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Project under review in the Chamber proposes financing with a six-month grace period, a term of up to 72 installments, and facilitated access for app drivers, MEIs, and freelancers who depend on the vehicle to work and face difficulties obtaining traditional credit in the banking system.
App drivers, MEIs, freelancers, and service providers may gain a specific line of credit to finance the first used car as a work tool if the Bill 592/2026 is approved by the National Congress and sanctioned by the Presidency of the Republic.
The proposal, presented by federal deputy Marcos Pollon (PL-MS), creates the National Program My First Car and provides financing for vehicles up to R$ 90,000, with a payment term of up to 72 months and a grace period of six months before the start of installments.
Despite the direct impact on workers who depend on cars to generate income, the measure is not yet in effect.
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The project is under review in the Chamber of Deputies and, as of the most recent update, awaits analysis in the Committee on Roads and Transport, under the rapporteurship of deputy Geraldo Mendes (União-PR).
Who can participate in the My First Car Program
The program was designed to serve individuals who use or intend to use the car as a work tool, especially professionals who face difficulty accessing conventional financing due to not having proven formal income.
The expected beneficiaries include individual micro-entrepreneurs, freelancers, drivers of individual passenger transport by apps, and service providers who depend on a car to carry out their productive activities.
According to the project, the financing will be aimed at purchasing the first car in the beneficiary’s name.
The proposal also conditions access to a cadastral analysis but waives the formal proof of income, a point considered central to reaching informal workers or those with variable income.
How financing will work for MEIs and app drivers
PL 592/2026 establishes that the financed vehicle may have a market value of up to R$ 90,000.
In practice, this limit tends to cover entry-level cars and some of the semi-new ones used by professionals working in transport, deliveries, external services, or service provision.
The line of credit will have differentiated conditions, including reduced interest rates, a repayment term of up to six years, and a six-month grace period.
This initial interval would allow the worker to start using the car to generate income before taking on the monthly financing payment.
The operation of the program, according to the presented text, will be the responsibility of Caixa Econômica Federal.
The bank will also be responsible for contracting the car insurance during the contract term, according to the rules set out in the proposal.
Rules provided for vehicle transfer and ownership
To prevent the benefit from being used outside the intended purpose, the project prohibits the transfer of the vehicle during the first 36 months.
The exception occurs when the contract is paid off early and in full by the beneficiary.
As long as there are outstanding installments, the car will remain linked to the financial institution through fiduciary alienation.
In this model, the buyer uses the vehicle, but ownership is tied to the bank until the debt is fully paid.
The text also authorizes the creation or use of a specific guarantee fund to provide more security for operations.
The purpose is to reduce the financial risk of the program and facilitate the granting of credit to workers with limited banking history.
Impact of the project for app drivers
The proposal’s justification points out that many app drivers and self-employed professionals rely on rented vehicles to work.
This recurring cost, paid weekly or monthly, can reduce net income and complicate family financial organization.
With the possibility of purchasing the first car, the project author argues that some of these workers could replace renting with their own financing.
The change, according to the justification, aims to expand economic autonomy and reduce long-term operational expenses.
Nevertheless, the practical effects will depend on the final approved conditions, the rates actually offered, and Caixa’s analysis criteria.
As the project is still under discussion, no line of credit has been opened to the public based on this proposal.
Project processing in the Chamber of Deputies
PL 592/2026 was presented on February 19, 2026, and is being processed under the ordinary regime.
The matter was distributed to the committees of Transportation and Traffic, Finance and Taxation, and Constitution and Justice and Citizenship.
The proposal is subject to conclusive consideration by the committees. This means that if approved in these committees and there is no appeal for a vote in the Plenary, it may proceed directly to the Federal Senate.
Before becoming law, however, the project still needs to go through all the necessary legislative stages.
After the Chamber, the text must be analyzed by the senators and, if approved, sent for presidential sanction or veto.
An amendment to the project was also presented during the proceedings in the Committee on Roads and Transport.
Therefore, the final content may still undergo changes before eventual approval by Congress.
Project is not yet in force
Although the project provides detailed rules on value, term, grace period, and target audience, drivers and MEIs cannot yet contract the financing based on this measure.
The proposal depends on legislative approval and subsequent regulation to produce practical effects.
The main difference between the project and a law in force is precisely in the stage of proceedings.
As long as there is no approval in both Houses of Congress and presidential sanction, the conditions described function only as legislative forecasts.
For this reason, interested workers should follow the official proceedings before making financial decisions.
The eventual creation of the program will depend on the final approved text, the source of resources, banking rules, and implementation by the responsible institution.
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