A Changing Vehicle Market Is Creating New Buying Opportunities

 A recent TopAuto article highlighted a significant shift in South Africa's vehicle market. According to research referenced by the Automobile Association (AA), more than 90% of South African motorists are keeping their vehicles for longer, as the cost of replacing them continues to rise.

The article also points out that vehicles on South African roads are getting older, placing even greater importance on regular maintenance, preventative servicing and careful ownership to maximise reliability and longevity.

Fortunately, today's buyers have more options than ever before.

Looking beyond the traditional dealership

While many motorists automatically begin their search at a dealership, an increasing number of savvy buyers are discovering the value available through Bank, Fleet and Commercial Vehicle Auctions.

These auctions offer access to an extensive range of vehicles from banks, finance houses, fleet operators, rental companies, government departments and corporate fleets. From hatchbacks and family SUVs to bakkies, commercial trucks, plant and machinery, auctions provide buyers with access to thousands of vehicles entering the market every month.

One of the biggest advantages is value.

Many auction vehicles sell well below traditional retail pricing, allowing buyers to stretch their budgets further or step into a newer, higher-specification vehicle than they may have initially considered.

More choice. More opportunities.

South Africa's auction market is incredibly diverse. Every week, auctions take place across the country featuring:

• Passenger vehicles
• SUVs and bakkies
• Commercial trucks
• Fleet replacement vehicles
• Repossessed vehicles
• Construction and agricultural equipment
• Plant and machinery

Whether you're buying your first car, upgrading your family vehicle or expanding your business fleet, auctions present opportunities that many buyers simply don't realise exist.

One place to find them all

Knowing where and when these auctions are taking place can be the biggest challenge.

That's why Auction Finance brings together one of South Africa's most comprehensive listings of upcoming Bank, Fleet and Commercial Vehicle Auctions in one convenient location.

Browse upcoming auction events nationwide, discover new buying opportunities, and take the first step towards finding your next vehicle.

View upcoming auctions today:
https://auctionfinance.co.za/auction-events/

Smarter buying starts with knowing where the opportunities are.

Second Chances, First-Class Cars: The Unexpected Joy of Buying at Auction

ABSA’s Upcoming Gqeberha Auction Might Just Change the Way You Think About Buying a Vehicle

By Auction Finance Insider

In a world where dealerships push balloon payments and private sellers disappear with your deposit, there’s something surprisingly refreshing , even thrilling about buying a car at auction.

And not just any auction.

This Thursday, 17 July, ABSA Bank is hosting a genuine bank repossessed vehicle auction in Gqeberha (PE), offering a line-up that would make even the savviest car buyer raise an eyebrow. Over 150 vehicles — from late-model hatchbacks to nearly-new bakkies, will be available online, live via webcast, and it’s the kind of event that rewards those who know how to spot value where others only see risk.

But is buying at auction risky? Or is it just misunderstood?

What the Dealerships Don’t Want You to Know

The vehicles going under the hammer aren’t lemons or leftovers. They’re repossessed, yes — but often for reasons that have nothing to do with mechanical faults. In fact, a quick glance at the catalogue reveals some eye-watering gems:

• 2022 VW Polo TSI Life – just 6,122km

• 2023 Renault Kiger – under 33,000km

• 2024 VW Polo Vivo – only 11,242km (barely out of its plastic!)

• 2022 Ford Ranger Wildtrak Bi-Turbo – prime bakkie, low mileage

• Peugeot, Nissan, Kia, Toyota, Isuzu — all 2020+ models, many with mileage under 50,000km

Forget the cliché of auctions being the last resort for desperate buyers. This is a smart buyer’s playground — especially for those who come prepared.

The Secret Weapon: Pre-Approved Auction Finance

Let’s be honest: cash buyers are rare these days. And waiting for a bank to process your loan after the hammer drops? That’s a guaranteed way to lose your bid.

That’s why pre-approved finance has become the new norm for serious auction-goers. 

The Human Side of the Hammer

There’s something strangely beautiful about watching a vehicle roll across a digital auction block. It’s not just a transaction; it’s a second chance. For the car. For the buyer. And sometimes, for the seller too.

In Gqeberha, that story plays out not just in front of a screen, but at 142 Burman Road, Deal Party — where you can view the vehicles in person on Tuesday 15 and Wednesday 16 July, from 09:00 to 15:00.

Come prepared. Come curious. And come knowing that ABSA’s auction platform is one of the most trusted in the game.

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Ready to Take the Driver’s Seat?

Secure pre-approved finance and take control of the bidding before it even begins.

