Knowledge Base Tag: Auction Process
- Do you notify by email if the bid is accepted?
- How soon are auction results available?
- Do I need to accept the Deposit and Purchase Order Agreements before submitting my offer?
- What does “Sold on Approval” mean?
- What happens to a car if it does not sell at auction?
- Can I attend and bid at a live auction?
- Does the highest bidder always win?
- Does winning a bid mean I’ve actually purchased the vehicle, or do you submit our highest bid at the auction?
- 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?
- 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 can a seller decline a “Buy It Now” payment?
- Why do some cars have a “Buy Now” option and others do not?
