Cape Town car auctions sell repossessed vehicles from ABSA, Standard Bank, Nedbank and FNB bank. And are at various locations on a regular basis. Most vehicles that are in repossession by the banks are in a good condition. Although some will not have had regular services and repairs. Due to a lack of funds from the previous driver.
For this reason it is wise if you are not an expert yourself to take a mechanic with you. Or somebody who knows exactly what things to look for and check when wanting to bid for and buy a second hand motor car.
Read More: Bank Repossessed Cars at Wesbank Auctions
Keep in mind that vehicles sold at Cape Town car auctions will not be available for you to test drive. Because there are just too many makes and models and such a lot of people interested in buying. So it would be nothing but chaos to let customers test drive them.
However you can start the engine and check for any unusual noises, oil leaks and other potential problem areas. Our advice is to not go for bidding on older models. But to try and look for the bargains which are less than about 6-10 months old. Because even if these have been a little neglected, it should have no effect on the condition or performance.
Car Auction Tips
It is also wise to attend one or two events before joining in with the bidding. To observe and learn how the process works, especially as there are often second hand car dealers to bid against. Most of which are well experienced when it comes to these events.
There are usually staff on the floor to assist you in the process and explain how deposits, bidding, finance and payments work. So you will not be left completely in the dark.
Lists of Repossessed Cars at Cape Town Car Auctions
Lists and catalogues of repossessed cars sold by Standard Bank, FNB, ABSA and Nedbank are available from the associated websites. For potential clients looking to purchase a vehicle at one of the many Cape Town car auctions in and around the city.
These major banks are the best companies to buy repossessions from. They are large banking corporations that have experience in these matters.
The lists of repossessed cars for sale at auctions in Cape Town will allow you to see what’s on offer. Therefore you can get an idea of the vehicles for sale before you attend an event.