THE motorcycle auction, as we mentioned in previous articles on our blog, is a good opportunity to get the vehicle of your dreams at more affordable prices.
So today we're going to talk about the Santander motorcycle auction and how to participate in this type of auction to be able to buy your motorcycle.
About Santander
THE Santander Bank is a financial company founded in 1857 in Spain, which today has several branches in Brazil and around the world. The bank currently offers several financial services such as current accounts, loans and financing.
For this reason, today we are going to talk about motorcycle auctions organized by Santander which are vehicles coming from financing made by the company.
How does the Santander motorcycle auction work?
Although it is a great opportunity to get your first car or motorcycle, it is worth remembering that buying a vehicle at auction is synonymous with responsibility, as the new owner undertakes to pay off all outstanding debts.
Likewise, it happens in the Santander motorcycle auction, this is because many of the vehicles for sale belong to previous owners who were unable to continue with the financing, for example.
You Santander Bank auctions They are generally organized in partnership with auction companies and have an online website, where the customer can check the vehicle's complete details.
Typically, the dates vary each year and can take place near the end or beginning of the year. In 2020, the auction was held virtually in partnership with the company Sato Leilões in December.
These bank events are known because, in addition to having cars and motorcycles from big brands for sale, they also have affordable prices.
For example, cars like a BMW X1 SDRIVE with bids starting at R$ 24 thousand and a Hyundai Santa Fe V6 starting at R$ 50 thousand.
The motorcycles vary and the customer can find a Honda XRE 300 from 2016 for an initial price of R$ 6 thousand or a Mercedes Benz 311 from 2015 with bids between R$ 26 thousand and R$ 37 thousand.
But it is worth remembering that during the Santander motorcycle auction, Just like any other auction, the person who makes the highest bids wins. Therefore, we recommend that you prepare your wallet.
How to participate in the Santander motorcycle auction?
To participate in the event, you must wait for its official announcement on TV, newspapers, radio or access the website Santander Bank, intended for news about auctions.
Close to the event date, you can register on the auction's official website and have access to all the motorcycles that will be for sale on the day of the auction.
Every year, the bank usually publishes a notice a few months in advance for customers interested in participating, which includes all the regulations, such as the necessary documentation, fees charged, etc.
Generally, in some auctions, the customer, upon winning the bid, must sign a contract confirming the purchase of the motorcycle and pay approximately 30% of the bid amount to the company organizing the event, but this may vary depending on the company chosen.
Finally, if you want to buy a motorcycle through Santander motorcycle auction, pay attention to the dates and check the page Santander vehicle auction.