Public Auction for Used Passenger Cars from Customs Slated for November 5

The General Authority for Government Services, affiliated with the Ministry of Finance, is offering dozens of used passenger cars from customs sources in Port Said, Suez, Safaga, Aswan. Nuweiba in a major public auction. The auction will be held on Thursday, November 5 at 12 PM at the Sports Civilization Club Hall on Salah Salem Street, facing Ain El-Sira Traffic Department in Cairo. The Central Sales Administration is supervising the sale, which includes various lots of neglected and abandoned vehicles.

Which Cars Are on the Auction List?

The lineup is long and diverse. It includes the Mercedes E200, Hyundai Sonata, Kia Sedona, Hyundai Santa Fe, Mercedes CLK 350, Audi Q7, Suzuki Vitara, Jeep hatchback, Nissan Armada, Cadillac Escalade, Chrysler C300, Mercedes SL500, Volkswagen Beetle, Toyota Corolla, and Chevrolet Tahoe. Also up for bidding are the Bentley Continental, GMC Yukon, Daewoo Lacetti, Hyundai Tucson, Chevrolet Trax, Mini Cooper, Kia Forte, Renault SM3, Mercedes A200, Hyundai Avante, Hyundai Accent, and Kia K3. This wide selection gives buyers a chance to choose from popular brands like Hyundai, Kia. Toyota in the Egyptian market.

Participation Conditions and Auction Booklet

To participate, buyers must purchase the conditions and specifications booklet for EGP 400. It's available at the General Authority for Government Services headquarters in the Ministry of Finance towers, Ramses Street extension, Tower 2. The price includes stamp duty, value-added tax, and fees stipulated by Minister of Finance Decision No. 2 of 2019, implementing Law No. 16 of 2018 and Law No. 2000 of 2020. Bidders must pay a security deposit before the auction day, estimated at EGP 50,000, a mandatory step to compete for Mercedes, Audi, and Nissan models on offer.

Sale Mechanism and Payment After Winning Bid

The sale is commission-free, and inspection is the basis of the purchase. The winning bidder must pay 30% of the sale value immediately after the auction session ends and settle the remainder within 15 days. These terms give the buyer enough time to arrange financing but require quick decision-making after inspection. The auction is an opportunity for those seeking used Chevrolet or BMW models at prices that may be below market, especially with the mix of luxury and economy cars on the list.

Potential buyers should review the booklet carefully before auction day, as it details each car's condition and specifications. On-site inspection remains the most important step before bidding, since the purchase is made based on the inspected condition. The auction isn't just a bulk sale; it's a process that requires study and comparison among the available models.