Biggest Bank Vehicle Auction in Bloemfontein! 150 Cars Must Sell!

Aucor Bloemfontein Vehicle Auction: Your Chance to Secure a Quality Bank Vehicle at a Great Price!

Aucor Bloemfontein is gearing up for one of its most exciting vehicle auctions in years, featuring an incredible lineup of nearly 150 bank-repossessed vehicles. If you're in the market for a quality car at a competitive price, this is an auction you don’t want to miss!

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What Makes This Auction Stand Out?

For the first time since 2019, Aucor Bloemfontein will auction off such a massive volume of bank vehicles in a single event. The lineup includes a wide range of vehicles, from budget-friendly hatches to high-value SUVs, bakkies, sedans, and even late-model Toyota Quantum minibuses.

Auction Highlights:

✔ Over 150 bank-repossessed vehicles
✔ Wide variety: Hatchbacks, sedans, SUVs, bakkies, and commercial vehicles
✔ Rare finds: 2021 Toyota Land Cruiser 300 3.5T V6 GZ and 2025 Jaecoo J7 1.6T Glacier DCT
✔ Low-mileage options: Many vehicles with under 10,000 km on the clock
✔ Popular models available: VW Polos, Kia Sportage, Seltos, and Sonet SUVs

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Price Range & Affordability

With a diverse range of vehicles on offer, there's something to suit various budgets, from affordable options to high-end models.. With competitive bidding, buyers have a real opportunity to land a great deal.

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Auction Details & Viewing Times

📅 Pre-bidding starts: Wednesday, April 2, 2025, at 2 PM SAST
📅 Live auction starts: Thursday, April 3, 2025, at 10:30 AM SAST
📍 Location: Aucor Bloemfontein, 1 Kruger Avenue, Estoire, Bloemfontein
☎ Auction Manager: Dibo - 083 797 9945
☎ General Enquiries: Bloemfontein Office - 051 433 2872

Viewing Days:

📅 Tuesday, April 1 – 08:00 to 17:00
📅 Wednesday, April 2 – 08:00 to 17:00

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How to Participate: Online & Live Bidding

Can’t attend in person? No problem! Aucor’s webcast bidding system lets you participate from anywhere via the Aucorlive app. Watch the auction in real-time and bid against both online and on-site bidders.

✅ Register on AucorLive App (onelink.to/aucorlive)
✅ Watch the auction live with professional video and audio streaming
✅ Bid against on-site participants from your phone or computer

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Auction Registration & Fees

💰 Deposit: R10,000
💰 Buyers’ Commission:

6% on runners
8% on non-runners

10% on commercial assets

💰 Vehicle Documentation Fee: R2,600 (excl. VAT)
💰 Standard Bank assets: 0% buyers commission

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Tips for First-Time Bidders

📝 Register early to avoid last-minute issues
🧐 Inspect the vehicles on viewing days to ensure they meet your expectations
💡 Stick to your budget – know your maximum bid before the auction starts
📌 Understand the fees – hammer price excludes VAT, documentation fees, and buyers' commission
🚗 Winning multiple bids? You’ll need to pay for all vehicles awarded to you

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Finance Available – Bid with Confidence!

Looking for finance? Get pre-approved with Auction Finance and bid with confidence! Our hassle-free pre-approval process helps you secure funding before the auction, so you can focus on finding the right vehicle.

What’s more? If you have a validated pre-approval with Auction Finance, you can register for this auction without paying the required cash deposit!

📞 Contact: Celeste Steenberg - 082 374 5078
🔗 Apply now: www.auctionfinance.co.za

Auth FSP34936

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Why Choose Aucor Bloemfontein?

With a legacy dating back to 1968, Aucor Bloemfontein has built a reputation for transparent, high-quality auctions. The team provides in-house condition reports via the AucorLive app, offering buyers detailed insights before bidding.

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How to Register & Find the Catalogue

🖊️ Register in person at Aucor Bloemfontein during viewing days or on auction day
💻 Online registration: Available now – don’t wait until the last minute!
📄 FICA documents required: Copy of your ID and proof of address (not older than 3 months)
📑 Auction catalogue & details: Download via Aucor Live App or get a printed copy at reception

live.aucor.com

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Don’t Miss Out!

