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 2007 year model Mercedes Benz ML was previously for sale in Western Cape with an asking price of R 214,100. This high mileage bank repossessed Mercedes Benz ML for sale has 201,015km on the clock. The vehicle primary colour is silver. The vehicle has a Manual transmission. The vehicle has the following comfort features Leather Seats,Power Windows,AM/FM Stereo,Central Locking,Power Steering,Radio,Speakers,Tow Bar,Power Steering,Air Conditioning,Tools. The vehicle has the following safety features Immobilizer,Air Bags.