📞 Contact Nicol Palmer (F&I Manager) on 061 521 7518
📧 Email: nicol@auctionfinance.co.za
🌐 Or apply online at www.auctionfinance.co.za
Auth. FSP34936

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Auction starts: Thursday, 17 July at 10:00 via Webcast
Register before: 09:00 Thursday
Auction link: Park Village Auctions

PRE-LIMINARY LIST:

2020 Audi A3 1.4T FSI S - 157,344km

2015 Audi A5 Sportback 2.0 TDI Multi - 183,617km

2013 Audi A3 1.4T FSI S - 242,130km

 

2020 BMW 118i Sportline AT F40 - 77,907km

2016 BMW X5 XDrive30D M-Sport AT F15 - 227,392km

2017 BMW 318i AT F30 - 102,528km

 

2016 Chevrolet Captiva 2.4 LT AT - 186,028km

2008 Chevrolet Captiva 2.4 LT - 254,823km

2015 Chevrolet Utility 1.4 AC PU - 1km

 

2021 Ford Ranger 2.2TDCI XL PU DC - 161,742km

2020 Ford Ranger 2.0D Bi-Turbo Wildtrak AT PU DC - 39,384km

2019 Ford Ranger 3.2TDCI Wildtrak AT PU DC - 126,927km

2022 Ford Ranger 2.0D Bi-Turbo Stormtrak 4x4 AT PU DC - 107,317km

2015 Ford Ranger 2.2TDCI XL PU SC - 205,338km

2013 Ford Ranger 3.2TDCI XLS PU Supcab - 229,108km

2018 Ford Ranger 2.2TDCI LR PU SC - 274,492km

2019 Ford Everest 3.2 TDCI XLT 4x4 AT - 66,250km

2021 Ford Figo 1.5TI VCT Ambiente 5DR - 47,905km

2019 Ford Figo 1.5TI VCT Ambiente - 270,135km

2022 Ford Ecosport 1.5TIVCT Ambiente - 59,655km

2021 Ford Ecosport 1.5TIVCT Ambiente - 40,060km

 

2018 Hyundai I20 1.2 Motion - 96,677km

2020 Hyundai Grand I10 1.0 Fluid - 72,344km

2019 Hyundai Atos 1.1 Motion - 33,590km

2016 Hyundai Grand I10 1.25 Fluid - 139,483km

2019 Hyundai Grand I10 1.0 Motion - 111,651km

2011 Hyundai I20 1.6 - 1km

2013 Hyundai Elantra 1.8 GLS Executive - 1km

 

2020 Isuzu D-Max 250 HO Hi-Ride 4x4 DC PU - 179,316km

2020 Isuzu D-Max 250 HO Fleetside Safety SC PU - 156,849km

2019 Isuzu D-Max 250C Fleetside SC PU - 218,138km

2022 Isuzu D-Max 3.0 DDI LSE AT DC PU - 41,367km

2022 Isuzu D-Max 250 HO Fleetside SC PU - 134,934km

2016 Isuzu KB300 D-TEQ LX 4x4 PU SC - 245,887km

2014 Isuzu KB 250D Leed PU SC - 0km

2013 Isuzu KB250D LWB PU SC - 216,277km

 

2020 Kia Seltos 1.5D EX AT - 119,640km

2022 Kia Rio 1.2 LS 5DR - 58,548km

2022 Kia Seltos 1.4T DCT GT-Line - 37,444km

 

2021 Mazda CX-3 2.0 Active AT - 187,545km

2021 Mazda CX-3 2.0 Active AT - 84,505km

 

2019 Mahindra Pik Up 2.2 Mhawk S4 PU SC - 49,461km

2021 Mahindra KUV 100 1.2 K2 Dare - 26,509km

 

2016 Nissan Navara 2.5DDTI SE DC PU - 69,722km

2020 Nissan Navara 2.3D LE AT DC PU - 132,326km

2021 Nissan NP200 1.5 DCI AC Safety Pack PU SC - 155,884km

2016 Nissan Qashqai 1.2T Acenta CVT Tech - 154,500km

2014 Nissan Qashqai 1.2T Visia - 169,973km

 

2023 Renault Kiger 1.0T Intens - 33,167km

2020 Renault Clio IV 900T Authentique 5DR 66KW - 103,864km

2019 Renault Captur 900T Dynamique 5DR 66KW - 130,046km

2022 Renault Triber 1.0 Dynamique Zen - 61,320km

2023 Renault Triber 1.0 Dynamique Zen - 120,264km

2022 Renault Kwid 1.0 Expression Life 5DR - 67,270km

2019 Renault Kwid 1.0 Climber 5DR - 105,482km

2021 Renault Kwid 1.0 Dynamique Zen 5DR AMT - 22,282km

 

2021 Volkswagen Polo Vivo 1.4 Trendline 5DR - 175,924km

2022 Volkswagen Polo Vivo 1.4 Comfortline 5DR - 31,566km

2021 Volkswagen Polo 1.0 TSI Trendline - 111,652km

2022 Volkswagen Polo 1.0 TSI Life - 6,122km

2020 Volkswagen Polo Vivo 1.4 Comfortline 5DR - 120,746km

2018 Volkswagen Polo Vivo 1.6 Highline 5DR - 96,885km

2017 Volkswagen Polo Vivo GP 1.4 Conceptline 5DR - 215,956km

2016 Volkswagen Polo Vivo GP 1.4 Trendline 5DR - 273,026km

2015 Volkswagen Polo GP 1.2 TSI Trendline 66KW - 102,442km

2015 Volkswagen Polo GP 1.2 TSI Comfortline 66KW - 266,866km

2014 Volkswagen Polo Vivo 1.4 Trendline 5DR - 223,739km

2012 Volkswagen Polo Vivo 1.6 Trendline 5DR - 226,719km

2011 Volkswagen Polo 1.2 TDI Bluemotion 5DR - 175,747km

2021 Volkswagen Amarok 3.0TDI H-Line 190KW 4MOT AT DC PU - 98,991km

 

