If you need a vehicle but think you won't have the money to pay the full price, you need to know that Machado Leilões is a reliable auction house. So, below, learn how it works and how to buy from them.

Ultimately, at an auction you can find cars with prices up to 50% below the FIPE table. So, even if you have to buy a used vehicle, the deal is worthwhile!

Machado Leilões is one of the oldest auction houses in Brazil. It has been operating since the mid-1970s and aims for excellence in the services it provides.

Furthermore, it contributes to the completion of processes and total customer satisfaction. Moreover, Machado Leilões is divided into two modalities, which are:

Furthermore, the auctions are conducted electronically (online), in person, or simultaneously (allowing anyone to participate in person or online under the same conditions).

Therefore, in the in-person auction format, a date, time, and location are set for the auction, where those interested must be present to place bids.

In the electronic or online format, the auction operates through bids placed via the internet, and in this case, registration on the website is mandatory, requiring the submission of documents and confirmation of registration by the system.

Finally, the in-person and online auction is a simultaneous auction. It takes place under the same conditions as the others and is equally reliable, especially when we talk about Machado Auctions.

But don't forget: to participate in the auctions you cannot be legally prohibited and you must be in free administration of your assets, okay?

In a Judicial Auction, the purchase can be finalized after immediate full payment by the winning bidder, either electronically or via judicial deposit. However, if the client prefers, they can pay in installments upon request from the Judge.

This occurs in accordance with article 895 of the CPC, with at least 25% of the bid being paid upfront and the remainder in up to 30 months, which entails an obligation to pay 5% of commission to the auctioneer and the Notary Office.

The Extrajudicial Auction has several conditions, the most popular being payment in cash, which can be up to 20% as a down payment, with the remainder due within the timeframe specified in the Auction notice.

Furthermore, this type of auction also includes a 5% commission on the auction price paid to the auctioneer. And now that you've seen the types of auctions and how they work, next you'll learn how to be a successful bidder.

Click here to see a step-by-step guide on how to buy from Machado Leilões and take advantage of this Rio de Janeiro-based auction house to buy the car you want without worries!

Based on our text, we hope you have had your questions about Machado Leilões answered and discovered whether or not it is reliable for your needs. After all, this is an auction house with many years of experience!

Furthermore, Machado Leilões conducts auctions with seized vehicles, which means they may be in excellent condition, simply forgotten in the yard by their former owners.

But if you're still not sure, no problem! We suggest you also check out the Federal Revenue Service's car auction as another option. There you'll find low prices and many vehicle options, so take a look!