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

From Pre-Approval to Sold! Inside the ABSA PE Auction with Nicol from Auction Finance

 

The ABSA Passenger & Commercial Vehicle Auction is landing in Gqeberha on 12 June 2025, and buyers are already circling quality stock—from SUVs and sedans to trucks, trailers, and even yellow metal equipment. But before the first bid is placed, smart buyers are already speaking to Nicol Palmer, one of Auction Finance’s seasoned F&I consultants, to get pre-approved and ready to roll.

We asked Nicol to share what buyers need to know before auction day, and why getting your finance sorted upfront is a non-negotiable.

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📝 What’s the first step to securing finance at an auction?

According to Nicol, it all starts with a completed application and the right supporting documents. The requirements vary slightly between private buyers and businesses, but the goal is the same: get a clear picture of your financial profile before the bidding begins.

For private buyers:

• Completed and signed application form

• SA ID and valid driver’s licence

• Proof of address (credit provider statement, not older than 3 months)

• 3 months’ bank statements (6 months if self-employed)

• 3 months’ payslips

• Proof of additional income (if applicable)

For businesses:

• Completed juristic application + director applications

• Company registration docs (CK/PTY)

• 6 months’ bank statements

• Audited financials or up-to-date management accounts

• Proof of address (for the company and all directors)

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💡 Why does pre-approval matter?

“Bidding without finance in place is risky,” Nicol warns. “Buyers often assume their credit is perfect, but things can go sideways quickly. If your bid is successful but the bank declines your finance—or offers a poor rate—you only have 48 hours to pay, or you’ll lose your registration deposit and be blacklisted from future auctions.”

That’s why Auction Finance helps clients apply in advance, giving them a realistic approval amount, clarity on rates, and peace of mind to bid with confidence.

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🚛 What kind of vehicles are on offer?

Buyers can expect a wide range of assets at this auction:

• Popular cars and SUVs

• High-end models

• Commercial vehicles (trucks, trailers, bakkies)

• Agricultural equipment and yellow metal

• Even buses and non-runners (note: non-runners can’t be financed traditionally, but Auction Finance can assist with personal loans if needed)

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🔧 How does Auction Finance tailor finance for each buyer?

“No two buyers are the same,” Nicol explains. “We take time to understand your needs—whether you're a private buyer, a fleet manager, or a small business. We also offer value-added products like warranties, insurance, and deposit protectors. We don’t just secure finance—we set you up for success long after the auction.”

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💼 Why choose Auction Finance?

Nicol doesn’t hold back: “There’s no one else quite like us.”

Auction Finance works with all four major banks—ABSA, Standard Bank, WesBank, MFC—as well as a panel of 13 private funders. That means clients can compare offers and choose the best one for their needs.

“If it has a VIN or engine number, we can finance it. We’re what I like to call the hybrid of finance,” says Nicol. “You get options, support, and a team that genuinely cares.”

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⏱️ How long does approval take?

If you’re a private buyer with your documents ready, approval can happen the same day. For companies, it usually takes up to 48 hours, since the vetting process is more complex.

So don’t wait for auction day—get everything in order now.

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❓ What advice would you give to first-time bidders?

“Don’t let auction fever get to you,” Nicol laughs. “Stay cool, set your limits, and attend the viewing days to inspect the vehicles properly. The more prepared you are, the better your experience will be.”

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👥 How does Auction Finance support buyers on the day?

On-site support in the Eastern Cape is hands-on: “We help you register, get your buyer number, and guide you through the process. We’re there to make sure you feel confident, not confused.”

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💬 Final thoughts?

“If you’ve never financed through an auction, don’t stress. We’re here to walk you through everything. And if you’re already a savvy buyer—come get a better deal with us.”

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📲 Ready to Bid with Confidence?

Pre-approval is just a few steps away. Contact Nicol Palmer today:
📞 +27 61 521 7518
📧 nicol@auctionfinance.co.za
🌐 www.auctionfinance.co.za

Auth. FSP34936
View auction details: https://tinyurl.com/6ybjr4w4

👉 Eastern Cape buyers: Join our WhatsApp group for bank, fleet & commercial auction updates! Join here

De-mystifying Auction Trade Values: What Do They Really Mean?

