Government e auction portals for cars: If you have been thinking of buying a new car for a long time and are repeatedly stopping due to budget. So this news is for you only. Because, your dream of buying a new and expensive car can be achieved in a very low budget. But for this you will first have to read this entire news.

Let us tell you that the government of our country has many such official digital platforms. Where you can buy great cars at very low prices? Yes, on these government auction portals, bank loan defaults and luxury vehicles of government departments are easily available at a nominal price of Rs 3 to 4 lakh. So let us know which portals these are.

Auction of government vehicles on MSTC portal

Let us tell you that MSTC is a major and reliable e-commerce portal of the Government of India. Vehicles of various government departments, army, police and public undertakings of the country are sold on this government website. Whenever the data of trains is updated in these departments.

So old working vehicles are put up for bidding here at a very low reserve price. You can participate in the e-auction by registering as a user on this portal sitting at home and can make an SUV or sedan worth up to Rs 12 lakh yours for just Rs 2 to 3 lakh.

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Buy gleaming cars seized from banks cheaply

Whereas the second best option is IBAPI i.e. Indian Banks Auction Properties Information Portal. For your information, let us tell you that, when a person takes a car loan from the bank and does not pay the EMI on time, then the bank seizes those vehicles.

To cover the loan of these seized vehicles, banks auction them online through the IBAPI portal. Since the objective of the bank is only to recover its outstanding loan. Therefore, almost new and used cars worth Rs 10 to 15 lakh are sold here at a starting bid of Rs 3 to 4 lakh.

Participate directly on this portal

Let us tell you that the third popular platform is the official auction portal of the Government of India, eAuction India. On this portal, e-auction of seized and surplus vehicles is organized by different ministries of the Central and State Governments.

The registration process here is very easy and completely transparent. Before bidding, you can also go to the yard of the vehicle and check its current condition. If you place the right bid at the right time, you can get yourself a second hand car at a very nominal budget without any agent or third party commission.

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