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Auction Ended 2022-01-18T12:00:10Z

Bank Repossessed BMW 1 Series 118I M Sport 5DR F20 (2014)

Retail Value
R 174,640
Location
Gauteng
Year
2014
Kilometers
198,735 km
Transmission
Manual
Colour
Black
Stock No
MC2108250021
Comfort
AirCon ,
Bluetooth Connection ,
Central Locking ,
Leather Seats ,
PDC Rear ,
Power Steering ,
Power Windows ,
Radio ,
Speakers ,
Sunroof/Moonroof
Miscellaneous
Key ,
Spare Key

Notes

Spray Work Visible , Warning Lights, Jump Started

All vehicles sold "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 R2,875.00 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 1 Series 118I M Sport 5DR F20

This 2014 year model BMW 1 Series was previously for sale in Gauteng with an asking price of R 174,640. This high mileage bank repo BMW 1 Series for sale has 198,735km on the clock. The vehicle primary colour is Black. The vehicle has a Manual transmission. The vehicle has the following comfort features AirCon,Bluetooth Connection,Central Locking,Leather Seats,PDC Rear,Power Steering,Power Windows,Radio,Speakers,Sunroof/Moonroof.

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