We are incredibly proud of our association with Absa and in line with our long-standing relationship, the ClareMart Auction Group has again been appointed to conduct the bank’s next repossessed vehicle auction which will take place at the Absa Trade Centre at 9 Ludel Park, off Koeberg Road, Milnerton at 12h30 on Thursday 22 June 2017.
Registration is on 21 and 22 June from 09h00, and prospective bidders are required to furnish a R5000 refundable registration fee payable by EFT only. It is important to note that cash, debit or credit cards, and cheques WILL NOT be accepted. The vehicles may be viewed the day before the auction, on Wednesday 21 June from 9am to 4pm at the Absa Trade Centre. In addition, the Consumer Protection Act requires that all bidders taking part in the auction must provide a certified copy of their ID and proof of residence, not older than 3 months.
“Bidders must be aware, from the outset, that the terms of purchase are the bid price plus 14% VAT as well as a R2000 administration fee per asset purchased,” says Andrew Koch, ClareMart General Executive Director.
The auction will kick off promptly at 12.30pm on 22 June. ”We are looking forward to yet another successful Absa Repo Auction which has become a highlight on the retail vehicle calendar,” concludes Koch.