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Buying a Car At an Auction - What DO I need to Know 

Financial Bunny
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18 сен 2019

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Комментарии : 313   
@timothymphuthi7015
@timothymphuthi7015 4 года назад
You must also be carefully of ghost bidders - people who bid with no intend to buy but to push the price up. Usually people from the auction
@kuhleqongqo7257
@kuhleqongqo7257 4 года назад
this is actually useful information. thanks
@nonhlemkhize9772
@nonhlemkhize9772 4 года назад
I've heard of that someone told me the bid kept increasing and she just couldn't keep up so she just stopped bidding jiki jiki she was awarded the car 🤔🤔🤔
@ramosedigivenmampuru2854
@ramosedigivenmampuru2854 4 года назад
@Timothy Mphuthi that's true!
@zamokuhlemncwabe2664
@zamokuhlemncwabe2664 4 года назад
Once saw a Polo Vivo being sold for more than 100k at an auction.. That's excluding the auction fees. 50% of the attendees at auction are ghost
@mojalefathobane7488
@mojalefathobane7488 4 года назад
@@zamokuhlemncwabe2664 Why are are they ghosting if they are not gonna buy though?
@asiphehendrick5544
@asiphehendrick5544 4 года назад
Hi Nicolette when you get time please do a video on rent to own and recommended places where one can actually get a car that is rent to own with pros and cons.
@siphokazinobandla_
@siphokazinobandla_ 4 года назад
Bought my 1st car at an auction in 2016,no problems still runs today. Do your research, take a mechanic if needed.. A car isn't necessarily an investment so theres no need to break the bank
@amandanyanhongo9488
@amandanyanhongo9488 4 года назад
Which auction did you buy it at?
@thulaganyotlhabi1632
@thulaganyotlhabi1632 4 года назад
And what car was it? I'm looking for a car and some light would help. Thank you
@vuyaniis9906
@vuyaniis9906 4 года назад
I pray I get this lucky! I don't want to pay the full price
@siphokazinobandla_
@siphokazinobandla_ 4 года назад
I bought at SMD the one in Boksburg... You go on the viewing days all the cars are there, pick the ones you would like to bid on. Register.. And better to go with someone who knows about cars or even a trusted mechanic..
@siphokazinobandla_
@siphokazinobandla_ 4 года назад
Check SMD webside, the cars are listed there as well.. Also you guys can check out other car Auction places ( nedbank has for repossessed cars, most of the dates are listed on the websites.)
@joeymo7841
@joeymo7841 4 года назад
Hi, At Aucor by Samrand you can just walk in and watch the auction which happens on Saturdays.
@begratefuleveryday5245
@begratefuleveryday5245 4 года назад
Clicked fast af cos I’m actually looking for a car!!!! Nicolette you are a God sent. 😘
@chantelleshango1929
@chantelleshango1929 4 года назад
hi Boitumelo, did you find one? and where? looking for a car as well
@begratefuleveryday5245
@begratefuleveryday5245 4 года назад
Dude I ended up going finance route, bought a TSI 2019 Auto. Its greeeeeeat 💃🏾💯💯💯
@kalagift2575
@kalagift2575 4 года назад
The finance route is there to make your life easier, the more you're willing to pay, the easier and quicker your things will move. So I guess you were in a hurry to buy or just didn't have the heart to do homework. Congratulations by the way 😊😉
@begratefuleveryday5245
@begratefuleveryday5245 4 года назад
Kala Gift i just really thought my insecurities about buying a used car, I mean I really dont know a lot about cars so I decided to buy a new one maybe the second car will be from an auction 💃🏾 but listen im loving this TSI guys. DSG gear 🔥
@willardpika9345
@willardpika9345 4 года назад
I just want to say thank you, thank you for all this knowledge that you share with us. I have become more financially savvy all because of you.
@paulinetseeke3314
@paulinetseeke3314 4 года назад
Financial education is a must-have...thank you for always coming through for us
@Kpd684
@Kpd684 4 года назад
Concise, Informative & Elaborative! 👌 Rea leboga Nicolette 🙇‍♂️ You went straight for polo drivers unprovoked!!😂😂🔥
@katlegophaladi1367
@katlegophaladi1367 4 года назад
Thank you Nicolette, a lot us will be emancipated from debts because of the wisdom you keep spreading. May the Lord bless you more
@wanderingcucamber7082
@wanderingcucamber7082 4 года назад
Thank you for this, I have been planning to go this route next year because I learnt a lot from my first voetstoots plus I know plenty of people who have purchased a vehicle from an auction.🤞
@TechWithShon
@TechWithShon 4 года назад
Thank You, May GOD continue to bless you. I'm love that you not bias or try to advocate for a brand.
