The repossessed taxis for sale in South Africa are ideal to buy a cheap Toyota Quantum mini bus at a price well below new. If you want to buy a taxi that has been repossessed by the bank then read on.
Where Can You Buy Repossessed Taxis For Sale in South Africa?
You can buy bank repossessed taxis at these places:
- Buy direct from the bank
- At a bank repossession auction event
- Buy from an online auction
- Directly from a used taxi dealer
- Buy from a bank repo reseller
If you buy a taxi that has been repossessed directly from the bank you obviously need to see what vehicles are available.
Banks like Absa and Nedbank should be able to provide you with a list of repossessed taxis available at their next auction events.
This may also interest you: Find Repossessed vehicles at Nedbank Auctions
Otherwise you will be able to see a list and pictures of the vehicles available on their respective websites.
Absa Bank – https://www.absa.co.za/personal/
Nedbank – https://www.mfc.co.za/browse-cars
Auctions with repossessed taxis for sale take place in:
- Cape Town
- Port Elizabeth
If you have no deposit to buy a taxi speak to the financial consultants at the auction events or online. Because you can get finance to buy a taxi with no deposit in South Africa.
Should you Buy a Repossessed Taxi?
Yes you should buy a repossessed taxi if the following applies to you:
- You want to buy a cheap Toyota Quantum
- If you need a used taxi for business purposes
- You want to buy from a bank repossession auction
- If you are looking to expand your taxi fleet
- You don’t mind bidding against other buyers
The reason a lot of potential buyers look at repossessions is to get lower prices on vehicles.
For example you can get a cheap Toyota Quantum at a bank repossession auction in South Africa.
This may also interest you: SMD Auctions in South Africa
Because these vehicles are one of the most reliable and popular taxis to buy in SA there are a lot available.
So when we say cheap, what do we actually mean? Well it depends on the year, mileage and condition of the mini bus taxi.
Price varies on the Quantum model from Toyota, you get:
- Toyota Quantums under R200,000
- A Toyota Quantum under R150,000
- Toyota Quantum Taxis under R100,000
Repossession auctions are the best places to get the lowest prices on these vehicles. However you just need to make sure the taxi you want to buy is in good condition.
Because many repo vehicles are neglected with services and maintenance.
As you can see there are different places where you can buy repossessed taxis for sale in South Africa.
You can buy from second hand dealers but keep in mind they are making a profit on the resale of their vehicles. It’s not the cheapest way to buy a taxi in South Africa although a dealer may offer you a warranty.
In our opinion the bank repossession auctions are the best places to pick up a cheap vehicle. So check the lists of bank repossessed taxis to get an idea of the prices and options.