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