@gr_techz6390
@gr_techz6390 4 года назад
I bought my Ford Focus at an auction for R17k including commission n vat n I only had to buy a battery for it n everything is perfect.
@begratefuleveryday5245
@begratefuleveryday5245 4 года назад
GR_ Techz bruh what? Where you buy it?
@gr_techz6390
@gr_techz6390 4 года назад
@@begratefuleveryday5245 😂😂 Pretoria, I know these things
@begratefuleveryday5245
@begratefuleveryday5245 4 года назад
GR_ Techz you do? Dude please help me 😭
@gr_techz6390
@gr_techz6390 4 года назад
@@begratefuleveryday5245 where you based?
@begratefuleveryday5245
@begratefuleveryday5245 4 года назад
GR_ Techz I work in PTA
@leratolove8846
@leratolove8846 4 года назад
You deserve way more subscribers. I can't believe we are getting this info for free. Thank you so much.
@nthabelengrantseuoa4508
@nthabelengrantseuoa4508 4 года назад
Was planning to buy at an auction next year. Thank you for this.
@muzie_ntshebe5388
@muzie_ntshebe5388 4 года назад
Wow, literally everything you just shared now i have learnt about it while i was doing my 2nd year "Commercial Law-General Principles of contract" you are so spot on Sis wam. Thank you so much, i didn't know that voestoots clause is applicable to auction. I''m sharing this clip! Stay blessed my sister we love you. 😍 💕
@nompumeleloprudencemtsweni7974
@nompumeleloprudencemtsweni7974 4 года назад
Wow thank you for this valuable info. I was planning to buy my car at the auction, I needed this info.
@ndapewa4514
@ndapewa4514 4 года назад
There is truth in your “I’m just joking” 😂🤔.... I appreciate you so much since Namibia financial dealing is not far from SA, and even exactly the same I some cases
@jamez1224
@jamez1224 3 года назад
Bought my car on auction in 2015. Till now 2021 it's never given me an engine problem. Still rolling.
@zoeyxoxo1482
@zoeyxoxo1482 3 года назад
Which auction did you buy from?
@jamez1224
@jamez1224 3 года назад
@@zoeyxoxo1482 SMD
@vuyaniis9906
@vuyaniis9906 4 года назад
Liked this so quick because I been looking for a brief regarding car buying at an auction. Thank colettd
@mogaumaroga3501
@mogaumaroga3501 4 года назад
To think I was literally just researching now. You read my mind, thank you ❤️
@carolorsmond8642
@carolorsmond8642 3 года назад
TY Very informative 🌝
@isaacphiri1949
@isaacphiri1949 3 года назад
This information is even relevant today..... Thanks Nkosazana.
@buhlemazibuko2656
@buhlemazibuko2656 4 года назад
Very insightful....I have never been to an auction nor do I know of any auction houses,,,Thank you for this video I am constantly learning in this channel
@sebolelofelicia
@sebolelofelicia 4 года назад
I had to like and comment and watch later. I know it's going to be valuable information 🤗
@danielngada8225
@danielngada8225 Год назад
Yooh! I wish you were my mentor. You delivered a very clear explanation of an auction process. Thank you so much. Amazing 👏
@dinhomilomo5321
@dinhomilomo5321 4 года назад
This is the kind of content I've been looking for😁🔥
@nellygumede5597
@nellygumede5597 2 года назад
I can not thank you enough for this video. Thank God my previous bit didn't go through. I will try again this time with knowledge
@nawanekhomo6190
@nawanekhomo6190 4 года назад
Yes people, a car is a mode of transportation most of the time so always remember the purpose of buying a car, you're buying it to get to work not for people to see you have made.
@marvinmm4325
@marvinmm4325 4 года назад
Nice video, I like all the videos of Nicolette were she speaks from her knowledge.. unlike video that are pre- rehearsed
@mogaletilly7415
@mogaletilly7415 4 года назад
Hey always looking forward to u video am inspired so far .