2019 Volvo XC40 T3 Momentum - 181,601km

2014 Volvo FMX 4 440 6x4 Sleep Hred TT CC - 1,024,042km

Let’s Ride: Why the Bloemfontein Vehicle Auction Should Be on Your Radar This Week

By Auction Finance Insider

For most South Africans shopping for a car, auctions are still uncharted territory. But ask anyone who's been to an Aucor Bloemfontein vehicle sale and they'll tell you: it’s one of the best-kept secrets in the car-buying world. Whether you're after a bargain, hunting for something special, or just want more value for your money—this auction might just surprise you.

What’s Under the Hammer?

This Thursday, 05 June at 10:30, Aucor Bloemfontein is hosting a Multi-Bank Vehicle Auction, with vehicles from both MFC and Standard Bank hitting the block.

We spoke with auction manager Jaques van der Linde, who gave us a sneak peek into what buyers can expect—and it’s anything but boring. “This auction is dominated by super SUVs and small hatchbacks,” he says. “We're talking about 2024 VW Tiguans, T-Crosses, Polos, and Ford Territories, all with crazy low mileage.”

And it's not just new-gen stock. For those looking at the sweet spot of value and affordability, there’s plenty of 2-4 year-old Kia Seltos and Hyundai Venues, all with under 80,000km. The variety is rich too: older Polos, Nissan workhorses, and even a few surprises—like an eye-catching spread of BMWs, ranging from a slick 118i to a classic 335i.

How Much Should You Expect to Spend?

Prices vary—but deals are real.

While the brand-new SUVs may be tough to predict (this is Bloem’s first-ever Tiguan R-Line and Territory EcoBoost going under the hammer), Jaques says the bulk of auction prices traditionally sit between R70,000 and R180,000. The full spread can range from as low as R30,000 to over R500,000, depending on the make and condition.

So whether you’re shopping for a student runaround, upgrading your family wheels, or scouting a second car, there’s a lane for every budget.

First-Time Auction Buyer? Read This.

Jaques says Bloem auctions attract a steady stream of first-time buyers, many drawn in by the opportunity to get more car for less money. But don’t go in blind. His advice?

“Only bid on a vehicle that you’ve inspected. And I’ll say it again—only bid on a vehicle you’ve inspected!”

Take advantage of the viewing days on Tuesday, 03 June and Wednesday, 04 June (from 08:00 to 17:00 at 1 Kruger Avenue, Estoire). Know your budget, ask about VAT and buyer’s commission, and chat to Celeste from Auction Finance for help on pre-approvals or understanding total costs.

What Makes Bloem Stand Out?

Beyond the great cars, the Bloemfontein auction has built a reputation for its welcoming vibe and efficient layout. “Lekker people. Friendly. Helpful,” Jaques sums it up. “We have credible stock, low foot traffic compared to the big metros, and yes—you get a free cappuccino while you browse.”

Sometimes, the little things really do count.

Webcast Bidding: Convenient, But Be Prepared

Can’t make it in person? Pre-live online bidding opens Wednesday, 4 June at 14:00, and live webcast bidding follows on auction day.

If you’re bidding remotely, Jaques urges buyers to register early, get FICA documents in order, and double-check your internet setup.

“Bandwidth, speed, software—none of that’s under our control,” he says. “If you’re worried, use the Max Bid function so you don’t miss out.”

The Power of Pre-Approved Finance

Here's what many auction-goers still don’t realise: you don’t need to show up with a bag of cash. With Auction Finance, pre-approved bank finance is a simple, stress-free process.

“Celeste and her team don’t just crunch numbers,” Jaques says. “They explain the auction process, help you understand what you can afford, and make sure you’re bidding with confidence. That means fewer post-auction cancellations and happier buyers driving off in a great deal.”

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Final Word: This Is Your Sign

If you’ve never considered buying a car at auction, now’s the time to change that. With high-quality, bank-approved stock, flexible finance options, and a welcoming environment, Aucor Bloemfontein delivers real value—and maybe even your next vehicle.

🔗 Register & Bid: Click here
📍 Auction Venue: 1 Kruger Avenue, Estoire, Bloemfontein
📆 Auction Date: Thursday, 05 June at 10:30
📲 Download the AucorLive App: onelink.to/aucorlive
👀 Viewing Days: Tuesday & Wednesday (3–4 June) from 08:00–17:00
📞 More Info: Call Jaques on 083 797 9945

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💬 Want to stay in the loop with weekly bank, fleet, and commercial vehicle auctions across SA?
Join our WhatsApp group here 👉 https://chat.whatsapp.com/BlsCEjaBirpA8q100ylw9s

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.

