How to take part in the Receita Federal car auction

Announcement

The auctions of vehicles confiscated by the Federal Revenue Service are widely recognized events in Brazil. And this is no coincidence, after all, such auctions provide the chance to acquire vehicles in excellent condition at prices notably lower than those practiced on the market.

However, are you familiar with the steps required to participate in the car auction promoted by the Federal Revenue Service?

Announcement

Regardless of whether you are an individual or a legal entity, participating in an auction of cars seized by the Federal Revenue Service can be a significant opportunity. This is especially true for those who wish to acquire their first vehicle but do not have substantial resources for a large investment.

Continue reading this article for comprehensive details on how to effectively participate in the IRS car auction:

How Does the Federal Revenue Auction Work and Who Can Participate?

Understanding how the Federal Revenue auction works and participating is a simple task. Both individuals (CPF) and legal entities (CNPJ) can choose the auction that best aligns with their profile.

However, there are prerequisites that must be met to be eligible to participate in the car auction promoted by the Federal Revenue Service. They are:

For Individuals

One of the requirements for participating in the RF auction as an individual is not to have any irregularities in the CPF.

Furthermore, participation is restricted to auctions that feature products with characteristics of common use and consumption. In addition, participation is confirmed by means of a digital certificate.

For Legal Entities

In the case of legal entities, to participate in the event it is essential to have a regularized CNPJ, as well as having a digital certificate.

It is worth noting that there are auctions dedicated exclusively to individuals and also to legal entities. In addition, the Federal Revenue Service also promotes auctions that include the participation of both audiences simultaneously.

Auction locations

The auctions promoted by the Federal Revenue Service are held both remotely and in person. In other words, these events take place through online platforms or in physical rooms designated for auctions.

Currently, due to the pandemic situation, auctions are being conducted entirely online, through remote platforms. For detailed information about the auctions, simply visit the official website of Federal Revenue.

Participating in the Federal Revenue Car Auction online

Now that you understand how the Federal Revenue Service car auction works, who can get involved and how these auctions take place, all that remains is to know how to proceed to submit your bids and effectively become part of an auction promoted by the Federal Revenue Service.

To do this, it’s simple to follow the steps outlined below, ensuring a hassle-free process. Check it out:

  1. Have the information about the scheduled date and time of the auction ready. Log in to the e-CAC portal using your credentials and digital certificate.
  2. When accessing the portal, find the option “Participate in the Federal Revenue Service’s electronic auction” and click on it.
  3. The procedure will be divided into two parts. The first involves the registration of the bid, selection of the lot and, if necessary, the possibility of withdrawing the offer. The second part refers to the stage in which participants who submitted bids below 10% of the best proposal are considered as auctions.
  4. From this point on, you, as a participant, will be able to bid gradually, until you reach the price you consider appropriate for the item in question.
  5. The lot is won by the participant who submits the highest bid.

It is important to note that, upon winning an auction, it is essential to make the payment immediately. Failure to make the payment constitutes an infraction subject to penalties by the Federal Revenue Service.

By diligently following these steps, you will be ready to participate in the exciting car auction process promoted by the IRS through the remote platform.