@nonkululekodlamini8594
@nonkululekodlamini8594 4 года назад
Thank you. I was actually planning on buying my second car at an auction next month and you brought some insights I hadn’t thought of ♥️
@vuyaniis9906
@vuyaniis9906 4 года назад
Hey Nonkululeko. Did you end up buying at the auction? How did it go? I'm looking to buy
@JBN011A
@JBN011A 4 года назад
useful info. thanks for informing us and keep up this info
@katlegomogapi563
@katlegomogapi563 4 года назад
Great video, will be sharing with some peeps
@msizimcanyana1414
@msizimcanyana1414 4 года назад
The registration fee is fully refundable if you’re unsuccessful. Roadworthy tests are at the buyers costs and they need to arrange such
@abongilesibhoko539
@abongilesibhoko539 4 года назад
My fave❤thankyou for the information it's always worth it
@sanelisomavuka578
@sanelisomavuka578 4 года назад
This is a much needed video 🙌🏽
@TechnicalD499
@TechnicalD499 2 года назад
Informative and entertaining, love your energy 👌
@vuyisasongca4761
@vuyisasongca4761 4 года назад
Thank you for covering this topic
@philanix6377
@philanix6377 4 года назад
Thank you for your advise Nicolette
@bongiepeter7227
@bongiepeter7227 4 года назад
Thank u, I will buy my first car at an Auction. Something to travel from & to work😝
@malig7982
@malig7982 4 года назад
If you have intention to buy, have a good mechanic with you. I bought a car at the auction last year and it was being sold as a runner. On the day of collection I realized that the car has had a problem, but I was like "this is a minor problem I'll take it to panel beaters" Long story short, took it for panel beating and guess what I ended up paying more than 50grand just to fix it but again it still has some other problems. When I bought the car it had less than 1000km in it.
@pushstartpodcastwithandile6997
@pushstartpodcastwithandile6997 4 года назад
Great tips. Young professionals can definitely benefit from this.
@governmentxx1896
@governmentxx1896 2 года назад
Thank you so much for the overall information🌺🌺
@NolwaziM
@NolwaziM 4 года назад
A friend bought a “quantum” at an auction only to find that it’s actually a panel van and can’t be used as public transport which is what he had intended to use it for
@khuthadzothovhakale1246
@khuthadzothovhakale1246 4 года назад
I have been checking out auction site a lot... Thank you for this nicollet❤️
@vuyaniis9906
@vuyaniis9906 4 года назад
Me last night!! My top1 car was there at some really good mileage 🙆🏽‍♀️
@benedictamaponya9999
@benedictamaponya9999 3 года назад
Hey Which auction site are you checking out?
@SprayandPray_Nub
@SprayandPray_Nub 4 года назад
As always meaning information when we need it as if you can read our minds🙌🙌🙌
@matumelomoagi4342
@matumelomoagi4342 4 года назад
Hi Nicolette cn u pls kindly do a video abt pros & cons of buying vs leasing a car.
@nonations7420
@nonations7420 4 года назад
Thank you very much for this highly informative video. Where have you been all my life... Hawe Jesu weMa! Instead of focusing on the advice I'm busy getting lost in your eyes... 😊... I had to draw a map in order to find my way to finishing the video.
@suemoganedi9354
@suemoganedi9354 4 года назад
Good information. Before you buy anything, ask yourself these three questions; Do you want it? Do you need it? Do you have to have it? I bought my cars at the auction
@namecantbeblank6731
@namecantbeblank6731 4 года назад
Oh nice would like someone to guide me through this process of buying from the auction, would you please assist.
@khotsolepota9180
@khotsolepota9180 4 года назад
how did you pay for it? cash or loan?
@vuyaniis9906
@vuyaniis9906 4 года назад
Hey which auction house did you buy from and for how long have you had the car? What did you do on viewing day.
@betterdays642
@betterdays642 4 года назад
Cars are just babies who really stress the heck out of us whenever they need some maintenance. I'm so glad we can choose which "baby" to buy and they don't just show. I love them so much though! They should keep coming my way coz I can do general service my self so the bill is lowerrrrrrrr
@bulauzy1
@bulauzy1 4 года назад
Information I've always needed
@ronaldhlakudi6570
@ronaldhlakudi6570 4 года назад
Thank you for this information.
@sibongilewendymoeketsi6777
@sibongilewendymoeketsi6777 4 года назад
I aspire to be you❤❤Thank you for educating us
@bongiwemapoma4630
@bongiwemapoma4630 Год назад
I enjoyed this video... 😊 informative & still entertained
@betterdays642
@betterdays642 4 года назад
Daaaaaaamn! I like your new hairstyle!!! Sweet 21!
@nompumelelondlovu2859
@nompumelelondlovu2859 4 года назад
nicollete you are a boss hey, you are the illest. thank you so much. this video was clarity to me. i have been going to auctions and i was seeking validation but this is it.
@justanmpowereddude5021
@justanmpowereddude5021 2 года назад
I dunno who this lady is, but she is actually spot on. Love it!
