How to buy a car with Auction Export? Place a BID option

21 Sep

One of the most popular options for buying a car with Auction Export is the Bid option. So, let’s look a little bit closer at the benefits it can offer you as our registered customer.

THE BID OPTION provides you with an opportunity to make pre-bidding, which means that Auction Export collects pre-bids from its customers before the particular auction starts and then the company represents you during the real bidding. This option is very convenient to many of our clients, who are busy at the time of real auction. In addition, to choose this option you should place only a minimum amount of deposit, which is 400$ or 10% of car cost if it’s more than 4000$. Placing your bidding, you indicate the maximum amount of your bid, but your Auction Export representative will increase your bid continuously depending on the bidding process. Therefore, you can potentially win the vehicle for less than your maximum bid, assuming that it is greater than any other bids and seller reserve price is met.

If your bid is the highest bid of the live sale and meets the seller reserve then you are the winner. Please be aware that another auction participant may outbid you. You will be notified about the results of the auction after it finishes. So using this option you cannot influence on real-time bidding process, but your money will be saved if someone outbids you. Please note, that the amount of your deposit will stay at the same amount for you to use for bidding/buy now for as many times as it takes for you to become the highest bidder. Nothing will be charged off in a case you don’t get a car, since the deposit can be used only towards the successful purchase or get refunded from your AuctionExport account.

Summarizing all the above, please take the following into account:

* The bid option allows you to make pre-bidding for the car you desired and go about your own business during the real auction.

* You should place only a minimum deposit, which is 400$ or 10% of car cost if it’s more than 4000$.

* You can potentially win the vehicle for less than your maximum bid.

* In case of outbidding you money will be saved for another bidding, no Auction Export fees are applied until you make a successful purchase.

Have winning purchases with Auction Export!