Do you want to buy a motorcycle, but are you finding the prices too expensive? Know that there are vehicle auctions that can be a great solution for those who need to buy a car or motorcycle urgently.
With that in mind, today we are going to talk a little about the auction of seized motorcycles which, as we mentioned above, are vehicles sold at more affordable prices than in stores or dealerships.
But what are motorcycle auctions anyway?
O motorcycle auction, are nothing more than events in which banking companies, government agencies and even dealerships, auction vehicles that are usually in irregular situations or that the previous owner was unable to complete the payment correctly.
Or in the case of some vehicles seized by the DMV, the motorcycles were seized during blitzes, as they had irregular documentation. It can also happen that the vehicle has been parked in an improper place and irregularities have been discovered in it.
These auctions have the main objective of passing on a motorcycle or car, but the new buyer must commit to paying off debts and regularizing the vehicle in order to use it normally.
What are the advantages and disadvantages of an auction of seized motorcycles?
One of the main advantages of seized motorbike auctions is that it is possible to buy a motorbike at a cheaper price than the market. For example, every year Setran holds seized vehicle auctions and a popular motorcycle can cost between R$ 500 to R$ 700.
However, despite the values being very attractive, as mentioned earlier, the buyer must pay debts, fines and irregularities in order to be able to use the motorcycle. This can be one of the main disadvantages as debt can be expensive.
How to participate in an auction of seized motorcycles?
To participate, it is necessary to choose the company, if it is a bank or concessionaire, but if it is a government agency, it is necessary to pay attention to the news and register on the website of the DMV, for example. Generally, auctions take place in the last months of the year.
When the date arrives, it is necessary to check that the motorcycle is in good condition, so visit the yard where the chosen vehicle is located. Then, the bidding will begin and the one who bids the highest for the bike will win.
Finally, it is worth remembering that it is necessary to pay at least 30% of the bid amount and it is necessary to settle all documentation and overdue debts. Therefore, we recommend that you set aside some money to cover these costs.
