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:
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This 2012 year model Caterpillar Yellow Goods CP533EXL was previously for sale in Eastern Cape with an asking price of R 850,000. This low mileage bank repo Caterpillar Yellow Goods CP533EXL for sale has 6,204km on the clock. The vehicle primary colour is YELLOW. The vehicle has a Manual transmission.