Find out how to buy your car at Bank Auction.

With the opportunity to purchase a car at a much lower price, the demand for vehicle auctions is growing more and more every day. With the crisis, many consumers stop paying their financed car payments and end up having to return them to the banks.

In Brazil, auctions of cars seized by the bank are held periodically. Recovery occurs due to the default of the vehicle owner, who stops paying the installments.

With no other option, the bank ends up filing a warrant for the vehicle to be seized and recovered. Therefore, there is a large accumulation of seized vehicles, which makes these auctions possible.

For those who want to invest in a new car, without spending a lot, auctions of cars seized by banks are excellent opportunities. Because they are carried out by serious banking institutions, the chances of finding vehicles in good condition are greater.

Where to find car auctions?

You can find auctions in newspapers, on the auctioneer's website, such as:

Mainly through the banks' own website, where more information on auction dates and times is usually available.

Auction payment methods

One of the positive points of auctions is that cars seized by banks can be up to 70% below market value. However, you must have the money on hand to place any bid, payment must be made in cash, without installments or financing.

How to see the vehicles that will be auctioned by photo or in person?

Through the auctioneers' websites it is possible to follow the notices and see photos of the vehicles that will be auctioned, in addition, there is also the possibility of visiting on the date and time chosen by the official auctioneer.

Banks that hold vehicle auctions!

An excellent option to buy cars from auctions is using banks, which are: Banco Itaú, Banco Santander, Banco do Brasil, Caixa Econômica Federal.

In addition to these, we can talk about several other options, such as city hall auctions, DETRAN seizure auctions, Detran SP Car Auction, Detran BH Car Auction, MG Car Auction, among many others.

In these types of auctions it is possible to find more varieties of preserved cars. For this reason, we can say that it is worth investing in this type of auction.

To find out everything about vehicle auctions, browse our page by clicking.