Inside Track: Why Absa Bank Auctions Are a Goldmine for Used Car Buyers (Especially with Finance in Mind)

If you’re in the market for a quality used car and haven’t considered buying at an Absa Bank auction, now’s the time to pay attention. While dealerships continue to mark up prices and private sellers become increasingly unreliable, bank auctions remain one of South Africa’s best-kept automotive secrets. And Absa? They run one of the most reputable and transparent vehicle auctions in the country.

Whether you're a first-time bidder or an auction regular looking for a new ride, this guide is here to steer you straight—especially if you're planning to buy on finance.

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What Is an Absa Bank Auction—and Why Should You Care?

Let’s start with the basics. Absa Bank auctions are held to sell repossessed or fleet-return vehicles. That means most of these cars are still in good running condition—some even have full service histories and relatively low mileage. Unlike private sales, where you never really know what you’re getting, these auctions are managed professionally with full catalogues, disclosure on condition, and proper documentation.

But here’s the kicker: prices are usually well below retail value. You’re not paying for the showroom lights or the free keyring. You’re paying for the car—and that’s it.

Add Absa’s established reputation into the mix, and you’re dealing with a process that’s not only well-regulated but also transparent and above board.

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Why Savvy Buyers Choose Absa Auctions

1. Quality Vehicles, Often Gently Used

Many people hear the word “repossessed” and assume wrecks. Not so. The majority of vehicles at an Absa auction were simply defaulted on—not damaged or neglected. These cars often come with a traceable service record and sometimes balance of warranty. From city hatchbacks to luxury SUVs, you’ll find a diverse mix worth browsing.

2. You Can Snag Serious Bargains

Dealerships need to make a profit. Auctions are about moving stock. That means no padded pricing, no inflated ‘on-the-road’ fees, and no hidden upsells. If you’re strategic, patient, and a bit lucky, you could walk away with a car worth tens of thousands more than what you paid.

3. It’s a Fair and Open Process

Absa doesn’t play games. Vehicles are clearly listed with details. You can inspect the car ahead of the auction. The bidding process is transparent and competitive—you’ll know exactly what you’re getting into.

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Can You Get Finance for Auction Cars? Absolutely.

One of the biggest misconceptions is that you need to bring a suitcase of cash to an auction. Not true. Financing is available—especially if you plan ahead.

1. Get Pre-Approved for Maximum Confidence

The smartest move? Get pre-approved for vehicle finance before the auction. Auction Finance offers a streamlined pre-approval process that allows you to know exactly how much you can spend, which cars are within your budget, and what your repayment terms will look like.

This not only gives you confidence, but it also helps speed up the process post-auction—you won’t be scrambling to sort your paperwork while someone else drives away in your car.

Secure pre-approved bank finance: 📞 Lizette Muller: +27 72 105 8379
📧 Lizette@auctionfinance.co.za
🌐 www.auctionfinance.co.za
(Authorised FSP 34936)

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Upcoming Auction Details – Don’t Miss It

ABSA Passenger and Commercial Vehicle Auction – Boksburg (Webcast Only)

📅 Date: Tuesday, 06 May 2025
🕙 Time: Starting at 10:00
📍 Location: ABSA Trade Centre, 8 Top Road, Anderbolt
💻 Auction Type: Webcast – Online bidding only
💸 Registration Deposit: R7,000.00

🔍 Viewing Dates:

• Friday, 2 May 2025

• Monday, 5 May 2025
  From 09:00 to 15:00

📜 Terms & Conditions: Read Terms Here
📄 Printable Catalogue: Download Catalogue
🚗 Browse Cars Online: View Vehicles

This auction features genuine repossessed vehicles from Absa Bank, both passenger and commercial, and is handled by professional auctioneers under bank instruction. No walk-ins or on-site bidding—online only.

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Final Thoughts: Ready to Bid? Act Fast and Smart

Buying at an auction might seem intimidating at first, but once you’ve done it, it’s hard to go back to dealership haggling. And with financing solutions in place, there’s really nothing stopping you from driving away in something great at a price you’ll feel smart about.

