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O Santander auction is one of the most sought after among those looking for auctions of vehicles with good quality. But, how can we participate in the auctions held by Santander? What is the average price of a vehicle that can be auctioned by this bank? Which people can participate and give a shot?
Buying a car or property these days is getting more and more complicated. Due to the pandemic that started in 2020 and brings problems to the present day, the automobile sector was largely affected, with problems in 0 km car production due to lack of enough parts to meet the demand of automakers.
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Thus, as a way to contain the drop in internal cash, these same automakers inflated vehicle prices in such a way that many do not even consider buying brand new cars. As a result, the value of semi-new and used cars also skyrocketed, as the number of transactions also increased considerably.
So, it is necessary to look for some way to save when buying a vehicle: auctions are among the best options. In today's content, we will explain to you how it works and how you can participate in one of the most famous vehicle auctions in Brazil, the Santander auction. Want to know more about it? So read until the end of the matter. Let's go!
What is the Santander Auction?
But after all, what is the Santander auction? As the name implies, these are auctions carried out by the finance company managed by Santander. It is one of the most sought after in all of Brazil, mainly due to the quality of the vehicles that are sold, but also due to the security that the bank provides.
In this way, we are talking about a banking institution with years in the market on Brazilian soil, and, therefore, it brings security when buying a vehicle. Anyone over 18 years of age who wants to own a car at a low price can participate in Santander's auctions.
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Does Santander hold real estate auctions?
But, what about real estate? Are they auctioned by Santander? We can say yes, we can say no. But how so? Well, the vast majority of auctions held by Santander are for cars, as this is the main focus of the financial institution of this banking institution.
However, the bank also has its residential financing programs, but to a lesser extent. Thus, it is even possible to find Santander auctions where real estate is sold, be it houses, land or even apartments, but this is something difficult to happen.
In this case, if you are looking for a good property auction, we recommend that you look for Caixa auctions. Finally, to participate in a Santander auction, look for notices on the bank's official website, sign up, complete your auction and take your auction vehicle home.
How much does a Santander auction car cost?
You must also be curious to know the amounts charged for a good at the Banco do Brasil auction, right? Well, about the prices, know that they are well below what you might think, especially the beaten cars. Often, a simple crash that will cost around R$7,000.00 to fix, lowers the price of the car by almost R$25,000.00 (or more).
In general terms, the “rule” (in quotation marks because it is not a true rule, but a mathematical estimate) of 40% is used. It is estimated that a Santander auction vehicle is sold for a value of 40% to 60% of its market value, which appears in the FIPE table. Thus, if a car costs R$100,000.00, at an auction it can fetch between 40 and 60 thousand reais.
Thus, it is an economy that varies a lot downwards, making the purchase worthwhile. Another practical example is if this 100,000 car is crashed. Depending on the size of the crash, this vehicle can be worth less than 10 thousand reais (irreversible cases) or 20-30 thousand reais in cases where the vehicle can still be recovered.
This was our guide auction Santander. We hope we have cleared all your doubts on the subject, and that you will be able to participate in the Santander auction without too many difficulties. If you still have any, comment below and we'll get back to you as soon as possible. To the next!
