ever heard of DMV motorcycle auction?
Over the motorcycle auction: learn how it is, how to participate, how to buy?
If you are interested in this subject, you are on the right path.
Because in this article you will learn in a very explanatory way everything about this topic. Come with us to find out more.
Have you ever thought about realizing your dream, goal of buying a bike the way that you wish? The one you've always wanted, and in the best way... for a cheap price!
This occurs through auctions of seized motorcycles that take place every year by departments such as State Department of Traffic – DETRAN.
In addition, they are also made by Highway Police, Internal Revenue Service or even by the court auctions.
How do seized motorcycle auctions work?
You motorcycle auctions seized are an immense chance for people who want to acquire a motorcycle for a price well below the market price.
One of the biggest causes of motorcycle seizures is the lack of payment of monthly installments, problems with documentation, among others.
However, the traffic violations that many people commit from driving without license are still ahead and is champion of motorcycle seizures.
And in short, a motorcycle auction is a public sale of motorcycles that for some reason, which may be one of those mentioned before, were seized.
These seizures occur by transit authorities.
Each car is available from a starting bid and participants will increase their proposals until the biggest snack is even with the motorcycle.
Motorcycle auction by DETRAN
In the case of seizures made by the DMV, after the car arrives at the yard, its owner has up to five days to regularize the situation and remove it without paying a fee.
These extra fees that have very high values, because of this many people, vehicle owners, end up abandoning their vehicle.
This is often due to the owner not having the required amount as rate extra when paying, for this reason they also leave your vehicle aside.
O National Traffic Code provides that the seized motorcycles must remain in the Detran yard for up to 90 days (three months), and after that period, the auction must take place.
In seized motorcycle auctions, payment must be made in cash, in cash (in cash) or check, or by means of a deposit in a judicial account (internet).
Everything as per the notice.
After finishing, the motorcycle debts are discharged and it is necessary to issue a new document for the motorcycle.
What you need to participate in the motorcycle auction
Any individual can actively participate in the event organized by Detran, being necessary only to be on the day of the event to participate in the auction.
You cars at auction will be delivered to buyers in the condition they are in, without any kind of change.
It is also worth remembering that none of the car's debts are inherited by the new owner.
At the DMV auction, the value of the sale of the motorcycle has to be enough to pay the IPVA and all the fines.