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30& Deposit and 70% settled on a monthly instalment plan
Get your first vehicle today
We offer flexible in-house financing to make your purchase simple and stress-free.
Buyers are required to pay a 30%–50% deposit upfront, with the remaining 50%–70% balance payable through a structured installment plan tailored to suit your budget.
Key Highlights:
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✔ Flexible installment payment options
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✔ 30%–50% initial deposit
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✔ 50%–70% balance spread over agreed installments
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✔ Fast and straightforward approval process
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✔ No complicated bank requirements
Please Note: A reservation fee is always required to secure the property. This ensures the unit is removed from the market while your payment process is being finalized.
Contact us today to learn more about our easy in-house financing solutions and secure your investment with confidence.
Basic Sense Auctioneers
How Our Buying Process Works
At Basic Sense Auctioneers, we make buying a bank-repossessed vehicle simple, secure, and transparent. Whether you are purchasing with cash or through our in-house finance option, our team will guide you through every step of the process.
Cash Purchase
Once you have selected your preferred vehicle, our sales team will confirm that it is still available. To secure the vehicle before it is offered to other buyers, a refundable reservation deposit is required.
Important: This reservation deposit is paid directly to the bank that repossessed the vehicle, not to Basic Sense Auctioneers. This provides an added level of security and transparency throughout the transaction.
After your reservation has been confirmed, the vehicle is removed from the active auction list and reserved exclusively in your name. You can then settle the remaining balance, after which the ownership documentation is completed and a collection or delivery appointment is arranged.
In-House Finance
If you prefer to finance your vehicle, simply choose the vehicle you wish to purchase and submit the required documents, including your ID, driver's licence, recent payslips, and bank statements.
Our finance team will assess your application and notify you of the outcome. Once approved, you will be required to pay the refundable reservation deposit directly to the bank that repossessed the vehicle. This secures the vehicle and prevents it from being sold to another buyer while your finance agreement is being finalised.
After all finance documents have been completed and the remaining requirements have been met, your vehicle will be prepared for collection or delivery.
Why Is a Reservation Deposit Required?
Bank-repossessed vehicles are in high demand and may attract multiple buyers. The reservation deposit ensures that the vehicle is secured exclusively for you and removed from the auction process while your purchase is being completed.
For your peace of mind, all reservation deposits are paid directly to the repossessing bank and are fully refundable in accordance with the applicable terms and conditions.
Our Commitment
At Basic Sense Auctioneers, we are committed to providing a professional, transparent, and secure buying experience. Our team is available to assist you throughout the entire process, ensuring you can purchase your vehicle with confidence.