How long does the seller have to reject a bid?

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The auction typically takes 24 to 48 business hours to make a decision on whether to accept or reject a bid. This timeframe allows the seller to thoroughly review each offer before making a final determination.

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Why would a bid be rejected in a car auction?

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In various car auction scenarios, sellers might choose to reject bids, especially if they foresee a possibility of obtaining a higher price by relisting the vehicle later. This approach is a common strategy aimed at maximizing profits in the dynamic and competitive world of car auctions.

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If I bid $200 and it says $4000 Buy it Now but no one bids higher than my $200. Do I win the auction for that price?

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You have to be realistic with your bid. If there is a buy now of $4000 on a specific vehicle more than likely that’s the price the seller is looking for. Please keep in mind, the seller has the right to reject any bid if that’s not what they are looking for or cannot negotiate. Please also keep in mind, that if you bid high and it sells for less, you will get it for less. Read more

Can an Auction be cancelled if the Final Bid is low?

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The auction has the right to cancel, reschedule or reject bids. If auction bid has been cancelled, more than likely this item had a reserve price on it. If you have an inventory number you are questioning, we can take a look at it and see if we can give you more information on it. Read more