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 you are interested from a list or catalogue are selling for.
Set yourself a limit that you are prepared to pay for that model. Then be sure you are not going to bid over that amount at the auction.
When you are educated 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 attend 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.