Bank repossessed cars are assets that a financial institution has taken back from a client who has failed to pay for it. This financial institution can then decide to either keep the vehicles for compensation or sell the cars to recuperate costs and does this via means of bank repossessed auctions.
Here are some benefits when buying a repossessed car on auction:
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This 2005 year model Colt 2800 was previously for sale in Gauteng with an asking price of R 94,200. This very high mileage bank repossessed Colt 2800 for sale has 1,672,241km on the clock. The vehicle has a Manual transmission.