If buying a new vehicle isn’t an option and you need to borrow money to get a second hand car, you could apply for repossessed car finance at bank auctions. A great place to look for second-hand cars is at a bank auction. The financial climate has meant that many people who thought that they could afford a car a year ago can no longer afford to pay for their vehicle. These cars are now up for auction, normally at prices much lower than usual second-hand car rates. Banks like Absa, Standard Bank, Nedbank and Wesbank offer great finance at affordable interest rates. Repossessions can come in really good condition and they just might be the way that you can buy the automobile of your dreams.
You may have some money that you could put down for a deposit, then you can apply for repossessed car finance at bank auctions. These auctions are really exciting places to be. More often than not, more than one car is up for auction at a time. Most of these models are new, and in great condition. Whether you bank with Absa, Standard Bank, Nedbank or Wesbank you can attend auctions and get favourable deals of the car you want. It is easy to borrow money if you have been with a bank for a long time, and have a good credit rating. It is even easier to attend an auction and start bidding!
If you’ve never been to an auction before, there is no need to feel intimidated. At most bank auctions there are staff on hand to explain the process to you, and who will be able to help you with your queries about vehicle finance. They will make you aware of the conditions under which you will buy the car. These auctions are happening all across South Africa and if you don’t attend now, you’re missing out. If you need to borrow money, it’s no problem. Apply for Repossessed car finance at bank auctions.
Wesbank Vehicle Finance Options
Webank vehicle finance options apply to both private sale and dealership sales of cars. They are South Africa’s largest dedicated provider of private sale finance and they have over 40 years of experience in asset based finance. This means that you are guaranteed the expertise of a large bank but this is not without personalised service and fantastic advice throughout the process of applying for finance. In order to facilitate the process, Wesbank has developed a microsite which provides its customers with all the information you could need when looking to purchase a car from a private seller. What is more is that this site also offers its visitors with the chance to find out if they apply for vehicle finance.
For those of you who are looking for Wesbank vehicle finance options on a car that you are looking to purchase from a dealership then the best place for you to look for all the information you need would be the Wesbank microsite at www.wesbankexpert.co.za. As per the private sales option, the process is the same. You can use their online tool to see if you qualify for finance and the microsite additionally has an entire section dedicated to helpful tips and tools to make the application process more easily understandable.
In addition to the above, the mircosite provides a disposable income calculator which is extremely helpful as it can help you with your budget calculations before you purchase anything. This is very important as you do not want to find yourself in a situation where you cannot afford the car that you have purchased and the bank repossesses it. Once you have gone through the process of applying for finance, and making sure that the car you have chosen is the right one for you, Wesbank will make the purchasing of the vehicle as simple as possible for you. There really is no reason why you shouldn’t take a look at the Wesbank vehicle finance options.