Repossessed cars in Gauteng are sold at auctions by banks. Such as ABSA, FNB, Nedbank and Standard Bank. You can buy cars at wholesale prices. The majority of car auctions in Gauteng take place in the Johannesburg and Pretoria (Tshwane) areas on a weekly basis.
Lists of repossessed vehicles help you to know what is going to be for sale at each event. The various makes and models can be found in lists and Catalogues.
Read More: Bank Repossessed Cars at Wesbank Auctions
If you are planning to buy a repossessed car in Gauteng at bank auctions you need to be aware that no vehicles are allowed to be taken out for a test drive. Because there are simply too many automobiles for sale. So if the organisers allow test drives it just leads to chaos.
Also in the past there have been instances where the previous driver of a repossessed vehicle was posing as a potential buyer. And taken his or her car back after they requested a test drive. That was before the rule became mandatory!
Repossessed Cars in Gauteng Auction Events
You can bid on cheap vehicles at an event although it takes a bit of experience. Because you will be bidding against second hand car dealers.
Dealers from Johannesburg and Pretoria who have experience in what to look for. And what price to pay.
The best advice we can offer you is to go and visit second hand vehicle dealers. After that you can find out what makes and models interest you from a list or catalogue are selling for.
Set yourself a limit that you will pay for that model. Then be sure you are not going to bid over that amount at the auction.
When you feel confident you can attend your first auction. But as a spectator at first.
We advise you to attend two vehicle auctions in Gauteng as a spectator. Just to get a feel for the process and gain some confidence to participate.
Once you go to an event stick to your game plan. Do not be disappointed if you are out-bid by a dealer or someone else. There will be many more.
You will buy a real bargain soon if you stick to this advice. Your new vehicle could be among the cheap repossessed cars they are selling in Gauteng at bank repo auctions.
Bank Car Auctions in Gauteng
Visiting bank vehicle auctions in Gauteng makes it easier for you to find second hand vehicles.
If you are interested in one of the cheap repossessions, make sure you have sufficient finance. Also learn the bidding process you have to go through to make the vehicle yours.
The auctioneer may present different models of cars, so be sure to keep an eye out for the one you like best.
Burchmores is one of the most popular auction holders in South Africa, so be sure to find out about their auctions in Gauteng. Before you go around looking for different auctions to attend.
You aren’t always guaranteed cheap repossessions when you attend bank vehicle auctions in Gauteng. But you do stand a very good chance of purchasing second hand vehicles in good condition for a decent price.
There will be a selection of models to choose from, so don’t be too hasty when it comes to the bidding process. Rather give yourself a chance to view a few of the vehicles before choosing one of them.
Once the auctioneer announces that you have won the bid, there is no turning back. So make sure you have the finance to pay for the vehicle you just purchased.
By visiting all the banks in your area you will be able to find out where and when the next vehicle auctions will be held. But don’t forget to also contact Burchmores and find out about their auctions.
Main Vehicle Auctions in Gauteng
- Silver Lakes
From there you can decide which auctions to attend to find the vehicle you want at a more reasonable price than ordinary dealerships sell them for.
Visit as many of the bank vehicle auctions in Gauteng as you can so that you know you really did your best trying to find a vehicle to purchase. But if nothing comes of these auctions, contact the banks directly. Such as ABSA, Nedbank, Standard Bank and FNB.