Standard Bank car auction events in SA are great places to buy the vehicles you want at discount prices. Auctions sell repossessed vehicles for a fraction of their usual price and all you need to start bidding is a small deposit and a bit of finance. Banks are on site to assist you in making up the difference you need in the form of loans, which means you can get the Toyota, Fiat or Mercedes you want. These auctions take place all around the country, because around the country there are people not making their repayments on time. So whether you’re in Durban, Gauteng or Cape Town you’ll be able to find one if you just keep your eyes on the newspapers.
If you’ve never been to a recent Standard Bank car auction event in SA before, don’t panic. It is easy to participate in these types of sales. You need a small deposit before you can start bidding, and then you can begin. Depending on the style of car, the starting price may be high or low. In most cases, this is also influenced by the age of the vehicle and by how far it has been driven. Most banks just want to recoup the funds that they have lost whilst the previous owner was defaulting on their repayments. That’s why they’ll often offer you vehicle finance as well. It’s like getting a new automobile at a discount price.
Repossed cars come in all shapes and sizes, and are sold as they are. This means that before you start bidding on the Toyota of your dreams you should be prepared to ask the dealer a couple of questions about it. In most cases, the bank will let you have a look at the car the night before so that you can inspect it and see if it is what you want. Whether you’re in Cape Town, Gauteng or Durban, if you’re looking for cars at discounted prices, then visit one of the car auctions afilliated with Standard Bank of South Africa.