Instead of getting a loan from a bank, savings.club allows members to use a common fund for vehicle purchases. All club members pay a specified amount each month so that the fund can eventually be used to make loans amongst members.
Here's how it works.
This system is widely used in many other countries! As a matter of fact, this system is responsible for about 1/3 of all financed vehicles in Brazil, and has been in use there for many decades, benefiting millions of Brazilians over the years.
Still confused? Visit our site to find out more about how it works.