Bank repossessed bakkies in South Africa can be bought straight from second hand dealers. But some banks, such as FNB, also hold auctions. In cities like Durban, Gauteng and Cape Town where these bank repossessed cars can be bought.
When you are looking for a bakkie to purchase, you don’t have to go for the brand new ones out of the box. If you cannot afford it, buying a used car is fine too.
You don’t have to have a lot of money to be able to purchase a second hand bakkie. All you need is the details of any repossession auction and make sure you are there!
Auction events selling bakkies are regularly held by banks such as:
- ABSA Bank
- FNB Bank
- Standard Bank
As you know, there are different types of bakkies out on the roads. So you will have to look through the bank repossessed bakkies in SA so that you can decide which of them will be best for you to have.
More information here: Bakkies For Sale at Bank Repo Auctions
What Kind of Bank Repossessed Bakkies are For Sale in South Africa?
Single cab and double cab bakkies are available from the bank repossessed bakkies sales in South Africa.
Makes Include Bakkies From:
Choose the vehicle you know will benefit you the most. And when you are looking, you are sure to find something interesting in Durban, Cape Town and Gauteng among other cities.
A bank repossessed vehicle only means that it was taken away from its owner due to non payment or similar reasons. It does not necessarily mean that there is something wrong with the car.
Many second hand dealers make their purchases from auctions like this. Then just fix the cars up if they need it, and sell them all off at their dealerships.
You are sure to find good bargains at bank repossession auctions. This is why it would be in your best interests to visit as many of these auctions as you can. If you are looking to invest in a good second hand bakkie.
There are many bank repossessed bakkies in SA that you can choose from. Both single cab and double cabs. Take the time out to find the one you like.
Buying the right Bakkies in South Africa
Buying a bank repossessed bakkie is a great way to save money when buying your car.
When people don’t make their repayments on time for many months, eventually the bank has to repossess their vehicle.
Banks are in a hurry to recoup lost finances as soon as possible.
The best way for SA banks to do this is to put the bakkies up for sale at repo auctions at discount prices.
Banks like FNB, Standard Bank, ABSA and Nedbank are all involved in this type of process. So if it’s that double cab or single cab you’re after, this may be the most affordable route to follow.
It’s really easy to go about buying a bank repossessed bakkie if you have a little bit of finance at hand.
You will need to have your credit record handy and a deposit. The bank that is holding the auction will offer details on the amount.
Banks Offer Bakkie Finance at Auctions in SA
What is great is that SA Banks like Nedbank, ABSA, Standard Bank, FNB are often on site to offer you finance. So you can have that little bit extra to get the vehicles of your dreams. All you need to do is start bidding.
You can get both single cab and double cab bakkies for sale at auctions in South Africa and they can be in wonderful condition.
If you’ve never tried bidding in an auction before, it is extremely simple.
Much like the movies, each person has a marker that they can lift when they like a particular car.
There are some things to remember though. Bakkies at auctions may be cheap, but they sell as is. Which means that if something goes wrong when you leave the shop floor, it is not the SA banks’ responsibility. It is your responsibility.
Remember that taking out further finance may help, but not always. Sometimes you can get a good deal though when buying bank repossession bakkies in SA.
Repossessed Bakkies For Sale at Bank Repo Auctions
Shopping for repossessed bakkies for sale at bank repo auctions means that you have the chance to own good conditioned vehicles at affordable prices.
There will be single cab and double cab bakkies available. So it will be up to you to look at what suits you.
What you have to do in a situation like this is contact the banks in your area and see when the auctions are. Where only bakkies are for sale.
They will give you all the details you need so that you don’t miss out on the auction.
If you need finance for a bakkie that you want to buy at one of these auctions, they sometimes have finance options on the premises. So the repossessed vehicles for sale at bank repo auctions can be yours. Even if you don’t have enough cash with you.
When it comes to bank repo’s, the bank wants to sell the vehicle to make up what the previous owner still owed on it when it was repossessed.
Therefore you often find good vehicles sold at cheap prices. Try and make it to as many of these auctions as you can because there are always good deals.
Anyone can go to a bank repossession auction. Some car dealers only buy their bakkies and other vehicles from auctions because they are able to make a good profit.
The only thing you have to be sure of is that you get the auction details in time and make sure you are there with enough cash.
Visit Standard Bank, ABSA, FNB and Nedbank to see what information they can offer regarding any upcoming auctions they may have. Be sure not to miss out on the events in your area.