Brazil Vehicle Rentals: Brazilian government studying to launch credit lines for ride-hailing drivers

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Brazil Vehicle Rentals: Brazilian government studying to launch credit lines for ride-hailing drivers

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Brazil Vehicle Rentals

Brazilian government studying to launch

credit lines for ride-hailing drivers

Industry Overview

BZ may introduce financing lines for ride-hailing drivers 13 May 2026 Corrected

On May 12, Minister of the General Secretariat of the Presidency Guilherme Boulos Equity

stated that the government could launch, in the coming days, credit lines aimed at Brazil

facilitating vehicle acquisition by ride-hailing and taxi drivers. According to the minister, LatAm Transportation and Capital

Goodsthe initiative would likely follow a structure similar to the Move Brasil program (see: BZ

govt to extend credit line for trucks & buses), offering more favorable financing Rogerio Araujo >>

conditions and reducing drivers’ dependence on rented vehicles. Research Analyst

Merrill Lynch (Brazil)

+55 11 2188 4255

rogerio.araujo@bofa.comLikely lower attractiveness for rent a car

We estimate that a two-year rental contract of a new vehicle is currently ~13% cheaper Gabriel Frazao >>

Research Analyst

than owning the same vehicle and remains economically attractive even with financing Merrill Lynch (Brazil)

rates as low as 15% (vs. ~13–14% in Move Brasil). Our assumptions include: 75% loan- +55 11 2188 4252 gabriel.frazao@bofa.com

to-value, ~28% interest rates (in line with BCB data), ~25% vehicle depreciation over

two years, annual costs (IPVA, insurance, maintenance) of ~10% of the vehicle value, and

a 15% opportunity cost. RaC: Rent a Car

Potential impact: negative read-through to RaC segments

We see a potential financing program for ride-hailing drivers as potentially negative for

car rental companies` (Localiza and Movida) RaC divisions.