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Don’t Let This Chance Drive Away

The next Absa auction might just have your perfect car—but only if you’re ready for it. With competitive finance, well-maintained vehicles, and real savings on the table, this is one opportunity that savvy buyers shouldn’t pass up.

Your dream car at a steal? Don’t let this chance drive away.

The Hidden Risks of Private Car Sales – And How to Protect Yourself

In a recent TopAuto feature that sent ripples through South Africa’s private car sale scene, a Gauteng man found himself at the wrong end of an increasingly common—and deeply troubling—issue: vehicle cloning.

Buying a car from a private seller might feel like the smart move. You avoid dealership markups, negotiate directly with the owner, and often snag a better price. But as this recent case shows, sometimes that “great deal” hides a serious risk.

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A Cautionary Tale: Cloned and Uncovered

After purchasing a Nissan Almera for R80,000 from a private seller, the buyer—thinking he had done everything by the book—was left reeling just two months later when the car was hijacked.

When he filed a claim with his insurer, Old Mutual, he got shocking news: his car was a clone. The insurer refused to pay out, stating that cloned vehicles are not legally insurable.

“I could not understand why they rejected it, because the car was bought legitimately with an affidavit from the police made by the seller,” the man told SowetanLive.

Unfortunately, cloned cars aren't just illegal—they’re financial black holes. Buyers not only lose the vehicle, but they often have no recourse for recovery.

📖 Read the full article on TopAuto

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What Is Vehicle Cloning?

Cloned vehicles have falsified identity numbers—VINs and license plates copied from legitimate cars—to mask their true (often criminal) origins. These vehicles can look perfectly legal on paper, but they’re not. And when the truth comes out, it’s usually after the buyer has paid—and when it’s too late.

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How Can You Protect Yourself?

✅ Verify the Vehicle Thoroughly

• Cross-check VIN and engine numbers with registration documents.

• Use an HPI check to confirm the vehicle isn’t stolen or under finance.

• Get an independent inspection (like a Dekra report) to assess the car’s condition.

🚩 Be Wary of Deals That Seem Too Good to Be True

• If the price is suspiciously low, ask why. The answer might cost more than you think.

🔐 Use a Secure Verification & Payment Channel

• This is where Private-to-Private (P2P) finance can be a game-changer.

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How Auction Finance Makes Private Sales Safer

At Auction Finance, we’ve seen the growing risks in private sales—and we’ve built a finance solution to remove the uncertainty.

Our Private-to-Private finance solution offers:

🔎 Full Vehicle Verification
We physically inspect every car, cross-reference VIN and engine numbers, and run detailed HPI checks to ensure there’s no hidden finance or theft history.

💰 Secure Payment & Logistics
We handle the money—ensuring sellers get paid safely, and buyers only take delivery of verified, legitimate vehicles.

🧾 Dekra Reports & Legal Oversight
A trusted third-party Dekra report provides added confidence, and we manage all paperwork—from registration to handover.

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Why It Matters

When you’re buying from a stranger, you don’t just need a good deal—you need protection. With Auction Finance’s P2P solution, you’re not gambling on trust. You're backed by a process that verifies everything before money changes hands.

No cloned cars. No shady paperwork. No nasty surprises.

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Want Peace of Mind with Your Next Private Car Deal?

📞 Call Lee-Anne Vermeulen on +27 83 277 0187
🌐 Or apply online at www.auctionfinance.co.za

Auth. FSP 34936

Surprise Auction Drop: ABSA Boksburg Easter Sale-a-bration!

24–25 April 2025 | ABSA Vehicle Online Auction | Hosted by Tirhani Auctions

Just when we thought ABSA’s April vehicle auctions were done and dusted... 💥 Surprise! Tirhani Auctions is bringing a bonus round with their Easter Sale-a-bration — an exclusive, last-minute ABSA bank vehicle auction happening this April in Boksburg.

Whether you’re buying your first car or upgrading to something more practical, this is your shot at real value.

