A consortium can be an excellent way to obtain financing. But do you know which are the best consortia on the market and what the advantages of each one are?

The number of awarded consortiums increased by 2.81% in 2019. Senhor Carros has selected the 14 best consortiums of 2019 and listed the advantages of each program to make your choice easier.

A consortium is an excellent option for those who are not in a hurry to buy, and it can be more affordable than financing. Check it out below!

14 – Bradesco Consortia

With Bradesco's Auto Consortium, you receive a credit letter to choose the make and model you want most. You can sign up for your plan through the Bradesco App under the Consortia option.

Features

Domestic or imported cars;
Plan options based on vehicle model, installment amount, or asset value;
For a more valuable vehicle, simply pay the difference between the value of the letter of credit and the value of the vehicle;
Up to 84 months to pay;
If you want a less expensive vehicle, use the difference to pay down your outstanding balance;
Use your bid to lower the value or the number of installments.

13 – Caixa Consórcios

With Caixa's Automobile Consortium credit, you can buy brand new vehicles or vehicles up to 5 years old, including utility vehicles, trucks, buses, aircraft, and boats. You can also purchase machinery, equipment, or solar heating panels, in addition to paying off your vehicle financing. Caixa has released a video specifically to help clarify the entire process.

Features

No interest. You only pay the administration fee, which is spread over the contracted term.
If you don't have the money, you can pay the bid using up to 50% of the credit value in some groups;
You can use up to 10% of the credit amount to offset fees and taxes;
When purchasing a vehicle through a consortium, after being selected you can acquire your car at a Chevrolet dealership with a bonus of up to R$$4,000.00.

12 – Itaú Consortia

With Itaú's Car Consortium, it's possible to realize the dream of owning your first car or trading in your used one with a car consortium, choosing the best option for your budget.

Features

You gain negotiating power to pay for your vehicle in cash, plus planning, smaller installments than other financing options, and no interest rates. You receive several installment and group options to choose the ones that best fit your current life situation.
Set the installments according to your budget, and keep an eye on the draw to see when you will be chosen. Choose the ideal conditions with the groups that are forming, or decide which open group you want to join.

11 – Fiat Consortia

With Fiat Consórcios you have several plans to choose from with no down payment, plus zero interest on installments. The Fiat Consórcio is ideal for those who don't mind waiting a little longer to get their car, offering you various options to choose the one that best fits your budget.

Features

No entry fee;
Zero interest;
If you don't want to wait too long to get your car, you can use part of the credit letter's value to place a bid.

10 – Banco do Brasil (BB) Consortia

Banco do Brasil Consórcios offers several consortium options where you don't pay interest. You receive a letter of credit which gives you the option to buy a car different from the one linked to your quota. You can also use up to 10% of your credit for expenses such as IPVA (vehicle tax), insurance, and registration.

Features

No joining fee, interest, or IOF (tax on financial transactions). You only pay the administration fee, which is divided into installments.
When the price of your car changes, Banco do Brasil Consórcio adjusts the credit amount and updates the installment amounts for the group.
You can choose another asset, of greater or lesser value, before being selected by the consortium;
You can prepay installments or join an ongoing group.

9 – Disal Consortium Administrator

Disal Consórcio is one of the largest independent consortium administrators in the country, according to the ranking of the Central Bank of Brazil. It was founded by dealers of the Volkswagen Network. Disal Consórcio offers two plans, Integral and Simple, for you to choose the one that best suits your profile.

Features

No membership fee. You only pay the administration fee.
Optional life insurance;
Full installments for the Comprehensive Plan, and reduced installments for the Simplified Plan.

8 – Luiza Consortia

Consórcio Luiza is affiliated with ABAC (Brazilian Association of Consortium Administrators), SINAC (National Union of Consortium Administrators), and is regulated and supervised by the Central Bank of Brazil.

Features

Linear Plan: Installments are divided equally throughout the plan, with various payment terms;
Progressive Plan: In the Progressive Plan, installments increase as the plan progresses; that is, you start your plan with a smaller installment and plan accordingly based on the value of future installments.

