Suraj's Post

Banks quietly auction thousands of repossessed cars every year and some of them sell at prices that look unbelievable. A ₹12 lakh car selling for ₹1–3 lakh sounds fake, but it can happen when banks only want to recover unpaid loan amounts quickly. Here’s how these auctions actually work: • Banks seize vehicles from loan defaulters • Cars are listed on auction platforms • Buyers place bids online • Highest bidder gets the vehicle with documents But smart buyers always check: • Engine and service history • RC, insurance and ownership papers • Pending challans or taxes • Accident or flood damage Trusted auction platforms include: • AutoBSE • eAuctionsIndia • ForeclosureIndia If you know how to inspect properly, bank auctions can become one of the cheapest ways to buy premium cars in India.

• 18.8K 106
• 241.1K Followers
• 3.1K Posts
• 2.2K Average Likes
• 0.94% Eng. Rate

This post was published on 17th May, 2026 by Suraj on his Instagram handle "@myfintaxofficial (MYFINTAX | Finance & Tax Educator | CA Suraj Soni)". Suraj has total 241.1K followers on Instagram and has a total of 3.1K post.This post has received 18.8K Likes which are greater than the average likes that Suraj gets. Suraj receives an average engagement rate of 0.94% per post on Instagram. This post has received 106 comments which are greater than the average comments that Suraj gets. Overall the engagement rate for this post was lower than the average for the profile.