Make the purchase of a used or semi-new car in a car auction can be a great option for those looking to save money, because the cars can be sold in up to 30% less than the price of Fipe table.
Buying a car at an auction can be an excellent deal both for those who want to get their own car or for those who are looking to make a purchase to invest and sell later. There are countless possibilities for those who want to make a smart buy.
However, we know that many doubts can arise when participating in an auction, which is why we are going to offer 5 tips for those who are interested in participate in an auction.
5 tips for those interested in participating in a car auction
1. Read the notice from the car auction
It's not worth being lazy when reading the announcement, because this document contains all the fundamental information for people to participate in the event. It has: date, place, time, details of the event in person or online, initial bid amounts, payment methods, information whether the vehicle has pending issues or not, vehicle conditions, among others.
The Notice works as a kind of contract both for the consumer and for the company that is organizing the auction. Therefore, do not be lazy and read in detail all the information contained in the notice.
2. Visit the courtyard
If you live close to the auction yard, do not measure efforts and go personally to see the yard. See the lots that are available to understand which will be to your liking, in addition, check the look of the vehicles, the level of conservation, details and obtain more accurate information about the cars in question.
However, there are many companies that are only working with the virtual auction, so for these companies you can ask for videos, photos and specific items to analyze calmly individually.
Do not forget to inform yourself about the possible maintenance that will be required in the coming months. All information will be useful to help you make your final decision.
3. Watch other auctions before participating
Before participating in a real auction, look for other auctions to attend, that way you will see how people behave, how procedures work and you can learn from best practices. To do this, look for the auctions closest to your home or those that are online. Take the time to learn as much as possible.
4. Be smart
Before choosing a lot, find out the real price of the vehicle on the market, so you can understand whether you are getting a good deal or not.
Therefore, be aware of the condition of the vehicle, observe whether the car needs a lot of maintenance, what is the real value of the fees and documentation that will need to be issued.
5. Choose a reliable company
There are many fraudulent companies on the market that are intent on influencing people to get into big trouble. So stay tuned and choose a trusted company.
THE Federal Savings Bank, for example, is a bank duly regularized in the Brazilian central bank and acts with Car Auctions. To participate, simply visit Caixa's official website and check which are the partner auctioneerss of this great institution and put the previous tips into practice.
– Read the notice correctly;
– Visit the courtyard or look closely at the photos and videos;
– Watch other auctions;
– Make smart decisions.
