Vehicle auctions in Johannesburg selling bank repossessed cars from ABSA, Standard Bank, FNB and Nedbank are held on a regular basis and becoming more popular as people look to buy a bargain on pre-owned models. Burchmores in Sandton for example hold events about twice a week from their premises where the public can bid against each other for bank repossessions. Check for official dates and times of the auctions by visiting their website at burchmores.co.za. Some events are held in the mornings and others are arranged for the evening times as to give everybody who is looking to buy cars a fair chance.
For those who may have never attended vehicle auctions in Johannesburg and perhaps feel a little intimidated there is always friendly staff on hand at these events to help explain and guide the public through the process. There are guidelines and rules to follow as well as tips and advice to be given on how to bid against others in an effort to get the cheapest price possible when buying a pre-owned vehicle that has been repossessed. Finance is usually available on the spot from some of South Africa’s major vehicle finance providers such as ABSA, Standard Bank, Nedbank and FNB.
Lists of cars and bakkie’s to be auctioned off are usually available and the opportunity to view them and have a good look at the condition is often advisable and can be done at least a day before an event. No test drives are allowed but it is possible to have a good look at the outside for any accident damage, the interior, engine, check the floor for any possible leaks and potential buyers will be able to start the engine to listen for any problems there may be. Remember, these cars and bakkies are bought “as seen” so if you are not clued up on mechanics it may just be a good idea to take a mechanic with you when off to visit vehicle auctions in Johannesburg to buy a decent used car or bakkie.