Knowledge Base Tag: Auction Process
- Does winning a bid mean I’ve actually purchased the vehicle, or do you submit our highest bid at the auction?
- Why did I receive a notice that my bid was no longer the highest after RideSafely’s bidding ended?
- If I have the highest bid at the end and there’s no live bidding, do I automatically win?
- What does the bid amount include?
- How long does it take to get the results of a winning bid at an auction?
- If I have created a “watchlist” of several vehicles that will be auctioned live simultaneously, how can I find out the run numbers for each saved vehicle ahead of the actual start time for live bidding?
- What is the interval between pre-bid and live auction?
- What time zone are auctions held in?
- Is this a true proxy bid system, or do I need to keep pressing the bid button once the vehicle goes live?
- How do you participate in a live auction after bidding on a vehicle?
- How can a seller decline a “Buy It Now” payment?
- Can I inspect the vehicle before the auction begins?
- Do I need to put a deposit on a “Buy It Now” vehicle?
- Why do some cars have a “Buy Now” option and others do not?
- How long will it take for my bid to be approved?
- If I bid $100 and no one else bids, do I get it for $100, or does the seller have to approve the bid?
- Do you guarantee the estimated pre-sale price for salvage?
- Has RideSafely’s bidding concluded?
- Bidding Limit – How do I establish it?
- Do all cars have a hidden reserve? I could be the highest bidder and still not win.
- Why was my highest bid not approved?
- When does the auction take place after preliminary bidding has closed?
- Is the preliminary bid or closed bid the final price, or is there more bidding involved?
- What does “Current Bid: Auction Preliminary Bid” mean?
- Does my prebid stay until auction time?
- How do I place bids online at an auction?
- What is the meaning of “Sold on Approval”?
- How does proxy bidding work?
- How do I start getting ready to bid?
- How is it that a car which was sold at auction while I was watching is now back up for auction again?