Santander bank auction motorcycle financing.

 Many people need to change motorcycles or buy their first motorcycle, but what few people know is that a motorcycle auction can be an excellent option to buy a new or used motorcycle in very good condition.

Let's talk here about this promising market for selling motorcycles by auction. With great savings and the opportunity to finance the full value of the motorcycle after the auction.

How to participate in a motorcycle auction

There are many types of motorcycle auctions, one of the most popular is the bank motorcycle auction. In other words, they are those motorcycles that were taken back from their former owners to the banks, as a way to settle all outstanding previous debts.

It is common for people to give an entry fee to purchase a new motorcycle, and finance the remaining amount through banks. However, when the remaining balance is not paid properly on time or just stops being paid, the banks seize these motorcycles as a way to settle the debt with them.

Soon after, these motorcycles are revised, released and sent to the auction. That is, they return for sale in excellent condition.

Finance your motorcycle at Santander

Santander financing for motorcycles is a Direct Consumer Credit (CDC) modality that can be paid in up to 72 installments and paid via checks, booklets or direct debit (for those who have a bank account).

Installment:

If everyone knew how simple it is to pay in installments with Santander, they would close the deal right now, as the bank gives customers the possibility to choose the value of the installments.

This way, it is much simpler to plan so that the financing fits into the monthly family income, so that it does not have problems with the installments over the months, thus avoiding defaults.