Although not very famous here in Brazil, motorcycle auctions are an interesting way to acquire quality used products at more affordable prices.
More precisely, take a few precautions before purchasing your first motorcycle from a motorcycle auction. Understand now how an auction works before deciding to move on.
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In these auctions, motorcycles can be in perfect condition or a complete scrap (result of crash, for example), so it is very common for auctions to be attended by those interested in resale or just parts.
The reason there are so many motorcycles in these auctions is, in large part, due to bad debt. Either because I couldn’t pay the financial, or because I got a lot of fines and didn’t pay any.
When non-payment is confirmed, the motorcycle is seized and taken to the Detran yard, where it remains for 5 days until the owner rectifies the situation. After 3 months stopped at the Detran, it is sent to an auction.
Like any auction, a motorcycle auction is run by an official auctioneer and the motorcycle is purchased by the highest bidder. Here it should be noted that the purchase is public, that is, all possible buyers are receiving the same guarantees as you. Something very similar to the Discovery Channel show “Quem da mais”.
All sales are transparent, therefore, no motorcycle is sold without first having its details described, including conditions of use. Various guarantees are also made for the buyer.
Therefore, when the product enters the scene, in this case the motorcycle, all the guarantees about it, its state and minimum value are explained. Then, each customer bids and the highest bidder wins.
If you don’t want to bid, just don’t. And if you think the competitor’s bid is too high, but you still want to take a risk, your bid can be relatively low, but always above the other. Never less.
After the bike is auctioned, the future owner needs to deliver a check payable to the auctioneer and sign the proof of purchase. This check will have 35% of the purchase price to guarantee the purchase, but remember: You cannot give up later. Only offer if you are really sure you want and can buy.
The value of a motorcycle at a motorcycle auction cannot be estimated. Its calculation is based on the model, launch year, conditions of use (whether it is ready to return to transit or scrap) and the number of bids given by potential customers.
The best way to not pay more than you would like is to have a good amount on hand and research some new models to compare values before buying yours.
But the question remains: I bought my bike at a motorcycle auction, can I ride it anywhere? The answer can be frustrating, but it means that you need to be extra careful when buying a motorcycle at auction.
It turns out that, as already mentioned, the bike can have two classifications:
If you are caught riding an auction bike that has been classified as scrap metal, the consequence is having the bike seized without any refund for the purchase made during the auction. In addition, if the motorcycle has had any tampering, has been found with a cold plate or any attempt to hide its origin, it may cause the criminal response by the driver.
According to sodreasantoro, the regularization of your motorcycle for auction follows the following DMV steps:
Are you thinking about buying an auction motorcycle? Don’t forget to pay attention to the details, huh? If you have any questions, don’t forget to leave them in the comments!
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