7 – Embracon Consortia

With the Embracon Consortium, you can choose from up to 80 installments for new or used vehicles, both domestic and imported. You can use your used car as a down payment to buy a new one through the consortium, or use the surplus balance of your credit letter to pay tax expenses.

Features

Up to 80 installments for automobiles;
Flexible payment plans to fit your budget;
No interest;
Use the value of your letter of credit to pay off loans from other institutions;
The value of your letter of credit will be adjusted according to the indices of the chosen product.

6 – Porto Seguro Consortium

The Porto Seguro Car Consortium offers you plans of 50, 72 and 80 months with various makes and models of new and used cars.

Features

Credits from R$25 thousand to R$122 thousand;
Monthly installments starting from R$534.59 with no interest;
Up to 80 months to pay;
Different rates.

5 – Rodobens Consortia

When you purchase a car consortium share with Rodobens Car Consortium, you get a 20% discount on the second installment. Rodobens has a wide variety of new and used car brands.

Features

No reserve fund;
No membership fee.

4 – Chevrolet Consortia

The Chevrolet National Consortium offers plans with terms of up to 84 months. The vehicle can be scheduled for withdrawal throughout the period, with the option of being awarded the vehicle through a bid.

Features

Easy Plan: Offers credits between R$ 32,613.00 and R$ 49,990.00 which you can use to supplement the purchase of a new vehicle by paying a lower monthly installment.
New Advantage Plan: Offers credits between R$ 65,790.00 and R$ 129,150.00. A plan that caters to those who wish to invest a little more.
Business Plan: offers credits between R$ 138,990.00 and R$ 195,490.00. A plan aimed at those looking for a larger vehicle or wishing to renew their company's fleet.

3 – Sicredi Consortia

With the Sicredi Auto Consortium, you can choose from 60 and 75-month plans. You can purchase new or used cars up to 10 years old.

Features

If your bid is successful, you can choose to reduce the value of the next installments, while maintaining the same term, or reduce the number of installments, in reverse order of their due date.
When selected, you have complete freedom to choose the make, model, and supplier of the car you wish to purchase;
At the time of purchase you can still negotiate discounts, because with a consortium the payment is in installments, but the purchase is made in cash;
Installments can be automatically debited from your checking account, and you can track your consortium plan at any service unit through your monthly statement, the Consortium Member Channel on Sicredi Internet, and Sicredi Phone;
The mortgage life insurance policy guarantees the amortization of the outstanding balance of the current plan on the date of the consortium member's death. Furthermore, the insurance percentage is applied to the outstanding balance and its value is progressively reduced according to the amortization of the outstanding balance through the payment of monthly installments.
Terms of 60 and 75 months.

2 – Recon Consórcios

Recon Consórcios currently holds a prominent position in the national market, with over 30 years of experience.

Features

No interest;
Up to 80 months term;
Options: By lottery, fixed bid, and free bid, depending on the group's available balance;
New and used cars up to 10 years old;
Facilitated Bidding: Up to 25% embedded (deducted from the credit itself).

1 – Volkswagen Consortium

With a strong presence in Brazil, the Volkswagen Consortium offers 5 plans for those who want to purchase a brand new Volkswagen.

Features

Reduced Plan:
- Type of credit in full contemplation (100%);
- Term up to 60 months;
- Credit subject to approval upon submission.
Lighter:
- Type of credit upon awarding: partial (66.6%) or total (100% and 34.4% prorated across the remaining installments);
- Term up to 84 months;
- Credit subject to approval upon submission.
Light:
- Type of credit in the Contemplation: Partial or Total (75% or 100%);
- Term up to 84 months;
- Credit subject to approval upon submission.
Normal:
- Type of credit in the award: total (100%);
- Term up to 84 months;
- Credit subject to approval upon submission.
Premium
- Reduced payments;
- Term up to 60 months;
- Credit subject to approval upon submission.