NEDBANK CARS AUCTION TOMORROW

MBABANE – Nedbank will auction motor vehicles this Friday.

The auction will be conducted by Auctioneer Melusi Qwabe at Afritool in Sidwashini past Interfreight and opposite World Vision.
Bidders will be presented with an opportunity to own SUV’s (Sport Utility Vehicles), a Toyota Quantum, bakkies and the trending Ford Ranger double cab as all vehicles on offer will be ready to go.

The auction starts at 10:30 am.
It should be mentioned that auctions where premium vehicles are sold at low reserve prices than what the retail market has to offer continue to gain interest among bidders.

This was evident at a recent Nedbank auction where competitive bids of motor vehicles on offer were escalated by more than 100 per cent from the reserve prices.
One such example where the nearly 20 people who attended the auction witnessed fierce competition was for the Kia Rio 1.2 MT with only 21 763 on the mileage clock whose hammer fell on E160 000 from a reserve price of E91 000 despite being one of the lowest buys at the auction.

Regardless of the highly contested bids for some motor vehicles, others, especially the pricey assets such as the Freightliner Argosy 14.0 Detroit Diesel was sold at its reserve price.
The horse truck was the most pricey item on offer with a reserve price of E800 000.

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