Information for Bidders

After discovering a car that captures your interest, follow these steps to bid with confidence and, if fortune favors, emerge as the auction winner!

When you bid on an auction, you agree to:

  1. First add a valid credit card to your account.
  2. When you bid, we place a hold on your credit card for the buyer’s fee – if you win, your card will be charged and you will pay the seller directly for the vehicle, otherwise, the hold will be released at the auction’s end.
  3. Buyers pay a 4.5% commission, with a minimum of $500 and a maximum of $4,500 — far below other auction houses and enthusiast car auction websites.
  4. Conduct proper research. Although we have taken measures to facilitate a secure and convenient online car buying experience, it is ultimately your responsibility to conduct thorough research and ensure that the vehicle you are considering is suitable for your needs before placing a bid.
  5. If you plan to finance this purchase, work with your lender to get your financing approved ahead of time – and keep in mind that some lenders may require specific vehicle information and may have year and mileage restrictions. Here are three banks that I believe might provide financing options:
    https://www.lightstream.com
    https://www.jjbest.com
    https://www.premierfinancialservices.com
  6. Bids are binding, so only bid if you fully intend to purchase the car and you have performed the requisite due diligence, because you might end up as the high bidder and there are no refunds.
  7. Finalize the sale within 7 days after the auction ends, or the vehicle goes back up for auction.
  8. Payment & Documentation: If there’s an outstanding loan on the vehicle, the buyer and seller should discuss how it will be paid off and the specific next steps, so that the buyer can complete the transaction safely. If the seller has funds to pay it off, they should do so as soon as possible, and provide proof from the lender that it has been paid off. If the seller does not have the funds, the buyer may be able to pay the outstanding amount owed directly to the lender and then pay the remainder of the purchase price to the seller.