If you’ve ever browsed an auction catalogue, you’ve likely noticed a “trade” or “retail” value listed next to each vehicle. This often sparks a common question: Is this the starting bid or the price the auctioneer wants? The answer is: neither. Let’s break it down to help you understand what these values mean and how they’re used in the auction and broader used car markets.

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What is the Listed Value?

Auctioneers often list trade or retail values as a reference for buyers. These values are not set prices but rather guides based on industry-standard book values. These book values, published monthly, reflect market trends, depreciation, and the vast array of vehicle models, derivatives, and year combinations.

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Understanding Trade and Retail Values

1. Trade Value: The price a dealer is likely to offer if you sell your car to them. It’s generally lower as it accounts for the dealer’s costs to recondition and resell the vehicle.

2. Retail Value: The price you might pay to buy the same car from a dealer, typically higher to include profit margins, warranty, and other dealer services.

These values are starting points, not fixed prices. For example:

• A clean, low-mileage car of a particular make and model may fetch more than trade value.

• Conversely, a car with damage, high mileage, or neglect may sell for significantly less.

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How Dealers Use These Values

Dealers rely on trade and retail values to:

• Make buying offers: A dealer factors in mileage, condition, and market demand to decide how much they can pay for a vehicle while leaving room for profit.

• Set selling prices: They analyze the market to avoid pricing too high (risking no sale) or too low (losing potential profit).

Even vehicles with significant issues—like high mileage, accident damage, or non-runner status—have a value. The key is understanding that everything is for sale at the right price. For example:

• A clean car of a specific make, model, and year will command higher trade and retail values.

• The same car, if marked as salvage, will attract a much lower trade value but still holds value for parts or rebuilding.

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Why These Values Matter at Auction

At auctions, vehicles are sold to the highest confirmed bidder, regardless of trade or retail values. Auctioneers list these values to help buyers estimate a vehicle’s market worth. However, the final price is determined solely by the bids on auction day.

Not all auctioneers display these values, and some may show only trade, retail, or both. This can vary depending on the auction house and the type of sale.

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Tips for Using Trade and Retail Values When Bidding

1. Inspect Carefully: Attend the viewing day to assess the vehicle’s condition. Look for signs of wear, damage, or neglect.

2. Do Market Research: Compare similar vehicles online to understand what they’re being listed for by dealers or private sellers.

3. Set a Budget: Use trade and retail values as guides, but factor in reconditioning costs, potential repairs, and auction fees.

4. Be Savvy: Remember that vehicles on auction can sell below their book values. On average, cars at auction this quarter are fetching around 80% of trade value—an incredible opportunity for a well-informed buyer.

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Why Auctions Are Worth It

Buying at auction can seem daunting, especially for first-time bidders, but the potential savings make it worthwhile. With proper preparation and a clear budget, you can secure a fantastic deal on your next vehicle.

For more auction tips and updates on bank, fleet, and commercial auctions, join our WhatsApp group: Auction Alerts.

And if you need finance to bid with confidence, Auction Finance is here to help. We offer pre-approvals so you can bid knowing your finances are secured. As an authorised financial services provider (FSP34936), we’re committed to helping you save.

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Vehicle Inspection Services

While we don’t offer this directly, we’re happy to recommend a trusted partner: View4You. 

They provide detailed vehicle inspections.

If you’re bidding remotely or just want peace of mind, they’re the experts to trust! Visit their website to learn more: www.view4you.co.za.

Start your auction journey today. Great deals await those who do their homework and bid smartly

Upcoming Park Village Auctions, National Vehicle Auction: Don’t Miss Out!

The search for your dream car just got more exciting! The National Vehicle Auction is happening on Wednesday, 20 November 2024, and it’s a golden opportunity to snag incredible deals on a wide range of vehicles from Standard Bank, BMW Financial Services, ABSA Bank, liquidators, and other financial institutions.