With an impressive lineup of bank vehicles, live and webcast bidding, and flexible financing options, this Aucor Bloemfontein auction is an event you can’t afford to miss. Register now and get ready to bid on your next vehicle!

📅 Auction Date: April 3, 2025
📍 Location: Aucor Bloemfontein, 1 Kruger Avenue, Estoire
📞 Contact for finance: Celeste Steenberg - +27 82 374 5078
🔗 Full Auction Catalogue: Click Here

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Attention Eastern Cape Buyers: Secure Pre-Approved Finance for the ABSA Online Vehicle Auction!

Looking for a great deal on your next car? Good news! The upcoming ABSA Vehicle Auction is fully online, with over 200 vehicles available for bidding – and you can access this auction from anywhere in the Eastern Cape!

Even though the vehicles are located in Johannesburg, you can participate in the auction from the comfort of your home. Plus, with pre-approved finance from Nicol Palmer, you can bid confidently without the usual stress.

Need a full inspection before bidding? We've partnered with View4You to offer vehicle inspections remotely, so you can ensure you're making the right choice – no matter where you are!

📅 ABSA Auction Details

• When: Auction Starts: 31 March 2025 (online)

• Webcast Auction Finishes: 1 April 2025 at 10:00

• Viewing Days: 28 & 31 March (9:00 - 15:00)

• Auction Terms & Catalogue: View Here

Ready to Bid?
Contact Nicol Palmer for your pre-approved bank finance today:
📞 +27 61 521 7518
📧 nicol@auctionfinance.co.za
🌐 www.auctionfinance.co.za

Need an inspection? Contact our partner View4You at view4you.co.za.

#EasternCapeBuyers #AuctionFinance #ABSAVehicleAuction #PreApprovedFinance #CarFinance #View4You

Interest Rates Hold Steady – Is It Finally Time to Buy That Car?

If you’ve been putting off buying a car because of rising interest rates and high prices, here’s some good news:

The South African Reserve Bank (SARB) just announced that interest rates will remain unchanged—meaning your borrowing power isn’t shrinking any further, at least for now.

With the repo rate holding at 7.50% and the prime lending rate at 11.00%, car buyers on linked-rate finance won’t see their monthly repayments rise in April.

So, what does this mean for you?

💡 If you’ve been waiting for the right time to buy, this might just be it.

Why Smart Buyers Are Turning to Auctions

Over the past year, the used car market has been unpredictable. Prices remain high at dealerships, while private sales come with risks and hidden costs.

But there's a third option that more and more buyers are turning to: bank vehicle auctions.

At auctions like the upcoming ABSA Passenger & Commercial Vehicle Auction, you’re buying directly from the bank — at prices that are significantly lower than what you’d pay elsewhere.

The catch?
You need to be prepared. And that’s where Auction Finance comes in.

How to Buy at Auction – Without the Stress

One of the biggest myths about auctions is that they require cash upfront. While it’s true that many buyers pay cash, you don’t have to—if you get pre-approved finance before the auction.

✔ With pre-approved finance, you can register to bid without a deposit.
✔ You’ll know exactly what you can afford before the auction starts.
✔ And you won’t need to scramble for funding if you win your bid.

ABSA Auction Details

📍 Where? ABSA Trade Centre, 8 Top Road, Anderbolt
📅 When?

• Viewing Days: Friday, 28 March & Monday, 31 March (9:00 - 15:00)

• Bidding Starts: Monday, 31 March (online)

• Webcast Auction Finishes: Tuesday, 1 April at 10:00 sharp
  ⚠️ Deposit Required: R7,000 (unless you have pre-approved finance)
  🔗 Auction Terms & Catalogue: View Here

Secure Your Finance Before the Auction

📞 Contact Lizette Muller: +27 72 105 8379
🌐 Apply Now: www.auctionfinance.co.za | Auth. FSP34936

With no interest rate hikes and over 200 vehicles on auction, now might be the best time to find a great deal on your next car.

Are you ready?

National Vehicle Auction – Webcast Only

 Save the date: 

🗓 Auction Date: Wednesday, 19 March 2025 | Starts at: 10:00 AM
💰 Registration Deposit: R7,000 (Refundable)
📍 Auction Locations: Johannesburg, Durban, Bloemfontein, Gqeberha (PE)

Auction Overview

This National Vehicle Auction is your chance to bid on a variety of bank-repossessed vehicles from leading financial institutions, including Standard Bank, BMW Financial Services, ABSA Bank, and more.