Here’s the full blog reposted for your convenience: Your Ticket to Big Savings: ABSA Bank Vehicle Auction

Looking for an affordable way to buy your next car? If you’re in the Eastern Cape or Free State, we’ve got exciting news for you! The upcoming ABSA Bank Vehicle Auction offers a fantastic opportunity to snag a reliable used car without paying full retail prices. Whether you’re a seasoned buyer or new to the auction scene, this is your chance to save big. Let’s dive into the details.

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Auction Highlights

• Dates & Times:
  • Thursday, 16th January 2025, starting at 10:00.
• Locations:
  • ABSA Vehicle and Asset Finance Trade Centre, 142 Burman Road, Deal Party, Gqeberha (PE), Eastern Cape.
  • Park Village Auctions Bank Asset Disposal Centre, c/o R64 & Valencia Road, Waterbron, Bloemfontein.
• Viewing: Wednesday, 15th January 2025, from 09:00 to 15:00.
• Auction Type: Webcast only—bid live online from anywhere!
• Registration Deposit: R7,000-00 (fully refundable).
• Catalogue:
  • Printable Catalogue
  • Online Catalogue with Pics

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Why Consider an Auction?

1. Save Big: Auctions often feature vehicles priced well below dealership rates.
2. Variety for Everyone: From late-model vehicles with low mileage to older, budget-friendly cars, there’s something for everyone.
3. Genuine Bank Vehicles: These vehicles come directly from ABSA’s asset recovery program, ensuring quality and transparency.

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Need Finance? We’ve Got You Covered!

Worried about financing your dream car? Auction Finance offers pre-approved loans, so you can bid with confidence knowing your finances are sorted.

• For Gqeberha Buyers: Contact Nicol Palmer at +27 61 521 7518 or visit Auction Finance.
• For Bloemfontein Buyers: Contact Celeste Steenberg at +27 82 374 5078 or visit Auction Finance.

Our quick and easy pre-approval process means you can secure your financing today! Auth. FSP34936

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How to Join the Auction

1. Register Online: Ensure your registration is complete by 9:00 on Thursday, 16th January 2025.
2. Pay Your Deposit: A refundable deposit of R7,000-00 secures your participation.
3. Bid Online: Join the webcast auction from the comfort of your home.

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Stay in the Loop with Auction Alerts!

Want daily updates on bank, fleet, and commercial vehicle auctions? Join our WhatsApp group and never miss out on a great deal:
👉 Join Now

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Terms and Conditions

For more details on auction rules, visit Park Village Auctions Terms.

Don’t miss this opportunity to drive away with a great deal. See you online at the ABSA Bank Vehicle Auction!

Is Financing Right for You? How to Get Your Dream Car at Tomorrow’s MFC Auction Without Breaking the Bank

Buying a Car at Auction? Financing Might Be Your Best Move

If you're a first-time auction-goer, you might think you need a big stack of cash to secure a car. But the good news? You don’t have to! Auction Finance is here to help you get pre-approved for financing so you can go into the auction with confidence—without having to spend your savings.

And with the MFC Bank Auction happening tomorrow, there’s no better time to learn how financing could help you drive away in your dream car!

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Why Finance at an Auction?

Buying with finance offers some real advantages, especially if this is your first time buying at auction:

1. Keep Cash for Emergencies: Instead of spending all your cash at once, financing lets you keep some for life’s unexpected expenses.
2. Bid with Confidence: With Auction Finance’s fast pre-approval, you can walk into the auction knowing your budget and bid confidently.
3. Avoid Losing Your Deposit: By having finance secured ahead of time, you won’t risk forfeiting your registration deposit if your financing doesn’t come through.

With financing, you can make the most of tomorrow’s MFC Auction and secure a great car without putting all your cash on the line.

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The Auction Finance Advantage

At Auction Finance, we do things a little differently to make the process as smooth as possible for you:

• Quick, Simple Pre-Approvals: You could get pre-approved in as little as 24 hours, sometimes even faster, depending on external factors.
• Best Deals from All Banks: We work with all major banks, so we’ll negotiate the best rate for you.
• Personalised Bidding Support: Once you’re pre-approved, our F&I consultant, Carin, will help you structure your budget and bidding plan so you’re fully prepared for the auction.

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Why Buy at Tomorrow’s MFC Auction?

The MFC Bank Auction is the perfect opportunity for first-time buyers looking for quality vehicles at prices often below market value. Here’s why:

• Great Prices: Many cars at auction sell below typical dealer prices, meaning you can find a fantastic deal.
• Wide Selection: With 150 cars going on the block, you’ll find a variety of makes and models to choose from.
• Condition Reports for Peace of Mind: Every vehicle comes with a Dekra condition report, giving you insight into the car’s condition before you bid.

