💥 Bid Smart, Pay Smarter: How to Buy at the ABSA Repossessed Vehicle Auction with Finance

If you've ever scrolled past a bank repossessed vehicle auction thinking “that’s not for me” — think again. You could be one bid away from driving off in a great car, without emptying your bank account.

From clean, low-mileage sedans to bakkies and hatchbacks, the upcoming ABSA Repossessed Vehicle Auction in Boksburg (hosted by Tirhani Auctioneers) has something for nearly every budget.

Better yet — you don’t need to be sitting on cash to take part. With pre-approved finance from Auction Finance, you can skip the upfront deposit and bid like a boss.

Let’s walk you through how it all works.

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🔎 What’s on Auction?

This is a timed online auction of ABSA’s repossessed vehicles, running from:

🕘 Opens: Monday, 19 May 2025 at 11:00
🕚 Closes: Tuesday, 20 May 2025 from 11:00 (2 lots per minute, with auto-extend)

Expect a wide range of clean, bank-owned stock including:

• Passenger vehicles

• SUVs

• Light commercial bakkies

• Sedans and hatchbacks in good condition

📍 View the full catalogue here: Click to View Auction Listings

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🛠️ When & Where Can You View?

Physical viewing is highly recommended, and it’s happening at three nearby sites:

📍 Main Sites:

• 8 Top Road, Boksburg (Absa Trade Centre)

• 13 Top Road, Boksburg

• 4 Van Dyk Road, Benoni (Tirhani HQ)

🗓️ Viewing Days:

• Monday, 19 May 2025 | 08h00 – 16h00

• Tuesday, 20 May 2025 | 08h00 – 10h00
  (🚫 No viewing on Friday)

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💸 Skip the R7,000 Deposit with Pre-Approved Finance

To bid on this auction, Tirhani typically requires a refundable R7,000 registration deposit.

✅ But here’s the good news:
If you apply and get pre-approved for finance through Auction Finance, you can register to bid without paying this deposit!

That means more flexibility, less risk, and a much easier path into your next vehicle.

📞 Contact Lizette Muller: +27 72 105 8379
🌐 Apply Now for Pre-Approved Finance
Auction Finance | Auth. FSP 34936

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🧾 What Else You Should Know:

• No buyer’s commission (a big win!)

• Admin fee: R2,500 (incl. VAT) per lot

• 15% VAT applies to the highest bid

• Payment Due: COB, Wednesday 21 May 2025

• Vehicle Collection: Between 21–23 May, 08h00–16h00

📍 No dispatch on weekends or public holidays

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💡 How to Bid (Step-by-Step)

1. Register on Tirhani's Bidding Platform
   ➡️ Register & Bid Online

2. Upload Your FICA Docs

   • ID, proof of address, etc. (FICA required by both Tirhani and Absa)

3. Sign the Auction Rules (Non-negotiable)

4. Apply for Auction Finance if you want to skip the R7,000 deposit
   ➡️ Apply Now

5. Bid online during the auction window

6. If you win, pay balance & admin fee by Wednesday COB

7. Collect your vehicle between 21–23 May

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🚗 Why This Auction is Worth Your Time

This isn’t just about getting a car — it’s about smart buying.
ABSA repossessed vehicles are:

• Well-documented

• Often lower-mileage

• Priced to move

• Auctioned by a credible partner (Tirhani)

And with Auction Finance on your side, you don’t need upfront capital to get in the game. Whether you’re buying for personal use or flipping as a side hustle — this is your chance to grab value.

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📞 Ready to Get Started?

✅ Speak to Lizette Muller at Auction Finance
📞 +27 72 105 8379
🌐 www.auctionfinance.co.za
💼 Authorised FSP 34936