While many look to vehicle auctions as a way to buy a car, motorcycle, or even a van, others prefer to participate in scrap auctions as a way to make money with high profit margins. 

Ultimately, making money from scrap metal auctions is entirely possible and is becoming an increasingly common practice among Brazilians. So, if you want to raise significant amounts of money, that's what we're going to teach you. 

Participating in scrap metal auctions is relatively simple, and even much easier than most people imagine. However, it requires proper registration and adherence to some very simple rules. 

To help you in this endeavor, we've outlined the four necessary steps for anyone wishing to enter this field. Let's explore each one? Read on!

Contrary to what many may think, to participate in a scrap metal auction, it's not enough to simply show up and say, "I want to participate." 

Only individuals who own a registered and licensed auto dismantling company (commonly known as a scrap dealer) with the Department of Motor Vehicles (Detran) can purchase a lot from a scrap dealer at auction. 

Registering as a scrap dealer is quick and easy and can be done directly on the Detran website or at any of the department's physical offices – it's that simple!

Another step to participate in a scrap metal auction is to register directly with the auction house that will organize the event where there are lots you want to buy. To do so, simply provide the following information:

After registering, simply wait for approval and complete your activation. Quick and easy. 

After you register, your approval will happen almost automatically. Generally, approvals take about 10 minutes to be completed. 

Once you're approved, you'll be very close to participating in an auction to buy scrap metal. All that's left is your registration, another very simple step. 

To become eligible, you simply need to log in to the auction house website where you just registered, choose the auction you wish to participate in, and that's it. 

You will automatically be enabled and able to participate in the bidding for the purchase of scrap metal, which, as you have learned, should not be called by that name. 

And that's it! Once you register, receive approval, and are authorized, there's nothing else to do. You can participate in the auction and buy one or more lots. See how simple it is?

So, now that you know how to participate in a scrap metal auction, it's time to find out where to find these auctions. Let's go?

After reviewing safety tips and how to register with auction houses, we'll now show you where to secure the best lots to place your bids and start making profits. 

We've selected 4 places where participating in scrap metal auctions is a simple, quick, fun, and highly profitable task. Want to know more?

Our top choice for participating in scrap metal auctions is Sato Leilões. With over two decades of experience in the field, the company has a track record of selling more than half a million items at auction. 

Among them are many vehicles considered scrap. In fact, Sato is famous in the auctioneering world for its pioneering spirit: it was one of the first to hold virtual auctions.

Furthermore, the company now boasts an enviable infrastructure, including a yard spanning over 400,000 square meters. Incredible, isn't it? All these figures demonstrate the auction house's commitment.

Our second option is Sodré Santoro, an auction house with over 40 years of experience in the field and currently the largest auction organization in all of South America. 

It is the pioneering institution in offering vehicles and scrap metal from insurance companies. Therefore, it has made auctions more accessible to a large audience, which has increased the number of buyers and sales. 

Another major highlight of the company is that it has the largest storage yard in South America. More than 3,000 vehicles and scrap metal are traded there every month at very low prices. 

As one of the most traditional auction houses in Brazil, Sodré Santoro was also the first to hold online and live auctions. 

Therefore, with auctions taking place every day both virtually and in person, finding and buying scrap metal lots from the company is quick, safe, simple, and inexpensive. 

With many years of experience in the auction industry, Freitas Leilões is known for its broad scope across different types of auctions. 

Freitas Leilões has a gigantic office in the central region of São Paulo, in addition to two equally grand auction yards in the metropolitan area. 

Another very interesting point that deserves highlighting and mention is that Freitas Leilões has banking institutions, financial institutions, and a number of insurance companies among its clients. 

This makes the company one of the best organizers of extrajudicial auctions, which are the best for finding vehicles in excellent condition and at excellent prices, including those considered scrap. 

And our last option for you to participate in scrap metal auctions is VIP Leilões, which has been in the auction business for over 20 years and provides clients with excellent bidding options, with security and peace of mind. 

Furthermore, VIP Leilões has a presence in over 30 cities and 16 states in Brazil. In addition, it currently owns more than 800,000 square meters of yards dedicated solely to storing its vehicles, whether salvaged or not. 

Another important point is that VIP Leilões has its own technology to conduct online and in-person auctions simultaneously. Furthermore, the auction house has over 300,000 registered buyers.

Now that you know how to participate in scrap metal auctions and have discovered that this is a great way to make money, don't waste any more time: put what we've just taught you into practice and secure your profits!

But if your business is buying and reselling motorcycles, you should know that it's also possible to buy motorcycles at auction to resell them with a great profit margin. Intrigued?

We have content showing you the 10 best motorcycles to buy at auction to resell and make a lot of money. To find out what they are, just click the button below!