Absolutely the best way to get into centro during the day, but it does close about 9 PM - we learned that the hard way last Christmas. Luckily my son was able to communicate in Spanish with a very nice Brazilian woman who worked in one of the resturants. We followed her on-foot down steps, around corners to a parking lot - and she drove us down! We haven't been able to fnd her to say 'thank-you'.
If you do want to stay later in centro, you can always take a cab down to the parking lot - about 10 e. That defeats the cost savings, but during the Jazz Festival and other big events, you may not find parking 'up the hill'. My second favorit place is Parking Pellini (if you can find it). Here you park for a fee and take a series of esculators uo to almost the top with a short walk to the main pedestrian walk in centro.
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