Bidvest Burchmores offers car auctions to the public, providing a platform for buying vehicles at wholesale prices. They have both live and online auctions, making it convenient for buyers to participate from anywhere. Their services include vehicle finance, auction stock alerts, vehicle evaluations for trade-ins, and a range of value-added products like comprehensive insurance and shortfall protection.
Where is Bidvest Burchmores located?
Bidvest Burchmores has branches in three major South African cities, each offering live auctions alongside online platforms:
Johannesburg:
Cnr M1 &, Pretoria Main Rd, Eastgate, Sandton, 2090
Phone: 0112589898
Durban:
121 Intersite Ave, Umgeni Business Park, Durban, 4001
Phone: 031 263 1800
Cape Town:
19 Freedom Way Marconi Beam, Montague Gardens, Cape Town, 7441
Phone: 021 525 2700
These branches provide a physical venue for inspections and live bidding, ensuring transparency and accessibility.
How do I register?
You can register in-person at a branch or online through their official website. Here’s the process:
- Create a Profile: Visit the registration page and select your bidding capacity (individual, company, or trust).
- Submit Documents: Upload certified copies of ID, proof of address, and any additional documents based on your registration type.
- Pay the Deposit: An R5,000 refundable deposit is required per vehicle, payable via EFT, credit, or debit card.
Once registered, your account will be reviewed, and you’ll receive approval to participate in upcoming auctions
What is needed to participate?
To join an auction, ensure you have:
- Identification Documents: Original or certified ID copies and Proof of Address.
- Deposit Funds: An R5,000 deposit per vehicle (refunded if no successful bid).
- Access to the Catalogue: Available online a day before the auction, it details the vehicles on offer.
- Understanding Auction Terms: Familiarise yourself with the process by attending an auction as a spectator
What is the auction process?
- Inspection: Visit a branch the day before the auction to inspect vehicles and start engines (test drives aren’t permitted).
- Bidding: Place bids in person during live auctions or through their online auction portal. Decide your budget beforehand.
- Payment: If successful, pay the balance within 24 hours via EFT. Note: cash payments are not accepted.
- Collection: After payment clearance, collect your vehicle from the branch. You may draft an Affidavit if want someone to pick up the vehicle on your behalf.
Can I Buy with Cash or Finance?
Cash Purchases
Bidvest Burchmores does not accept physical cash payments on-site for security and convenience reasons. However, you can make payments via:
- Electronic Funds Transfer (EFT): The funds must reflect in their account before the vehicle is released.
- Credit or Debit Card: Only for paying the registration deposit of R5,000, not the balance of the vehicle.
If you win an auction, ensure your payment is processed within the stipulated 24-hour period to secure your purchase
Financing
It’s advisable to secure pre-approval for vehicle financing before participating in an auction. This ensures you stay within your budget and avoid surprises during the payment stage
Methods of Bidding/Buying
Bidvest Burchmores offers two primary buying methods:
- Live Auctions: Held at their Johannesburg, Durban, and Cape Town branches. You can participate in person and follow the auctioneer’s guidance.
- Online Auctions: Accessible through their website, running from Monday to Tuesday or Thursday to Friday. Features like maximum bid setting and “Offers for Consideration” make online bidding user-friendly.
For more details, including live auction schedules and online platform access, visit Bidvest Burchmores. Whether you’re a first-time bidder or an experienced buyer, the platform ensures an efficient and secure purchasing experience.
Advantages of buying from Bidvest Burchmores
- Transparent Process: Vehicles undergo thorough checks to ensure they are free of debt or theft.
- Wide Selection: Access to a broad range of vehicles, from budget-friendly to luxury options.
- No Buyer’s Commission: You only pay the hammer price, admin fees, and VAT—no extra commission.
- Flexibility: Both online and in-person auctions cater to diverse preferences
We hope this guide was very informative. If you would like to buy a car on finance remember to get your pre-approval on time. To get started please check out Auction Finance