There are great opportunities for those who want to buy a car with values up to 60% below the FIPE table.

Have you ever thought about buying a car with values up to 60% lower than in stores?

Car auctions have been increasingly popular options for those who want to take advantage of these opportunities.

And one of the largest public bodies that auction a large number of cars is the Federal Revenue Service.

The Electronic Auction System is the means by which the Federal Revenue Service of Brazil (RFB) conducts electronic auctions of seized or abandoned goods.

The auction is not a new practice, but rather an old one.

It is a modality of buying and selling objects that has been gaining more and more followers, due to the advantages it has, when compared to other modality of buying and selling.

First, we need to understand that the auction is a public sale, open to anyone interested in participating in the negotiation.

Among the products that can be bought or sold at an auction, there are very expensive goods such as mansions or rare works of art, as well as cheaper goods such as furniture, appliances and electronics.

Typically, the process is handled by a professional auctioneer, someone who receives the goods from the seller to conduct the process properly.

Auctions can sell goods individually, such as a car, or lots of different items, such as a set of cell phones, for example.

In short, the auction is a way of carrying out a public sale that allows the participation of a large number of interested parties in the business.

The foundation of an auction is the definition of a minimum value for the good or set of goods that is being submitted to that auction process.

The buyer who makes the highest bid above the initially defined value wins the auction.

The auction can happen in two ways:

The face-to-face auction works with a place, date and time where those interested in buying the items must attend in order to place their bids.

In the online auction, the dynamics are much simpler. The auction site or system will show the lots being auctioned along with bids from other bidders.

The system shows the current bids and usually has a countdown mechanism in order to speed up the process.

In the case of internet auctions, it is necessary to register on the auctioneer's or company's website. This registration must be done prior to the day of bidding.

Summarizing the process of an auction happens as follows:

The auction of cars for domestic use is aimed at both individuals and companies.

The requirements for natural persons are:

For legal entities, the requirements are:

It is very simple to participate in a Federal Revenue car auction. See the steps below:

Remembering that the Federal Revenue car auctions can take place both in person and electronically.

The important thing is that each interested party reads all the rules so as not to waste the opportunity.