| Looking for cars that have been repossessed by the | | | | repossessed and now is a good time to get a bargain |
| bank or by another vehicle finance company can be a | | | | on a reasonably new car at these repossessed |
| tough task. However it could be very rewarding as | | | | auctions. |
| you could easily purchase a decent vehicle at a | | | | Friendly staff is on hand to assist those that are new |
| wholesale rate. Repo cars for sale-what you need to | | | | to the bidding process. |
| know | | | | Be aware of the fact that the previous owner may |
| By shopping around for a repo car, you can pick up | | | | have been unable to keep up with maintenance and |
| great bargains and pay only a fraction of the car's | | | | services on the vehicle long before the payments |
| market value. The is fantastic news for anybody | | | | became too hard to keep up with. |
| whose in need of a vehicle and cannot afford to buy | | | | At auctions, all cars are bought 'voetstoots', which |
| one brand new. | | | | means that what you see is what you get. It is a good |
| There are many authorized repo dealers that can | | | | idea to take an experienced car dealer or mechanic |
| assist you in finding the vehicle that suits your needs | | | | with you to an auction to examine the vehicles for |
| and the bank will also be happy to assist with anything | | | | accident damage, wear and tear, engine problems and |
| from finding a suitable car, to financing it and getting | | | | other mechanical issues. |
| insurance. | | | | Most auctioneers allow interested parties who wish to |
| Once a car is repossessed, it is normally kept for a | | | | bid on cars the opportunity to have a good look at the |
| holding period to give the owner a final change to pay | | | | cars the day before the actual auction takes place. |
| the debt and get on track with their installments. These | | | | When dealer auctions take place, car dealers buy |
| cars may only go on sale or on auction some time | | | | repossessed cars at good rates and resell them at |
| after the repossession date. | | | | their dealerships. |
| Banks often have dealer auctions, however they do | | | | Many dealerships have online listings where you can |
| sometimes have public auctions too. At these auctions, | | | | search for a suitable vehicle. They also have trade |
| you can find repossessed vehicles at wholesale prices. | | | | magazines and other listings from where you could |
| During the recent recession, many cars have been | | | | buy a vehicle from anywhere in the country. |