Repo car auctions Pretoria
Having your car repossessed could really mean two things. Either you lose your car to the bank or you pay off your debt and get it back. If you do not get it back the only thing that is going to happen is that the bank will take it and sell it at an auction for less. So ultimately making the next man’s’ life easier than it could have been. When you take up car finance and cannot pay the installment for about 3 months or so the next thing the dealer will do is repo the car. But of course they will do their best to make sure that you keep your car.
The first advantage of buying a repossessed cars is that there is a wide variety of vehicles to choose from, with different prices and sizes. Secondly, chances are that you are going to get a car for a great price and in good condition. Most of these cars when repossessed are new and still on service plan so you would be shocked with the condition of some of these cars, it’s an advantage to you getting a mechanically sound car at a low rate. Repo car auctions Pretoria guarantee you this.
When buying a new car, the value of the car falls as soon as you drive it off the showroom floor. With repossessed cars, that value has already taken the plunge and it loses value more slowly, so either way you are still getting value for your money with a repo car. Depending on the brand, you save a lot of money on a repossessed car. Some brands lose value faster than other brands. Brands like BMW and VW lose value quick because new models come out each year.
When buying a relatively new repossessed car, the factory warranty will still be in use, if you were looking to purchase a car we highly recommend an auction.
For more auction news read: Auctions in Johannesburg