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 2008 year model Lexus IS was previously for sale in Western Cape with an asking price of R 151,100. This high mileage bank repossessed Lexus IS for sale has 201,556km on the clock. The vehicle primary colour is navy blue. The vehicle has a Manual transmission. The vehicle has the following comfort features Leather Seats,Sunroof/Moonroof,Power Passenger Seat,Power Driver Seat,Power Windows,AM/FM Stereo,Central Locking,Electric Seats,Power Steering,Radio,Speakers,Power Steering,Air Conditioning,Tools.