Buy bank repossessed cars at auctions. At events such as Burchmores in the Cape Town area. And you could find yourself purchasing a fairly new vehicle at a wholesale price. This is a great way to purchase a motor car or motorbike at the moment. As many people are sadly having to give their vehicles back. And cannot seem to find ways to avoid repossession. \
You may have already heard about the frequent Birchmores vehicle auctions from the radio advertisements. Or word of mouth that are taking place near the city every week.
If you are thinking of buying bank repossessed cars at auctions in the Cape Town area from an event held by Birchmores or similar… Then there are a few guidelines you need to stick to.
Firstly, although you can view vehicles usually a day before an event and inspect the body, engine etc. You can’t take a repossessed car for a test drive.
So if you are a little unsure of what to look for when purchasing a second hand vehicle. Then take somebody with you that has a little more knowledge and experience.
Remember, one of the reasons that the previous driver could not find a way to avoid bank repossession of a vehicle was because they were having financial issues. Meaning that regular servicing and repairs may also have been neglected.
Finance to Buy Bank Repossessed Cars
You can get finance from the bank to purchase a repossession. Particularly from ABSA, Standard Bank, Nedbank and FNB. Who are likely to have vehicle financing kiosks or desks on the floor at an auction event.
A bank guaranteed cheque is one of the ways to secure a part in the actual bidding. Although we advise that you spend time at one or two events as a spectator first. Especially if you are a little inexperienced, to learn how the process works.
Usually, Burchmores, Aucor and other auctioning companies will have staff on hand to help advise and guide you in your decision. So that you are assured of picking up a bargain if interested in buying a bank repossessed car or motorbike. From auctions in Cape Town and the surrounding suburbs.