iHow the profit is worked out
The profit is based on the estimated trade value — what a dealer would pay — not the retail value.BIDThis profit is based on the current bid of R 18 000. Bidding will rise before the lot closes, and the profit will shrink with it.
| Retail valuemedian of 9 used Hyundai accent 1.6 2016–2018 at 41 620 km | R 183 769 |
| Trade value (estimated)87,5% of the retail value — what a dealer would pay for a car from 2017, the book trade-to-retail ratio of comparable auction lots. The profit is worked from this. | R 160 798 |
| − | Current bidStarting price at WesBank — it will rise before the lot closes, and the profit with it will shrink | R 18 000 |
| − | Buyer’s premium, fees & VATNo buyer’s premium + R 1 950 document & admin fees + R 2 992 VAT (15%) | R 4 942 |
| − | Licence, registration & roadworthyEstimated: licence and registration in your name, and a roadworthy test | R 2 000 |
| − | Repair estimateClaude, from 1 of 1 photos and the auction house’s notes · range R 16 500 – R 35 500 | R 26 100 |
| = | Profit at the estimated trade valueThe trade value less everything above — the price, fees, VAT and on-road costs and the repairs. Not the retail value: a dealer pays trade. | +R 109 756 |
+215% on the R 51 042 you put in (R 18 000 price + R 4 942 fees & VAT + R 2 000 licence & roadworthy + R 26 100 repairs).
The repairsLow confidence
| Repair | What it is based on | Range | Used |
|---|
| Hail damage: paintless dent repair or panel beat and respray of bonnet, roof and boot, plus other dented panels | Notes: hail damage, dents & scratches, spraywork. Photo 1 shows only the front: the bonnet looks dull and marked, and the front bumper has scuffs and a missing fog-lamp or tow-cap area. Hail damage on the roof and boot cannot be seen. | R 8 000 – R 16 000 | R 12 000 |
| Windscreen replace | Notes: windscreen cracked. The crack is not clearly visible in photo 1. | R 2 500 – R 4 500 | R 3 500 |
| Front bumper scuff repair and respray, including the small hole at the lower centre | Photo 1: scuffs and marks on the lower front bumper, with a small hole near the lower left | R 3 000 – R 5 000 | R 4 000 |
| Steering noise diagnosis and repair (rack, pump or column joint) | Notes: steering noise. The cause is unknown, so this covers diagnosis and a likely minor repair. | R 1 500 – R 6 000 | R 3 800 |
| Key damage: repair or replace the coded key | Notes: key damage | R 1 500 – R 4 000 | R 2 800 |
| Repair estimate | R 16 500 – R 35 500 | R 26 100 |
The car looks like a fairly clean white Accent from the front, but the notes list hail damage, spraywork, a cracked windscreen, steering noise and a damaged key. Only the front view was supplied, so the sides, roof, boot, interior and underbody are not visible and the hail damage extent is estimated from the notes.
Each repair’s “used” figure is the middle of its range. Fees, transport and licensing are in the box above, not here. An AI model’s reading of photos is not an inspection — view the car before you bid.