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 1999 year model Volkswagen Caravelle was previously for sale in Eastern Cape with an asking price of R 51,800. This very high mileage bank repossessed Volkswagen Caravelle for sale has 310,657km on the clock. The vehicle primary colour is black. The vehicle has a Manual transmission.