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Event Details for Tomorrow’s MFC Bank Auction

• Auctioneer: MFC Auction House
• Date: 13 November 2024
• Time: 11:00 AM
• Location: M57 Pretoria Rd, Glen Marais, Kempton Park
• Viewing Day: 12 November, 08:00 AM – 16:00 PM
• Catalogue: MFC Auction Catalogue
• Vehicles on Auction: 150

Take advantage of the viewing day today to get a feel for the cars you’re interested in, then go into tomorrow’s auction with confidence!

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How to Get Pre-Approved with Auction Finance

Getting pre-approved is quick and easy. Here’s what you’ll need:

• For Individuals:

  • South African ID
  • Valid South African driver’s license
  • Last 3 months’ payslips OR most recent payslip and last 3 months’ bank-stamped statements
  • Proof of residential address (not older than 3 months)

• For Company Financing:

  • Company registration documents (CK1 & CK2)
  • Latest 6 months’ company bank-stamped statements (no internet statements)
  • Latest audited financials
  • IDs for all company members
  • Proof of company’s physical address and directors’ residential address
  • BRNC: Business Registration Number Certificate + proxy ID

Once pre-approved, our F&I Manager, Carin Visser, will guide you in setting a bidding budget. This way, you’ll arrive at the auction ready to bid on your dream car!

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Stay Informed with Auction Alerts!

Don’t miss out on future auctions! Join our WhatsApp Auction Alert Group to receive updates on all upcoming bank, fleet, and commercial vehicle auctions across South Africa.

Join here: Auction Alerts WhatsApp Group

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Ready to Finance Your Auction Car? Contact Us Today!

Auction Finance is proud to offer competitive rates and easy pre-approvals, helping you secure the perfect vehicle at your next auction! Whether you’re looking for personal, commercial, or agricultural finance, we’ve got you covered.

Contact us:

• F&I Manager: Carin Visser
• Phone: 082 654 7232
• Email: catharina@auctionfinance.co.za
• Website: www.auctionfinance.co.za – Auth. FSP34936

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Financing your first auction car doesn’t have to be complicated! With Auction Finance’s quick pre-approval process, you can be ready to bid confidently at tomorrow’s MFC Auction. We’re here to help you every step of the way, so apply today and get set to drive home a fantastic deal.

Spend More Time in Your Car Than Your Couch? Let’s Get You an Upgrade!

Let’s be real: a lot of us are clocking more hours in traffic than we’d like to admit. According to TopAuto (check out their article here), many South Africans are averaging close to an hour stuck in traffic every day! That’s practically a part-time job... with zero benefits (unless you count snack crumbs in the cup holder). 🤦‍♂️ So, if your car’s interior is basically where you live now, maybe it’s time to upgrade your ride – you know, for the sake of your sanity and your snack game.

Cue the Bank Auctions – Your New Happy Place!
If you’re going to be driving the equivalent of a mini road trip every week, why not make it epic? Every week, WesBank, MFC, Standard Bank, ABSA, and top brands like Mercedes, BMW, VW, and Toyota hold live and online bank auctions all over South Africa. Imagine rolling through the chaos in a car that makes you feel like you’re the main character in a movie. (And not the kind of movie where the car breaks down halfway through the plot.) 🚙✨

How Do You Get in on This?
First things first – stop waiting for random luck and join our exclusive Auction Alerts WhatsApp Group! Here, you’ll get a direct line to the hottest upcoming auctions, fleet disposals, and repossessed beauties ready for bidding. Tap here to get in on the action 👉 Join Auction Alerts. It’s like getting the keys to a secret car-shopping universe where prices and styles don’t play hard to get.

Ready for a Little Financial Romance?
Found a car you love? Great, we’re here to make it official. Auction Finance offers pre-approved bank finance to get you into that dream car without jumping through hoops. Applying is easier than trying to keep up with a traffic light, and our team will do the heavy lifting – all you need is to say “I do” to your new ride. Head to www.auctionfinance.co.za – Auth. FSP24936 – and we’ll take it from there.

Let’s make your commute something you look forward to – because the only thing worse than rush hour is rush hour in a car you’re tired of. 😉

Why Buying a Used Car at Auction Could Be Your Smartest Move in 2024

If you’ve been thinking about buying a car, there’s good news for those eyeing the used-car market. In the second quarter of 2024, used-car prices in South Africa only saw a slight increase of 0.6%—much lower than the country’s inflation rate of 5.2% for the same period. In comparison, new-car prices jumped by 4.4%, which is steering more buyers towards used vehicles.

With more and more South Africans opting for pre-owned cars, the ratio of financed used cars to new cars has risen to 1.44 in Q2 2024. That means for every new car being financed, there are almost 1.5 used cars getting the green light.

What’s Driving Buyers to the Used-Car Market?

As the cost of living rises, it’s no surprise that South Africans are looking for ways to save without compromising on quality. The used-car market is becoming an increasingly attractive option, and auctions offer a fantastic way to snag a deal. Not only can you find a variety of vehicles—often below dealership prices—but auction cars are usually well-maintained fleet or bank repossessions.

