Car
Automatic car from auction: benefits and precautions to take
Discover the main benefits of buying an automatic car at auction and what precautions should be taken in this type of purchase, which is growing in popularity in Brazil!
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Discover everything about buying an automatic car at auction.
Buying an automatic car at auction is an excellent option for many people today.
With new, used, and nearly new vehicles becoming increasingly expensive in Brazil, auctions are becoming more popular.
After all, taking a brand new car out of the dealership today is something only a few can afford.
And when we talk about automatic cars, the auctions become even more attractive.
This is because vehicles with automatic transmissions are more expensive than those with manual transmissions.
Thus, today automatic cars are the most sought after in vehicle auctions throughout Brazil.
If you're looking for an automatic car, but the prices of new, used, and nearly new cars are beyond your budget, don't worry.
In today's article, our experts will help you!
This time, we've prepared special content for those looking for an automatic car at auction.
We'll show you the benefits of this type of purchase, as well as the precautions you should take.
So, shall we check it out?
Let's go!
How and where to buy an automatic car at auction.
Discover the key steps to buying an automatic car at auction and learn about the best options to snag yours today!
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What is the origin of the automatic vehicles sold at auction?
When we talk about auction vehicles, a very common question always comes up:
So, where do the cars sold at a vehicle auction come from?
Typically, automatic cars sold at auction come from four different sources. These are:
- Funding recovery;
- Confiscation due to tax debts;
- Vehicle fleets;
- Scrap metal for parts removal.
Let's talk a little about each of these origins for you now.
Funding recovery
The automatic car repossessed from financing at auction is the most common type found at a car auction.
It was "taken" from its owner due to non-payment of the loan.
Therefore, it is put up for auction so that the bank or financial institution that provided the loan for its purchase can recover its investment and avoid incurring a loss.
Buying an automatic car from an auction, repossessed from a loan, is an excellent purchase.
After all, the vehicle is still new and was being well cared for by the previous owner.
Confiscation for tax debts
Confiscation due to tax debts is another very common source of automatic vehicles sold at auction.
Unpaid labor taxes or debts to the Internal Revenue Service that have not been paid often result in the seizure of vehicles.
Businessmen and soccer players frequently have their vehicles seized for tax evasion.
Therefore, it is common to come across automatic cars at auctions that have this origin.
Vehicle fleets
Another source of automatic cars at auctions is vehicle fleets.
And when we talk about fleets, they can be either public bodies or even private companies.
Fleet vehicles typically remain with a company or organization for a maximum of 40,000 km driven.
They are then put up for auction so that the fleet can be renewed.
This is a very common practice, as it avoids maintenance costs.
In the vast majority of cases, fleet vehicles are in excellent condition.
Therefore, paying attention to this type of auction is considered a great opportunity.
Scrap metal for parts removal
And the last type of origin is that the automatic car comes from a scrapyard, thus serving only as a means of removing parts.
This is common in older vehicles or those that have suffered a major accident.
The benefits of this type of vehicle
Automatic cars sold at auction offer a number of benefits to their buyers.
The first benefit is greater durability.
Because it doesn't allow for aggressive gear changes, automatic transmissions last longer than others, which translates into savings in terms of future maintenance.
The second advantage is greater driving comfort.
An automatic car from an auction is more enjoyable to drive, especially in heavy traffic.
After all, there's no need to be constantly shifting gears.
The safety of the automatic transmission is another feature that deserves positive mention.
Since there's no need to frequently place your hand on the gearshift lever, both hands remain on the steering wheel for longer, which is safer and prevents accidents.
And last but not least, we have the ease of learning.
The complexity for the driver is reduced.
Therefore, it is much easier to learn to drive a car with an automatic transmission than with a manual one.
Furthermore, it's important to reiterate that automatic transmission is the transmission of the future.
With the arrival of new technologies, manual transmissions are gradually becoming obsolete.
In fact, some automakers have already declared the end of manual transmissions, such as Volkswagen and Mercedes.
In the near future, those who own a car with a manual transmission will have more difficulty selling it or will have a vehicle that depreciates more significantly.
Those who own a car with an automatic transmission will not face this type of problem.
Therefore, when looking to buy a car at auction, choose one that is automatic!
Things to consider before bidding on an automatic car at auction.
Auctions offer safe opportunities for purchasing vehicles.
Furthermore, as we have just shown you, automatic cars are full of advantages.
However, some caution is needed before bidding on an automatic model at an auction.
To help you, we'll now show you the main precautions you should take before bidding on this type of vehicle.
Ready to check?
3. Read the auction notice and the vehicle advertisement.
One crucial aspect of any auction is reading the auction notice.
The auction notice is currently the document that allows and guarantees that an auction can take place.
In addition, it provides a range of information about the upcoming trading session.
Therefore, the official announcement will provide you with information such as:
The starting bid for the automatic car;
The vehicle's history;
Possible pending documentation;
Date, time and execution of the auction.
In addition to reading the tender notice, you should also read the car advertisement.
When reading the advertisement, you need to make a coherent analysis and evaluate whether the vehicle in question is what you are really looking for.
So the message here is clear:
Only bid on the car if it's the vehicle you're truly looking for.
Otherwise, the chances of frustration are high.
So, let's recap:
Read the vehicle's announcement and notice very carefully.
And there's more: if there's no public notice, don't participate in the auction, okay?
2. Find a reliable auction house.
This is a very important tip for anyone looking for an automatic car at auction.
Fortunately, the internet has made it easier for many people to access vehicle auctions.
However, this makes caution necessary.
With the popularization of auctions, especially those that take place online, many scams have started to occur.
Therefore, the golden rule here is clear: always look for a trustworthy auction company.
That's because the company will be between you and your automatic car.
Therefore, the first tip from our experts is to check if the auction house actually exists.
Using Google Maps and social media, this task is easy to put into practice.
Another effective strategy is to check if the auction house is registered with the commercial registry of your state.
Only companies registered with the commercial registry can operate in the auction business.
And last but not least: look for the Secure Auction Seal.
This seal truly guarantees that the auction house is trustworthy.
1. Go see the automatic car in person.
And our last care tip is simple:
Go see the automatic car in person.
Many people don't know this, but it's not possible to test drive, or even start the engine of, a vehicle that's being sold at auction.
However, before the auction, it is possible to visit the vehicle in person at the yard.
So, before even placing an offer, go see the automatic car in person with a mechanic you trust.
Although the vehicle cannot be test-driven or started, it is possible to get inside the car, look at the engine, and have a good look around.
A professional's eye will be able to spot problems or tell if it's a good purchase!
So, before you place a bid, go and take a good look at your automatic car.
Is it worth buying an automatic car at auction?
For sure!
Buying an automatic car at auction is definitely worth it!
Ultimately, this is an excellent way to buy your car in great condition for prices well below the FIPE table value.
After showing you everything about this type of vehicle, now it's time to learn how to buy yours.
To find out the step-by-step process for buying an automatic car at auction and where to secure yours, you just need to click the button below.
How and where to buy an automatic car at auction.
Discover the key steps to buying an automatic car at auction and learn about the best options to snag yours today!
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