Deceased estate car auctions take place regularly throughout the country if you want to buy a good quality vehicle at a low price.
A deceased estate is the term used to refer to the property and belongings of an individual who recently left us.
If the individual has left the items to family members. Or if they go to the state or any other party, these people or organisations may want to sell off the items and keep the money.
The items that are most sought after in these cases are the properties and the vehicles. Often, the vehicles are sold through auctions.
Why Purchase at Deceased Estate Car Auctions?
When an individual sells on a car that they have used already, they are often selling it on in order to upgrade to a better vehicle. Or because the first vehicle has started to give them some problems.
Often second hand vehicles come with many flaws and issues that you might not see.
It can be difficult and somewhat dangerous to purchase a second hand vehicle from some dealers. Or even from a private seller as you could buy a vehicle that needs a lot of repairs or maintenance.
A car at a deceased estate car auction however is a vehicle that has more than likely been taken care of. Saving the buyer a lot of money and effort on maintenance and repairs.
The car may have a low mileage and may look new and be aesthetically pleasing.
Deceased Estate Car Auctions – What are the disadvantages?
Sometimes, the individual who has passed on was getting on in years and drove their vehicle for a number of years beforehand.
In this case, the car will probably be older. It can have quite a few problems and flaws and need quite a bit of work and the mileage may be quite high.
Another issue with a vehicle like this is that the service plan and warranty’s will no longer be intact. Therefore the car may not have that many years worth of use left in it.
About vehicle auctions
Vehicle auctions are a great way of purchasing a car. Because instead of the seller setting an extortionate price on the vehicle, the potential buyers decide what they would be willing to pay for it.
Before an auction you will be able to view the vehicles on offer in a catalogue. Then on the day of the auction (or sometimes on the day before) you will be able to view all of the vehicles and inspect them thoroughly.
A Few Car Auction Tips to Consider:
It is always a good idea to spend a good amount of time thoroughly inspecting the vehicle. And to perhaps bring a friend or family member with you to help you inspect it.
- If you can find someone who is an expert on cars and other vehicles then this will benefit you even further.
- You will usually have to register at the auction and it is a good idea to do this in advance.
- Before going to the auction, have a reasonable budget.
It is very tempting, in an exciting auction situation, to go over your budget. However, most people regret spending more than they can afford.
Deceased estate car auctions advertised are on the website of the South African Institute of Auctioneers. As well as on online classifieds websites like Gumtree.
What to remember when purchasing any second hand vehicle
It is important to remember not to get carried away by one aspect of the vehicle. The lovely leather seats for example.
Always take someone with you who can give you a sound and reasonable second opinion. And who will help you to stay in your budget and to make the right choice.