Knowledge Base Tag: Auction Bidding

  1. What is the interval between pre-bid and live auction?
  2. Deposit – How does it work if I am not the auction winner?
  3. Where do I make a one-time payment for bidding, and how much does it cost?
  4. How does the pre-bid process work?
  5. What does “auction pre-bid price” mean?
  6. What time zone are auctions held in?
  7. Is the amount I bid the only amount I will owe if my bid wins?
  8. Is this a true proxy bid system, or do I need to keep pressing the bid button once the vehicle goes live?
  9. How do you participate in a live auction after bidding on a vehicle?
  10. Can Texas residents bid on cars in Texas?
  11. How long will it take for my bid to be approved?
  12. If I bid $100 and no one else bids, do I get it for $100, or does the seller have to approve the bid?
  13. Why can’t I bid on some cars even though I have a deposit?
  14. Do you guarantee the estimated pre-sale price for salvage?
  15. How do I delete a bid?
  16. Can an auction be canceled if the final bid is low?
  17. What is the maximum total sale price?
  18. Has RideSafely’s bidding concluded?
  19. Bidding Limit – How do I establish it?
  20. Do all cars have a hidden reserve? I could be the highest bidder and still not win.
  21. Will the hold on my bidding limit be released after this car’s auction, or will it apply to other cars?
  22. When do preliminary bids need to be submitted to participate in the auction?
  23. How does bidding on multiple items work?
  24. Can I bid beyond my desired bid limit while the auction is in progress?
  25. When does the auction take place after preliminary bidding has closed?
  26. How do I place bids online at an auction?
  27. I was the leading bidder in a live auction (indicated by “Your BID” in green), but I didn’t win. Why not?
  28. How can I increase my bidding limit on a particular vehicle?
  29. How can I bid on a vehicle that says ‘vehicle might have hidden damages’?
  30. How do I start getting ready to bid?
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