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Do you know how a car auction?
In times of crisis and financial uncertainty, we need to save and avoid spending, but we don't need to give up on our material dreams.
For those who dream of buying their first vehicle or even changing their current one, know that this can be done in a safe and economical way.
So, the solution is to buy your car at auction.
So, if you don't know how, keep reading this article and find out everything you need to know about one. car auction.
How does a car auction work?
You may have seen scenes of auctions in some film or soap opera, the car auction follows the same idea.
Therefore, the car is presented with a minimum value and all necessary details.
As a result, the person with the highest bid takes the vehicle.
There is car auction where it is possible to purchase other items, such as: motorcycles, scrap metal, parts in excellent condition, trucks and even planes or boats.
One characteristic, perhaps we could call a disadvantage, is that payment must be made in cash, within the stipulated period.
This way, it is possible to find auction houses that offer installments through financing, just do some research beforehand.
What additional expenses might I have in addition to the car purchased?
Well, we know that the big advantage of purchasing a vehicle is the lower price.
This type of car can cost from 30% to 50% cheaper.
However, it is important to be aware that you may have some additional expenses after the auction, such as:
- Commission of 5% related to the auctioneer's work;
- Towing expenses;
- Expenses for occasional mechanical problems;
- Documentation costs.
What documents are needed to regularize a car purchased at auction?
The company responsible for car auction is obliged to provide the vehicle documents.
Typically, these are the same as those given when purchasing a new car from a dealership.
It is the buyer's responsibility to complete the car's registration procedures. To do this, have the following on hand:
- Photo ID (original and copy);
- CPF or CNPJ (original and copy);
- Proof of residence in the buyer's name (original and copy);
- Social or Individual Contract in the company name;
- Original proof of payment from GRD;
- Original purchase invoice for the auctioned car;
- Original Auction Record;
- Originals of paid DUDAS.
Conclusion
Of course, buying a car at a car auction is not at all complicated, and it can be a good deal, considering the following:
- Choose the auction company correctly;
- View the vehicle before placing your final bid (check all possible details and take someone who understands the subject);
- View the car's complete history: fees, documentation and reason why it is being auctioned;
- Avoid damaged vehicles.
So, with these precautions, it's just a matter of "running for the hug"!, since the car auction It is a great option for those who want to save money and purchase their vehicle.
Finally, if you don't have a car, look for a company that accepts financing and count on us!
