How does scheduled vehicle purchase work?

The programmed purchase is a credit alternative, which enables Ecuadorian families to acquire vehicles or real estate such as a house, apartment, commercial premises or office.

It works through the agreement of a group of people who, through the monthly contribution of a fixed fee, gather a common fund, with which vehicles and real estate are purchased each month, which will be awarded to the members of the group, until everyone has their property without paying interest and with significant money savings.

Julián Vanegas, general manager of CasaPlan MotorPlan, explains that in his case they are the ones who manage the ideal programmed purchase system, forming the groups, maintaining the motivation of its members, their perseverance and persistence for the final success of all.

Advantage

Among the advantages, the client buys the good without interest, since this system promotes the culture of prior savings and planning. “Each client selects the amount they want and accordingly contributes a fixed monthly fee to their group’s common fund and participates in our live assemblies, having the opportunity to be one of our adjudicators from the first month it starts in any of our plans”, details Vanegas.

Eduardo Isch, EC commercial manager of OLX Autos, mentions that clients usually look for this alternative as a savings method or because they are more flexible when qualifying them to apply to this financing plan, which as a benefit manages interest rates lower than the traditional financial institutions. “They are also flexible when it comes to choosing between new and used cars of any brand,” he says.

recommendations

• Review family budgets and allocate the value with which they will achieve the objective of having a vehicle or a real estate provider. In this way, you can determine the amount with which they will be awarded and ensure that your effort will have the expected result.

• It is important to review the trajectory and compliance of the company with which they are going to carry out their long-term planning and the conditions agreed in the contracts that ensure a transparent administration.