Auction

By City

Car Auction In Delhi	Bikes Auction In Chennai
Car Auction In Lucknow	Bikes Auction In Hisar
Car Auction In Jammu	Bikes Auction In Jammu
Car Auction In Rajahmundry

Bidding:

The act of participating in an auction by offering to purchase an item for sale.

Auctioneer:

The person who is conducting the auction process.USually these persons would announce the auction rules,will decide on which are all the items are to be auctioned,they would call and ackowledge the bids,finally they would announce the winner

Auction Process:

Prior to bidding,a person should get a bidder number.The price that you left out for bidding,would stat with a lower price initially.The auctioneer will raise the bid amount every time someone bids.This will continue until there are no more bid get affixed on that item at which point they will sell the item for the highest bid.

Essential Requirements:

• Documentation on item to be at sale is recommended.
• In case you're the buyer,then you have to gain some confidence over the autioneer,so that you can acquire a good product.For that,you have to get a clear cut idea about the item,just by posing on many questions on it.
• You can even attend one of their auctions so tha tyou can know ow they are conducting their business.

Mode of payment:

You can pay via credit cards,cash and bankable checks.In case,if the value of the item go beyond the sale then auctioneer ask you to bring the fund proof from your bank.

Online Auction:

Online auctions are sale transactions that are conducted over the internet.Competitive bidding makes the online auction lively.In practical,it makes a good business sense.

Advantages:

It cut down the transportation costs and save their time just by sitting at home,without the need to travel to any place,one can do online auction.Further,it offers convenience to the customers in ordering the product at their own leisure on reading the products reviews .This also seems to be beneficial to the suppliers in a way that helps them in managing their stocks in an efficient manner.Also it paves a way for them in increasing their profits.This is mainly accomplished due to the high-speed communication and secure data transfer technologies.Mainly the small business gets benefitted the most since e-commerce make them reach a worldwide customer audience.

Defects :

However,thers are also some drawback lies with the online auction.The main disadvantage is the lack of touch and feel,that form the basis of most of the Indian purchasing style. Also you may not know the extent of damage as no seller lists the defects in the vehicle. We advise all auction buyers to inspect the vehicle personally to avoid surprises and loss of money Now you get an idea on what is auction,who are all its stackholders,its approach,benefits,flaws etc.in general.Now,let us step in to the bike and car auction. What are all the sources for the products like car and bike that are let out for sale.Usually the bank seized bikes,vehicles that are used by military will come under the auction.Insurance agencies also will make its debut in this auction field.

Bank-Seized Cars:

Now-a-days cost of car is like that of a skyscraper.So,the middle class people would prefer banks for taking car loan.But what if the situation comes in a way that the people cant able to repay the loan amount.In such conditions,bank would seize the cars from them.If the number increases ,then bank would have a enormous stock of such cars.So,they have to seek for the place to store such inventories,which would also cost them more.These criteria drives them into the auction for sale.Hence,it s a good idea to go for bank-seized auction.

Military Used bikes:

In general,military auction sells bikes in a large number.The local scrap dealers would pick them and would sell it to others for acquiring more benefits.The main reason that the military auction is in demand is that the standard products are available at low cost,albeit,its rare that the people are aware about its details.

Insurance Agency Auction:

Insurance companies such icicic Lombard, hdfc ergo, Tata aig also conducts auction to recover the loses. It mainly play its role against bad checks and failure to collect from buying dealers.Also,it helps the buyers in protecting them against the loses that result from the auctioning of stolen vehicles.Certain Insurance Agency also involve in auction. You can also fetch the details on insurance agents via Vicky.in

Is Car/bike Auction a good deal?

The main reason that draws the attention of people towards the auction is the cheap rate at which the product is being offered.Is purchasing the car at auction is a good idea?It really suits the people who are at the right time,confidence,knowledge and thrill of chasing at prices.Here we provide you with certain tips before going entering in to the auction process If you’re new to this segment, first you have to attend many auctions of the auctioneer from whom you’re going to purchase,Next,you should have a good knowledge about the car/bike that you desire.You should have a clear vision to spot out the blemises/damages.After procuring knowledge of these terms,you’ve arrive at the right time at the place where the auction,so that you wont miss your chance of bidding.Before the decision of announcing the price,first you should estimate the budget that would match with the value of the car.Remember,that the buyers’s fees too.

Requirement of NOC:

However,it is the responsibility of the buyer to procure the NOC.What is meant by NOC?It is nothing but the document which is required for the person to transfer the vehicle from the seller name to your name.With the aid of this certificate,one can transfer the vehicle propreiter name to that of his name and can make his vehicle get shifted from the actual place of the former owner,where the bike/car was registered,to your place where you tends to reside.

Procedures for Applying NOC:

• To obtain N.O.C for the vehicle for no dues in traffic violations one should apply to the Dy.Commissioner of Police, Traffic Branch, by giving an application
• You should also apply for N.O.C from crime point of view to the Dy.Commissioner of Police, Detective Department in writing and enclose Xerox copy of R.C. Book of vehicle and receipt of Rs.100/- e’ challan.You have to make your presence here.
• Candidate should produce the original R.C book of the vehicle at the time of obtaining the N.O.C. 4. After obtaining the N.O.C he/she should submit the same in concerned R.T.O office along with relevant form to get the vehicle transferred to other state of his/her choice.

Vicky.in-Problem Solver:

A coin has two sides.Like that an approach can have both pros and cons.It depends upon the way that we approach for auction.Regardless of the option that you choose,Vicky.in clears away the hurdles on your path by providing details on what you desire,thus proves to be effective. Our site helps you in providing the list of products,its review.So that you can get an auspicious chance to own the desired car just by clicking on mouse.With the aid of the information provided by this site,you can easily know about the conditions of the car,and can easily bid at an affordable rate.Its the responsibility of customers to get the NOC documentation.All such need gets eliminated now.Our site provides you information all such needed information.

Related Tags

auction in india,online bike auction,car auctions and sale in india,seized vehicles for sale