Car Auction
Car auctioned by court order: Find out if it's worth bidding on.
Understand what a car from a judicial auction is and whether it's worth bidding on a car with this origin.
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Discovering what a court-ordered auction car is.
When we talk about buying vehicles in Brazil today, there are many possibilities; however, some are easier and more attractive than others. With high prices, buying vehicles through auctions and other means has become increasingly common. auction car The judicial system is being sought more and more frequently.
Where to buy a car from a judicial auction
Discover the best options for buying your car at a judicial auction.
We've received a number of questions in our emails and article comments asking: what exactly is a car from a judicial auction?
Having received so many questions of this type, we decided to help you with this issue.
Our experts have prepared some very special content to show you what a car from a judicial auction is and whether it's worth bidding on one.
If you're looking to buy a car, want to pay below market value, and avoid any worries or headaches in the future, the following is more than essential reading.
So, want to learn more about your future car?
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Understanding what a judicial auction is
To understand what a car from a judicial auction is, you first need to understand what this type of auction entails.
Judicial auctions are now considered one of the most sought-after methods of purchase for those wishing to acquire valuable assets, such as real estate and cars, but at more affordable prices.
A judicial auction is a type of public purchase and sale that is conducted through a process executed by a judge.
This process can occur at the municipal, state, or federal level and only takes place in first instance proceedings.
It can be said that a judicial auction is an event used as a last resort by the courts to collect a debt, such as a mortgage or loan, for example.
The seizure of the property and its submission to judicial auction only occur after a series of attempts at renegotiation with the former owner.
Therefore, when there are no other alternatives to be tried, the court seizes the property and puts it up for auction, so that it can be sold.
The money raised at the auction is then used to pay off the debts.
In judicial auctions, it is possible to find luxury items from a wide variety of sectors, such as houses, land, antique furniture, sports motorcycles, boats, cars and even airplanes.
A recent case of cars ending up in a judicial auction was that of the soccer player Romário, who had his luxury vehicles seized due to debts with the tax authorities.
That's where your car from the judicial auction comes from.
A judicial auction is different from an extrajudicial auction.
Nowadays, a car from a judicial auction is often confused with property originating from an extrajudicial auction.
Unlike judicial auctions, which can only be executed by court order, extrajudicial auctions are also known as business auctions.
Extrajudicial (or business) auctions are promoted by large companies or financial institutions.
At this type of event, it is common to find companies that want to quickly sell their product inventories, such as vehicle fleets or large quantities of furniture, for example.
Therefore, these goods are offered at even lower prices so that they can be sold quickly.
Advantages of buying a car at a judicial auction
Buying a car at a judicial auction has some unique advantages that should be taken into consideration.
Because it is a public buying and selling event, without any profit motive, designed solely to settle debts, judicial auctions offer a number of advantages for those who choose to participate in this type of procedure.
According to our experts, the main advantages of this type of business are:
- Acquisition of vehicles with prices that can be up to 40% below the Fipe Table values;
- Wide variety of vehicles;
- An opportunity to make a safe and transparent purchase;
- The buyer bids on the amount they are willing to pay for the car;
- Option to participate in the auction via the internet.
4 important things to consider before bidding on a car at a judicial auction.
Although buying a car at a judicial auction can be advantageous, as we have just shown, it is always important to exercise caution and care before placing your bids.
To make this deal even more advantageous for you, we've outlined three important things to consider before you make a final decision. Let's take a look?
4. Check the car description in the ad.
Our experts' first safety tip before buying a car at a judicial auction is to carefully check the vehicle description in the auction organizer's advertisement.
It is only after a careful inspection that you will discover a wealth of information about the car.
After reading and rereading the ad, it's important to be honest with yourself.
Ask yourself if this is really the car you want and need.
It is very important to keep in mind that there are other cars from judicial auctions that can be bid on.
Therefore, it is always important to check for the availability of this type of vehicle at different auction companies.
This way, you guarantee the purchase of the ideal car while paying a fair price for it. Straightforward and functional, isn't it?
3. Find a trustworthy auction house.
This is a tip that's practically an order.
The internet has made people's access to auctions into something easy and accessible, which is positive.
Although this brings a number of advantages and increases your chances of buying a car at a judicial auction, caution is needed when choosing the auction and the company organizing the event.
The auctioneer or auction company is now the intermediary between you and your future van that will be auctioned off, so it's essential to find a trustworthy company.
The first step in verifying the security of an auction website is to check if the address provided on the site is genuine.
A great way to do this is to use Google Maps or social media such as Instagram and Facebook.
Another strategy that absolutely needs to be put into practice is to check if the company or auctioneer is registered with the state's commercial registry.
Only professionals registered with the commercial registry of their respective states are allowed to work in the auction industry.
Another safety measure is to check if the auctioneer or company has the well-known "Secure Auction Seal," an initiative by auctioneers to guarantee the safety of their clients.
So, only move forward after going through all these steps we've just shown you, okay?
2. Read the notice very carefully.
This is one of the most important tips before you even think about bidding on a car at a judicial auction: read the auction notice as carefully as possible.
Whenever a reputable auction company puts any item up for auction, from a simple electronic device to a car and even a house, for example, there will be a declaration notice.
It's not at all absurd to say that the auction notice is the bible of the auction.
In other words, it is the document that legalizes the holding of the auction.
And it is in this document that you will find all the information about your car from the judicial auction in a clear and straightforward way.
In the announcement you will find the following type of information:
- The minimum bid amount for the car;
- The date on which the auction will take place;
- The origin of the van that is being auctioned;
- What type of auction is it – is it judicial, corporate, etc.?
- What is the status of the car's documentation?
So, this tip is a real order: Don't enter an auction without first reading the terms and conditions!
And if the auction doesn't have a public notice, just walk away, don't participate!
1. Go see the car in person.
And last but not least, you need to see the car in person, and if possible, take a trusted mechanic with you.
This tip is important because many people don't know that auction vehicles cannot be started or test-driven before purchase.
But the car can be seen live, with your own eyes and your own hands.
A professional mechanic will be able to see things that anyone else wouldn't be able to see.
Seeing the car in person, with professional help, will give you more assurance and peace of mind when buying it, just as you could be advised against buying the vehicle.
Is a car from a judicial auction worth it?
After reviewing everything we've just shown you, you're probably wondering:
Finally, to conclude auction car Is legal action worthwhile?
Our answer is: yes! Absolutely.
As you have seen, the vast majority of cars obtained through judicial auctions have excellent provenance, which guarantees a smooth, reliable, and above all, economical purchase.
Conclusion
Now that you know that bidding on a car at a judicial auction is a good idea, you probably want to know where to find one!
To help you, we've compiled some excellent options where finding and buying your vehicle at a judicial auction is a quick, simple, and safe task.
To check it out, just click below!
Where to buy a car from a judicial auction
Discover the best options for buying your car at a judicial auction.
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