Take a look at the ABSA repossessed vehicle auctions; you will definitely find cheap cars. You would have to do some bidding in order to get one of these bank repo’s, but this is an easy task. The initial owners of these automobiles could no longer pay their monthly installments on them and this is why the bank has them up for auction, otherwise car dealers buy them to sell. Many have found a good deal at these auctions and you can be sure that it is definitely worth the buy as well as your time. If you do decide to go for one of these cars, you can be sure that finance would not be a huge issue if you are able to afford repayments.
These ABSA repossessed vehicle auctions might sell cheap cars but you can be sure that you would not find this a much better buy than what you would find at any of the dealers in your vicinity. These and many other bank repo’s are serviced and well kept. There is a wide range that you are able to choose from and once you have decided on which vehicle it is that you prefer, ensure that you do in fact walk away with it. This is the one and only time that you are able to find something at this value. It would be wise not to turn down an offer of this magnitude.
The bidding would more than likely start at the cost of the vehicle and this all depends on the year of the model, and everything else that has to do with the car. If you are to apply for finance, be sure that the bank that you use is one that you know and are currently with. This will count in your favour as you have a history with this institution and they are well aware of your financial status. It is also wise that you go ahead and take a look at the ABSA repossessed car auction events in Cape Town, Johannesburg, Durban, or near where you live to get a feel for the event before you participate.