If you are interested in purchasing a good quality vehicle at a low price, you should definitely consider visiting one of the deceased estate car auctions that take place regularly throughout the country. A deceased estate is the term used to refer to the property and belongings of an individual who has recently passed away.
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 a deceased estate car?
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 and some are hidden from the buyer.
It is considered difficult and somewhat dangerous to purchase a second hand vehicle from some dealers or even from a private seller as you could be tricked into buying a vehicle that needs a lot of repairs or maintenance. A deceased estate car, however, is generally not being sold because it is unwanted.
This means that the vehicle may still be in very good working order and may even still have its service plan and warrantees intact, 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.
What are the disadvantages?
Sometimes, however, the individual who has passed on was getting on in years and had used their vehicle for a number of years before they passed away. In this case, the car will probably be older, it will probably 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 warrantees will no longer be intact and 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, and 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.
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, you should set a reasonable budget and get set to stick to it carefully. It is very tempting, in an exciting auction situation, to go over your budget. However, most people regret spending more than they can afford.
You can find deceased estate car auctions advertised 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.