Burchmores bank repossessions auctions are held every Tuesday, Thursday and Saturday in Johannesburg, Cape Town, Durban and other areas of South Africa like Nelspruit, Polokwane and Knysna. Vehicles are sold on behalf of registered financial credit providers in the country such as Standard Bank, WesBank and Mutual and Federal just to name a few. Anyone can join in and bid at these events and finance is available from all of SA’s major banks on the spot. Catalogues or lists of repossessed cars and vehicles are made available for participants to see what is available at least 3-4 hours before the event.
Those wishing to participate in Burchmores bank repossessions auctions need to register at the event and must make a refundable deposit in the form of a guaranteed cheque. No test drives are allowed before bidding or an event begins although it is possible for potential buyers to visit for a closer look at the used vehicles that will be on sale a day before. Not everybody is comfortable when it comes to bidding against other people so there are always members of staff and auctioneers on hand at a Birchmores event to help and guide beginners or those who are a little nervous through the process.
We always maintain that it is good practice to view vehicles and learn as much as you can about them before you decide to participate in an event. Reason being that many vehicles that have been taken back by a bank or financial institute have been done so due to non payment by the previous drivers. This often suggests that these people have been struggling financially and may have neglected certain repairs or regular services so if possible, visit the day before and if you are a little uneducated on what to look for when buying second hand, try to take someone with you for help and a second opinion before you buy. Having said that, there is no better place in South Africa to pick up a bargain when it comes to used vehicles than at one of the Burchmores bank repossessions auctions.