Milnerton - Absa repo vehicles on auction on 23 August 2018

ClareMart in partnership with Absa, will be bringing consumers and dealers another fine selection of luxury and economy vehicles to choose from at 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 23 August 2018. 

The selection includes SUVs, commercial vehicles, family cars and more. Whether you’re in the market for the ultimate driving machine, or a city runner for everyday use, you are sure to find a vehicle to suit your needs.

Registration is on 22 and 23 August 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 22 August 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 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 15% 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 23 August. ”We are looking forward to yet another successful Absa Repo Auction which has become a highlight on the retail vehicle calendar,” concludes Koch.

For more information, contact Andrew Koch on , 021 425 8822, or Riaan de Jager on 021 529 6420 and visit