This live webcast auction ensures you can bid from anywhere, but remember—it’s all online, so pre-register now to avoid missing out.

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Auction Details You Need to Know

🗓️ Auction Date: Wednesday, 20 November 2024, starting at 10:00
💻 Auction Type: Webcast (Online Only)
💵 Registration Deposit: R7,000-00
📍 Viewing Date: Tuesday, 19 November 2024, from 09:00 - 16:00
📍 Viewing Locations:

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

Auction Catalogue & Terms

📜 Auction Catalogue:
Browse the full list of vehicles available at the National Vehicle Auction. Click below to view detailed information and images for each lot:
👉 View Auction Catalogue

📋 Auction Terms & Conditions:
Ensure you're familiar with the auction terms and conditions before placing your bid. Click below to review all the important details:
👉 View Auction Terms

💡 Pro Tip: Carefully review the catalogue and terms to ensure a smooth auction experience. Happy bidding!

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Why Attend This Auction?

🚗 Over 200 vehicles available, ranging from sedans to SUVs, bakkies, and more!
🏦 Bank-Instructed Sale: Trusted and legitimate, no private sellers—only verified stock.
📃 Transparency: Complies with the Consumer Protection Act, ensuring fair trading.
🌐 Convenience: Bid from anywhere in South Africa via the online webcast platform.

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Be Auction-Ready with Auction Finance

Don’t let finances hold you back! With Auction Finance, you can secure fast, hassle-free pre-approval before auction day, giving you the confidence to bid like a pro.

🔑 Why Choose Auction Finance?

• Competitive interest rates
• Quick and secure pre-approval process
• Expert support every step of the way

🖱️ Apply Online Now: Visit www.auctionfinance.co.za
📞 Need Assistance? Contact our finance experts:

• Johannesburg: Nondumiso Mzungu - +27 64 673 1349
• Durban: Zanele Ngcongo - +27 73 031 8527
• Bloemfontein: Celeste Steenberg - +27 82 374 5078

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Tips for First-Time Auction Buyers

1️⃣ View Before You Bid: Visit one of the viewing venues on Tuesday, 19 November, to inspect the vehicles you’re interested in.
2️⃣ Know the Terms: All cars are sold "as is." Ensure you’re familiar with the lot and conditions of sale.
3️⃣ Get Pre-Approved: With Auction Finance, you’ll save time and avoid missing out on great deals.

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Stay Updated!

Join our Auction Alerts WhatsApp Group for real-time updates and exclusive insights into upcoming auctions.
👉 Click Here to Join

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Don’t wait—register, view, and get pre-approved today. Your dream car is just a bid away!

🚘 Auction Finance – Easy, Fast, Trusted. (Auth. FSP34936)

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.

Score Big on Used Cars at the MFC Bank Vehicle Auction – Happening This Wednesday!

Hey, Sthe here! If you’re in the market for a used car and want to avoid crazy dealer markups, listen up because the upcoming MFC Bank Vehicle Auction is where the magic happens! This is your chance to snag a solid ride for way below trade value, and I’m here to make sure you’re ready to roll! 

Why This Auction is a Must-Attend

Every Wednesday at 11 AM, the MFC Bank Vehicle Auction transforms the car-buying experience in South Africa. It’s hosted at a top-notch drive-through facility in Kempton Park, where bank-repossessed vehicles are auctioned directly to the public—no dealer or private middlemen involved! Not only does that mean you’re getting a transparent deal, but each car also comes with a DEKRA condition report. You won’t find this kind of security at just any auction, believe me.

My Followers Get Extra Support 🚀

I’ve been talking to so many of you who got pre-approved but haven’t quite found “the one” yet. Well, this is your moment! For anyone needing a little guidance or some insider tips, hit me up directly at – +27825187313 I’m personally on standby to help you find your dream car. And don’t forget, if you’re new to the auction game, Auction Finance is here to get you pre-approved fast so that you can bid with confidence.

Attend In-Person or Online – You Choose!

