What is Savings Club - Savings Club

Whats is
Savings Club?

The best new way to finance your vehicle
without a credit score.

How does work?

We built a system that helps you reduce the cost of buying a new car.
It’s simple, easy, and fast. Your dream car is just steps away!

1. Plan

Choose a car based on the amount you’d like to pay each month.

2. Save


You will know exactly what you will be paying with transparency and security.

3. Purchase


Once you are selected for the credit voucher you will be able to buy the car of your dreams!

When will I get my car?

Depending on their Savings Score, Club members can receive their credit voucher in as little as one month.

We are

We empower you to get the car of your dreams.

What is a Savings Club?

Savings Club is a simple, easy, and secure way to save for your car. We built a system that helps you reduce the cost of buying a new car through club savings.

What is a Saving Score

Your Savings Score is a way to estimate risk. It evaluates your capacity to maintain monthly payments and it is also used for the credit voucher selection.

Common fund

With the monthly fees of all members, a common fund will be used to select members to receive a credit voucher.


Each member will receive a credit voucher to purchase the car of their dreams.

Club driven financing system

At Saving’s Club, we use a savings and lending mechanism called ROSCA.
This is a great way to finance a car! Let’s explain how this works.


stands for



ROSCA systems have an optimal outcome

With a ROSCA, you team up with different people to help each other afford the car of your dreams through club saving.

Contribution Amount

Contribution Period

Contribution Rules


John, Sue, Alex, and Matt join Savings Club which uses a ROSCA methodology that allows people to have access to credit at fair rates.
Each member has agreed to contribute $250 every month for 4 months in order to have access to a $1000 credit voucher at some point during the 4 month term.

Lending Cycle Example

Monthly Contribution Simulation

Each month, the member with the highest Savings Score will be given the chance to receive a credit voucher.

How Savings Club Compares

See how Savings Club stacks up compared to other auto financing and payment options.

  • Least expensive
  • Most flexible
  • No credit check
  • Builds credit history
  • No SSN required

    Savings Club

    pay with cash

    Traditional financing

    Buy-here Pay-here

Known as consortia. We bring people and their resources together to make it easy for you to buy the car of your dreams.

Start Saving

0% interest rates

Only pay a small monthly fee

No credit check

You can still save despite not having a credit score

Cheaper financing

Save up to 80% compared to other loans

Establish credit

Your credit voucher can be used anywhere

How are other savings clubs doing
around the world

Brazil is one of the biggest markets of savings clubs for cars.
See some statistics for this market over the last 60 years.

Created in 1961

by employees of Brazil’s Bank

7.71 million

people participated in 2020

1.21 million

customers received their credit

$9.5B dollars

received by customers in 2020

$29.5B dollars

of market revenue in 2020

1/3 of all cars

are financed this way in Brazil

The best way to finance your vehicle without a credit score

Savings Club is the best way to finance a vehicle and build
credit at the same time.


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Frequently Asked Questions

see answers to frequently asked questions

  • What is a Club?

    A Club is a de facto corporation formed by Club members who are brought together by Savings Club for the purpose of financing vehicles through group savings, with a set of established terms. The Club will be terminated when the term is completed and all goals are fully met.

  • What is a Credit Voucher?

    The credit voucher is the authorization that a Club member receives to purchase their vehicle. This voucher offers the credit needed to purchase a vehicle up to the Club value.

  • Can I participate in more than one club at a time?

    Yes. However, each account can only be associated with one Club at a time. If you would like to participate in additional Clubs at the same time, you will need to make different accounts for each Club using different email addresses.

See all FAQ

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