Absa Bank regularly offers repossessed cars for sale through public auctions at various trade centres across South Africa, providing buyers with opportunities to purchase vehicles at potentially lower prices[1].
Upcoming auctions are held in regions such as Boksburg, Cape Town, Durban, Port Elizabeth, Bloemfontein, and Gauteng. You can view and bid on available vehicles by registering for these auctions, with details and catalogues provided online through Absa’s auction partners and websites[1]. Auction participation typically requires registration, a refundable deposit, and valid FICA documents[2].
Absa’s repossessed car auctions are conducted via approved auctioneers such as Tirhani Auctioneers. A comprehensive vehicle catalogue is usually uploaded online before each event, allowing prospective buyers to review available cars and their specifications. Inspection days are scheduled prior to the auction, so buyers can examine vehicles and assess their condition[2].
Key information to consider when purchasing a repossessed car at auction includes:
- All vehicles are sold “voetstoots” (as-is), without guarantees or warranties, and with no duty to repair. Known defects are disclosed, but buyers must verify vehicle condition by inspection[3].
- All auctions have terms and conditions, including administrative fees, potential reserve prices, and VAT (typically 15%) added to the final bid price[2].
- If you are the successful bidder, you will be invoiced for all successful bids—buyers cannot reject lots after winning them[3].
- Buyers are responsible for reading auction rules and terms, ensuring all documentation is provided, and for finalizing payments and collection arrangements within the stated timeframes[2].
- Some auctions, particularly during health and safety restrictions, may require appointments for viewing and collecting vehicles, as well as adherence to on-site protocols[3].
To participate, check the Absa website for upcoming auctions and detailed schedules, or contact partnering auctioneers for specific auction events and registration requirements[1]. Additional buyer education and advice on preparing for repossessed car auctions can be found via Absa’s official blog, which covers topics such as inspecting vehicles, reviewing auction terms, and ensuring diligent research before bidding[5].