police car auctions | Vehicle Auctions in Spain

Vehicle Auctions in Spain




Auctions of cars seized or confiscated by the Tax Agency among others, can be a bargain
Many times we have heard about the auction of seized cars, seized or simply auctioned at a good price. In many of these occasions, there are great offers in the price of lots or vehicles in which you have to invest time, money, have debt problems, etc. Next, we will delve into what advantages and disadvantages have to buy a car according to what type of auction, so you can weigh what is worth more depending on the circumstance (depends on whether you are looking for a car to reuse parts or to re-circulate) .

As a general rule, the best units are usually those that banks have, since they are usually cars seized for lack of payment in financing and, normally, it is about cars with little seniority. In the case of cars seized by the police, cars tend to be much more badly done and, in some cases, with many drawbacks, although this does not mean that you can find units that are worthwhile in these auctions. Next, we will talk more in depth about the different ways to buy vehicles in auctions, but before it is important to remind you that, as soon as you buy the car you will not have insurance. So it is advisable that you hire a temporary insurance until you have processed the annual insurance.

Car Auction
Car auction

Cars auctioned from City Councils
These agencies have the capacity to seize any property for non-payment of fines or municipal taxes (traffic taxes, etc.). Not all of them trade with the seized cars, but you can inform yourself by going to the town hall itself and asking about transactions of this type, since, sometimes, State or Public Service (SP) vehicles are auctioned.

How to buy them? If they have them, they should indicate where they are and on what date the auction will proceed, although they also usually publish it on their respective websites. The usual thing is that the auctions are face-to-face and that they are obliged to identify themselves with the National Identity Document and, in addition, to contribute 20% of the value of the car so that their bid is accepted.

Auction of court cars
These are cars seized in administrative or criminal proceedings.

How to buy them? You can obtain some information about these judicial auctions through the bulletin boards of the Courts, the BOE, the Justice Administration website -www.administraciondejusticia.gob.es- or specialized portals such as www.subastatotal. com. The auctions are face-to-face and online, so you can bid from home by registering on the Justice Administration website and making a consignment deposit, which in this case, is 5% of the value of the vehicle.

Buy seized cars from the Social Security
Auction the cars of those people who have debts with this agency.
How to buy them? Each year, the Social Security program a public auction that is registered in the BOE. You can find out about it through the phone 901 502 050 or in the section of auctions of its web -www.seg-social.es-. To participate, you have to access this auction section of the web and check which models are those that may have some interest (they are divided by autonomous communities and the system allows you to read the details of each one, such as registration, charges, the date of completion of the auction, etc.) Once you have chosen the vehicle, you must go to the Provincial Office and present a sealed envelope with a photocopy of your ID, the amount offered by the car and a check payable to The General Treasury of the Social Security for the amount corresponding to 25% of the appraisal value of the car.

Cars coming from the National Drug Plan
This agency does not auction vehicles seized for defaults, but those seized in drug trafficking investigations. The really interesting part of this is that high-end cars can be found at a ridiculous price - for example, a 2005 Volkswagen Passat for 1,151 euros, a 2007 BMW X5 for 6,000 euros, or a 2003 Porsche Boxster for 4,600 euros -, but the bad thing is that they usually require important arrangements, especially because in the process of registration of each vehicle by the Civil Guard damage many elements, such as trim, carpets, the chassis, the body, and even, sometimes , the fuel tank. Besides, there are some that show a high degree of abandonment if, for example, they have been long 'hidden' in a warehouse, so they require a complete set-up.

How to buy them? Through its website, this body calls public auctions without fixed periodicity. You can find out about them through this website or by calling 91 822 62 49. When an auction is published, a period of about three weeks is granted so that interested parties can present all the documentation required for such transaction (in person or by mail) in the Government Delegation for the National Plan on Drugs, the required documentation (these documents are downloaded directly from its own website), its offer and a 5% deposit with respect to the appraised value of the vehicle.

Buy cars from the Tax Agency (Treasury)
The Tax Agency auctions cars seized from debtors with the 'treasury' and also those imported irregularly, although the latter are in the minority. It is auctioned in batches and it is normal for each of them to include several vehicles. In the latter, there would be no possibility of buying a single car.

