Acquiring a vehicle at a business auction is a great deal these days when it comes to getting a car. And did you know there are different types of auctions to choose from? Yes!

Although it's generally believed that all vehicle auctions are the same, this isn't true. At each auction from a different company, you might find a specific vehicle that isn't available at other auctions.

So, below we'll explain everything about how this type of auction works: what it is, its benefits, and which business auctions are best suited for you to participate in. Keep reading!

Generally speaking, there are auctions originating from public bodies, such as those held by the Department of Motor Vehicles (Detran) and the Federal Police, for example. There are also auctions conducted by banks or financial institutions. 

Furthermore, there are also business auctions, which, as the name suggests, are organized by companies! In fact, along with bank and finance company auctions, experts point out that these are the best ones to participate in. 

However, as with any type of auction, care must be taken to ensure a successful purchase without problems or headaches in the future. Therefore, today we're going to explain the precautions to take in this type of transaction! 

So, are you interested in buying a car in excellent condition and paying below the market value? At a business auction, this is a simple task! 

A business auction is a type of auction where companies put their assets up for sale to purchase new items. This applies to electronic equipment, furniture, and even vehicles of all kinds!

Regarding these vehicles, it's common for companies to keep them for a short time. For example, it's normal for them to be driven less than 50,000 km before being sold, all for the sake of cost savings and employee safety. 

Furthermore, companies often buy cars with a number of advantages not offered to individuals, such as purchasing a vehicle through a company tax ID (CNPJ) or receiving a discount on the total price.

Therefore, naturally they end up becoming cheaper. In this way, when the vehicles reach a certain mileage or a certain age, the company puts them up for auction. 

And, since the company paid less for the vehicles and they were used to make money, even if they are cheaper than the FIPE table value, the company does not incur a loss. 

So, with the money obtained through the auction, a new fleet of vehicles is purchased! Incidentally, business auctions are common and occur from time to time, so the important thing is to take advantage of them! 

The main benefit of buying a car at a corporate auction is the price, there's no denying that! After all, the prices at a corporate auction can reach up to half the values listed in the FIPE table. 

Furthermore, another advantage of acquiring a vehicle at this type of auction concerns its condition. After all, as we mentioned, it's common for company vehicles to be sold before they reach 50,000 km. 

And there's a reason for that: this planned obsolescence aims to avoid expenses for fixing problems. After all, brand new vehicles only start showing the need for corrective maintenance after 50,000 km. 

Before that period, only preventive maintenance and replacements are necessary, which ensures economical use. This also means that the car acquired at a corporate auction is in excellent condition. 

That's why investing in a car of this origin is a good idea! But even so, our experts say: you need to take some precautions before bidding on this type of vehicle.

Although business auctions are a great way to get a vehicle in excellent condition and at attractive prices, some caution is needed. 

We've outlined the main precautions you should take before attempting to purchase your copy. Check everything carefully to avoid falling into a trap! 

We'll start with a valuable tip. Fortunately, the internet has made it easier for many people to access online vehicle auctions. However, caution is necessary. 

Ultimately, with the popularization of auctions, many unscrupulous individuals have begun to perpetrate a series of scams in this type of business. Therefore, always seek out a trustworthy auction house. 

Ultimately, they are the intermediary between you and your car from a business auction. Therefore, our first tip is: check the physical address! In other words, verify that the address listed on the auction house's website actually exists. 

You can do this using Google Maps, for example, or social media. Additionally, you can go to the address yourself to see if it's abandoned or not. 

Another effective strategy is to check if the auction company is registered with the state's commercial registry. After all, only auction companies registered with state commercial registries can operate in the auction business. 

And last but not least, look for the Secure Auction Seal! The Secure Auction Seal guarantees that the auction company is trustworthy, okay? So, be sure to check it! 

The vehicle advertisement contains all the information about the car. Therefore, when reading the ad, be critical and ask yourself if the advertised car is what you are looking for. 

An important point about business auctions is that there are always several models and examples being offered. Therefore, look at all the options available and not just a single model. 

Reading the official announcement is also important. It's in the announcement that you'll find a range of information, such as:

And finally, we have an important tip: if there is no public notice, do not participate in the auction! This is because the public notice is the document that legalizes the auction. 

Here's another valuable tip for you! Few people know this, but it's not possible to start or test drive a car from an auction. This is an old rule of this type of business.

But before the auction takes place, it's possible to see the vehicle in person. So, before placing any bids, go see the car in person, along with a mechanic you trust. 

Although the vehicle cannot be test-driven, it is possible to observe it in minute detail. This will allow your mechanic's professional eye to spot any problems or ensure it's a good purchase. 

So, before bidding on a vehicle at a business auction, go see the car with your mechanic, okay?

Well, by now you should have realized that acquiring a car from a company auction is very worthwhile, and as we've shown you, the benefits of this type of purchase are incredible.

However, caution is advised before you start bidding. But don't worry. Just follow our tips and you're sure to get a great deal. 

So, at this point you must be wondering: where and how can I buy a car from a corporate auction? Don't worry, we'll help you. 

Our experts have selected excellent options for you to find and bid on your business auction vehicle. To check out each of these options, just click below!