There are people who change their car every 3 or 5 years. And this is something common and routine. However, what happens when the car is up for auction? Is it possible to sell a car at auction? The answer is yes! However, it is not as simple as you might think.
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Find out now and find out everything you should do before selling a car at auction.
What is an Auction Car?
Auction car is a normal vehicle, like any other. However, which was acquired through a auction house or public yards of transit agencies or the Federal Revenue Service. And unlike what many people imagine, an auction car is indeed viable and a great choice.
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Since, in some cases, it is possible to find models for less than R$ 10 thousand and, thus, leave with a 'new' car and with an excellent discount throughout the entire process.
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However, what about when you sell the car at auction? Is it possible? Well, let's comment in the next few lines.
Is it possible to sell a car at auction?
For sure! However, to sell an auction car, you need to be careful when purchasing the auction car. Since all documents must be in the owner's name in order to carry out the transfer process.
Therefore, if you have all the documents for the auction car, without any restrictions or restrictions, you can sell it at any time; even through an auction house, in personal conversation or through specialized stores.
The procedure is very simple and is carried out in two ways; at the notary's office for confirmations and signature validations, and later, at the Traffic Department of your state; in order to ascertain the condition of the vehicle and complete the transfer.
Read more: How to participate in a Used Car Auction?
What precautions should I take?
None in specific. However, in some cases the buyer asks the owner to leave the vehicle in their name; in order to avoid the fees for now; and this is a big mistake on both sides.
Since it is necessary that the car owner has all documents up to date and their documents are accurate; not to mention the possibility of the new owner committing an infraction and the fine going to the driver's license linked to the license plate.
Furthermore, it is only necessary to be careful with payment methods and bureaucratic issues; since if the vehicle is seized and is still in the name of the former owner, all responsibility goes to him.
Is it a good option to buy a car at auction?
For sure! Since in most cases, it is possible to obtain up to 60% discount on the vehicle's market value. However, remember to always opt for public auctions or those accredited by the responsible bodies.
Since to open an auction house, you must be an accredited member of the union; and if it occurs in an unregulated manner, the chances of causing a headache are immense!
Furthermore, it is a good option to buy, even if you later want to sell the auction car; Both are possible and the entire procedure is simple and quick to perform.