For those looking to buy a car at more affordable prices, the car auction can be a good opportunity to get good deals on used and semi-new vehicles.
In addition, there are several banks and financial companies that hold auctions in order to pass on to new owners vehicles that came from financing that were not successful.
One of these banks is Federal Savings Bank, which every year usually holds real estate and vehicle auctions, such as cars and motorcycles. In which the customer can buy the dreamed car for more affordable prices.
About the Box
Federal Savings Bank, also known as Cashier or CEF, is a financial institution, considered a public company with branches throughout the national territory. THE Cashier is linked to Ministry of Economy and belongs to Federal government.
Currently, the company has several branches throughout Brazil and offers financial services, such as opening a current account, savings, loans, financing and others.
How does Caixa Car Auction work?
As we mentioned earlier, every year the Federal Savings Bank usually perform real estate and vehicle auctions where you can buy real estate, cars and motorcycles at more affordable prices.
These events are generally publicized in public notices on the company's website. Cashier🇧🇷 You can also get more information about the Box Car Auction through news on TV, internet and radio.
How to participate in Caixa Car Auction?
Generally, the Box Car Auctions are organized in partnership with other auction companies. In this way, a page is created where buyers register and can access a list of all cars available for purchase.
Furthermore, one of the main requirements for participating in the Box Car Auctions it's not having pending issues in your name and having a good amount of money to bid well and get out of there with the chosen car.
Another requirement, after finishing the car, is to contact the Cashier to sign the car purchase agreement. Furthermore, some auction companies often charge a service fee which can be approximately 30% of the bid amount.
Is Caixa Car Auction worth it?
O Box Car Auction it is a great opportunity for those who want to buy a car, either as a means of transportation or for work. This is because at auction it is possible to find popular cars for cheap prices and there is still the possibility of paying in cash.
However, both a auction car It's different from a brand new car. That's because these vehicles come from financing that was not successful, in which the former owner was unable to complete the payment, so that property once again belongs to the bank.
For this reason, a car coming from an auction requires the new owner to be able to pay off all outstanding debts and settle the car as quickly as possible so that it can circulate normally.
services
For more information about the cash car auction, visit the official website of Federal Savings Bank or contact us at 0800-726-0101. You can also visit one of Caixa's branches in your city to learn more about available auctions.