With the rise in used-car financing, it’s clear that more consumers are turning to the pre-owned sector as a way to secure quality vehicles at more affordable prices. Auctions are a great place to find them.

Why Auctions Make Financial Sense Right Now

Buying a car at auction can be a smart, budget-friendly decision, especially with used-car prices still rising slowly. At Auction Finance, we know that affordability matters. That’s why we’re here to help you get the car you want, without stretching your budget. Whether you’re looking for a family sedan, a tough bakkie, or even something a bit sportier, we offer tailored finance solutions to fit your needs.

Plus, you don’t have to worry about complicated processes—our team is ready to guide you through every step of buying and financing your next vehicle at auction. Learn more about how we can help at www.auctionfinance.co.za (FSP34936).

Younger Buyers Are Leading the Auction Charge

What’s interesting is that younger South Africans, especially Generation Z, are starting to enter the car finance market in larger numbers. In Q2 2024, the share of Gen Z buyers financing vehicles jumped from 7.9% to 10.9%. This shows that younger buyers are more open to alternative ways of buying cars, and auctions are proving to be an exciting option for them.

Ready to Bid? Here’s Why Auctions Could Be Your Best Bet

1. Affordability – With prices rising slower in the used-car market, auctions are a smart way to get a quality vehicle at a lower cost.
2. Variety – You’ll find a wide range of vehicles from bank repossessions, fleet sales, and more.
3. Flexible Finance – We’re here to help you secure the financing you need, so you can bid with confidence knowing your finances are covered.

If you’re ready to find your next car at an auction, let Auction Finance make it easier. Get pre-approved and take the first step toward driving your dream vehicle at a price that suits you.

Visit www.auctionfinance.co.za to start your journey today!

Join Our Exclusive WhatsApp Group for Daily Auction Alerts: Get the Best Deals on Bank Repos, Fleet & Commercial Vehicles

If you're in the market for a reliable, affordable vehicle and looking to save big on your next car, Auction Finance has the inside track on how to make that happen—while making the process easier than ever. Whether you're looking for a daily commuter, commercial fleet vehicle, or even agricultural equipment, auctions are a goldmine of opportunity, and we’re here to connect you to the best deals available across South Africa.

At Auction Finance, we don’t just give you access to auctions—we provide free daily updates from reputable auctioneers across the country and offer finance solutions to get you into the driver’s seat.

Why Buy at Auction?

For buyers seeking affordable used vehicles, auctions are the ultimate way to find value. Instead of paying inflated prices at dealerships, vehicle auctions offer bank repossessions, fleet clearances, and commercial sales where prices are driven by competition, not profit margins.

Whether you’re after a sedan, SUV, hatchback, bakkie, or any other make and model, auctions give you access to bank repo cars and fleet vehicles that are well-maintained and offered at below-market prices. Auction Finance works alongside some of South Africa's biggest names in banking and automotive auctions, including MFC, WesBank, Standard Bank, ABSA, and BMW Financial Services. With nationwide coverage, we’ve got you covered in Gauteng, KZN, Western Cape, Eastern Cape, Free State, Polokwane, and Mpumalanga.

Who We Are and What We Offer

Auction Finance partners with SAIA-registered auctioneers who ensure the highest standards of transparency and fairness. Our WhatsApp group, designed to help you stay in the know, provides daily alerts on bank repo, fleet, and commercial vehicle auctions from auctioneers you can trust. When you join, you’ll get updates on:

• MFC Vehicle Auctions
• WesBank Fleet Sales
• Standard Bank Repos
• ABSA Commercial Auctions
• Major fleet disposal auctions from companies like VW, Mercedes Benz Financial Services, and BMW

Expect variety, with everything from luxury sedans to commercial trucks and agri assets on offer. Whether you need a car for personal use or a vehicle for your business, you’ll get the inside scoop—without the spam or endless group chatter. Each alert includes auction details, images, and vehicle specs, and if you need finance, we’re here to help.

Finance Made Easy

Auction Finance is your finance partner, offering pre-approvals for those who qualify. When you see something you like in our auction updates, you can reach out directly for finance options tailored to your budget and needs. We take the hassle out of securing finance, so you can focus on getting your next vehicle. All posts come with a direct finance contact to help you get started right away.

Join Our Exclusive WhatsApp Group

If you're serious about finding a great deal on your next car or commercial vehicle, join our free WhatsApp group for daily auction alerts. We’re talking real auctions, verified by SAIA members and covering all the major banks and financial institutions. Stay ahead of the curve with exclusive alerts on repo cars, fleet vehicles, and commercial assets.

Simply click here to join:
👉 Join the WhatsApp Group

Or WhatsApp "Alerts" to +27 71 233 9245 to be added!

Why You Shouldn’t Miss Out

• Free access to daily bank repo and fleet auctions.
• Wide variety of cars, commercial vehicles, and agricultural equipment.
• Finance options available with Auction Finance – pre-approval offered for qualified buyers.
• No spam, no endless chat, just curated auction alerts.
• Updates from all major banks and auction houses, including MFC, WesBank, Standard Bank, ABSA, VW, BMW, and Mercedes Benz Financial Services.

