With the emergence of the pandemic, there has been an increase in the number of people interested in buying new cars at auctions. This is largely due to the fact that car prices at auctions tend to be lower than the market average.
To get involved, it's vital to stay informed through the Federal Revenue Service website and follow the established guidelines. Still have questions? Then let's clarify how you can participate in Federal Revenue Service car auctions!
Advantages of participating in a car auction
Significantly lower prices
The first and perhaps most attractive advantage is the opportunity to acquire cars at auction for much more affordable prices. This is because the government also incurs expenses to maintain these vehicles in the yards and, therefore, chooses to sell them, making it a more profitable option.
Given the current economic crisis, where most products on the market have high prices, the automotive sector is no different. Therefore, both new and used cars are being sold at higher prices.
Given this reality, cars at public auctions can be acquired for up to 50% less than market prices, as reported by buyers. This means that on a car valued at R$50,000, you can save up to R$25,000.
No debts
Another major benefit of auctions is the absence of installment payments, which are common in financing.
In auctions, payment is made in full and upfront. This means the buyer pays less than the market price in a single payment and is free from interest or fees. This feature makes auctions a very advantageous option compared to financing.
Another benefit is that cars auctioned by the government undergo regular maintenance to repair any defects. Furthermore, the Federal Revenue Service holds regular auctions of its cars during the so-called "fleet replacement cycle," which occurs when vehicles reach 40,000 km.
Precautions to take when participating in a car auction
The main precaution to consider relates to the cost of the auction. As mentioned, the tax office does not offer installment payment options; all payments must be made in full.
If a lot is auctioned off and payment is not made, the tax authorities will immediately apply a fine. Therefore, avoid bidding beyond your ability to pay and do not participate in auctions without first verifying the condition of the vehicles offered.
How to participate in the Federal Revenue Service's car auction?
Imagine buying a new car without having to make monthly payments and deal with high interest rates? That's precisely why you need to know more about car auctions, especially those organized by the Federal Revenue Service.
It is important to note that the Federal Revenue Service conducts its auctions through the Electronic Auction System (SLE), which can be easily accessed through the Federal Revenue Service website under the option "View Auctions".
To participate, it is essential that the interested person has a valid digital certificate, as the system uses this certificate to enable participation in the auction.
During the registration process to participate in the auction, the website will request an access code to ensure security. This code can be generated on the website itself, following the steps below:
• Access the official website of the Federal Revenue Service;
• Select the option “Services for Citizens”;
• Next, select to generate the access code;
• Go to the “Access Code for Individuals” section;
• Please fill in the requested information carefully.
