“Great Buy”: Motorist Pays R37k for VW Polo at Auction, Intrigues Mzansi

• A TikTokker showed the internet that a Volkswagen Polo was sold at an auction for R37,000
• The man who filmed the bidding shared that it took place in Sandton, although similar auctions occur across the country
• Some social media users could not believe the price the motorist paid for the vehicle, while others thought it was a good purchase
• Briefly News spoke to financial expert Fulufhelani Mashapha on how buying a vehicle for a low price

One person struck gold when they paid less than R40,000 for a popular Volkswagen model during an auction.

Taking to TikTok, @sthe0051, who often posts videos of cars being sold at an affordable price, shared one that caught the attention of over two million online users. Attending a Bidvest Burchmore's auction, the man captured the moment when the company sold a stunning white Polo.

While the venue was packed with hopeful buyers and those interested in the vehicles on display, the auctioneer knocked the gavel on the block when an unknown motorist bid R37,000 on the car, which usually retails between R350,000 and R550,000.

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Briefly News spoke to financial expert Fulufhelani Mashapha about how purchasing a vehicle at a low price (R37,000) can affect the overall cost of ownership, including maintenance and insurance. She explained:

"Buying a vehicle at a low price, such as R37 000, can reduce upfront costs but may increase overall ownership expenses if the car requires frequent repairs or has high maintenance needs. Older or auctioned vehicles might come with hidden issues, leading to higher long-term repair costs."

Watch the video below:

How do you bid for a car?

According to Bidvest Burchmores, if you have no experience bidding, it is best to attend the auction as an observer to familiarise yourself with the process. When you bid, you are required to raise your hand when the auctioneer indicates a price for the vehicle.

Bidvest Burchmores also states that an R8,000 registration fee is deducted from the price of the vehicle that you purchased at the auction. However, if unsuccessful, the company will refund the participant.

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VW Polo price intrigues netizens

The viral video piqued the interest of many social media users, who took to the comment section to ask @sthe0051 for more information about the auction. The man shared that the auction occurred in Woodmead, Sandton, but similar venues are available in other parts of the country.

@nellymakola shared in the comments:

"Auctions must be part of the subjects at school so that once we start working, we know that we belong there too."

@thevillagepope told the online community of her experience purchasing a vehicle in this manner:

"I got my car at an auction, and it was the best financial decision I made."

A surprised @momuks6 wrote:

"This is not possible. Not at these prices."

@thembi_012, on the other hand, felt differently about the above TikTokker's opinion and commented:

"Great buy!"

Tips for first-time car auction buyers

If you're thinking about buying a car at an auction in South Africa, there are a few important things to keep in mind. First, most cars are sold “voetstoots,” in other words, as is, with no warranty. That means you are responsible for any problems once the car is yours, so it is wise to inspect the car carefully or bring a mechanic with you.

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Also, auctions often add extra costs like buyer’s commission, VAT, and admin fees, which can push up the final price. Factor those in when budgeting. Payment is usually expected on the same day, and most auctions don’t allow vehicle financing. You will need to pay via EFT, bank cheque, or cash. Lastly, do your homework. Check the car’s book value, history, and whether it has any outstanding finance or issues.

There are several popular and trusted places to buy cars at auctions in South Africa. WesBank Auction Centre, based in Johannesburg, is known for quality vehicles and transparent processes. Burchmores, as shown in the clip, operates in multiple cities and is popular for bank-repossessed vehicles. SMD (Salvage Management and Disposals) offers online and physical auctions for accident-damaged and repossessed cars. Auction Nation and Aucor also have a strong presence with regular public auctions. These places allow buyers to view listings online, attend preview days, and bid in person or digitally.

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Hyundai Tucson sold for R120k at Jozi car auction

Briefly News reported about a similar article in which a video provided a glimpse into a car auction in Johannesburg, where a Hyundai Tucson was sold for R120,000.

Curious viewers weren't shy to ask questions. From inquiries about upcoming physical auctions to questions about how to participate in online bidding, the comment section was buzzing with potential buyers.

Updated by Hilary Sekgota, Human Interest HOD at Briefly News.

Proofreading by Kelly Lippke, copy editor at Briefly.co.za.

Source: Briefly News