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Car auction - Find out how it works, tips and where to buy

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Surely, you must have heard that a car auction can give good advantages for those who want to save money on the purchase of their vehicle. However, know that it is not that simple, and this purchase requires some care. 

As with the purchase of a used vehicle, that is, when you buy directly from the owner, there are some assessments that are essential to determine whether the car is in good condition and, of course, if it justifies its value. 

However, in car auction this review is a little different. In this article, we separate the main information you need to know about this subject, as well as tips and safe places to buy. See below, in the next topics.

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How is the car auction done?

The simplest way to define a car auction is to say that it is a public sale of seized vehicles. When it comes to cars, there are three categories they can fall into. 

A primeira delas é a de “apreendidos pelos órgão de trânsito”, a segunda, dos “veículos que não tiveram o financiamento pago” e por último, “os veículos que por conta de algum defeito, foram recolhidos”. 

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Another important thing about the vehicles present in the car auction is that they can both be sold and preserved, as well, in the scrap category. The latter is available for dismantling and cannot be regularized.

Who can participate and buy at a car auction?

As it can also happen in other modalities, the car auction it's public. As a result, both individuals and legal entities are entitled to register and monitor the offered lots. 

However, for that, you need to be of legal age. That is, be over 18 years old. In addition, people with a dirty name on Serasa or the SPC cannot participate in the auctions either. 

But apart from these exceptions, the car auction It's pretty broad in that sense. It is worth mentioning that in relation to documentation, you will mainly need your CPF, RG and also proof of residence. 

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Frequently asked questions: How to know the origin of the vehicle, fees and other costs 

Normally, the car auction it already provides most of the information, such as, for example, its origin in the batch description itself. However, if you are looking for more information, you can search the company's website or the Detran website.

One thing that few people know is that you can take out insurance for the vehicle purchased at an auction. However, it is worth mentioning that not all insurers accept cars under the casualty category. But others on the market accept it. 

Finally, regarding costs, in addition to the necessary repairs to the car, you also need to have the value on the IPVA for the year you bought it, as well as the existing debts. Therefore, it is important to “pull” the entire vehicle history beforehand at the DMV.

Is there an online car auction that is safe?

As with other products, the car auction is also available for online participation. And of course, due to their attractive prices and good enrollment of participants, they are more and more popular among people. 

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But, are there any regulations on the sale of these cars online? The answer is yes. For this, we will analyze article 328 of the Brazilian Traffic Code (CTB). In it, it says that the online modality has preference.  

Therefore, any vehicle that is seized or removed from the owner has a period of 60 days to go after its property. After this period, it is evaluated and then sent to auction. This one happens preferably electronically.   

See how to participate and purchase your car at the auction

during a car auction, it is normal that some step by step needs to be done. Thus, you guarantee greater security for your purchase and also, do not fail to skip some essential steps. Check them out below:

With the tips and information in this content, when entering the car auction you will feel more prepared and also aware of any possibility of a coup. To check out more articles like this one, visit our News

One of the secure sites you can accessr to check auto auction lots is that of court auctions. It also offers motorcycles, real estate, farms, equipment and other goods. 

If you have any further questions about this type of purchase or about documentation, we also recommend the Detran website. There, there are several fields of frequently asked questions that can help you.