Since the pandemic, virtual car auctions began to have increasing relevance. Public and private companies found on different specialized platforms the best window to auction and sell their vehicle fleets.
At the same time, the public found in these sites a more secure and transparent form of participation, adding the convenience of bidding from anywhere and on a mobile device.
The auctions are very varied: cars with 0 km, to be patented, with few kilometers, with many, in excellent condition, crashed, with debts… There are opportunities for everyone, and in most cases for lower than market values.
What is unusual is that they find high-end vehicle auctions, like the one Mercedes-Benz is holding through the Narvaezbid platform. Yes, it may happen that there are specific cases in which a company auctions a luxury unit among several lots, but not that a high-end automaker auctions off its fleet of vehicles.
Where, when and how
The first thing to know is that the auction is already active on the Narvaezbid site (narvaezbid.com.ar); That is, anyone who meets the requirements to participate can now bid. As in any auction, each offer increases the value of the vehicle until it ends.
In this case, the German automaker auctions off a total of nine vehicles whose initial offers are currently half of the reference values managed by the market. All units are in good condition.
The auction ends Thursday, September 5starting at 2 p.m. Until then there will be time to offer. In this case, all the units are located in the first basement parking lot of the Carrefour in San Fernando, province of Buenos Aires, and can be visited in person on September 3 and 4. For this, the auction house suggests sending an email to cac@narvaezbid.com.ar or calling (11) 2150-5850.
One of the most tempting proposals is a GLC 300year 2019, with 117,130 kilometers traveled. This SUV is equipped with a 240-horsepower 2.0-liter turbo engine, nine-speed automatic transmission and 4Matic all-wheel drive system. The current offer value is US$ 29.120.
On the other hand, Mercedes-Benz auctions off a Class C 400, year 2018, with approximately 166,340 kilometers. This sedan, the most successful of the brand, has a 3.0-liter biturbo V6 engine that delivers a power of 333 horsepower and is combined with a seven-speed automatic transmission and an all-wheel drive system. Current offer value: US$ 27.733.
Likewise, the brand offers seven 2019 B-Class models, with mileages ranging from 40,000 to 115,000 kilometers. The B class is one of the few minivans that is still on the market. Current offers range from US$ 13.800 until US$ 19.800.
It is important to know that in this case all auctions must be paid in dollars.
How to participate
The first thing to do is enter the website of each platform and create a user. They will receive the expenses and conditions in their email and from there they will be able to continue the process to bid online. The process is free and is validated in 24 hours.
To have the right to participate, the user must make a deposit as a bid guarantee (surety insurance), for each lot in which they want to participate and the amount of which varies according to the policy of each auction house.
Every time a user bids within the last three minutes of the countdown, the system will give a new extension of 180 seconds until the total time runs out.
In all cases, whether winning or not, the auction house will refund 100% of the deposit to the user, once the user requests it.
Tips
1- Understand what the system is like. It is recommended that before participating, the user tracks one or more auctions through the site. In some portals it is possible to see how the offers occur and the amounts reached by each of the lots in dispute, without being registered.
It is also possible to identify the number of participants (they appear with nicknames), and their respective offers. When the auction closes, the final value remains visible in the system for a few more hours and is public knowledge.
2- Read the auction conditions carefully. They are linked to the delivery conditions of the vehicle, operation expenses, the agency, documentation details, whether the purchase is allowed in the name of another person, etc.
To have the right to participate, the user must make a deposit as a bid guarantee (surety insurance), the amount of which varies according to the policy of each auction house.
Each one has its own particularity and they do not have the same conditions. For example, there are auction houses that return 100% of the bid insurance and others that do not.
3- Do the math. It is important to keep in mind that auctions have related expenses that directly impact the final value of the vehicle. Calculating this will allow the person to know what is the maximum offer they can afford.
There are sites that show the total amount, including expenses, of each offer.
On the other hand, to facilitate participation for those who cannot follow the auction live, there are automatic betting functions that allow you to configure up to a maximum amount; which means that the system will automatically bid until it reaches that established limit.
If another offer exceeds it, participation will not continue. On the other hand, if the winner is the winner, the auction will close at that amount even if the automatic limit established by the user was even higher. This automatic offer system does not include expenses. Only the value of the lot, taxes included.