How to buy them? In the telephone 901 335 533, in the BOE or in the section of auctions of the web (www.agenciatributaria.es) they inform on the dates of the auctions, that depend on each delegation of Property. They are face-to-face, but if you obtain an electronic signature, you can participate through the web, although that does not exempt any participant in this auction to pay a bond of 20% of the appraised value of the lot through the section 'Application for constitution of Deposits'.

Auctions of cars seized by Banks
Trading with seized cars is very bad publicity for banks and financial institutions, so learning about them is not easy at all. In fact, these cars are usually purchased by professionals of the purchase-sale with which the banks themselves are contacted or even by the bank's own employees. In this way, the image of banks facing customers is that they do not have practically any clients that leave them unpaid or otherwise.

How to buy them? Even with everything, you can obtain information about them in the branches of the banks asking for the vehicles 'seized or in reservation of domain'. However, in many of the cases, these vehicles are released through auctions only for professionals, so they are not always open to the general public.

What to keep in mind when bidding for a car at auctionIt must be taken into account when purchasing a car in these conditions that, with the exception of those vehicles seized, these cars can have many kilometers (in most cases, this is usually the case) and, in the hypothetical case of that they are seized cars, it is not difficult that they present some damages for bad use or for an incorrect maintenance due to the non-payment of loan installments, etc.

It is very important to also know that it is never allowed to test cars, or even start the engine, before making any bid for them (only allowed to inspect them externally). Another aspect to take into account is that no guarantee is offered, although it should be noted that the Administration reviews and repairs their cars before auctioning them, but the seized vehicles are auctioned in their original condition. An advice? In these auctions you can bid for one or more vehicles; One option is to take a trusted mechanic -from 60 euros / hour- to help you choose.

At auctions, only cash payments are accepted - in cash or by check - and, normally, to enter the bid of each vehicle, you will be asked to deposit up to 20% of your starting price. This money will only be lost if the auction wins and, later, the car is not paid, so, in case of not winning the bid for the item auctioned, the amount paid in the first place will be paid in full.

If you are interested in any vehicle, check if you have pending charges -multas, unpaid taxes, etc-, although you must indicate it in the entity where it is auctioned, since it is up to you to pay them when you become the owner of this property. Otherwise, you can request a report via Internet in Carfax to ensure you at the time of the type of charges that the vehicle in question has.

Remember that if you buy a car, you must put it in your name; In the Treasury you must pay the Transfer Tax, which corresponds to 4% of the value of the vehicle according to your tables, and in Traffic you pay 53.40 euros for the vehicle to appear in your name.

The auctions are a great opportunity to buy a cheap vehicle
Surely yes. But make no mistake, the true professionals of this are not going to allow you to take it for half the price. In general, individuals have much fewer opportunities to buy than professionals, not for anything in particular, simply because your savings expectations are much higher than the usual ones. The auction professional knows that the bargains do not exist and it is enough to take an adequate margin, while the individual seeks the bargain at all costs. Result? The individual does not buy and goes mad at home.

In addition, in the case of cars, we must have that professionals know perfectly the price at which they will be able to sell the vehicle, the costs of repair and processing and, above all, have a secret weapon that has to do with the taxes they pay.

Tips for buying a repossessed car
Whenever you go to buy a repossessed car or, simply, one imported irregularly, although the latter are in the minority. It is auctioned in batches and it is normal for each of them to include several vehicles. In the latter, second-hand vehicle, it is very important to request a review of the car. In addition, you can also ask for a Carfax report. These documents can be obtained for free or paying very little money and, among the data it offers, in addition to a car history, you can also find a driving test and a complete technical inspection, which can be key to making the decision of whether to buy or not the car seized.

Conclusion: introducing yourself to the auctions is a good start to start buying and selling vehicles. At first, as in everything, it becomes difficult, but once you have started to buy and sell and attend a large number of auctions, it is easy to start earning money little by little. And if you like the world of cars, it will be much easier to dedicate time and effort to this work. It is very rewarding to buy a good car at an attractive price and in good condition, but in case you can not buy a car in an immaculate state, you will have to invest time and money in cleaning it up until the moment of its sale.