ABSA car auctions in Gauteng offer you the chance to bid on and buy bank repossessed cars in South Africa. Buying a car at these events can be exciting, daunting and terrifying all at once. However going through the ABSA car auctions in the Boksburg area of Gauteng is a good way for you to find your dream vehicle.
Why Buy a Car at ABSA Car Auctions?
5 reasons to buy a car at ABSA car auctions:
- ABSA Bank has a good reputation
- The car auctions are run professionally
- You can get in-house vehicle finance
- Boksburg has an ABSA Trade Centre
- ABSA consultants can help explain bidding
This bank a well known and reputable financial service provider in South Africa. Because they have been around for many years and have many happy clients you can trust that dealings with them will be honest and transparent.
ABSA car auctions in Gauteng have provided many buyers with good quality vehicles and helped them take control of their lives.
There is an ABSA trade centre in the Boksburg area of Gauteng.
Buying a New Car
Although it is a dream of most people to own a brand new car it is often not a possibility.
Cars are expensive and even buying a bottom of the range car will be difficult. Most people require finance to buy a car which means two things:
- To qualify for a loan you must be able to prove that you have a regular income that will cover your living expenses as well as the car payments.
- Banks like ABSA will also want to see that you have a good credit record. If you have been blacklisted or if you are in trouble with other creditors, it is unlikely that you will qualify for a loan.
You will also need to put down a hefty deposit for a brand new vehicle. This can prove too expensive for many people.
So the ABSA auction cars are an alternative way to buy a newer vehicle at a wholesale price.
Buying an ABSA Bank Repossessed Car
If a car owner does not make his or her payments on a car ABSA will repossess the vehicle. The bank will then auction the car off to help cover their own costs. ABSA bank repossessed cars are a good option because of the following reasons:
- Repossessed cars are often still new and still work well, saving you the costs of repairs and maintenance
- A repossessed vehicle might still have its warranty and service plan saving you money on services
- Buying through an ABSA auction means that the buyers determine the worth and price of a vehicle rather than a potentially dishonest dealer
This may also interest you: Buying a Repossessed Car in South Africa
Buying ABSA Second Hand Cars
A second hand vehicle will be cheaper than a brand new one at ABSA car auctions but there are several downsides to this option too.
For example used cars might have defects and faults that cause constant break downs. Which means constant payments for repairs and maintenance.
Used cars will generally not have service packages or warranty’s. So this requires you to pay out of your own pocket for regular services.
In Summary
To summarize we have learnt that you can get a cheaper deal by bidding and buying a car at the ABSA car auctions in Gauteng.
So it’s worth spending the time getting to know how the auction process works. Also it’s a good idea to visit a few events at the ABSA Trade Centre in Boksburg to get a feel for the process before you buy.
Whatever you decide you’ll see that you have quite a few options on different kinds of vehicles for sale at these popular events.