The Itaú car auction is a different way to buy your car in a special way, that is, with easy terms and at a much more affordable price. 

We've said many times that buying a car in Brazil is a difficult task. 

However, it is possible to overcome all these difficulties in a functional way.

As many people know, both brand new and used/pre-owned vehicles are out of reach for many Brazilians.

However, there is still a large number of Brazilians who need a vehicle to work and get around. 

Therefore, the Itaú Car Auction presents itself as a great way to get your hands on your own car.

And best of all: paying a truly fair and honest price. 

As you know, the Mr. Cars team works to help you. And in today's article, that's exactly what we're going to do:

To help you buy your car in a functional and affordable way.

So, let's learn about this amazing way to buy!

The Itaú car auction is a way that the institution, like other banks, has found to minimize losses from unpaid loans.

In other words, this is an auction similar to one for debt recovery. 

Every month, Itaú approves many vehicle loans.

However, due to the current financial situation, many people are defaulting on their loan payments.

And as we've already mentioned here, just one missed payment is enough for the bank to repossess the car. 

Therefore, in order to avoid losses, the cars are advertised at auctions.

In this way, the money obtained from the auctions goes back to the bank and everything is fine from a financial point of view. 

As we have just shown, the vehicles placed in an Itaú car auction are the result of financing that was not paid.

As is well known, when someone finances a vehicle, it remains in the name of the institution that provided the credit. This is the well-known lien.

Therefore, in the event of non-payment, it is simpler for the bank to recover the asset and avoid losses. 

This is a fairly common practice and, most importantly, it is permitted by law.

That's why we always tell our readers: if you have a loan, make sure you pay your installments on time.

Because even a simple payment delay can lead to the loss of the vehicle and result in significant financial loss.

That being said, it's time to move on to the positive aspects of this type of business. 

So, let's go! 

When we talk about the benefits of participating in this type of auction, it's undeniable that the main one is the price.

The value of a vehicle put up for auction is much cheaper. 

It is very common to find vehicles that cost up to half the value listed in the FIPE table. 

Furthermore, another point highlighted as beneficial concerns the state of conservation of the vehicles.

The vast majority of vehicles sold at bank auctions are in perfect condition.

There are even vehicles that can be considered to be in brand new condition.

That's why participating in this type of business is definitely a great benefit.

However, to succeed in this type of business, caution and a degree of attention are necessary.

And that's exactly what we're going to talk about now!

When it comes to buying vehicles at auction, a number of specific precautions must be taken. 

Although it's a great way to buy a vehicle, caution is advised.

So we've put together some special tips to help you avoid future problems and headaches. 

Let's learn about the main precautions?

Regardless of whether it's an Itaú car auction or any other type of auction.

Before even thinking about participating in an auction, go see the vehicle in person. 

And ideally, take a mechanic you trust with you. 

This is an extremely important tip, because vehicles from auctions cannot be tested or started.

And unfortunately, many people don't know this.

This is, in fact, an old rule. 

However, it is important to point out that in this type of auction, the vehicles offered rarely have mechanical problems.

Even so, it's always important to have a trained professional eye. 

After all, eyes that understand mechanics and bodywork can foresee some very unpleasant surprises. 

Although the auction features cars recovered by Itaú, the bank is not conducting the auctions. 

This type of auction is conducted by partner auction companies specializing in the subject. 

And today, more and more people are participating in this type of business. 

While this is positive, caution and utmost attention are necessary. 

This is because, although auctions are becoming increasingly popular and accessible, scams have also increased.

Therefore, one of the main precautions you should take is to look for a reliable auction house. 

Fortunately, this is a simple task to accomplish. 

The first tip regarding security is to check if the auction house's address actually exists. 

Although it may seem crazy, there are fake websites that use fake addresses. 

However, this can be circumvented through the famous Google Maps, and also through social networks. 

If there are discrepancies in the addresses, be suspicious. 

Another very valid tip is to check if the auction house holds the Secure Auction Seal. 

The Seal is a guarantee of the company's safety and integrity, which reassures the buyer. 

Finally, another valid strategy is to check if the auction house is registered with the state's commercial registry.

By law, only auction houses registered with the relevant commercial bodies can operate in this sector. 

This tip is actually an extremely important instruction. 

It is through the vehicle advertisement that you will have access to all the information about it. 

An important point here is to question whether the vehicle you want to bid on is really what you need and want.

That's because, at an Itaú car auction, there are many models available. 

Therefore, it's always good to consider more than one option when buying. 

This increases your chances of taking home a beautiful specimen. 

Furthermore, another point that requires close attention is the 

Furthermore, paying attention to the official announcement is another point of great importance. 

That's because the official announcement is where you'll find a lot of important information.

The main ones are:

Therefore, an important tip from our experts is that you should never enter an auction without reading the announcement or the auction notice.

And there's more:

If the auction notice does not exist, do not participate. 

This is because the auction notice is the document that guarantees the occurrence and security of the auction. 

Do we have a deal?

For sure!

As with auctions of vehicles repossessed from financing, the Itaú car auction only features cars in good condition.

And best of all, at prices up to half the cost.

Therefore, finding a copy in good condition for a great price is a simple task.

Now that we've shown you the benefits and precautions of this type of business, it's time to help you acquire your own copy.

But to do that, you have to click right below!