Don’t miss out on great deals happening across South Africa—from Gauteng to KZN, Western Cape to Mpumalanga. Join our growing community and find your next vehicle at auction today!

👉 Join now
Or WhatsApp "Alerts" to +27 71 233 9245.

Auction Finance—helping you find the best deals and finance at trusted, reputable auctions across the country.

Why Buying on Auction is Becoming More Popular: A Look at Market Trends and Opportunities

As more South Africans face financial constraints, there has been a noticeable shift in consumer behavior when it comes to vehicle ownership. One significant trend, highlighted in a recent TopAuto article by Albert du Toit,  “What the average South African pays for a new car right now – And what you can buy with it,” indicates that South Africans are downsizing their garages and opting for a single, multipurpose vehicle instead of maintaining two cars. This move is largely driven by rising vehicle prices and diminishing disposable incomes. The average price of a new car in South Africa now sits at R391,000, an increase from R387,000 a year ago.

This trend is not just about financial limitations but also about maximizing value. Many households are trading in multiple vehicles for a single crossover, SUV, or bakkie that offers more versatility. Ride-hailing services like Bolt and Uber have also made it easier for families to manage with fewer cars, while the cost of maintaining multiple vehicles continues to rise.

Why Buying on Auction Makes Sense

As car prices climb, more consumers are turning to auctions to get the most bang for their buck. At auctions, you can find late-model vehicles with low mileage, many still under service plans. The prices at auctions are often lower than retail, with cars fetching around 75% of their book trade value. This represents significant savings, especially for buyers who are unaware of the quality of vehicles available at these events.

For instance, reputable auctioneers like MFC Bank even provide DEKRA condition reports, ensuring buyers know exactly what they’re purchasing. Auction Finance is also available, making it easier than ever for buyers to secure the right financing for their new purchase. Despite common misconceptions, purchasing a vehicle through auction doesn’t mean sacrificing quality – it’s a smart financial move for those looking for great deals on vehicles.

What the Market is Paying for New Cars

To put things into perspective, here are some examples of starting prices for new vehicles in the traditional retail market, as highlighted in the TopAuto article:

• Fiat 500C 1.2 Style – Starting price: R379,900 (Power: 51kW/102Nm, Fuel consumption: 4.8l/100km)
• Honda Fit 1.5 Comfort – Starting price: R380,500 (Power: 89kW/145Nm, Fuel consumption: 5.5l/100km)
• Nissan Navara 2.5 Single Cab XE – Starting price: R381,000 (Power: 118kW/233Nm)
• Toyota Urban Cruiser 1.5 XR Auto – Starting price: R382,900 (Power: 77kW/138Nm, Fuel consumption: 6.1l/100km)
• Mitsubishi Xpander 1.5 Auto – Starting price: R385,995 (Power: 77kW/141Nm, Fuel consumption: 7.0l/100km)
• Chery Tiggo 4 Pro 1.5T Elite Auto – Starting price: R386,900 (Power: 108kW/210Nm, Fuel consumption: 6.8l/100km)
• Mahindra XUV300 1.5TD W8 – Starting price: R386,999 (Power: 86kW/300Nm, Fuel consumption: 4.8l/100km)
• GWM Steed 5 2.0VGT Double Cab SX – Starting price: R390,150 (Power: 110kW/320Nm, Fuel consumption: 7.6l/100km)
• Haval Jolion Pro 1.5T Premium – Starting price: R391,150 (Power: 105kW/210Nm, Fuel consumption: 8.1l/100km)
• Kia Sonet 1.5 LX Auto – Starting price: R391,995 (Power: 85kW/144Nm, Fuel consumption: 6.2l/100km)
• Opel Corsa 1.2T Edition – Starting price: R394,900 (Power: 74kW/205Nm, Fuel consumption: 5.7l/100km)
• Renault Duster 1.5dCi Zen – Starting price: R397,999 (Power: 66kW/210Nm, Fuel consumption: 5.1l/100km)
• Dayun Yuehu S5 Standard – Starting price: R399,900 (Power: 35kW/105Nm, Fuel consumption: Electric)
• Foton Tunland G7 2.0TD Double Cab TL – Starting price: R399,900 (Power: 120kW/390Nm, Fuel consumption: 7.4l/100km)
• JAC T8 2.0CTI Double Cab Lux – Starting price: R399,900 (Power: 104kW/320Nm, Fuel consumption: 7.8l/100km)
• Suzuki Jimny 1.5 GL AllGrip 3-door – Starting price: R399,900 (Power: 75kW/130Nm, Fuel consumption: 6.3l/100km)
• VW Polo Hatch 1.0TSI 70kW Life – Starting price: R401,400 (Power: 75kW/175Nm, Fuel consumption: 5.4l/100km)

Auction Advantage

By purchasing on auction, buyers can expect significant savings compared to these retail starting prices. Auctions offer not only affordability but also the opportunity to secure high-quality vehicles that can compete with these new models in terms of reliability and performance, often at a fraction of the cost.

