What is a Fleet Car?

Bank Fleet cars are assets that a financial institution has received back from a client who has reached the end of fleet finance term.

Here are some benefits when buying a fleet car on auction:

• When buying a new car, the value of the car falls as soon as you drive it off the showroom floor. With fleet cars, that value has already taken the plunge and it loses value more slowly.
• Depending on the brand, you save a lot of money on a bank fleet car. Some brands lose value faster than other brands.
• When buying a relatively "new" bank fleet car, the factory warranty may still be active.
• If you are looking for a specific car and keeping a thorough eye on the MyCars website, it is bound to make its appearance. Create an email alert and get notified when it is on auction.