Much is said about electric vehicles, as well as because they are less harmful to the environment, meet zero emission standards and have satisfactory performance; however, these details are of little importance to a large part of the Brazilian public because the purchasing power of this segment far exceeds that of many. The cheapest electric car is here, Renault Kwid E-Techcost from BRL 146,990, a value that is still far from the reality of millions. With this in mind, the consortium can help make cars more accessible to enthusiasts and stakeholders.

With this modality, you can structure yourself better if you know about financial planning. Fernando LamunierDirector of Multimarcas Consórcios, explained the topic:

“Hiring a consortium was an alternative for Brazilians who need to plan to acquire their assets. The high interest rates charged on general financing discourage consumers, while consortiums in most cases bring in monthly fees that fit in the pocket of the common citizen.”

In a consortium, an individual will pay in installments until the amount originally agreed in the contract is added up. During this period, you can benefit from sporadic draws, which can be useful, although this is not a tool to be taken for granted because there are many unforeseen events in situations like this. The main advantage is: no request of interest, as in traditional financing. You will only have to deal with administrative fees under the contract.

The average car consortium is 72 months.

According to Serasthe interested party will choose the installment cost and the desired time, and medium consortium cars is approx. 6 years (72 months). This is certainly not a suitable option for those who need a car quickly, or even for the most anxious ones; however, those who decide to proceed with the investment will have the guarantee of receiving a letter of credit after a specified period.

Richard DavidElev’s managing partner, says alternatives may be viable, but the benefits will depend on the investment involved:

“Electric vehicles can become even cheaper than ICE vehicles. However, this is a matter of the future, which will require large investments, technological developments and planning. Mainly in the development of batteries (…) We still need serious planning by the Brazilian state. In this segment, we are still in their infancy.”

Definitely, like everything in life, there are pros and cons🇧🇷 A current option for those who plan to enter the world of electric vehicles in the not so distant future, but cannot afford other, more flexible forms of payment – or the excessive interest rates of traditional financing.

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Citroën C3: electric car to be launched in 2023 with possible competitive price
The car will enter the Indian market in March and will compete with the Renault Kwid E-Tech.

Source: IG Cars

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