Attend public car auctions around Gauteng in Johannesburg and Pretoria to buy repossessed vehicles from ABSA, Standard Bank, Nedbank and other major financial institutions that are repossessing automobiles in South Africa. Given the economic climate in recent times there are lists of people losing vehicles due to defaulting on payments and contracts. As hard as it sounds, one man’s loss is another man’s gain (or woman’s of course) and for those who are in a stronger position financially, there has never been a better time to pick up new and second hand transport from weekly events held in this region. Both the general public and dealers alike are bidding against each other at these events in an effort to successfully purchase the vehicles that are up for sale.
Burchmores hold frequent car auctions in Gauteng and list the vehicles for sale so that buyers get the opportunity to have a good look through and can compare items they may be interested to bid on. At most events the opportunity exists to inspect automobiles before the bidding begins. This inspection period can be for a few hours before the bidding or sometimes bank repossessed cars kept in warehouses can be inspected for damage or excessive wear and tear a day before an event. In almost all instances, no transport is allowed to be test driven as to control this sort of thing would become a nightmare for auction event organisers.
Finance is always available for people looking to purchase a new or second hand automobile and vehicle financing companies such as Wesbank and Bankfin have desks and offices set up at Johannesburg and Pretoria vehicle auction events to assist with advice and details on how to purchase a repossession with an auto loan. Bakkies, motorcycles, trucks and commercial vehicles are also amongst the lists of repossessed transport for sale in the Gauteng region at auction events and can often be obtained through the related financial service providers.
Frequent events are normally well attended with dealers travelling from Durban, Cape Town and other coastal regions, looking to bid on and purchase vehicles that are almost guaranteed to be rust free and in a decent condition. Whether it is a Burchmores auction in Johannesburg or bank repossessed event in Pretoria you wish to attend, know that there are a wide variety of vehicles for sale available at the Gauteng car auctions and with a little patience and research, you can pick up a practically new automobile at a considerable bargain when compared to buying something brand new.