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 2001 year model Alfa Romeo 147 was previously for sale in Gauteng with an asking price of R 41,000. This high mileage bank repo Alfa Romeo 147 for sale has 193,072km on the clock. The vehicle has a Manual transmission.