Aula sobre CONSÓRCIO

Introduction

This tutorial will provide a comprehensive overview of consórcio, a financial mechanism commonly used in Brazil for purchasing goods and services through a collective savings system. We will explore what consórcio is, how it works, its advantages and disadvantages, and tips on how to effectively participate in one.

Step 1: Understanding Consórcio

• Definition: Consórcio is a group of people who contribute a fixed amount of money periodically to a common fund, which is then used to purchase goods or services for members of the group.
• Not an Investment: It's important to note that consórcio should not be viewed as an investment; rather, it's a savings plan aimed at acquiring specific goods, such as vehicles or real estate.

Step 2: How Consórcio Works

• Monthly Contributions: Participants pay a monthly fee into the pool.
• Contemplation: Members are chosen randomly or through bids (lances) to receive the amount for their purchase.
• Duration: A consórcio typically has a defined duration, after which all members should have received their goods.

Step 3: Types of Lances

• Lances: Members can make bids to be contemplated early.
  • Fixed Lances: A set amount bid that could secure earlier access.
  • Embutido Lances: A portion of the financed amount is included in the bid itself.

Step 4: Costs Involved

• No Interest: Unlike traditional financing, consórcios typically do not charge interest.
• Fees: There may be administrative fees and a percentage taken from contributions.
• Adjustment: Contributions may be adjusted for inflation periodically.

Step 5: Contemplation Timeframe

• Duration to Be Contemplated: Depending on the consórcio’s rules, it can take months to years to get contemplated.

Step 6: Comparing Financing and Consórcio

• Cost-Effectiveness: Consider whether a consórcio is cheaper than traditional financing options, particularly for large purchases.

Step 7: Understanding Participation

• Entry or Lance: Decide whether to enter with a lump sum initial payment or to bid for a chance to be contemplated early.
• Withdrawal Options: Members can usually withdraw from a consórcio but may face penalties or lose some contributions.

Step 8: Selling or Paying Off Consórcio

• Selling Your Spot: It may be possible to sell your participation to another buyer.
• Paying Off Early: Some consórcios allow early payment of the remaining balance, which can be beneficial.

Step 9: Consórcio for Different Income Levels

• Wealthy Participants: Consórcios can be advantageous for wealthier individuals to acquire assets without immediate cash outflow.
• Low-Income Participants: For those with lower incomes, consórcios can be a way to acquire necessary assets without incurring debt.

Conclusion

Participating in a consórcio can be an effective way to plan for significant purchases without incurring debt. By understanding how consórcios work, the types of bids available, and the costs involved, you can make informed decisions that align with your financial goals. Consider your needs and compare options to determine if a consórcio is the right choice for you.