The auction market is well-established in many countries worldwide and is growing increasingly popular in Brazil, as it's a great alternative for those seeking good buying opportunities. Therefore, to help you, the experts at Senhor Carros have compiled the main and most frequently asked questions and answers about it. virtual auction. 

The coronavirus pandemic itself reinforced the practicality of doing everything online remotely, and although many people are still unfamiliar with this way of doing business, it is possible to purchase vehicles virtually from the comfort of your home in a more than safe manner. 

If you're looking to participate in an online auction and still have questions about how this type of purchase works, don't worry, we'll show you everything about it in today's article. 

Shall we check it out?

As we've mentioned many times, the car market is out of reach for many people. 

Today, cars in Brazil are among the most expensive in the world. 

The high prices in the new car market have led many people to seek out used and nearly new vehicles. 

With the high demand for used vehicles, their prices have automatically increased.

Therefore, many people have come to see auctions as a great way to buy vehicles at fair and honest prices. 

With the pandemic still raging, opting for online auctions is a great way to stay safe and still be able to snag some cars, motorcycles, vans, trucks, or scrap metal. 

However, whenever we talk about online auctions, many people send us questions with a series of doubts about the topic.

So, with the aim of making the subject more accessible to everyone, we decided to put together a series of questions and answers about online auctions. 

To help you become a true expert in vehicle auctions, we've compiled not one, not two, but eight questions and answers about auctions.

This is the chance you've always wanted to access valuable information about online auctions. 

Shall we begin to unravel this universe?

The first of our questions and answers about online auctions is quite straightforward. 

A virtual auction, also known as an electronic or online auction, is simply a way of buying over the internet where the highest bidder wins the vehicle. 

Even though the platform used is the internet, everything must occur in real time, and virtually everything that happens in a face-to-face auction is replicated. 

The principle is the same: the highest bid wins. 

But for this to happen, certain protocols are defined with security certificates, electronic signatures, and data confidentiality criteria. 

You just need to find a company that specializes in the activity and analyze the information in the tender. 

As we just showed, the rules of a virtual auction don't change much compared to the traditional model. 

Before the auction takes place, a public notice is made available. 

It contains key information about the vehicles being auctioned, as well as their characteristics and the established rules. 

Everything is very well explained, and you should realize that even though it's an online event, everything happens as if it were in person, with schedules and rules.

To place your bid on a car, motorcycle, van, truck, or scrap metal lot, simply check the buttons and links available on the auctioneer's page. 

In general, online auctions do not usually have restrictions for participants, and to place bids you must be over 18 years old and follow basic steps such as registering and becoming authorized on the auctioneer's website. 

The process is quite simple, which is positive because it greatly increases the chances of a large number of people participating and finding their dream vehicle at affordable prices. 

Once the site enables your profile, guess what? 

You can now place your bid, remembering that this registration is unique and non-transferable.

Then, in order for the bidding process to be considered fair and secure, you need to be aware of the payment terms, additional fees, requirements, deadlines, and details of offers and bids.  

Continuing with the questions and answers about online auctions, we have this very common question. 

Vehicles are currently the most sold items in online auctions across Brazil, and they are indeed a great option for you. 

The biggest draw of buying a vehicle in this type of deal is that, as a rule, you can find excellent opportunities, paying between 30 and 50% less than the FIPE table values. 

In this way, with a much smaller investment, you have the chance to buy a model from your dream brand without having to break your budget or pay MANY taxes, as happens with brand new cars. 

As if that weren't enough, vehicles sold at online auctions already come with the vehicle tax (IPVA) paid in full. 

So, do you think it's worth it or not? 

This is a very common and quite important question that absolutely needed to be included in this Q&A session about online auctions. 

The online auction was designed to be a safe and practical way to acquire a wide variety of vehicles over the internet. 

However, as in any market segment, there are people who wish to take advantage of the honesty, good faith, or carelessness of internet users. 

To prevent this from happening to you, you need to follow some specific and important tips. These are:

By following the tips we just showed you, you GREATLY increase your chances of finding a reliable online auction site. 

However, if you are truly seeking security, we suggest that you pay attention to spelling errors and suspicious activity. 

As we mentioned, one of the crucial points is the presence of the "Secure Auction" seal, an initiative of ALEIBRAS – the Brazilian Association of Official Auctioneers – to list institutions that are properly regulated in the sector and is only available to reputable auctioneers who are in full compliance with the legislation in the area. 

Once you complete your registration and are approved by the company, you can place bids and win your vehicle. 

And to do that, all you need to do is enter the competition with a full understanding of the terms and requirements of each stage.

You managed to scrape together some money, placed the winning bid, and won the vehicle you wanted at the online auction: now you have to pay. 

Of course, each company has its own ways and characteristics for conducting this type of transaction. However, generally, the only thing that is not allowed is cash. 

The most common ways to pay for your newly purchased car are through bank slips, credit cards, or financing. Simple, direct, and correct. 

And here we come to the last of the questions and answers about virtual auctions: the possibility of visiting the vehicle yard and seeing the available models. 

This is a way to bring peace of mind and confidence, especially to less experienced buyers who like to see everything live with their own eyes. 

So, to answer the question, yes! It is possible to visit the vehicles advertised in the online auction, but you need to schedule an appointment in advance. 

Remember that it is on the auctioneer's website that you will find information provided in the auction notice, as well as photos from various angles and details about possible damage, in addition to contact and customer service phone numbers. 

These are the main questions and answers about online auctions. 

Now that you know practically everything about this way of buying your vehicle, you must be wondering: 

Where can I find information? find a virtual auction Am I confident enough to place my bids and make a winning purchase?

To help you with this, we've prepared a special article to show you how and where to secure your car, motorcycle, van, or truck virtually and safely. 

Interested? Then just click the button below to find out!