Just as important as knowing how to buy is saving money at car auctions. 

Known for making it possible to buy vehicles at more affordable prices, it's possible to buy even cheaper cars at vehicle auctions. 

Today, new and used cars are experiencing a real price surge. 

Due to the high dollar exchange rate and the lack of parts, buying a car in Brazil has become a difficult task!

However, the good news amidst all this is that auctions have become more popular. 

Once viewed with antipathy and prejudice, an increasing number of people are turning to vehicle auctions to secure a car. 

With affordable prices and excellent quality vehicles with proven origins, vehicle auctions are becoming increasingly popular among Brazilians. 

And best of all: It's possible to make something that's already good even better! 

In other words, contrary to what many people imagine, it is possible to save money at car auctions. 

Although this may seem a bit difficult, our experts are already giving you the answer:

It is possible to buy a vehicle at auction in excellent condition and still save money on the purchase. 

Want to know how to save money at a car auction and avoid scams? 

So, just read our article today! 

Car auctions are known precisely for making it easy to buy a vehicle economically. 

However, there are some ways to make the purchase even more economical. 

So, with the goal of guiding you to make an excellent purchase and guarantee maximum savings, our experts have created a comprehensive guide. 

This dossier contains incredible tips on how to save money at car auctions. 

In addition, we've gathered some great information on how to avoid scams. 

In other words, the tips we're about to show you are unmissable. 

Shall we begin?

Let's start with the most important tip of all, which is useful both for saving money and for avoiding scams. 

Reading the official announcement is mandatory for everyone. 

Ultimately, the essential information about the auction is available in the auction notice. 

In this document you will find information such as:

Date and time of the auction, location, starting bid, payment methods, vehicle condition, any outstanding issues, and other information about the car. 

The tender notice is like a contract for the buyer and should not be ignored. 

Reading carefully will allow you to know the maximum amount to spend and is an excellent guide for saving money at car auctions, as well as avoiding scams. 

Therefore, always read the auction terms and conditions before participating in an auction. 

And there's more:

If there's no public notice, don't participate in the auction, because it's definitely a scam! 

Just as important as reading the auction notice is reading the vehicle advertisement. 

The vehicle advertisement will give you access to a range of crucial information about the car. 

At a reputable auction house, the listing includes information about the car's condition, as well as any outstanding paperwork. 

Thus, with all this information at hand, it is possible to perform a series of calculations. 

When reading the advertisement, you should calculate the starting bid amount, any necessary repairs, and any required documentation. 

With this, you can set a maximum bid for the car. 

This is an excellent way to save money, after all, you know the maximum amount you can spend and you don't exceed that limit. 

Furthermore, evaluating the car advertisement is important because it ensures a logical assessment of the purchase. 

Therefore, when reading the advertisement, ask yourself if the vehicle in question is what you are looking for. 

This way, you avoid impulse purchases and save money. 

Auctions are known for their affordable prices. 

However, that doesn't mean you shouldn't research vehicle prices elsewhere. 

Although it's possible to buy a car for up to 50% below the list price at an auction, it's always good to keep an eye on prices. 

When you come across a model that caught your eye at an auction, do the following:

Search for prices elsewhere. 

Marketplaces and startups are great benchmarks for evaluating value before bidding and winning your car at auction. 

Therefore, our experts suggest that you look for prices in the following places:

By researching prices and reading the auction notices, you can make a calculation and "see" if it's worth buying a car at auction.

Price comparison is one of the most effective ways to save money at car auctions. 

Due to the pandemic, many in-person auctions remain suspended.

However, most auction houses have been conducting their car auctions online. 

This type of practice is legal and supported by law, it's important to mention. 

But to attend and consequently participate in a vehicle auction, you need to go through the following steps;

Register on the auctioneer's website, qualify, place your bids, and finally win the auction for your chosen car! 

So, before trying to buy your car at auction, register and watch some auctions. 

This will allow you to understand how to behave in this type of transaction, as well as discover the right times to place your bids and take your new car home. 

Participating in an online or virtual auction is simple, but you need to be familiar with the process so you don't spend more money than you should. 

If you live near the auction house, go to the yard and check out the vehicles that interest you in person. 

Oh... and take a mechanic you trust with you. 

In addition to verifying that the vehicle actually exists, you also conduct a visual inspection of the car, which is very important when buying at auction. 

Many people don't know this, but it's not possible to test drive or start a car purchased at auction. 

This is an old rule that remains valid to this day. 

Therefore, having a mechanic with you can check for any damage that requires maintenance. 

Based on the price and your mechanic's assessment, you'll know whether or not it's worth going ahead with the purchase. 

This is one of the main tips for saving money at car auctions and avoiding scams. 

Due to the pandemic, not all courtyards allow unobstructed visits. 

Therefore, it is necessary to contact the auction house in advance and schedule a time for a visit. 

Although many auction houses provide photos, videos, and descriptions, ideally, before bidding, it's essential to see the car in person. 

One of the most important tips for saving money at car auctions and avoiding scams is to calculate your expenses. 

Vehicles sold at auctions are indeed cheaper. 

However, it's necessary to do some preliminary calculations before placing your bids and trying to take your car home. 

Therefore, our suggestion for performing a proper calculation is as follows:

All this information can be obtained through the public notice, the announcement, and after an in-person visit. 

So, put everything down on paper and evaluate the purchase. 

Whether the purchase is for personal use or resale, the rule is clear:

Do a preliminary calculation! 

Vehicle auctions have become popular in Brazil, and while this is positive, caution is necessary. 

This is because with the increased demand for auctions, there has also been an increase in scams involving this type of business. 

Therefore, before participating in any vehicle auction, check everything about the company organizing the auction. 

Our safety tips include looking up the company's address, reading reviews, checking the auctioneer's registration with the commercial registry, and verifying the "Secure Auction" seal.

Finding the company's address is easy and simple and should be done using apps like Google Maps. 

Furthermore, obtaining information about the auction house is another simple task. 

Simply visit websites like Reclame Aqui (a Brazilian consumer complaint website) or check the auction houses' profiles on social media. 

There you can find reviews and find out if the company is truly trustworthy. 

Another important point is to check if the auction house is registered with the commercial registry of the state where it operates.

Only companies registered with the commercial registries of their respective states are authorized to operate in the auctioneering business. 

Finally, look for the Secure Auction Seal.

The Secure Auction Seal is a security authentication from ALEIBRAS – the Brazilian Association of Official Auctioneers.

Only auction houses registered with the Association have the Secure Seal.

And our last tip for saving money at car auctions and avoiding scams is to check the payment account. 

When participating in a car auction, always pay attention to the payment methods. 

When making a transfer, deposit, or paying the invoice for the auctioned car, make sure the account is in the name of the official auctioneer or company. 

Under no circumstances should you make payments in the names of third parties, as many scams have occurred in this way. 

Furthermore, it's important to emphasize that in an official auction, it's not possible to back out of the purchase after the winning bid. 

Therefore, think very carefully before sending an offer!

Now that you know the main tips for saving money at car auctions and avoiding scams, we'll continue to help you.

Many people have been using auction websites to buy their cars virtually.

However, in the digital world, scams have become increasingly frequent. 

Therefore, to avoid scams and ensure a safe purchase, our experts have created a guide.

In this guide, you'll find 8 foolproof tips to ensure that the auction house's website is secure!

So, to check and make safe purchases, just click on the link below!