@jabunhlapho2572
@jabunhlapho2572 4 года назад
very informative especially for me as im working on starting my own business of buying and selling cars
@agriculture_and_young
@agriculture_and_young 4 года назад
Hi Nicolette, I hope you’re well. I would like to ask; •Is it possible for a bank e.g wesbank to finance a car that you buy at an auction? • Let’s say you buy a second hand car from a dealership, you paying the car via installments (the car is R200 000) and you’re paying for insurance, it still under warranty. After driving the car for few 2months a problem arises, engine related, when you take it to workshop for repairs they say its going to cost (R170 000) to fix the problem and the insurance doesn’t want to pay they say the issue was caused by your negligence. 1. What can you do? 2. Can you take the car back to the dealership before you can fix it? 3. Is it possible for such a problem to cost almost the same as the car price? 4. How can ombudsman help in this case? 5. According to Consumer Protection Act can you take the car back to the dealership and demand your refund if the 60days hasn’t passed? I’m asking lot of staff please bare with me
@vjchabane9795
@vjchabane9795 3 года назад
The extra costs factor is very helpful
@bonganidavidbaloyi8497
@bonganidavidbaloyi8497 4 года назад
Hi Nicollet Your videos are so informative, for the purpose of attention (items of the eyes) when using one camera I suggest - not having your so close to the screen, I see straight into your eyelashes - add graphics e.g. highlight of the things you talking about - it's some how watching a face straight in front of you for 11mins. Also consider it for Smart TV RU-vid Viewing
@thulidagracedndlovu4826
@thulidagracedndlovu4826 4 года назад
😅😅😅😅that of polo ,🙆gal it got me big, mara why vele😅😅😅, thank you Nicollet 😍
@FinancialBunny
@FinancialBunny 4 года назад
Lol cause nithanda ama Polo
@Teacherpetunia
@Teacherpetunia 4 года назад
Nicolete, you're the best!
@khotsolepota9180
@khotsolepota9180 4 года назад
I heard a rumor that rich people(Companies) go to Auctions first before everything is auctioned for the public and they buy them first at the cheapest price with great conditions. The day of Auction when normal people go to auction they get rejected things even though they look like a bargain.
@FinancialBunny
@FinancialBunny 4 года назад
I wouldn’t put this past people with money
@shirleyways5568
@shirleyways5568 4 года назад
😂😂😂😂 Yes sometimes you are buying someone’s tears at an auction. Informative video as always. Thank you 🙏
@FinancialBunny
@FinancialBunny 4 года назад
🙏🏾🙏🏾🙏🏾
@kalagift2575
@kalagift2575 4 года назад
I think 90% if not 💯 of the time, it definitely is someone's tears. 🤣🤣😂
@DJLuTonik
@DJLuTonik Год назад
You are very well-spoken
@2lasizwe
@2lasizwe 4 года назад
Please share links of credible auctions if you know any. Valuable information, thanks.
@sinothi
@sinothi 2 года назад
People who dislike this channel are probably the first listen to the gems dropped here and benefit from the channel. But they do not want other people to benefit from this wisdom.
@chon.nk.7550
@chon.nk.7550 4 года назад
A car is not an investment if you only use it to take you from *point A to point B.* Auctions are good if you wanna safe cost and out 🆙 the car to help make you money. Now that's *investmt/asset* but be sure to know everything about the car.
@toptenplatform
@toptenplatform 4 года назад
A car is also an investment if it just takes you from point A to point B, because taking you to point A to point B can be generating you money as well.
@matomedjmalatsi9260
@matomedjmalatsi9260 3 года назад
😂😂u not giving these polo guys a break neh
@siyandamadlala1429
@siyandamadlala1429 4 года назад
Thanks for this. My 2020 plan is to buy 2015 Jetta TDi or 2016 Polo TDi sedan from an auction. My budget is R100 000. After watching this video I feel like my 100k is more than enough.
@fxgas012
@fxgas012 11 месяцев назад
Hey Siya. I'm interested in knowing how this went?
@fxgas012
@fxgas012 11 месяцев назад
Was your budget sufficient? Any problems with the car? Did you get the car you were looking for?
@vuyokazinocuze7603
@vuyokazinocuze7603 4 года назад
Thank you ❤💕
@tomtumwebaze9770
@tomtumwebaze9770 4 года назад
Nicolette, please tell me about how to buy a used car from SA and shipping it to Uganda, what processes do I go through?