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📍 Auction Details

ABSA Bank Vehicle Auction – Boksburg
📍 Absa Trade Centre, 8 Top Road, Boksburg
🗓️ 24 – 25 April 2025
🖥️ Register & Bid Online: www.tirhani.co.za

Expect bank-sourced vehicles across multiple categories—cars, bakkies, SUVs—all priced to move. If you're tired of inflated dealer markups, this is your chance. Auction prices often average below trade, giving buyers serious bang for their buck.

Even better? 👉 No buyer’s commission will be charged at this auction. (VAT and documentation fees still apply)

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💰 Yes, You Can Finance a Car on Auction!

Think auctions are only for cash buyers? Not anymore. Auction Finance makes it possible to secure pre-approved bank finance before auction day—so you can shop smart and confidently.

And here’s a bonus just for Auction Finance clients:
👉 No R7,000 registration deposit required when you’re pre-approved!

🔑 Ready to get started?
Contact Lizette Muller today:
📞 +27 72 105 8379
🌐 www.auctionfinance.co.za
Auth. FSP34936

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🗓️ Viewing & Auction Info

• Viewing Days:
  Thursday 24 April: 08h00 – 16h00
  Friday 25 April: 08h00 – 12h00

• Auction Opens:
  Thursday 24 April at 11h00

• Auction Closes:
  Friday 25 April from 14h00
  (1 lot per minute with 1-min auto-extend)

• Payments Due: Tuesday 29 April 2025

• Dispatch Dates: 29 April – 2 May (08h00 – 16h00)

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If you’re looking to buy a car below trade, skip the middleman, and still get finance—this is your moment.

Register now. Apply for finance today.
This Easter, the best car deal might just be hiding at a bank auction.

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Auction Finance – Your Finance Partner at Auction.
🚀 Fast. Easy. Trusted.

MFC Vehicle Auction Brings Over 150 Bank Cars to the Block in Gauteng

Motorists on the hunt for well-priced, late-model vehicles will have their pick of more than 150 options at next week’s MFC Bank Vehicle Auction, taking place on Wednesday, 16 April 2025, in Kempton Park, Gauteng.

Hosted by MFC, a division of Nedbank, the auction will be held at M57 Pretoria Road, Glen Marais — with public viewing scheduled for the day before (Tuesday) between 08:00 and 16:00.

Buyers can expect a diverse catalogue that includes sedans, bakkies, hatchbacks, and SUVs, many of which are 2022 and newer. Several standout lots have under 10,000km on the clock — including a 2024 Toyota Corolla Cross 1.8 Xi, 2024 Hyundai i20 Premium Auto, and 2024 Nissan NP200 Safety Pack, all with mileage below 6,000km. A few luxury and commercial models will also be on offer, such as a 2022 Lexus ES 250 EX, 2023 Haval H6 GT 4x4, and 2023 Isuzu D-Max 1.9 DDI Auto.

The full catalogue is available at www.mfcauctions.co.za, with details on each lot, including mileage and service history where available.

As a bank-run event, the vehicles come from repossessions and voluntary returns. While all sales are conducted “as is,” many units include Dekra condition reports and can be viewed in person the day before the auction.

For those needing finance, pre-approved clients can register without paying a deposit — a change from the typical registration process that often requires a refundable fee. Finance support is available through registered provider, Auction Finance (contact: Carin Visser, +27 82 654 7232), who assist buyers in arranging finance before the sale.

The auction itself follows a fast-paced bidding format, and while newcomers are welcome, organisers recommend familiarising yourself with the process ahead of time. Guidelines for registering, bidding, and understanding fees are clearly outlined on the auction website.

With showroom prices still rising and stock shortages affecting new car dealerships, bank auctions like MFC’s continue to attract interest from private buyers and resellers alike — many of whom see them as one of the last opportunities to secure vehicles below retail pricing in the current market.

2020 McLaren 720S Coupe: A Supercar Steals the Spotlight at ABSA Repossessed Vehicle Auction

If you're in the market for something truly extraordinary, this month’s ABSA Repossessed Vehicle Auction is delivering an unmissable opportunity: a 2020 McLaren 720S Coupe with just 2,308km on the clock. It's not just a car – it's a collector's dream, a motoring marvel, and a rare gem on the local auction circuit.

