The Gauteng car market and auctions selling repossessed vehicles to the general public and dealers looking to buy various makes and models at wholesale prices is one that has started to boom in recent times. ABSA, FNB, Nedbank and Standard bank are the four major financial providers that have seen a dramatic rise in repossessions due to the financial times experienced by hundreds throughout South Africa. Many people are taking advantage of this and looking to buy cheap cars in Gauteng in a market that is becoming quickly flooded with various makes and models of automobiles across the board.
Buying a second hand vehicle in a Gauteng car market that offers much choice on various models puts the buyer in a very strong position to negotiate. Whether it is buying from classified newspaper ads, online from the Gauteng Gumtree cars section or from any other kind of advertising, buyers are more often than not now able to negotiate on prices and end up purchasing a used vehicle at a very affordable price. Of course, bank repo auctions are not somewhere a bidder can negotiate but vehicles sold at these in the Johannesburg and Pretoria areas are already very cheap according to values.
A surprising amount of second hand vehicles get taken out of the Johannesburg and Pretoria region to be sold in coastal regions such as Durban and Cape Town. People looking to buy a pre-owned vehicle in the coastal regions understand that rust is not such a factor inland and many are willing to pay slightly more for these automobiles. Bank finance is usually available on-site at any repossession auction events for those thinking of purchasing something but perhaps not having the cash up-front. Whether you buy a vehicle from Gumtree, classified newspaper adverts or from a bank repo auction, the Gauteng used car market is booming and will certainly have the make and model you are looking for.