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With the Selic Rising from 13.25% to 15%, the Installments of a Loan of R$ 40,000 Increased from R$ 1,325 to R$ 1,501 in Six Months.
The recent increase of the Selic rate to 15% in June 2025 had a direct impact on those looking to finance a used car. A simulation based on a 2016 vehicle model shows how the cost of the installments rose month by month since the beginning of the year.
The simulation considers the financing of R$ 40,000, with a down payment of 30% and installment payments over 48 months. Since January, the Selic has increased by 1.75 percentage points. It may seem small, but the accumulated difference in the payments shows that the increase weighs heavily in the long run.
The simulation was conducted by Canal Veículo Certo.
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From R$ 1,325 to R$ 1,501 in Six Months
In January 2025, when the Selic was at 13.25% per year, the value of the installments was 48 payments of R$ 1,325. The situation began to change in April when the Central Bank raised the rate to 14.25%. Consequently, the same financing began generating installments of R$ 1,422 — an increase of R$ 97 per month.
The following month, in May, the rate increased again, this time to 14.75%. The simulation reflected this new level with installments of R$ 1,480. And now, with the Selic at 15%, the payments reached 48 installments of R$ 1,501.
The total difference, when compared to the January scenario, is R$ 176 per installment. This represents an increase of R$ 8,448 in the total cost at the end of the four years.
Same Car, Much Higher Interest
It is important to emphasize that the vehicle used as the basis for this simulation is the same in all cases: a 2016 car. The financed amount also remained constant: R$ 40,000, with a 30% down payment based on the vehicle’s value.
The only variable was the Selic rate. And even without any change in the value of the vehicle or the down payment made by the consumer, the final cost increased significantly. This demonstrates how sensitive financing is to monetary policy decisions.
When the basic interest rate rises, banks and financial institutions pass this cost onto consumers. In practice, this means that any car, even a used one nearly 10 years old, can become thousands of reais more expensive over the financing period.
Trend Concerns Those Who Depend on Credit
With the Selic reaching 15%, many consumers planning to trade in their cars need to reconsider their plans. For those dependent on financing, the impact is immediate. Besides the installment values, the total effective cost becomes much higher, even if the vehicle’s price remains unchanged.
For those already paying a loan at previous rates, nothing changes. But for those looking to buy now, each additional percentage point of Selic could mean a much larger debt — and for a much longer time.
The rise of the Selic at this pace may drive many people away from the financed vehicle market.