This is a webcast-only auction—no physical attendance is permitted. Be sure to register online and secure your deposit in advance.

🔗 Preliminary Catalogue (Subject to Change): In preparation - not final. 
👉 View the Catalogue Here

📝 Auction Terms & Conditions:
👉 Read Terms & Conditions

Finance Available – Get Pre-Approved!

Buying at an auction? Get pre-approved finance to bid with confidence! Our team can assist across major regions:

📌 Johannesburg – Contact Nondumiso Mzungu
📞 +27 64 673 1349 | 🌍 www.auctionfinance.co.za

📌 Durban (KZN) – Contact Dineshni Naidoo
📞 +27 83 381 2303 | 🌍 www.auctionfinance.co.za

📌 Bloemfontein – Contact Celeste Steenberg
📞 +27 82 374 5078 | 🌍 www.auctionfinance.co.za

📌 Gqeberha (PE) – Contact Nicol Palmer
📞 +27 61 521 7518 | ✉️ nicol@auctionfinance.co.za | 🌍 www.auctionfinance.co.za

🚀 Pre-approval ensures you can bid confidently, knowing your finance is in place.
💡 Apply now and avoid last-minute delays!

Auction Details

• Auction Type: Webcast Only (No In-Person Attendance)
• Auction Format: Bank-Instructed Auction
• Viewing Date: Tuesday, 18 March 2025 | 09:00 – 16:00
• Auction Start Time: Wednesday, 19 March 2025 at 10:00 AM
• Deposit Requirement: R7,000 (Refundable)

📍 Auction Locations for Vehicle Collection:

• Johannesburg: 221 Main Road, Martindale
• Durban: Quarry Place, Off Queen Nandi Drive, River Horse Estate
• Bloemfontein: Cnr R64 & Valentia Road, Waterbron
• Gqeberha (PE): ABSA Vehicle & Asset Finance Trade Centre, 142 Burman Road, Deal Party

🚗 Don’t miss out on this opportunity to get a great deal on a bank-auctioned vehicle!

📲 For finance assistance, reach out to your nearest consultant above or apply directly at www.auctionfinance.co.za | Auth. FSP34936

Why South Africans Are Turning to Auctions for Affordable Cars

With over 73% of new cars in South Africa now costing more than R500,000, owning a vehicle has become a distant dream for many. According to a recent article by TopAuto, the average formal sector salary of R26,800 per month means most South Africans can only afford a car priced at around R250,000—a price point where new car options are virtually nonexistent.

But there’s good news for savvy buyers: auctions are emerging as the go-to solution for affordable, clean, late-model vehicles. Here’s why more South Africans are turning to auctions to find their next car—and how Auction Finance can help you secure a great deal.

The Rising Cost of New Cars

As highlighted in the TopAuto article, the COVID-19 pandemic disrupted global supply chains, leading to production shutdowns and a surge in car prices. Even as production has recovered, prices have remained high due to factors like the fluctuating rand, high import duties (18%-25%), and the inclusion of advanced tech features in modern vehicles.

The result? The average South African is priced out of the new car market, with only a handful of models available under R250,000.

Why Auctions Are the Answer

Auctions offer a practical and affordable alternative to buying new. Here’s why they’re gaining popularity:

• Unbeatable Prices: Auction trends show that vehicles are currently selling at around 85% of their trade value—well below retail prices. This means you can secure a high-quality, late-model vehicle for significantly less than you’d pay at a dealership.

• Wide Variety: From fuel-efficient hatchbacks to reliable bakkies, auctions offer a diverse range of makes, models, and conditions to suit every budget.

• No Dealer Mark-Up: By cutting out the middleman, you save on the hefty dealer mark-up, leaving room in your budget for insurance, maintenance, and upgrades.

• Great for Resale: Buying at auction means you’re less likely to take a big hit on resale value, making it a smarter long-term investment.

Addressing Auction Concerns

We understand that some buyers may be hesitant about auctions due to the “voetstoots” (sold as-is) nature of the sales. However, reputable auctioneers like MFC provide Dekra inspection reports on all their vehicles, giving you peace of mind about the car’s condition.

