Learn how the motorcycle auction works

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Have you ever heard of a motorcycle auction? If you haven't heard it, don't worry, because during this text we will explain what it is and how it works in a very simple way.

But basically what you need to know is that the motorcycle auction is an excellent opportunity for people who want to buy a motorcycle at more affordable prices.

But after all, what is the Motorcycle Auction?

The motorcycle auction is a unique opportunity to be able to buy or even if you want to sell a motorcycle. Generally, the motorcycles that are for sale are seized by the IRS.

In addition, it is much more common than you might think, in which a large number of these motorcycles are seizures in which the owner did not pay the financing or even went through a blitz and was unable to prove its regularity through the vehicle documentation.

However, when the motorcycle belongs to a financial bank where the owner was unable to pay a loan, for example, the motorcycle ends up with the responsible company.

Learn how the motorcycle auction works

How is the auction of seized motorcycles?

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When motorcycles are apprehended, their owner has up to 90 days to present the necessary documents and pick them up at the Detran yard where they are located. However, if you exceed this deadline, the vehicle ends up going to auction.

How does the motorcycle auction work?

In the motorcycle auction, potential bidders must place their bids and, as in other types of auctions, whoever manages to place the highest bid will be able to take the motorcycle home.

In addition, the auction is always conducted by an official auctioneer who will assess the value of each motorcycle for sale. It can also happen that vehicles are sold in separate lots, but this is on the website and all lots are available.

After announcing the buyer who won the auction, it is necessary to go through basic procedures, such as an acquisition contract for the acquired good.

In the same way, the person who buys the motorcycle they are interested in will not be able to withdraw from the purchase after the bid has been made, so it is necessary to know if you really want to buy the vehicle.

Learn how the motorcycle auction works

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But what is the function of the auction of these motorcycles?

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As we mentioned, when the vehicles are seized by the Federal Revenue Service or another agency and they cannot stay in the yard for a long time. For this reason, they are passed on through auction to new owners and potential interested buyers.

And most of the time, the former owners are unable to regularize all the necessary documentation and get the vehicle back. Therefore, most of the time their destination is the auction.

How to participate in a motorcycle auction?

There are auctions for public bodies and the auction for automakers, banks and others. Therefore, it is recommended that you contact the interested company and seek more information and read the public notice.

For example, in the case of IRS, you can access the official website made available and the government auction notices will be available.

But before choosing the desired motorcycle, it is necessary to pay close attention to the description of the ad, in this way avoiding acquiring a vehicle that may present problems.

In addition, most companies have websites on the Internet where interested parties can access the complete data sheet of the motorcycle for sale.

One of the main and biggest advantages that attract buyers to these events are the very affordable prices, but as mentioned above, it is necessary to look for reliable companies and even public bodies.

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