Can anyone join savings.club?

We ask for your Social Security Number as a part of an authorization request to conduct a credit check. This is optional and you can still fully participate in a club without a credit check or providing a Social Security Number.

What is an EAPR and what’s the difference between traditional loan APR?

With traditional loans, APR is an annual rate calculated based on fees you pay to secure the loan. Here at savings.club we use EAPR (Equivalent Annual Percent Rate) where you only pay for your vehicle and administrative fees. Our administration fees are used to keep up savings.club's infrastructure and EAPR means no compounding interest, ever.

Why is savings.club so much cheaper than traditional financing?

With savings.club, you only pay what you need to. All of the hidden fees and costs you pay with traditional loans aren’t a factor in our pricing. You’ll only ever pay for your car and administration fees so that we can properly run your club.

When will I get my car?

You can pick out a car from any dealership once you’ve received a credit voucher. Your eligibility for a voucher is dependent on your savings score. You can increase your score the more you make on time payments. The higher it is, the sooner you can receive your voucher and buy a car. The voucher works just like cash, so you can drive off the lot with your car once you decide which one is best for you.

How are Club members selected to receive a Credit Voucher?

Written by Adriano Marques

< 1 min read • Published March 15, 22

The order in which Club members receive their credit voucher is dictated by their Savings Score. The Savings Score is an evaluation of the risk each member represents to the rest of the Club. Participants with higher Savings Scores (lower risk) will receive their Credit Vouchers sooner in order to reduce the risk to all other members of the Club.

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Adriano Marques

CEO at XNV

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how to puchase a car with a bad credit score

Mar 12 Credit

How are Club members selected to receive a Credit Voucher?

Adriano Marques

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Financing a Car With Bad Credit

Build Your Credit Score in 5 Simple Steps

Savings Club: The Best Way to Finance your Next Vehicle

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