Consortia
Get to know the Banco do Brasil automobile consortium
With the Banco do Brasil car consortium, you can purchase your car or pay off your financing installments. All this with installments that fit your budget and without interest. Learn more about the consortium here and learn how to sign up for one!
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Banco do Brasil Consortium: your chance to acquire a new car
With the aim of facilitating the purchase of various goods and services, Banco do Brasil makes its consortium plans available to all Brazilians. In this specific article, we think of you who are counting down the days to take a step towards your dream of owning a new or pre-owned car. Therefore, we will detail everything about the Banco do Brasil car consortium.
If you are still unaware, a consortium or shared purchase is a type of purchase in which a group of people come together to self-finance an asset. Knowing this, we can already tell you that Banco do Brasil's consortium does not charge interest, as the only fee is the administration fee, which in this case is very low.
Don't leave and stay up to date with all the details of the Banco do Brasil car consortium!
Minimum Income | not informed |
Interest rate | Exempt |
Deadline to pay | Uninformed |
release period | Uninformed |
Consortium Value | Uninformed |
Do you accept negatives? | Uninformed |
Benefits | Keep your purchasing power, possibility to change plan, high credit values |
How to apply for a BB car consortium
The Banco do Brasil car consortium offers high credit values, with flexible installments and no interest. Find out how to apply here.
How does the Banco do Brasil car consortium work?
If you are familiar with consortia, you know that this purchase model is recommended for anyone who does not intend to spend more than necessary to acquire their property. This is possible thanks to its self-financing model.
Through self-financing, a group of people come together and form a consortium plan. In this plan, participants pay monthly installments and one of them is drawn to win the letter of credit each month.
Thus, at the end of the consortium, all group members receive their amounts and buy the car of their dreams. It is worth remembering that the purchase of the asset can be made in cash, which makes negotiation easier and the consortium member may even be able to get discounts.
Available to both individuals and companies, the BB car consortium offers high credit values without any interest or down payment charges.
Contemplation occurs in two main ways: the draw and the bid. As we have already said, the draw is the random contemplation by the bank itself.
In the case of contemplation by bid, the consortium member will pay an amount greater than the monthly installment to receive the letter of credit in advance.
What is the limit of the Banco do Brasil consortium?
BB's car consortium is well-known for being one of the services that releases the highest values on the market. Therefore, its purchase diversity tends to grow more and more.
The Banco do Brasil letter of credit offers customized values for the purchase of all vehicle models and brands on the market. In addition, legal entities can use this value to purchase or renew their vehicle fleet.
Advantages Bank of Brazil
By now you've noticed that Banco do Brasil offers several advantages to its members, right? Still, some of them deserve to be highlighted as they are the differential of this service.
These are the main advantages of the Banco do Brasil car consortium:
- Reduction in fees and interest: the BB consortium has one of the lowest administrative fees in the country, in addition to not charging interest or IOF from its members;
- Credit change: if you are in a different financial situation and want to change the amount of credit, it is possible with BB;
- Purchasing power remains the same: even with a change in the price of the reference good, you do not lose purchasing power because the bank readjusts the credit;
- Pay as you wish: the amounts and duration of the monthly payments are the sole responsibility of the person who purchased the consortium. You choose the best option for your budget.
Main features of Banco do Brasil
The BB Consortium is very flexible when it comes to using credit, as it can be used to purchase passenger vehicles, utility vehicles, off-road vehicles, pickup trucks, trucks, motorcycles, boats and solar energy systems. You can also use it to pay off vehicle financing.
For whom the consortium is indicated
The consortium is ideal for anyone who wants to buy a new car, whether it is new or used. However, only those over 18 can buy a consortium share.
This age limit is the only requirement of Banco do Brasil. It is worth remembering that even those with bad credit can participate in the service, but to have access to the benefit it is necessary to be up to date with payments.
How to create a Banco do Brasil car consortium?
Both existing customers and those who are not yet part of the Banco do Brasil system can purchase a share in the institution's consortium. The simulation and contracting can take place either at branches or in the bank's digital environment.
For account holders, there are two online service options: the bank's app and the official website. For non-account holders, on the other hand, only the website is available for simulation.
Additionally, if you would like to learn more details about the application process, check out our recommended content below.
How to apply for a BB car consortium
The Banco do Brasil car consortium offers high credit values, with flexible installments and no interest. Find out how to apply here.
About the author / Marina Poncio
Reviewed by / Junior Aguiar
Senior Editor
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