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The McLaren 720S Coupe: Power Meets Precision

The McLaren 720S is shaped by the forces of nature and engineered for extreme performance.
With its twin-turbocharged V8 engine, lightweight carbon-fibre construction, and futuristic design, it delivers a driving experience that is as exhilarating as it is refined.

This 2020 model is in immaculate condition and has been described as an #AuctioneersChoice and an #AbsoluteShowstopper.

📍 Bidding is expected to start at around R4 million, and with interest open to both local and international buyers, this vehicle could very well steal the show.

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Viewing Information

Viewing is highly encouraged and can be done on:

• 📅 Friday, 11 April (08:00 - 16:00)

• 📅 Monday, 14 April (08:00 - 16:00)

Viewing Venues:

• 📍 8 Top Road, Boksburg

• 📍 4 Van Dyk Road, Benoni

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📅 Auction Details

ABSA Boksburg Repossessed Vehicles Online Auction

• Bidding Opens: Monday, 14 April at 11:00

• Bidding Closes: Tuesday, 15 April from 11:00

• Register & Bid Online: https://bit.ly/4l4OUrl

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📝 Registration Requirements

To participate in the auction, bidders must submit:

• ✅ Copy of ID

• ✅ Proof of residence

• ✅ Proof of payment – R7 000 refundable deposit

• ✅ Completed Bidder Participation Form

📧 Send all documents to: auction@tirhani.co.za

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Auction Finance – Get Pre-Approved!

Dream cars need smart finance. Whether you're bidding on the McLaren or something more modest, Auction Finance offers fast, secure pre-approvals tailored for auctions.

📞 Contact: Lizette Muller – 072 105 8379
📧 lizette@auctionfinance.co.za
🌐 www.auctionfinance.co.za | Auth. FSP34936

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💼 About Tirhani Auctioneers: Trusted. Transparent. Trailblazing.

If you're new to the auction scene, Tirhani Auctioneers is a name worth knowing.
Founded in 2001, they’ve built a solid reputation as one of South Africa’s most respected auctioneers.

What sets them apart?
They're not just one of our preferred partners – they're 100% black-owned, passionate about transparency, and committed to a seamless experience for both seasoned buyers and first-timers.

🚗 From premium cars to fleet and commercial vehicles, their auctions offer something for everyone.
🌐 Explore upcoming events at www.tirhani.co.za

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📲 Stay in the Loop – Join Our Auction Alerts WhatsApp Group

Want insider access to South Africa's best bank, fleet, and commercial vehicle auctions?
Stay ahead of the pack with our Auction Alerts WhatsApp Group – weekly updates, zero spam.

👉 Click to Join

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Whether you’re a seasoned investor, a collector with taste, or a first-time buyer, this auction is packed with potential. And if you’re hunting for rare finds, the McLaren 720S is the unicorn you've been waiting for.

Connecting Buyers and Sellers with Secure Finance for Private Sales

In the world of private vehicle sales, Auction Finance offers a secure and seamless solution for both buyers and sellers with our Private-to-Private (P2P) finance offering. We understand that buying and selling privately can be a daunting process, especially when it comes to financing. That’s why we’ve created a trusted, straightforward solution that ensures peace of mind for everyone involved.

A Facilitated Sale

Our P2P finance solution helps facilitate a smooth transaction between private buyers and sellers. We guide both parties through every step, ensuring the transaction complies with the necessary regulations, and we only work with verified, legitimate assets. We offer a streamlined process that guarantees both parties are protected, from verifying the asset to ensuring the buyer’s financing is secure.

Vehicle Peace-of-Mind

We take vehicle legitimacy seriously. Each asset is physically inspected by one of our experienced asset inspectors. We check everything from the general condition of the vehicle to verifying the mileage and ensuring the engine and VIN numbers match the documentation. Through a thorough HPI check, we make sure the vehicle is not stolen and has no existing finance tied to it. The inclusion of a Dekra report further reassures both parties, providing confidence that the asset is in good condition.