Additionally, Auction Finance offers a variety of Value-Added Products and Services (VAPS), including warranty options and maintenance plans, to protect your purchase.

How Auction Finance Can Help

At Auction Finance, we make the auction process seamless and stress-free. Here’s how:

• Pre-Approved Finance: Get pre-approved and know your budget before you bid.

• Onsite Support: Our team is available at all major auctions, including bank vehicle, fleet, and commercial auctions, to assist you every step of the way.

• VAPS: Protect your purchase with our range of value-added products.

Don’t Miss Out on the Auction Advantage

With new car prices soaring and affordability becoming a major concern, auctions offer a practical and cost-effective solution for South African buyers. Whether you’re looking for a fuel-efficient runabout or a reliable family car, auctions provide access to a wide range of vehicles at prices that won’t break the bank.

Take the first step toward owning your dream car today. Apply for pre-approved finance online at www.auctionfinance.co.za and let us help you drive away with a great deal.

Auction Finance | Auth FSP 34936
Your trusted partner in affordable vehicle financing.

What Salary Do You Need to Earn to Afford a R150,000 Car on Finance?

If you are in the market for a used car and wondering whether your salary can comfortably cover the costs of financing, you are not alone. Many South Africans are asking the same question: "Can I afford a car on finance, and what salary do I need to earn to make it work?"

Let’s break it down using a realistic example: financing a car priced at R150,000. This is a common price point for reliable used vehicles, and understanding the numbers can help you make an informed decision.

The Basics: What Does a R150,000 Car Cost Per Month?

To finance a car, you will typically take out a loan with a fixed interest rate and repayment period. Using the following assumptions:

• Car price: R150,000

• Loan term: 5 years (60 months)

• "Estimated Interest rate": 11% per annum (a common rate for vehicle finance in South Africa)

• Deposit: 0% (no deposit)

• Balloon payment: None

Using these figures, the monthly repayment works out to approximately R3,287.

What Salary Do You Need to Afford This?

We recommend that you spend no more than 20% of your gross monthly salary on vehicle repayments. This ensures you have enough left over for other living expenses, savings, and emergencies.

So, to afford a monthly payment of R3,287, you would need to earn:

Required Estimated Salary = Monthly Payment / 0.20
= R3,287 / 0.20
= R16,435 per month

This means you would need a estimated gross salary of at least R16,435 per month to comfortably afford a R150,000 car on finance.

But Wait – There’s More to Consider

While the monthly repayment is a big part of the equation, it is not the only cost you will need to factor into your budget. Here are some additional expenses to keep in mind:

• Insurance: Comprehensive car insurance is essential, and the cost will depend on factors such as your age, driving history, and the car’s value.

• Fuel: Depending on your daily commute and the car’s fuel efficiency, this could add hundreds (or even thousands) of rands to your monthly expenses.

• Maintenance and Repairs: Used cars may require more frequent maintenance, so it is wise to set aside a portion of your budget for servicing and unexpected repairs.

• Licensing and Registration: Do not forget the annual licence fee and any registration costs.

These additional costs can easily add R2,000 + to your expenses, so make sure you account for them when planning your budget.

Why the 20% Rule Matters

Sticking to the 20% rule is crucial for maintaining financial stability. Spending too much on a car can leave you short on cash, making it difficult to cover other essentials such as rent, groceries, and savings.

For example, if you earn estimate of R16,435 per month and spend R3,287 on your car payment, you will have R13,148 left for everything else. If you add insurance, fuel, and maintenance, your total car-related expenses could consume 30-40% of your salary, leaving you with less flexibility for other priorities.

Is Financing a R150,000 Car Right for You?

If you earn an estimate of R16,435 per month (or more), financing a R150,000 car could be a realistic option. However, if your salary is lower, you might want to consider:

• Saving for a deposit: Putting down a deposit reduces the loan amount and lowers your monthly payments.

• Choosing a cheaper car: Opting for a car priced below R150,000 can make financing more affordable.

• Exploring shorter loan terms: A shorter loan term (e.g., 3 years) means higher monthly payments but less interest paid overall.

How Auction Finance Can Help

At Auction Finance, we specialise in helping clients structure deals that work for their unique financial situations. Whether you are looking to finance a used car, refinance an existing loan, or explore private-to-private finance options, our team is here to assist you every step of the way.

