There is such a thing as collateral property, this is when the bank takes away from the debtor what was pledged.

It can be a house and cars and motorcycles. What is the process of buying a car and a motorcycle from a bank?

I will consider this on the example of the zalog.aval.ua website, where the objects that Bank Aval took away are being implemented.

Algorithm for buying vehicles on the zalog.aval.ua

There is such a thing as collateral property, this is when the bank takes away from the debtor what was pledged.

It can be a house and cars and motorcycles. What is the process of buying a car and a motorcycle from a bank?

I will consider this on the example of the zalog.aval.ua website, where the objects that Bank Aval took away are being implemented.

Algorithm for buying vehicles on the zalog.aval.ua

To begin with, we go to the site and select the necessary objects. Then we call by phone: 0 800 300 800 and ask for information on the object. It can be an auction object and not an auction object. On the site, in principle, this is indicated, where there is an apostraft ' after fiz – it means that the object is not auction, i.e. it can be bought at the price indicated on the site.

But there are few such objects, basically everything is sold through an auction.

In the picture of 2 objects – the upper auction, and the lower with the apostraft – no:

By the way about the price, it is not final on the site, even if the object is sold without an auction! It happens that for the car when deregistering – you need to pay fines, parking fees, etc. Therefore, all this must be learned from a particular object, it is quite possible that the price with these surcharges will be very unattractive.

Auction

As I wrote above, most of the objects are auction. In order to sign up for an auction and try to win it and buy a vehicle, you need:

1) Call the bank and sign up for the auction – you just leave your number and you will be called back and told – when will the auction be.

2) Further, before the auction, pay about 100 UAH for participation (this money will not be returned to you)

3) Pay 15% of the cost of the car (this money will be returned 2-3 days after the auction, if you do not win the auction)

4) Participate in the auction :-).

Inspection of the machine

Alas, it's all bad. The car at the service station to drive before buying will not work. You can simply inspect it before the auction. So essentially you're buying a pig in a poke. Well, or you need to understand cars very well. That would inspect the object normally.

Conclusions on the purchase of a car at auctions

If you do not have a friend working there who has information from the service station (And the bank drives the car to the service station when evaluating), then you can participate :-).

But if there is no friend in the bank, then participation in the auction is essentially buying a pig in a poke. And in any case, you will pay 100 UAH for participation. Plus, spend time attending the auction.

So I refrained from buying a car this way.

Of the pluses of the collateral property, you can highlight the price. On the site zalog.aval.ua prices below market by 5-15%. So you can buy a car a little cheaper if you're lucky. But do not forget that at the auction the price may grow, and there may be hidden payments in the form of unpaid fines and parking.