FirstRand Bank Auctions

FirstRand Bank Auctions

How Auctions Work

Are you a first-time bidder? No problem, our auction guide has all the info you need. Follow these steps and your auction experience will be simple and enjoyable.

Before the auction

•  Check the online catalogue
•  Set your budget
•  Inspect the cars
•  Have FICA & KYC docs ready
•  R5000 refundable deposit

At the auction

•  Register as a buyer
•  Bid on your choice of cars
•  Remember: sales are with no duty to repair

After the auction

Sold to you!

Make payment for your bid + VAT via:

•  Electronic Funds Transfer
•  Bank guaranteed cheque
•  Release note from a reputable financial institution