We understand that everyone’s financial circumstances are different, and we are committed to finding solutions that fit your budget and lifestyle.

Why Choose Auction Finance?

• Tailored Finance Solutions: We work with you to structure a deal that suits your needs.

• Refinance Options: Already have a car loan? We can help you refinance to better terms.

• Private-to-Private Finance: Buying from a private seller? We have got you covered.

Final Thoughts

Financing a car is a significant financial commitment, but with careful planning, it is entirely achievable. If you are earning at least R16,435 per month, a R150,000 car could fit comfortably into your budget – as long as you account for all the additional costs and stick to the 20% rule.

And if you need expert advice or assistance, do not hesitate to reach out to Auction Finance. We are here to help you navigate the process and find the best deal for your situation.

Contact Auction Finance Today!

Let us assist you in structuring a deal that works for you. Whether it is buying on auction, refinancing, private-to-private finance, or finding the right loan terms, we have got the expertise to make it happen.

📞 Visit us at: www.auctionfinance.co.za
📝 Authorised FSP34936

Your dream car is within reach – let’s make it a reality!

Subject to Ts and Cs.

FOUR EXCLUSIVE ABSA BANK VEHICLE AUCTIONS THIS MARCH!

If you’re looking to buy a quality used car at trade-related prices, mark your calendars! ABSA Bank is hosting four exclusive vehicle auctions this March in Johannesburg, Durban, Port Elizabeth (Gqeberha), and Bloemfontein. These auctions feature genuine repossessed vehicles, offering buyers a fantastic opportunity to secure a great deal.

To help bidders bid with confidence, Auction Finance is available! Get pre-approved and skip the stress of last-minute financing. With a validated pre-approval, you can bid seamlessly without worrying about deposit requirements.

Upcoming ABSA Vehicle Auctions:

DURBAN: Wednesday, 12 March at 10:00

📍 Location: Park Village Auctions Bank Asset Disposal Centre, Quarry Place, Off Queen Nandi Drive, River Horse Estate
🔗 Auction Details: Click here
👀 Viewing Days: Monday 10th & Tuesday 11th March, 09:00 - 15:00
💰 Finance: Secure pre-approved bank finance! Contact Dineshni Naidoo at +27 833812303 or apply online

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BLOEMFONTEIN: Thursday, 13 March at 10:00

📍 Location: Park Village Auctions Bank Asset Disposal Centre, c/o R64 & Valencia Road, Waterbron, Bloemfontein
🔗 Auction Details: Click here
👀 Viewing Days: Tuesday 11th & Wednesday 12th March, 09:00 - 15:00
💰 Finance: Secure pre-approved bank finance! Contact Celeste Steenberg at +27 823745078 or apply online

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GQEBERHA / PE: Thursday, 13 March at 10:00

📍 Location: ABSA Vehicle and Asset Finance Trade Centre, 142 Burman Road, Deal Party, Gqeberha (PE)
🔗 Auction Details: Click here
👀 Viewing Days: Tuesday 11th & Wednesday 12th March, 09:00 - 15:00
💰 Finance: Secure pre-approved bank finance! Contact Nicol Palmer at +27 615217518 or apply online

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JHB BOKSBURG: Monday, 17 March 11:00 – Tuesday, 18 March 11:00

📍 Location: ABSA Trade Centre, 8 Top Road, Boksburg & 4 Van Dyk Road, Benoni
🔗 Auction Details: Click here
👀 Viewing Days: Friday 14 March (08:00 - 16:00) & Monday 17 March (08:00 - 16:00)
💰 Finance: Secure pre-approved bank finance! Contact Lizette Muller at +27 721058379 or apply online

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Why Buy at an ABSA Auction?

✔️ Genuine Repossessed Vehicles – No surprises, just real bank stock.
✔️ Huge Variety – Cars, light commercial vehicles & more.
✔️ Trade-Level Pricing – Get vehicles at unbeatable prices.
✔️ Pre-Approved Finance Available – Bid with confidence & secure your deal hassle-free.

🔔 Act now! Get your pre-approval today and be auction-ready. Apply online at www.auctionfinance.co.za or reach out to our finance specialists listed above.

Happy bidding, and see you at the auctions!