ABSA repossessed car auctions near Johannesburg regularly feature vehicles that can be acquired for under R40,000, though the exact models and prices depend on current stock and competitive bidding[1][2][4].
The most direct way to find these vehicles is to attend or register for the official ABSA repossessed vehicle auctions held at:
- Absa Trade Centre, 8 Top Road, Boksburg – a key auction location near Johannesburg, with regular events hosted by Tirhani Auctioneers[1][2].
- Tirhani Auctioneers, 4 Van Dyk Road, Benoni – another official site with preview days, allowing potential buyers to inspect vehicles before bidding[1].
Vehicles are sold voetstoots (as is, where is), so thorough inspection before bidding is strongly recommended. Bidding often starts well below R40,000, especially for older models or non-runners, although additional costs such as VAT (15%) and an administration fee (typically R2,500 including VAT) will be added to the final amount[1].
To participate:
- Check auction catalogs on auctioneers’ websites for listings under your budget (catalogs become available a few days before the auction)
- Register as a bidder online and provide all FICA-required documents ahead of time[1].
- Attend preview days (usually scheduled just before the auction date) to inspect vehicles and identify cars under R40,000[1].
- Remember that winning does not guarantee purchase unless your bid meets the seller’s reserve price[1].
Non-runners and accident-damaged vehicles are usually listed at the lowest prices and may fall within the R40,000 range, but require additional cost for repairs and towing. Regularly updated auction catalogs are available through:
Contact the auctioneers directly for the most current vehicle lists, specific pricing, and support with the bidding process[1].