelem Auto PT,Ford Credit PT,Cofidis Auto PT,BPI Auto Portugal,Santander Portugal lenders in Portugal. The lowest APR tracked is currently €6.90 % p.a. (TAEG). Compare by APR to find the most cost-effective way to finance your vehicle.
What types of vehicle finance are available?
Common vehicle finance types include hire purchase (you own the car at the end), personal loans (borrow the cash outright), dealer finance, and leasing (no ownership). Compare total cost of credit — not just monthly payments — to find the most affordable option.
What credit score do I need for car finance?
Most mainstream lenders require a fair to good credit score. Specialist lenders offer car finance to those with poor or limited credit history, but typically at higher APRs. Check your eligibility using a soft-search tool before applying to avoid unnecessary hard searches on your credit file.
Can I get car finance with bad credit?
Yes — specialist lenders offer car finance to borrowers with a poor credit history, but at higher interest rates. A larger deposit reduces risk for the lender and may secure you a better rate. Improving your credit score before applying is the most cost-effective long-term approach.
What fees should I watch for on a car finance deal?
Watch for origination fees, documentation fees, prepayment penalties, and GAP insurance charges. These can add significantly to the total cost of a car finance deal. Always compare total cost of credit — not just the monthly payment or headline APR.
Is it cheaper to get car finance through a dealer or directly with a lender?
Dealer car finance is convenient but not always the cheapest — dealers often earn commission on the finance package. Comparing independent lenders via Giraffy before visiting a showroom gives you a benchmark rate. Arriving with pre-approved car finance puts you in a stronger negotiating position.
What happens if I want to settle a car finance deal early?
Early settlement typically involves paying the outstanding capital plus a settlement fee (usually 1–2 months' interest). Check the specific early repayment terms in your agreement before settling early.