How to participate in the official auction?

Want to participate in the official auction? Check out the step-by-step guide on how to register, place your bid and much more!

Are you interested in participating in the Car Auction? Well, now you know that this could be a great opportunity to buy a car for a affordable price.

But if you don't want to pay the amount in cash, know that financing It may be a good option for those who want more time to pay. Learn more about this alternative to find out what is ideal for you.

Oh, and the good news is that you may have the chance to find many vehicles in excellent condition. Want to know the step by step of How to participate in the Online Auction? So, check out all the details below!

About the Auction

The official body responsible usually holds auctions of items seized at airports and borders in Brazil.

The products are usually always in good condition, with prices considered low compared to market value.

Therefore, they end up being a great option for those who want to buy cheap. If you are interested, it is important to know how to participate in the auction. 

So, know that the entire process is carried out Online, through the Electronic Auction System.

With this, anyone can follow the offers and auction notices over the internet, without having to leave home.

How to participate in the auction (Image: Disclosure)

They hold several auctions throughout the year, and in many of them, you can find a variety of products at great prices.

For example, TVs for just R$500, cars for less than R$10,000 and even an iPhone for just R$700.

Taking part in the auction is very simple. However, it is extremely important that you pay attention to some important information. See below what they are!

How does the auction work?

The entire process is done online. Right from the start, lot will receive price proposals. If the consumer wishes, he can change the value or even withdraw the bid.

After that, the opening of the bidding session. In the second stage of the auction, only those who made a bid 10% lower than the best offer will be present.

The people who passed to the second stage of the process will be the same ones who will participate in the auction, which is the final phase. At this point, the person who makes the highest bid wins the lot.

Who can participate in the auction?

One of the great advantages of auction is that both individuals and legal entities can participate and provide their value proposition for the product of interest.

However, it is necessary to have a valid digital certificate to access e-CAC to place bids, which is the system for accessing auctions.

Furthermore, it is important that the person has a regular registration status in the Individual Taxpayer Registry (CPF) or the National Registry of Legal Entities (CNPJ). In other words, their name must be clean in the SPC/Serasa.

Step by step guide on how to participate in the official auction

As the whole process of auctions It is done online, there is no need to go to a specific location to place your bid and carry out all the necessary procedures.

As we mentioned previously, to participate in auctions you must be in good standing and access e-CAC to place bids.

See below the step-by-step guide we have prepared so that you can participate in the auction:

  • Access the e-CAC Portal using a valid Digital Certificate;
  • Enter the data requested by the system;
  • Then, select the option “Participate in Electronic Auction”;
  • Select the product of interest;
  • Submit your bids;
  • Follow the instructions on the page to complete the process.

Payment for the chosen product

If your bid has won and you have obtained the desired product, it is extremely important to pay attention to the payment rules.

After the bid is accepted, the buyer must issue a Federal Revenue Collection Document (DARF) and select the best payment option.

There is the option to pay the full amount up to one day after the auction or divide it into two installments. These represent a total of 20% on the first business day and 80% after eight calendar days.

Furthermore, it is worth noting that payment can be made at any bank branch, whether in cash, debit or check.

It is important to note that if the buyer does not make the payment within the stipulated period, he loses the right and is also fined by the official body.

How do I withdraw the product chosen in the official auction?

Many people think that the official body is responsible for sending the product. But that is not the case!

Therefore, you must go to the location indicated by the official body to collect the product.

Now that you know all this, just follow the steps described above and place your bid on the available cars!