Move Brasil reduces eligibility for app driver vehicle financing

The Move Brasil program has updated its requirements to facilitate vehicle financing for app-based drivers and taxi operators. Under the new rules, drivers only need six months of active registration and a minimum of 100 completed trips on a single platform to be eligible, reducing the previous requirement of 12 months.

The program, part of a federal fleet renewal initiative, provides access to financing for new vehicles priced up to R$ 200,000. Eligible models include flex-fuel, electric, and hybrid vehicles. Interest rates are set significantly lower than market averages, ranging from 0.91% to 0.99% per month depending on the driver. Financing terms can extend up to 84 months, with a grace period of up to six months for principal payments.

While the program expands eligibility, final credit approval remains at the discretion of participating financial institutions, which must conduct individual risk and payment capacity assessments. Experts recommend that applicants prepare documentation such as bank statements, trip histories, and tax returns to improve their chances of approval.