Bank Repossessed BMW 2 Series M2 218I Active Tourer (2016)
The overall condition of the vehicle is good. There is no trade or retail prices available however the new list price is R 491 328. Market research shows that similar vehicles sell between R 430 000 and R 470 000.
All vehicles are sold through an auction process "voetstoots" with no warranties/guarantees and with no duty to repair. This vehicle is sold according to year of first registration on Natis document and as is with no warranties/guarantees. Furthermore no warrantee/guarantee is provided regarding any functional components.Standard Bank Terms and Conditions
This facility is produced by the Standard Bank of South Africa Ltd ("the Bank") for information purposes only. Information on this website is not warranted to be correct at all times. All vehicles are sold as is. The Bank does not guarantee a specific condition, state, added features or items of any vehicle. Any user making an offer participates in a tender bidding process and the Bank, in its sole and unbiased discretion, and for whatever reason retains the right to accept or reject any offer at any time for whatever reason. An admin fee of R2990 is payable on acceptances of offer. Neither the Bank nor mycars.co.za will be liable for any losses of whatsoever nature incurred, as a direct or indirect result of the use of the information on this site. Any user of this site warrant to be familiar with all its terms and conditions and to abide by it.
As this is an online auction with a defined expiry date/time, it is important to place your best bid before the close of the auction. Should you wait until the last second you may experience a slow internet connection from your internet provider, and may run the risk of your bid not being placed in time. If a bid is received a few minutes before an auction closes, the auction will be extended for a further 2 minutes. This Vehicle is SOLD ‘AS IS’ with NO WARRANTIES /GUARANTEES and although it may be advertised as a ‘RUNNER’, this simply means that the engine starts. Furthermore NO WARRANTEE / GUARANTEE is provided regarding any functional components.
What is a Bank Repossessed Car?
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:
- When buying a new car, the value of the car falls as soon as you drive it off the showroom floor. With repossessed 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 repossessed car. Some brands lose value faster than other brands.
- When buying a relatively "new" repossessed 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.
- Repossessed cars are often sold for much less than they are worth, giving you great value for money.
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Used BMW 2 Series M2 218I Active Tourer
This 2016 year model BMW 2 Series M2 was previously for sale in Gauteng with an asking price of . This repossessed BMW 2 Series M2 for sale has unknown mileage. The vehicle has a Manual transmission. The vehicle has the following comfort features AM/FM Stereo,Radio,Speakers.