Absa Bank regularly auctions repossessed cars at trade centres near Pretoria, with venues such as Park Village Martindale in Gauteng and Tirhani Auctioneers in Boksburg hosting upcoming events[1]. These auctions frequently feature vehicles at wholesale prices, typically offered at lower rates than standard dealership listings[4].
In Gauteng, examples of repossessed cars listed under R50,000 include:
- 2001 BMW 5 Series 525i A/T – R49,000
- 2005 Fiat Palio I 1.2 EL – R49,000
- 2006 Hyundai Atos Prime – R49,000
- 2001 Volvo S60 T5 A/T – R48,000
- 2009 Volkswagen Tenaciti 1.4i (non-runner) – R20,800
- 2019 Zontes ZT310T 310 (non-runner bike) – R22,500
These prices are representative of recent auction listings and may vary depending on the vehicle’s condition, model year, and mileage[3].
To participate in an Absa repossessed vehicle auction near Pretoria, buyers must:
- Register before the auction and provide a refundable deposit (often around R5,000)
- Bring a South African ID or certified copy, plus proof of physical address
- Settle payments via bank-guaranteed cheque or confirmed electronic transfer
- Note that cars are sold “voetstoots” (as seen, without guarantees)[4]
Auction catalogues, including vehicle details and prices, are typically available a few days ahead of each event on the Absa website or through the relevant auctioneer. Viewing days are scheduled before auction dates to inspect available cars in person[1][2].