Join the Trend—Get Started with Auction Finance

If you're looking for affordable ways to buy your next vehicle, consider exploring auction options. With Auction Finance, we provide easy access to financing for auction purchases, helping you secure pre-approvals and get behind the wheel of your next vehicle with ease.

For daily updates on bank, fleet, and commercial vehicle auctions across South Africa, join our WhatsApp group to stay informed. Simply click here. If you’re ready to apply for finance, visit us at www.auctionfinance.co.za for more information. Auction Finance is a Auth. FSP34936

#AuctionFinance #CarAuctionsSA #BankAuctionDeals #BuySmartSaveBig

From Supercars to Super Savvy: Why MFC Auction is the Real Playground for Collectors

If you’ve been following the latest trends among the ultra-rich, you’ve probably heard about the new breed of supercars calling out to collectors. These cars are as rare as a humble politician, and they come with price tags that would make even Elon Musk do a double-take. According to a recent article on TopAuto, these vehicles are not just about speed or luxury anymore; they’re about exclusivity, innovation, and—let’s be honest—bragging rights. Because what’s the point of having a car that can go from 0 to 100 km/h in 2.5 seconds if you can’t casually mention it at your next dinner party?

But here in South Africa, we like to do things a little differently. While the ultra-rich are busy collecting their latest four-wheeled Fabergé eggs, the rest of us discerning shoppers are flocking to the MFC Auction, where we can bid on real cars—economical, reliable, and a lot less likely to make our insurance brokers faint.

Take Bridget, for example. Last week, she was at the MFC Auction, eyes gleaming as she placed her bid on a 2021 Kia Picanto 1.0 Street. Now, while it may not be a V12 Diablo, this little gem of a car will still get her from point A to point B with enough fuel efficiency to keep her bank account smiling. And unlike those ultra-rich collectors who are now considering how to afford that extra garage space, Bridget still has money left over to take a well-deserved vacation.

But Bridget isn’t alone. The MFC Auction is attracting a new wave of savvy buyers who understand that you don’t need to spend millions to get a great deal. With over 170 vehicles going under the hammer, there’s something for everyone—from first-time buyers to those looking to upgrade without breaking the bank. Whether you’re after a reliable hatchback, a family-friendly SUV, or even something with a bit more grunt under the hood, you’re likely to find it here.

And let’s not forget the savings! While those collecting ultra-exclusive cars are paying a premium for their rarity, MFC Auction shoppers are picking up vehicles at around 80% of their trade book value. That’s right—no need to be a millionaire to walk away with a fantastic deal.

Plus, for those who want to experience the thrill of the auction from the comfort of their own home, TikTok influencer @Sthe0051 will be covering the event live this week. Not only will you get an inside look at how the auction is conducted, but you’ll also get the chance to ask questions in real-time and see exactly what kind of deals are up for grabs.

So, while the ultra-rich are busy pondering which gold-plated, diamond-encrusted supercar to add to their collection, the rest of us can take pride in knowing that we’re making smarter, more economical choices. After all, who needs a car that costs as much as a small country when you can drive away in something that’s practical, affordable, and still leaves you with enough cash for a celebratory dinner?

Interested? The next MFC Auction is just around the corner. Mark your calendar for September 4th, and don’t forget to check out the full catalogue here. Bridget will be there, smiling behind the wheel of her new Kia Picanto—and who knows, you might just find your own perfect match.

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📅 Event Details

• Date: September 4, 2024
• Time: 11:00 AM
• Location: M57 Pretoria Rd, Glen Marais, Kempton Park
• Viewing Day: September 3, 08:00 - 16:00
• Lots on Auction: 175 Vehicles
• Catalogue: MFC Auction Catalogue
• Website: mfcauctions.co.za

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💸 Finance Made Easy with Auction Finance

At Auction Finance, we understand that purchasing a vehicle is a significant investment. That’s why we’re here to help you every step of the way. Here’s what we offer:

• Quick and Easy Application: Get pre-approved for financing and walk into the auction with confidence. Apply online at www.auctionfinance.co.za.
• Competitive Rates: Our financing options are tailored to meet your unique needs.
• Personalised Support: Our dedicated staff, including Carin Visser, is ready to assist you. Contact Carin at 082 654 7232 for personalized support. (Auth. FSP34936)
• On-Site Finance Available: Join us at the viewing on September 3 and ask for Carin for on-site assistance.

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🔔 Stay Updated with Auction Alerts

Don’t miss out on future auctions! Join our WhatsApp Auction Alert group to receive daily updates on all bank, fleet, and commercial vehicle auctions across South Africa. We’re present at ABSA, Standard Bank, MFC, and WesBank Auctions. Join now!

Get ready to experience the thrill of the auction, and don't forget to tune in live with @Sthe0051 on TikTok for expert guidance and real-time insights. We can’t wait to see you there!

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Also, check out this awesome article from our favourite: TopAuto. It’s all about the new breed of cars calling out to ultra-rich collectors.