Wesbank car auctions are exciting places to find good deals on vehicles in certain areas. If you are looking for a used vehicle. The auctions are held regularly across Gauteng. In fact they happen every Thursday. The lists of the bank repossessed cars that will be auctioned are ready the day before the auction. And you can visit the arena and have a look at the cars the day before.
Banks like FNB, Absa, Nedbank and Standard Bank have had to repossess cars from people who don’t make monthly payments. Because of the financial recession the number of cars on auction is increasing. Which means that from week to week there are more than a hundred cars for you to view!
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Participating in Wesbank Car Auctions
To participate in the Wesbank car auctions you need to pay a deposit by bank guaranteed cheque. If you are interested in getting car finance to allow you to buy the car you want, then this can also be approved the day before the auction.
This will provide you with a clear limit to the amount you can spend so that you can get bidding without stress.
It is important to remember that an auction can be an extremely exciting place and you can get caught up in the energy of the day. All cars sold at Wesbank auctions are sold as-is. This means that the second hand dealers take no responsibility for the car after you purchase it.
So if you drive your car out of the lot and it breaks down, then this is all up to you to sort out. But some bank repossessed vehicles are good as new. And you can always spend the day before the auction checking out the cars for any abnormalities.
Whether you are in Gauteng, Cape Town or Durban, there is an auction for you to visit. The list of upcoming auctions is provided on the Wesbank site. However for any related queries you can call them on their toll-free telephone number. Therefore you can find out where the next Wesbank car auctions are happening near you.
Repossessed Cars at Auctions by Wesbank
Repossessed cars at auctions by Wesbank are growing in numbers. The reason for this is because there is a growing interest in purchasing vehicles on auction as they sell at reduced prices.
There are however certain requirements that have to be met in order to buy one of their cars at auction. Firstly, you have to be over 18 years of age and have a valid driving licence. Secondly, you have to earn over R6000. Lastly you need to have a good credit history in order to be eligible.
Should you meet the criteria, then there is nothing stopping you from getting a new vehicle at a great price.
If you own a business and are looking to purchase a fleet of vehicles to meet your needs. Then why not take a look at repossessed cars at auction by Wesbank.
This will save you a lot of money as these commercial or recreational vehicles are greatly discounted. Because of the fact that the bank is only trying to make back the money owing on the vehicle.
Buying your First Car at an Auction
For those of you who are looking for your first car, this is also a great place for you to look. As starting out can be difficult enough on the finances. And there really is no need to spend a fortune on a new car.
All of the vehicles at auction come as is. Which means that should you find a default with the car after you have purchased it, Wesbank is not liable for it.
Therefore it is always best to take a qualified mechanic with you. To inspect the car thoroughly before even consider bidding. This bank has a lot of experience dealing with vehicle finance. And has qualified staff members at the auctions to take you through the fine print and to help you.