Whether you want to experience the thrill in person or prefer to join from the comfort of your couch, MFC’s auction has you covered. You can bid live from their Kempton Park showroom or jump into the action online. The best part? The energy of a live auction is unmatched, and MFC’s setup allows online bidders to feel right there in the room, minus the travel and parking hassle.

What to Expect at the Auction

From sedans to SUVs, you’ll find a huge selection of vehicles with an average sale price of around 75% of their trade value. This means real savings for smart buyers who want more car for less cash. If you’re already browsing the market, this auction could easily get you the vehicle you want at a price you’ll love.

Details You Need to Know:

• Auction Date: October 30, 2024
• Time: 11:00 AM
• Location: MFC Auction House, M57 Pretoria Rd, Glen Marais, Kempton Park
• Vehicle Viewing: Available in person at MFC or online through the catalogue
• Auction Catalogue: Full Catalogue Here

FAQs for First-Time Auction Buyers

1. How Do I Register?
Registration is super simple, but you’ll need a R5,000 refundable deposit (which you’ll get back if you don’t bid or win). You can register as a private individual, a dealer, or a non-South African resident, just remember to bring the right documents.

2. How Much Do These Cars Go For?
Every car’s final price depends on bidding competition, but many vehicles sell below trade value. Do some research on the cars you’re interested in and come prepared to bid within your budget.

3. Is Finance Available?
Absolutely! Auction Finance can set you up with pre-approval so you’re ready to go when the auction starts. This gives you a huge advantage and lets you focus on finding the right vehicle, not scrambling for funds.

4. What Are the Costs?
Apart from the winning bid, keep in mind additional costs like documentation fees, buyer’s commission, and VAT. Ask for a pro forma invoice to see the full breakdown so there are no surprises.

5. Do I Have to Be There in Person?
Nope, you can bid online! MFC offers a top-tier online bidding experience so you can participate from anywhere. But if you’re around, drop by for the full experience—it’s worth it!

Don’t Miss Out – Your Dream Car Is Waiting

This MFC auction is one of the best ways to find quality vehicles at bargain prices. And with my guidance and Auction Finance’s support, you’ll be ready to make the most of this event. Get pre-approved, tune into the auction, and let’s make your dream car a reality.

Follow Sthe’s Auction Insights on TikTok

Want a closer look at upcoming car auctions, insider tips, and live auction events? Sthe shares it all on his TikTok channel, where he’s helping you stay informed and score the best deals. From auction previews to bidding strategies, his content is here to make your auction experience smooth and successful.

Catch Sthe live and join the conversation: @Sthe0051 on TikTok

Got questions? Reach out to me directly at 0825187313. Let’s make it happen!

The Ultimate Guide to bidding on the MFC Bank Vehicle Auction | 18 September 2024 | Don’t Miss Your Chance to Bid!

Every Wednesday at 11:00 AM, car buyers have an exciting opportunity to save big at the MFC Bank Vehicle Auction. Taking place at their state-of-the-art showroom in Kempton Park, this auction is unlike any other in South Africa. Whether you attend in person or participate online, you're in for an exciting experience with significant savings on quality vehicles.

Why This Auction is Different

At this auction, all vehicles are bank repossessions, meaning no dealer or private stock—just cars directly from the bank. This provides you with transparency and confidence when bidding. Plus, each vehicle comes with a Dekra condition report, making MFC the only auction house in South Africa to offer such a service across all cars at their Auction Centre in Johannesburg.

The auction takes place in a drive-through facility, where vehicles are driven in front of bidders as they are auctioned, with comfortable seating for those attending live. Prefer to bid from home? No problem—online bidding is available, and it offers convenience without sacrificing the excitement of a live event. Online bidding also allows you to avoid travel, parking, and crowds while still getting your hands on great deals.

Market Insights and Savings

On average, cars at these auctions sell for around 75% of their trade value, meaning substantial savings for savvy buyers. With a wide selection of vehicles available, you’re bound to find something that suits your needs and budget.

