Difference between revisions of "Bidding/Buying process"
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| − | How and where do you place my bid / offer? | + | '''How and where do you place my bid / offer?'''<br> |
After you submit your bid / offer through the website, we will submit your bid on the auction, or we will submit your offer to the selling Insurance Company, Bank or selling dealer | After you submit your bid / offer through the website, we will submit your bid on the auction, or we will submit your offer to the selling Insurance Company, Bank or selling dealer | ||
| − | If I am the highest bidder at the indicated bidding end time, does that mean that I won the car? | + | '''If I am the highest bidder at the indicated bidding end time, does that mean that I won the car?'''<br> |
No, this means that you are the highest bidder on our website, and we will submit your bid. If the car is for sale by the auction, we will place your bid on this particular auction; however, there can be floor bidders and USA dealers that will bid on the same vehicle, and if any of them will put a higher bid than yours you will not win the car. However due to the expensive repair services in USA and Canada, foreign buyers tend to put higher bids than domestic USA / Canada car dealers. If the car is for sale by the Insurance Company, Bank, Salvage yard or a car dealer, we will submit your highest bid to the seller, and only if the seller approves your bid, you will win the car. This is why we advise you to place reasonable bids, not to waste our time and yours. | No, this means that you are the highest bidder on our website, and we will submit your bid. If the car is for sale by the auction, we will place your bid on this particular auction; however, there can be floor bidders and USA dealers that will bid on the same vehicle, and if any of them will put a higher bid than yours you will not win the car. However due to the expensive repair services in USA and Canada, foreign buyers tend to put higher bids than domestic USA / Canada car dealers. If the car is for sale by the Insurance Company, Bank, Salvage yard or a car dealer, we will submit your highest bid to the seller, and only if the seller approves your bid, you will win the car. This is why we advise you to place reasonable bids, not to waste our time and yours. | ||
| − | What is a “Buy Now”? | + | '''What is a “Buy Now”?'''<br> |
“Buy Now” cars are offered for sale with a fixed price and can be purchased right away. | “Buy Now” cars are offered for sale with a fixed price and can be purchased right away. | ||
| − | Can I offer lower price than “Buy Now” price? | + | '''Can I offer lower price than “Buy Now” price?'''<br> |
The "Buy Now" price is typically non-negotiable. However, sometimes you can get a 3% - 5% decrease in the price. Please contact us in regards to this and our team of experts will do everything possible to negotiate the best price for you. | The "Buy Now" price is typically non-negotiable. However, sometimes you can get a 3% - 5% decrease in the price. Please contact us in regards to this and our team of experts will do everything possible to negotiate the best price for you. | ||
| − | Are there any auction fees for “Buy Now” vehicles? | + | '''Are there any auction fees for “Buy Now” vehicles?'''<br> |
Yes. You would have to pay the auction fee for the “Buy Now” vehicle; however those fees tend to be much lower than for the live sale vehicles. | Yes. You would have to pay the auction fee for the “Buy Now” vehicle; however those fees tend to be much lower than for the live sale vehicles. | ||
| − | How would I know what is going to be an auction fee? | + | '''How would I know what is going to be an auction fee?'''<br> |
Auction fees vary by the auction and the selling price. Auction fees typically range from $200-$600 USD. For more information on auction fees, please refer to our “Auction fees” page. | Auction fees vary by the auction and the selling price. Auction fees typically range from $200-$600 USD. For more information on auction fees, please refer to our “Auction fees” page. | ||
| − | Can I negotiate auction fee? | + | '''Can I negotiate auction fee?'''<br> |
No, you can not negotiate the auction fees in any case. | No, you can not negotiate the auction fees in any case. | ||
| − | How can I cancel my bid or the “Buy Now”? | + | '''How can I cancel my bid or the “Buy Now”?'''<br> |
Please note that you can NOT cancel your bid once it was received, however In some cases if you submit your bid and auction does not start yet, you can still call our sales department and see if you can cancel the bid, if auction does not start yet, then your bid will be canceled. You can not cancel your “Buy Now” in any case. | Please note that you can NOT cancel your bid once it was received, however In some cases if you submit your bid and auction does not start yet, you can still call our sales department and see if you can cancel the bid, if auction does not start yet, then your bid will be canceled. You can not cancel your “Buy Now” in any case. | ||
| − | What is the average price? | + | '''What is the average price?'''<br> |
The average price for the vehicle is “an average price” of past auction sales of similar vehicles. This price gives you the idea on how much the car can sell for. | The average price for the vehicle is “an average price” of past auction sales of similar vehicles. This price gives you the idea on how much the car can sell for. | ||
| − | Will I lose my deposit if I don’t win the car? | + | '''Will I lose my deposit if I don’t win the car?'''<br> |
No. If you don’t win the car, deposit will stay on your account and you can use it for your next purchases | No. If you don’t win the car, deposit will stay on your account and you can use it for your next purchases | ||
Revision as of 04:37, 28 December 2016
How and where do you place my bid / offer?
After you submit your bid / offer through the website, we will submit your bid on the auction, or we will submit your offer to the selling Insurance Company, Bank or selling dealer
If I am the highest bidder at the indicated bidding end time, does that mean that I won the car?
No, this means that you are the highest bidder on our website, and we will submit your bid. If the car is for sale by the auction, we will place your bid on this particular auction; however, there can be floor bidders and USA dealers that will bid on the same vehicle, and if any of them will put a higher bid than yours you will not win the car. However due to the expensive repair services in USA and Canada, foreign buyers tend to put higher bids than domestic USA / Canada car dealers. If the car is for sale by the Insurance Company, Bank, Salvage yard or a car dealer, we will submit your highest bid to the seller, and only if the seller approves your bid, you will win the car. This is why we advise you to place reasonable bids, not to waste our time and yours.
What is a “Buy Now”?
“Buy Now” cars are offered for sale with a fixed price and can be purchased right away.
Can I offer lower price than “Buy Now” price?
The "Buy Now" price is typically non-negotiable. However, sometimes you can get a 3% - 5% decrease in the price. Please contact us in regards to this and our team of experts will do everything possible to negotiate the best price for you.
Are there any auction fees for “Buy Now” vehicles?
Yes. You would have to pay the auction fee for the “Buy Now” vehicle; however those fees tend to be much lower than for the live sale vehicles.
How would I know what is going to be an auction fee?
Auction fees vary by the auction and the selling price. Auction fees typically range from $200-$600 USD. For more information on auction fees, please refer to our “Auction fees” page.
Can I negotiate auction fee?
No, you can not negotiate the auction fees in any case.
How can I cancel my bid or the “Buy Now”?
Please note that you can NOT cancel your bid once it was received, however In some cases if you submit your bid and auction does not start yet, you can still call our sales department and see if you can cancel the bid, if auction does not start yet, then your bid will be canceled. You can not cancel your “Buy Now” in any case.
What is the average price?
The average price for the vehicle is “an average price” of past auction sales of similar vehicles. This price gives you the idea on how much the car can sell for.
Will I lose my deposit if I don’t win the car?
No. If you don’t win the car, deposit will stay on your account and you can use it for your next purchases
