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Bank Repossessed Daewoo Lanos I 1.6SX H/B 5D (1998) (Non Runner)
Trade Value
R 8,850
(Non Runner)
Location
Eastern Cape
Year
1998
Kilometers
288,912 km
Transmission
Manual
Colour
white
Stock No
MC19643
Notes
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.
Create Similar Mail Alert
Used Daewoo Lanos I 1.6SX H/B 5D
This 1998 year model Daewoo Lanos I was previously for sale in Eastern Cape with an asking price of R 17,700. This high mileage bank repossessed Daewoo Lanos I for sale has 288,912km on the clock. The vehicle primary colour is white. The vehicle has a Manual transmission.