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.