Lots of Available Vehicles

Can auction lots for cars and motorcycles be financed? Yes, you can finance a vehicle purchased at auction. In this article we will explain how to do this, just read the article carefully.

Just because you don't have all the money to buy an auction vehicle doesn't mean you're out of the game. You can finance the vehicle and thus have your car at a low price and pay in light installments.

How to finance an auction vehicle?

Choosing a bank (Itaú, Bradesco, BB, Santander…) or a finance company (BV Financeira, Omni, Losango…) finances your client and pays you in cash.

In this case, the vehicle cannot be very old (up to a maximum of 15 years old, some banks also work with 10 years...) or if the vehicle has been damaged (recovered from a collision or total loss, for example) and the vehicle's documentation it needs to be impeccable, all in your name and without IPVA debts or fines.

The process is usually simpler than you might think: the bank authorizes the credit for the customer (it's good to check with the manager and find out if the purchase has been authorized), the bank releases the credit to the responsible auctioneer or to the bank responsible for the auction and in sequence progress is made in releasing the vehicle for you.

Talk to the manager of the bank or financial institution to understand the whole process, but know that it is a very common, calm and safe practice.

New Auction Vehicle Financing

Every vehicle that was recovered from financing can be financed again, once it was acquired at the auction, the purchase money was used to pay off previous debts, so the car can be financed again.

Don't worry if for some reason some bank refuses, others will certainly accept it, in addition to the fact that there is no law that prohibits the financing of auction vehicles.