@kennethnemag6935
@kennethnemag6935 3 года назад
I'm sorry but i really like the energy put into the video
@thabangmamashila34
@thabangmamashila34 4 года назад
Hi Nicolette, I really am interested in selling my written off car. Initially I thought you would explain how much did the couple get for their written off car , Before acquiring a new car from the auction. Thanks for this though. I will research
@Angel-cq9if
@Angel-cq9if Год назад
Hey Nicolette can you please make a video on the mileage and KM of the car are those km remaining Some of us will be the first one's to buy a car in our homes so we are not familiar with those things Thank you so much for your content
@motheolebelo
@motheolebelo 4 года назад
Good useful video.
@zwelethumhlongo7527
@zwelethumhlongo7527 4 года назад
You make so much sense
@frankgumede4545
@frankgumede4545 4 года назад
Thank you.
@hugepackage213
@hugepackage213 4 года назад
What's the name of that app to use so I find the actual value of a car?
@fabricemwandopaul1740
@fabricemwandopaul1740 2 года назад
😂😂😂😂 i like this video because you have really made me happy
@mphoramudzwagi7292
@mphoramudzwagi7292 4 года назад
EY THE POLO GUYS LOL, why did you go to the auction heeehhh
@sanelemnomiya3236
@sanelemnomiya3236 4 года назад
The way you say Carh!
@nonhlemkhize9772
@nonhlemkhize9772 4 года назад
Nicolette can you please advise my cousin on what to do.She paid a R5000 deposit for an accident damaged car which she intended to buy then she did her research than decided it wasn't a good deal.She told them she wanted to cancel but was told the car is already being fixed so she will get her deposit once someone buys the car.When the car was bought they kept telling her she will get the money but ended up being told she will not get it.She paid the money into the company's account she has proof of the payment which now the owner denies receiving.The Ombudsman was not able to help her😥😥😥😥
@zukozenani877
@zukozenani877 4 года назад
I’m here already 💓💓
@malusizimase4335
@malusizimase4335 4 года назад
Good information ✈️✈️✈️
@boikanyomotheogane7790
@boikanyomotheogane7790 2 года назад
Hi Nicolette, haha watching this video for the 3rd time now. im just curious, if i want to go into buying cars at the auction and selling them, do i need to register a business immediately or can i buy and sell, also what happens with tax and all that? your response will be highly appreciated.
@Zukileable
@Zukileable 3 года назад
How much is their commission, is it a % or a fixed amount?
@relebohiletjamela2632
@relebohiletjamela2632 4 года назад
Love the content please improve the audio quality... There is an echo...
@DuduNdawo
@DuduNdawo 4 года назад
thank u for the info :-)
@yolandakakomwe2737
@yolandakakomwe2737 4 года назад
wow thank you nicollete
@bonganimaqabuka4736
@bonganimaqabuka4736 4 года назад
Great work you r doing my beautiful Sister, give financial education to our folks, especially us previously excluded by the Capitalist parasitic system which always want to prey on our brothers and sisters! Great Work... keep up.
@munnahosen8567
@munnahosen8567 2 года назад
thanks mam,i want to know ,what is the prosses of diposite money for auction
@davidrapolokoane6754
@davidrapolokoane6754 4 года назад
where can we check the book value of the car again? preferably a website..
@FinancialBunny
@FinancialBunny 4 года назад
Autotrader
@nompumelelondlovu2859
@nompumelelondlovu2859 4 года назад
true car dealerships buy cars there. its insane
@tora6548
@tora6548 4 года назад
I've been to car auctions and yes, it's crazy how polo's and BMW bids go at retail price. The bidding competition is just senseless on those cars.
@wadestoffels5670
@wadestoffels5670 4 года назад
I downloaded an app that belongs to one off these auction houses and you can view past sales and upcoming lots to be sold
@lazarusthubakgale4486
@lazarusthubakgale4486 4 года назад
Can you please share the name of the app
@wadestoffels5670
@wadestoffels5670 4 года назад
@@lazarusthubakgale4486 Aucorlive
@dafida4868
@dafida4868 4 года назад
You're 100% correct. Buying a car at the action is a risk. I once did that and regret.
@leratomokwena6000
@leratomokwena6000 4 года назад
What happened? if you dont mind sharing?
@Phumlanetube
@Phumlanetube 4 года назад
Smart woman.
@dala220
@dala220 4 года назад
How do you spot a legit auction house?
@dio_t3rd
@dio_t3rd Год назад
Hii, off topic with this video/on topic with what your brand is about, can you pls make a video on what ABSA advantage(ABSA rewards) is all about and what are some of the things you'll be required to do, i wanted to participate in it mara when I did research on it, I could hardly find info about what will be required for me to do to earn the rewards
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