Many people are not sure where to buy used commercial vehicles which can result in them buying costly pre-owned vehicles unnecessarily. Poring over newspapers for second hand cars is tedious and endless phone calls to suppliers can become a costly exercise. Have hope – looking for smaller vans and bakkies, or looking for trucks or fleets doesn’t have to be the difficult task of the past. The economic recession has led to an increase in the number of repossessed vehicles which are sold at auctions for a greatly reduced price. This means that you could get more than one car that you need for the price of a single new vehicle. A good way to start is turning on that computer and having a look online.
If you’re still not sure where to buy used commercial vehicles then take the advice of hundreds of people online and search for bank repossessed vehicles. These vehicles are repossessed when their owners have defaulted on their payments, and are commonly sold at auctions. This is beneficial to you as a buyer because there is the opportunity for you to look at vans, bakkies, fleets and trucks all in one day, which saves you time. These cars are all pre-owned so its important to have a look at each vehicle before you make a purchase because many vehicles are sold as-is, without a guarantee.
Buying a pre-owned vehicle can be a cheaper way to buy commercial vehicles for your business. If you’re looking for guaranteed cars, the best places to visit are car dealerships. Have a look online at dealerships and see what deals they can offer. Its useful to visit auctions and dealers to makes sure that you can get the best prices for your needs. If you didn’t know before, you now know where to buy used commercial vehicles.
Repossessed Bakkies and Trucks
Repossessed bakkies and trucks are easily available and range from top quality new vehicles to cheap vehicles that are pretty easy to purchase. Bakkies and trucks are repossessed by the banks and private vehicle finance companies regularly as there are business that start out a regular basis with great ambition and willingness to spend, but don’t always go as planned. In recent times, following the recession and massive resultant decline in construction, the unfortunate truth is that many small construction companies and specialist contractors have met unpleasant ends. This results in repossession of their fleets by their financers, when they go into liquidation.
Because of the relatively high interest rates on vehicle finance, along with the depreciation on light commercial vehicles, the result of the banks calculations leaves the value of these repossessed bakkies and trucks pretty low, so you can find pretty decent deals if you do your homework. What you must remember is that the price of used commercial vehicles is basically determined by “the book”, i.e. by calculations based on list price, market price, and depreciation. This may sound obvious, but the point is that the value given to these vehicles is not based on condition of the vehicle as much as it is in the case of a willing seller. Given that you’ll be buying vehicles from banks processing many items it is imperative to check out the condition of the vehicle yourself, take someone with experience in motor mechanics along with you if you don’t know how to look around an engine yourself.
You can purchase these vehicles direct from the banks, all the big banks have a department to handle “repo-ed” cars, so look them up or ring the bank to find out what they have. Alternatively you can go to the bug auction houses, like Burchmores or Aucor and have a look around at what they have on the floor to see if you can find a great deal on some repossessed bakkies or trucks.