Get the right wheels
REPOSSESSED: OVER 200 CARS UP FOR GRABS AS BUYERS LOOK FOR VALUE
Motorists look for fuel- efficiency because of the rising petrol price, says auctioneer.
Motorists are working around the petrol price by acquiring newer, fuel-efficient models via auctions – still a popular choice for buying good cars, says Park Village Auctions’ Clive Lazarus.
“One might think that a fuel hike of 120% in just over two years would have motorists trading in four motorised wheels for two peddle-powered ones, but that’s not the case,” says Lazarus.
“Instead, discerning buyers look out for economic, new-model vehicles via our monthly car auctions. In some cases, they may look for smaller engines, but it’s mostly about fuel efficiency and avoiding out-of-plan maintenance.”
Lazarus says because the vehicles sold on auction are genuine bank repossessions, they are relatively new, often with warranty or service plans intact.
A wide variety of vehicles are available – from entry-level to luxury sedans – so buyers need only keep their eye on the monthly auctions to find their ideal car.
A known perk of vehicle auctions is that they often fetch lower-than-dealer prices too. “With finance available on the auction floor, savvy buyers secure
newer wheels at highly competitive rates without any run-around,” says Lazarus.
PVA hosts several car auctions per month around the country.
The next auction of this nature will be the Absa repossessed car auction held on Tuesday at 10am. More than 200 vehicles will be sold via webcast. Viewing will open from 9am to 3pm today at the Absa Trade Centre, 8 Top Road, Anderbolt.