How the Honda Consortium works

The Honda Consortium is a purchase modality that has become increasingly popular among Brazilians. With it, it is possible to purchase a Honda brand vehicle in a planned way and without paying interest. In this article, we will explain how the Honda consortium works and what are the advantages of this purchase mode.

What is a consortium?

A consortium is a form of collective purchase, where a group of people meets with the purpose of acquiring a good or service. In this case, we are talking about the Honda consortium, where the desired good is a brand of the brand.

In the Honda Consortium, this group of people is made up of participants who pay a installment monthly to form a common fund. This fund is used to contemplate participants with the letter of credit, which is the amount required for the purchase of the vehicle.

How does the Honda consortium work?

The Honda Consortium works as follows:

1. Interested in purchasing a Honda vehicle enters a consortium group;
2. This group is managed by a consortium company;
3. Participants pay a monthly portion, which is used to form the common fund;
4. Each month, some participants are awarded the letter of credit, which is the amount required to buy the vehicle;
5. The contemplated can use the letter of credit to purchase a new or used Honda vehicle;
6. Participants who have not yet been contemplated continue to pay their installments until the end of the consortium.

Advantages of the Honda Consortium

The Honda Consortium offers several advantages for those who want to purchase a brand vehicle. Some of them are:

• Interest: Unlike financing, in the Honda consortium there is no interest collection;
• Payment Flexibility: You can choose the deadline and value of the installments according to your needs;
• Contemplation: Each month, some participants are awarded the letter of credit, which increases the chances of purchasing the vehicle;
• Financial Planning: With the Honda Consortium, it is possible to plan financially to purchase the desired vehicle;
• Security: The Honda Consortium is regulated by the Central Bank, which ensures the safety of operations.

Conclusion

The Honda Consortium is an excellent option for those who want to purchase a brand vehicle in a planned way and without paying interest. With it, it is possible to plan financially and increase the chances of purchasing the desired vehicle. In addition, the Honda Consortium offers payment flexibility and safety in operations. If you are thinking of buying a Honda vehicle, it is worth considering this purchase mode.