Wasting no time at the starting line, Park Village Auctions (PVA) is already gearing up for its first vehicle auction for 2019 which is set to take place on Wednesday.
While it may seem counterintuitive to buy a big ticket item like a car in January, PVA’s Clive Lazarus explains that this is, in fact, the best time for budget-savvy buyers to acquire quality used vehicles.
“It’s no secret that dealerships focus (almost exclusively) on new vehicle sales between December and January. First, aiming to smash annual targets at year-end and then pushing new launches in the New Year. This is great for those who can afford a brand new set of wheels,” says Lazarus.
“The budget-conscious know that increased inflation rates and fuel prices are going to eat into their monthly disposable income, so they are looking to secure an upgrade with affordable repayments to off-set running costs as much as possible. That’s where auctions come into play.”
Genuine bank-repossessed car auctions have always presented a favourable way for buyers to get their hands on newer wheels, often with warranties and services plans still intact, without over-extending themselves.
“Bidders set the price they are willing to pay, finance is available on the auction floor, and insurance premiums on used vehicles are generally lower (depending on the make and model of the car).”
Lazarus notes that another benefit of car auctions is that buyers have a wider selection of vehicles to suit their preferences.
Over the years, PVA’s Martindale car auctions have earned a solid reputation for bringing a large assortment of genuine, repossessed vehicles ranging from basic hatchbacks and student orientated cars to top of the range SUVs and luxury sedans to market, and this time will be no different.
“Buyers will be spoiled for choice and opportunities to acquire quality used cars at much lower than market value.” adds Lazarus.
When and where
The auction will commence at 10:30am Wednesday at 221 Main Road, Martindale, Johannesburg, with viewing taking place the day prior from 9am – 4pm.