The auction can be considered a great opportunity to buy a car or motorcycle for those who need one, whether as a means of transportation or for work.
With that in mind, today we're going to talk a little about how it works. Federal Police Auction which takes place every year, in which various seized goods, including cars and motorcycles, are auctioned.
How does the Federal Police Auction work?
THE Federal Police Auction It's an annual event where various goods are auctioned at more affordable prices. Cars and motorcycles have been seized and are sold at lower prices than in stores and dealerships. However, these vehicles often have outstanding debts and irregularities.
A few weeks before the event, buyers should keep an eye on the official website of Federal Police where an announcement about the auction will be made available, as well as access to the website where the auction will take place.
Generally, the event is virtual in which buyers can be individuals or legal entities, create a quick registration on e-CAC to be able to participate in the auction.
How to participate in the Federal Police Auction?
As mentioned above, to participate in the Federal Police Auction, all individuals and legal entities can register, as long as they have a CPF or CNPJ.
Registration is done through Virtual Taxpayer Service Center (e-CAC) in which a valid digital certificate will be created, in the option called “Electronic Auction System”.
After being created the Digital Certificate on the website of e-CAC, you can create a login using your CPF or CNPJ. This certificate serves as a power of attorney allowing the buyer to participate in the auction.
During the auction, buyers can bid based on a price range based on the model and year of the car or motorcycle. For example, a popular car might have a minimum bid of R$ 500 to R$ 30,000.
It is also worth remembering that interested buyers can choose to view the vehicle in person and schedule a visit to the yard. Federal Police, where the vehicles are located 2 days before the event takes place.
Is it worth buying a car or motorcycle at the Federal Police Auction?
First of all, it is important to remember that a auction car or motorcycle, when purchased by a new owner, it needs to be regularized and therefore, it is necessary to have a good amount of money to pay off debts and possible mechanical adjustments.
For this reason, it is important to keep in mind that no matter how cheap the bids for a particular model are, you will still have to bear other costs.
Another important point is that a auction vehicle, tends to depreciate over time. For this reason, many prefer to buy a car or motorcycle in stores, dealerships, or even take out a loan.