A Smoother Hand-Over

With Auction Finance’s P2P finance solution, we take care of the logistics, ensuring everything from documentation to payment settlement is handled professionally and efficiently. We facilitate the payment to the seller or the relevant bank (in cases where the asset is financed), handle the registration process, and confirm that everything is in order before handing the asset over to the buyer.

We’ve been a trusted partner in the vehicle finance industry for over 22 years, with strong partnerships with all major banks, ensuring that both the buyer and seller experience a hassle-free, transparent process.

Ready to facilitate your P2P sale with confidence? Apply online now at www.auctionfinance.co.za or contact Lee-Anne Vermeulen  on +27832770187 for more information.

Auth. FSP34936

Simplifying Private-to-Private Sales: A Hassle-Free Way to Secure Finance

Selling your vehicle privately can be a rewarding experience, but sometimes, buyers need assistance securing finance to make that transaction happen. That’s where Auction Finance comes in to make things simpler, safer, and more secure for both sellers and buyers in the private market. With over 22 years of expertise and trusted partnerships with all the major banks, we ensure that the entire process runs smoothly, from asset inspection to final handover.

A Facilitated Sale – Connecting Sellers and Buyers

At Auction Finance, we make private-to-private (P2P) vehicle sales easier for both parties by ensuring everything is handled professionally and transparently. With our facilitated process, sellers no longer need to worry about the complexities of arranging financing for their buyers.

We act as the bridge between the buyer and the bank, ensuring that the buyer is properly verified and the vehicle is thoroughly inspected. This ensures that both parties are protected throughout the transaction, creating a smoother, faster sale.

Vehicle Peace-of-Mind – Trust and Security

For buyers, trust is key. That’s why we’ve designed a comprehensive process to ensure every asset is legitimate and free from risk. Here’s how we ensure the vehicle’s legitimacy:

• Physical Inspection: Our experts inspect the vehicle for condition, mileage, accident damage, and make sure the engine and VIN numbers match the NATIS document.

• NATIS & HPI Checks: We verify ownership, title, and history to ensure the vehicle has no outstanding finance or stolen status.

• Dekra Reports: A Dekra report is a compulsory requirement to give buyers further peace of mind about the vehicle's condition.

These rigorous checks are crucial for ensuring that the vehicle is in excellent condition and legally clear, so the buyer can purchase with confidence.

A Smoother Hand-Over – Efficient and Transparent

When it comes to the handover, our process ensures everything runs smoothly for both parties. Once finance is approved and the sale is concluded, we settle any outstanding amounts with the seller or their bank. We then take care of the registration process, ensuring the buyer receives their vehicle promptly after payment is completed.

Here’s how we do it:

1. Seller Documentation: Sellers provide essential documents like proof of ownership, proof of payment for unencumbered vehicles, and identity verification to ensure the transaction is legitimate.

2. Buyer Documentation: Buyers complete an application with necessary supporting documents, an inspection report, and written consent to proceed with the finance process.

3. The Finance Process: Our team takes care of everything according to legislation and bank rules, settling the transaction, and completing the vehicle registration.

Why Choose Auction Finance?

• 22 Years of Expertise: We've been facilitating smooth and safe transactions for over two decades.

• Trusted Partnerships: We work with all the major banks to secure pre-approved finance for buyers.

• Comprehensive Protection: We ensure every asset is inspected, verified, and free of risk for both the buyer and the seller.

• A Seamless Experience: From start to finish, we make the transaction process simple and efficient.

Ready to Facilitate Your Private-to-Private Sale?

If you're selling a vehicle privately or looking to buy a vehicle with finance, Auction Finance is here to help make the process smooth, secure, and worry-free. Get in touch today and let us take care of the paperwork, verification, and finance, so you can focus on what matters.

👉 Click here to get started or contact Shaun Goneso directly on +27 633550948 for more details.

Your trusted partner in Private-to-Private transactions.
Auth. FSP34936