Auction Car Buying In South African Follows World Auto Buying Guides
Auction car buying in South Africa is fast catching up with the happenings in the rest of the world. Repossessed car auctions are used as a savings vehicle by many an auto collector. These guys become buying experts and visit the regular monthly, quarterly or annual auction sales like clockwork. They compile their list of possible buys during the preview period that is usually a day or two before the event.
Where the best bargains can be had, is in situations where you can just outbid a dealer who wants to buy really low in order to show a good profit when reselling the vehicle.
You need to do your homework beforehand and arrange for a pre-approved used car loan, or have some other financing arrangement ready if you win the bid. If you don’t have expertise in this area, there are books that will guide you through the process, and teach you how to inspect a vehicle before you start bidding. Visit the auctions offered by Burchmores or McCarthy Call-A-Car to get a feel for these events, before you actually begin to participate.
Auction car buying can become an exciting pastime, once you have some experience under your belt. Please share your favorite tips with all the newbies out there.
