Here you will find everything you need to know about auctions of cars and vehicles repossessed by finance companies and auctions of cars repossessed through financing in São Paulo (SP). Our goal is for you to make an excellent deal.

For example, did you know that, with these purchase options, you can get a discount when buying a car in good condition? That is, with the rise in prices of new and used cars, auctions become a good alternative for buying.

Thus, consumers are gradually realizing that buying at auction is safe. And they've realized that you don't need to be an expert on the subject to participate.

Furthermore, at auctions of repossessed cars from finance companies, you can find vehicles of the same quality as those sold in used car dealerships. So, learn more about this option below!

Okay, so at an auction of vehicles repossessed by finance companies, cars taken from owners who defaulted on their loan payments are offered.

Because when the transaction is completed, the buyer has the right to use the vehicle, but ownership remains with the lending institution until the debt is paid off.

Thus, ownership of the vehicle only passes to the buyer upon completion of the negotiation.

Therefore, when loan payments are not made, the lending financial institution repossesses the vehicle to cover the losses. And to recover some of the money, it puts the vehicle up for sale.

That is, at auctions of vehicles repossessed by finance companies. So, at these auctions, you will find cars at great prices and in good condition, as they have not suffered any accidents or damage.

Take, for example, the case of the Santoro Leilões auction, held in April of this year. In that event, a 2015 armored Audi Q5, with its 2022 vehicle tax paid, had a bid of R$ 31 thousand made online.

Given that, according to the Fipe table, a vehicle in the same condition is valued at around R$ 130 thousand. Therefore, this is an excellent deal, don't you think?

So, you've already seen that buying at an auction of vehicles repossessed by finance companies in São Paulo is an interesting option, haven't you? So, let's take a look at some of the best auction houses that hold these events.

It's important to remember that financial institutions typically hire only official auctioneers to conduct auctions. This is because they have the necessary approval from the São Paulo Board of Trade.

Sodré Santoro Leilões is one of the largest auction agencies in Latin America and has been operating in the market for over 40 years. Therefore, it possesses extensive experience in conducting judicial and extrajudicial auctions.

Furthermore, the auctions take place both in person and online. Additionally, the company is headquartered in São Paulo and possesses the necessary infrastructure to ensure the successful and safe execution of the events.

Well, Sato Leilões has been operating in the auction segment since 2004, acquiring throughout this period the necessary experience to conduct any auction of vehicles recovered from finance companies with quality.

Thus, over time, it has become a benchmark in the sector. It offers security and transparency to both its seller clients and buyers.

To that end, it has an excellent infrastructure with its own headquarters, located in the city of São Caetano do Sul, Greater São Paulo. It maintains an auditorium and courtyards, in an area of over 30,000 m², offering comfort to its clients.

Furthermore, the company stands out for its pioneering role in holding online events. It uses cutting-edge technology to guarantee complete security and transparency for auction participants.

Furthermore, it has an experienced team of collaborators. They offer differentiated customer service through a modern system that provides all the necessary information about the auctions.

Milan Leilões is a company that has been operating as an official auctioneer in the sector since 1985. The company is headquartered in the city of São Paulo and has an administrative and logistical infrastructure that includes an office, auditorium, yards, and warehouses.

Furthermore, it has an experienced team in the field, which provides all the necessary support to meet the needs and expectations of all its clients.

According to market research, the company was a record-breaker in sales in 2020, holding events for a wide variety of clients (those who sell).

So, Guariglia Leiloeiro is yet another company that conducts auctions of vehicles recovered from finance companies in São Paulo. The company's headquarters are located in the city of Caçapava, in the interior of São Paulo state.

It has an infrastructure that includes: an office, auditorium, parking, warehouses, and a covered area. All this to serve its clients with greater comfort and peace of mind.

She has been operating in the market for over 20 years, conducting judicial and extrajudicial auctions. You can participate both in person and online, using a modern technological system.

In this way, it provides its clients with a service delivery based on credibility and transparency.

Okay, so an auction of vehicles repossessed by a financial institution or financing company in São Paulo is usually conducted by an official auctioneer who is responsible for organizing the entire event.

So, to find out the dates of upcoming auctions and also to view the auction notices, you should search the websites of the auction houses mentioned above. This way, you will find the auction that interests you.

So, if you're thinking about buying a used car in excellent condition for a price below market value, don't wait any longer. Start your research now and you're sure to get a good deal.

And if you'd like to learn more about this type of auction, click the link below for more information about auctions of cars returned to banks.