Chennai, Jan 23: If you wish to pick up a used fancy car at a throwaway price, maybe it is time to travel to the Tamil Nadu capital for some bargain-hunting.
Thousands of cars, including marquee brands such as Mercedes Benz, BMW, Audi, Jaguar, Porsche and Bentley, are going under the hammer for as little as Rs 2 lakh. The only catch is these were “damaged” in the devastating December deluge in Chennai.
Classified by insurance firms as “damaged vehicles” beyond repairs, auctioneers are putting up for sale some 10,000 vehicles at cut-price rates. Auction site copart.in has lined up a motley mix of cars at Kora Truck Park on the Chennai-Bangalore highway that were salvaged from the floods.
The bargain price of these cars depends on their make, year of manufacturing and the extent of damage the floods have caused. An auctioneer said it is possible to get a high-end luxury model at 40% of the ex-showroom price. Bargain-hunters were thronging these auctions from far and wide with a firm faith in their mechanic or workshop to bring these almost-junks back to life.
