Nedbank repossessed cars are frequently available for purchase through MFC, Nedbank’s vehicle finance division, which holds regular vehicle auctions at various locations across South Africa. These repossessed vehicles are often sold at competitive prices, and interested buyers can browse the latest catalogues online or attend live and online auctions. To participate, you typically need to register, pay a deposit, and then bid during the auction[5].
You can find information about upcoming auctions, catalogues of available vehicles, and auction requirements on the official MFC Auction House website. Once registered, you can view all upcoming auctions, track vehicles you are interested in, receive notifications about price reductions, and participate in bidding either in person or online[7]. Auctions usually happen weekly, and vehicles sold include bank repossessions with a clear description and guidance for each lot[4].
If you are interested in these auctions, you can:
- Browse available repossessed vehicles ahead of the auction on the MFC website or other advertised platforms[6].
- Register as a buyer and pay any required deposit ahead of participation[7].
- Take part in bidding live or online as per the auction calendar[8].
- Access financing options through Nedbank and MFC if necessary[5].
The selection and auction details are updated frequently, so checking the latest auction calendars and catalogues is advisable if you are looking for a specific make or model[6].