Nedbank repossessed cars for sale 2023 | Nedbank repossessed cars for sale 2023
How long before a car is repossessed in South Africa?
The process of repossession
This can take place 20 days after the first missed finance instalment. The letter of demand will typically give you a time period in which to pay the missed instalment. If payment is not made within the stated time period, a summons will be issued
This can take place 20 days after the first missed finance instalment. The letter of demand will typically give you a time period in which to pay the missed instalment. If payment is not made within the stated time period, a summons will be issued
How does buying a bank repossessed car work?
Bank repossessed cars are assets that a financial institution has taken back from a client who has failed to pay for it. This financial institution can then decide to either keep the vehicles for compensation or sell the cars to recuperate costs and does this via means of bank repossessed auctions
Visit nedbank.co.za/homeloans for their contact details.
nedbank contacts Through our contact centre on 0860 555 111. Our contact centre agents provide expert advice and assistance during each step of your application. We also offer a callback service.