Auction Finance: Pre-Approvals and Live Coverage

Auction Finance will be live at the MFC viewing day and auction event, providing previews of the cars going on auction and offering insights into the deals as they happen. For our TikTok followers, our influencer, @Sthe0051, will be covering the auction live on TikTok. Watch as he walks you through the bidding process, highlights vehicles on offer, and answers your questions in real-time. Be sure to follow him to stay updated: Watch @Sthe0051 Live on TikTok.

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MFC Auction Event Details:

• Auctioneer: MFC Auction House
• Date: September 18, 2024
• Time: 11:00 AM
• Location: M57 Pretoria Rd, Glen Marais, Kempton Park
• Viewing Day: September 17, 08:00 AM – 16:00 PM
• Catalogue: View full catalogue here
• Vehicles on Auction: 158

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Frequently Asked Questions (FAQ)

Where is this auction located?
The auction takes place at MFC Auction House, M57 Pretoria Rd, Glen Marais, Kempton Park.

Can I participate in the auction online?
Yes! You can participate in the auction both live in person or online. Simply visit the auction at the physical location, or participate online by clicking here.

How do I take part in the auction if I want to buy a car?
To participate, bidders must register beforehand. Here’s what you’ll need:

• Private Individuals: Original ID and utility bill (not older than 3 months) showing current residential address
• Non-S.A. Residents: Passport, valid VISA, or traffic register certificate
• Dealers & Companies: Proxy and buyer’s ID, traffic register certificate, business proof of residence, letter with proxy and buyer’s details, business registration documents (CK, CC, PTY), and owner/manager/GM ID (the person signing the proxy letter)

Can I view the cars before the auction?
Yes, viewing is available both online and in person at the MFC Auction House premises. The viewing day is free and no registration is needed to browse the vehicles.

Is there an auction list or catalogue available?
Yes, a detailed auction catalogue is available before the auction. Typically, the final catalogue is released the day before the auction, but you can usually access it a week ahead. You can view it online at MFC Auctions.

Can I get finance for auction cars?
Yes! Auction Finance is available on-site and online. You can even secure a pre-approval before the auction by applying online at Auction Finance.

What is a ‘runner’ vehicle?
A "runner" vehicle refers to a used car that is in running condition and can be driven. All vehicles in this auction come with a DEKRA condition report for peace of mind.

How much is the deposit to register?
A deposit of R5,000 (five thousand rand) is required for registration. This can be made via EFT or bank deposit.

Is the deposit refundable?
Yes, the deposit is fully refundable if you don’t bid or if your bid is unsuccessful. However, if you place a successful bid and fail to complete the purchase, you will lose your deposit. If you don’t bid or win, your deposit can either be refunded within 5 business days or kept for future auctions at your request.

How much will a car cost at auction?
The final price depends on bidding and various factors like mileage, condition, and service history. Most auction cars sell below trade value, but you should attend or view the auction to get a sense of pricing and budget accordingly.

Are there additional charges (VAT, etc.)?
Yes, additional fees apply. Here’s a breakdown:

• Bid price (Hammer price)
• Documentation fee: R2,250 (Excl. VAT)
• Buyer’s commission: 5% (Excl. VAT)
• DEKRA report (if applicable): R521.74 (Excl. VAT)
• VAT: 15%

A full breakdown will be provided on your pro forma invoice.

What is the starting price for bidding?
Pre-bidding is open on all items before the auction, and the highest pre-bid will be the starting price when the live auction begins. The auctioneer will regulate bid increments during the live auction.

Do MFC hold auctions in other regions?
Yes, MFC hosts auctions in various regions, including KwaZulu-Natal (KZN), Western Cape, and Free State. While dates for these auctions vary, you can stay informed by joining our WhatsApp Auction Alert Group: Click here or by visiting Auction Finance.

Need more information?
For a full list of terms and conditions for the MFC Auction, visit MFC Terms & Conditions.

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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: WhatsApp Auction Alert

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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Have more questions?
Reach out to us directly or ask in the comments below, and we'll be happy to help! Keep an eye on @Sthe0051’s TikTok for live coverage of the auction.