It is a vehicle leasing contract that helps you get financing that suits your needs. You can choose a contract with residual value for a term between 12 and 66 months1 or a contract without residual for a term between 12 and 72 months2.
Access the offers here, view the inventory of new and used vehicles in real time, compare models, and contact the dealer directly.
The residual value helps you reduce your monthly payment and offers financing for your vehicle’s insurance.
Access Tu Turno here to schedule your service appointment without waiting, 100% online. Get personalized service from an account executive.
Open-end Lease
Lease with residual value for a term between 12 and 66 months or without residual value for up to 72 months. You are responsible for the contract value during the term and the residual value upon completion.
Step Up
A contract of up to 60 months that allows you to have a lower payment during the first year in exchange for a higher payment over the remaining time.
Closed-end Lease
Select a term between 12 and 36 months. You are responsible for all monthly payments set forth in the contract, but not for the residual value. Excess mileage, wear, and use charges apply.
Step Down
A lease contract of up to 60 months that allows you to have a higher payment during the first year, and decreases every 12 months.
Buy Back
Popular Auto acquires a new or used unit at market value and leases it to a third party.
Sale & Lease Back
Transaction through which Popular Auto acquires a vehicle or a fleet and leases it to the seller.
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1 Estimated monthly payment does not include origination fees, registration, license plate, maintenance, ACAA, or any type of insurance. Application subject to credit approval.
To make an appointment at a Popular Auto Service Center, access Turnos PR and select your preferred day, time, and location.
The title of the vehicle is mailed 20 days after paying off the auto loan. If 30 days have passed since the date you paid off the loan and still haven’t received the title, please call 787-792-9282 Monday to Friday from 8:00 a.m. to 6:00 p.m.
In auto leases, the account executive will take care of mailing the title.
To make a change of ownership, you must visit one of the service centers of the Department of Transportation and Public Works of Puerto Rico (DTOP, by its acronym in Spanish) with the following documents:
For additional questions, you can access DTOP.
Applicant:
Co Applicant:
Click here for the frequently asked questions about the new digital registration label (marbete digital).
Dealers will have products and insurance options available when you purchase a vehicle. They offer protection for paint and interiors, credit protection, extended warranties like the manufacturer's warranty, and roadside assistance.
Overdue payments will result in late fees, finance charges on the principal owed on the original estimate based on the days of delay, and an increase in the cost of the loan.
To avoid paying additional charges, make all payments on time. You can sign up for the Direct Payment service to schedule monthly payments from your account and make sure they are disbursed on the correct date.
To view our list of frequently asked questions, you can access our Help Center.
Choose between a conventional auto loan or an auto loan with residual with the monthly payment that fits your needs.
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Subject to credit approval. Certain restrictions apply. The maximum term of a new auto lease is 72 months for customers with a credit score of 795 or higher. Interest rate of 6.34% applies after a 0.25% discount when opting for direct payment. The interest rate will be determined based on the credit score and credit history. The interest rate shown may not reflect the total cost of the lease. Offer may not be combined with other offers or discounts. Offer does not apply to refinancing or title transfers. No security deposit required. At the end of the lease, an additional charge may be imposed based on the current value of the leased property and the residual value. New auto lease example: Price: $25,000; Amount due at signing: $2,500; Balance to finance: $22,500; 72 monthly payments of $376.51 at 6.34% interest rate. Example does not include origination fees, registration, license plate, maintenance, ACAA, or any type of insurance. The minimum balance to finance for a new auto lease is $25,000.
Subject to credit approval. Certain restrictions apply. The maximum term of a used car lease is 72 months for customers with a credit score of 795 or higher. Interest rate of 7.85% applies after a 0.25% discount when opting for direct payment. The interest rate will be determined based on the credit score and credit history. The interest rate shown may not reflect the total cost of the lease. Offer may not be combined with other offers or discounts. Offer does not apply to refinancing or title transfers. No security deposit required. At the end of the lease, an additional charge may be imposed based on the current value of the leased property and the residual value. Used auto lease example: Price: $25,000; Amount due at signing: $2,500; Balance to finance: $22,500; 72 monthly payments of $392.85 at a 7.85% interest rate. Example does not include origination fees, registration, license plate, maintenance, ACAA, or any type of insurance.
Section 326 of the USA PATRIOT Act requires financial institutions to obtain, verify, and record information that identifies individuals who open accounts. The United States government created this law as a measure against terrorism and money laundering. When you apply for an account, we will ask for your name, residential or physical address, date of birth, Social Security number, and any other information that allows us to identify you with certainty. You will also be required to show your driver's license or other photo identification, valid and issued by the government. The information collected by Popular, Inc. will be kept confidential according to the Privacy Act.
Banco Popular de Puerto Rico (BPPR) provides access to translation services only in Spanish. Access to Spanish translation services is limited to collection letters and the option to speak in Spanish with a bank representative. The corporate website is also available in Spanish.
Translation and description of common collection terms are available in multiple languages on the New York City Department of Consumer Affairs website: www.nyc.gov/dca.
