Is it worth buying vehicles at auction?

Many people are unsure when they hear about buying vehicles through auction, the biggest reason for this fear is not knowing exactly how these auctions work and not knowing the origin of the vehicles.

As these vehicles come in values, most of the time much lower than the value in the FIPE table, it is believed that these vehicles have some legal or mechanical problem.

Is buying a vehicle at auction worth it?

Many fears and concerns are involved when we talk about vehicle auctions. The first fear is in relation to the majority of these auctions, which are normally organized by companies and public bodies, in addition to some insurance companies. We will help you with other possible fears with simple tips.

Advantages and disadvantages of buying vehicles at auction

As this type of purchase is more economical, first of all it is important to be prepared, plan ahead and have financial discipline, as this type of purchase is always made in cash.

Therefore, the first step to buying a vehicle at auction is to have a sufficient amount saved. On average, it is possible to get discounts of 30 to 60% on the Fipe table value of the vehicle in question, but it is worth remembering that in this case there is a chance that you will need to spend on some repairs and adjustments.

If you want to participate in a vehicle auction, it is important to follow the schedules of the different types of auctions.

It is very important to understand that there are some challenges when purchasing vehicles through auction, such as regularizing documents, the need to go to an event, which usually starts early, and competing with professional people.

Vehicle inspection

The inspection is one of the most important steps when purchasing a vehicle at auction, it allows you to get an idea of how much you will spend on maintaining the vehicle, which will tell you whether it will really be worth the purchase and whether the motorcycle will be able to meet your needs. need.

Therefore, if possible, it is important to take a mechanic you trust when carrying out the inspection, or at least know vehicle mechanics.

This way you can avoid a series of problems and surprises and still be able to make the purchase for an even better value. So much so that it is quite common for mechanics to purchase these vehicles, carry out the necessary maintenance and sell them at a higher price.

This happens a lot with car agencies, who tend to make this type of purchase, one of the easiest ways to make a better profit.

We have prepared a special article for you. Find out more about how auctions for motorcycles recovered through financing work by clicking HERE.