Want to participate in Itaú's car consortium, but don't know exactly how it works? Don't worry, we'll answer all your questions and explain how this consortium works.

In fact, the way Itaú's consortium works is similar to that of other banks. Therefore, it offers security and guarantees for those who want to buy a new car but aren't in a hurry to get it.

Moreover, at Itaú, you are guaranteed flexible payment options, more affordable prices, easier access, and above all, guaranteed results.

In other words, at the end of the specified period you get to drive away with your car, unless you win one of the monthly raffles before then. Anyway, shall we find out more details?

The Itaú Consortium is a standard type of consortium. That is, with it you can pay installments of a certain amount over a pre-established period of months. Thus, at the end, you are guaranteed the car you have chosen.

Consortiums are an ideal tool for those who don't have the cash to pay the full price of a vehicle upfront. But, unlike a loan or financing, Itaú's consortium doesn't charge interest or down payments.

In this way, the only fee is the service charge, which is already included in your monthly installments in a very diluted way to make it more convenient for you.

Furthermore, you can join a consortium to purchase any vehicle you want, whether it's a car, motorcycle, or even heavy vehicles!

The Itaú Consortium works in a very simple way. As already mentioned, every month you pay the installment that was agreed upon after your simulation.

So, you can participate in the assemblies, which are meetings of all the people who are in the same consortium. It is in these monthly meetings that one lucky person is drawn and wins the car before the end of the payment period.

So, there's a possibility you could win in the first month! That way, the bank releases your credit and you can already have the car of your dreams.

Finally, the group ends when everyone has obtained their credit and their vehicle!

There are some advantages and disadvantages to being part of an Itaú consortium. Firstly, the advantage is that anyone can participate.

In other words, you don't need to provide any proof of income to participate. Furthermore, an advantage is the fair prices and the certainty that you will receive your car in the end.

On the other hand, a disadvantage is that if you are not drawn in the lottery during the consortium period, it may take a while to get your car. So, if you are in a hurry, a consortium might not be the ideal tool.

But, in addition to that, you can also get ahead, anticipate your viewing in some ways and leave with your car before the scheduled time.

Interested in all the information about how Itaú's consortium works? Then perhaps you'd like to know how you can participate in the consortium and acquire your car.

So, you just need to run a simulation available on the consortium page of the bank's website. But, would you like to know more details? Then come and check out our exclusive step-by-step guide to help you create your consortium!

Click the link below and get all the information!