Currently, buying a new or used car in Brazil is not cheap at all. Even the most basic models are facing a price hike after the pandemic, which has significantly inflated the market. As a result, auctions have become an increasingly attractive option for those who want to get a new vehicle. With that in mind, today we are going to show you everything about one of the most popular models today: the Federal Police car auction.
This way, you will learn how it works, what the origin and where the vehicles that go to auction come from and, most importantly, you will learn how to register to bid! So, stay tuned and learn in a simple and practical way, so that who knows, you may soon be able to win the car you have always dreamed of. Federal Police car auction.
Federal Police car auction: how it works
Well, the Federal Police car auction follows the same standard model as other auctions that we are already used to. The items are put up for sale and bids are placed on the cars, with the highest bidder winning and taking the vehicle home. However, it is important to note that there may be a slight change in how online auctions work.
In a standard auction, items are put up for sale and interested parties can bid in real time and match any offer until one is not matched and wins. Right?! But there is another method that normally occurs in online auctions, where each person can make only one bid – starting from the minimum value of the vehicle in question – and wait for the final result, and it is not possible to see other people's bids. Afterwards, it is revealed the highest bid is the winner.
After that, the website responsible for organizing the auction will contact the winners. The goal is to speed up all the paperwork and payment procedures, to settle all pending issues as soon as possible and pick up the vehicle. And don't worry, after resolving these issues, the cars will be released and ready to drive without any problems on all roads in Brazil.
Where do cars come from?
Regarding vehicles – if you have any doubts about their origin – that are offered for sale, they almost always come from seizures made by the PRF. After this seizure, the owners have a certain amount of time to resolve all pending issues and remove the vehicle from the yard. If this does not happen, the Government or the banks (in the case of alienated cars) can seize the vehicles and put them up for auction.
These seized vehicles are almost always repossessed cars, that is, the installments were not paid correctly to the bank that financed the car. As a result, they are seized and taken to auction (if the owner does not regularize the payments) so that the institution can recover part of the amount ceded. This means that the cars that arrive at the Federal Police auctions are almost always in good condition.
How to register for the Federal Police Car Auction
Well, now you know where the vehicles come from and how safe it is to buy one of these. So, let's move on to the important part: how to participate? It's all very simple, actually! To get started, all you need to do is keep an eye on the opening of the Federal Police auction notices. The Notice will provide all the details you need to know, such as the chosen auction site, start date and a catalog with all the vehicles that will be auctioned, with details about year, condition, conservation, mechanics and much more.
To participate, you need to:
- Follow the opening of the notice;
- Create an account on the website where the auction will be held;
- Bid on the vehicles you are interested in;
- Wait for the final result.
If you manage to win a car, you will receive all instructions from the organizing website, with everything that needs to be done now regarding documentation and payment to pick up the vehicle. Without much bureaucracy and with small adjustments, you will soon have the car of your dreams at home! So, now it's up to you! Follow the notices, register and good luck!
