Understand how the car consortium works and see the main cure to take one safely
With high interest rates, the Car consortium He has gained more and more popularity among the Brazilians as an alternative for the purchase of vehicles. According to the data of the Brazilian Association of Consortium Directors (ABAC), a growth of 15.1% of the shares sold from January to May 2025 and the volume of the credits marketed exceeded R $ 56 billion, increasing by almost 13% compared to the same period of 2024.
Contrary to financing, in which the consumer immediately receives the car and pays interest with interest, the consortium is a group purchase, in which several people join the purpose of buying a vehicle. In this way, they pay a monthly part, used to form a common fund. This fund is used to contemplate one or more participants through the draw or offers.
For those who cannot buy in cash and want to evade the interest, the automotive consortium is a medium -long term alternative, but it is necessary to be aware of the peculiarities and how this mode works, warns Cléber Gomes, CEO and founder partner of the Mastery, a company specialized in the consortium and financial products.
“The consortium is ideal for those who are not in a hurry, has a discipline and know exactly what they are taking on. To accelerate contemplation, the ideal is to plan financially to make monthly offers. This is the best strategy for those who don’t just want to count on luck”, explains the professional, who has selected the main points to evaluate before signing a contract for cars that runs away with the trap:
1. Search for the administrator
Make sure that the consortium administrator is authorized and controlled by the Central Bank. The official list is available on the BC website. Companies that promise an exact date for this contemplation must illuminate a warning signal. It is guaranteed within the recruitment period, but there is no deadline for the customer to obtain this letter within the first months, for example.
2. Attentively analyze the rates
The Consortium does not charge interest as funding, but there are other expenses involved, such as the Management Commission, usually between 10% and 20% of the total amount of credit and a reserve fund, used to cover the non -compliance and emergencies, charged by some companies. “The Consortium has a administration rate defined in the contract, but has diluted in the period. However, it is a much cheaper possibility of the loan,” explains Cléber.
3. Read the contract carefully
Before signing, ask for a copy of the contract and read each clause carefully, in particular those relating to:
- Duration of the group;
- Contemplation criteria;
- Fines for withdrawal or default;
- Possibility for the re -delegation of the credit.
“The consortium contract is a technical and complex document for some people. Avoid unpleasant surprises along the way and ask for a guide with a financial consultant or a lawyer”, warns the expert.
4. Having the offer strategy
For those who have saved money and intend to be contemplated by Bid, ask the administrator who are the average winners in recent months and if there is an offer of offer under construction, that is, to use part of the credit letter. This information helps to set up a realistic strategy.
Source: Terra
Ben Stock is a lifestyle journalist and author at Gossipify. He writes about topics such as health, wellness, travel, food and home decor. He provides practical advice and inspiration to improve well-being, keeps readers up to date with latest lifestyle news and trends, known for his engaging writing style, in-depth analysis and unique perspectives.
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