How Does AutoBids Work?

Seller financing is now available on AutoBids! You as the seller can offer financing to online car buyers. Additionally, buyers can apply for financing from their financial institutions. Financing a vehicle makes it easier for buyers to buy a car online. Take advantage of financing on AutoBids!

Seller financing is now available on AutoBids! Sellers can offer financing to online car buyers. Additionally, you can apply for financing from your financial institution. Financing a vehicle makes it easier for you to buy your next car on online auction. Take advantage of financing and look for the “Financing Available” label on select cars!

The Win-o-Meter is a helpful tool for buyers to know how close they are to winning the auction. The meter moves to the right hand side as the bid gets closer to your target price for the vehicle. Even if the meter is not in the “green” buyers still have a chance to win the auction and negotiate for the car! The win-o-meter is there to give the buyer an idea of how to proceed with their bidding.

The Win-o-Meter is a helpful tool for you to know how close you are to winning the auction. The meter moves to the right hand side as the bid gets closer to the seller’s target price for the vehicle. Even if the meter is not in the “green” you still have a chance to win the auction and negotiate for the car! The win-o-meter is there to give you an idea of how to proceed with your bids.

Proxy bid is a powerful tool that can help you sell your car on auction. The buyer can decide the maximum amount they are willing to bid and the amount they want to increase the bid by. This is an automated process for the buyer. You can check your bids on your profile to see whether the proxy bid is still active. Once the maximum price limit is reached, then the proxy bid will be shown as inactive. The automated bidding process will help you sell car easily!

Proxy bid is a powerful tool that can help you win the auction. You can decide the maximum amount you are willing to bid and the amount you want to increase the bid by. This is an automated process for you after you set your initial bid and how to increment it. You can check your bids on your profile to see whether the proxy bid is still active. Once the maximum price limit is reached, then the proxy bid will be shown as inactive. Use this tool to win cars on auction!

You can choose from 3 conditon labels when listing your car on AutoBids. You can choose to label the car as Green Light, As-Is, or Salvage. Green Light means that the engine, transmission, and the air conditioning system is in working condition. As-is means that the car is sold in the condition that it is seen and that the car is not covered by any warranty. Salvage labels mean that the car may or may not be in working condition and the car has suffered some significant damage, this is an amazing opportunity for mechanics or for anyone looking for car parts. You can use labels to successfully represent your vehicle!

The cars on AutoBids have 3 labels that are set by the seller. The seller can choose to label the car as Green Light, As-Is, or Salvage. Green Light means that the engine, transmission, and the air conditioning system is in working condition. As-is means that the car is sold in the condition that it is seen and that the car is not covered by any warranty. Salvage labels mean that the car may or may not be in working condition and the car has suffered some significant damage, this is an amazing opportunity for mechanics or for anyone looking for car parts. You can see the labels on every car auction page!

Even if the bids do not reach your target price, you still have a chance to sell your car. After the auction ends go to your profile under car listings, you can find the option to negotiate with the buyer. You can not reject the first offer from the buyer so you need to make a counter offer. Once you make a counter offer the buyer can either accept or make a counter offer. It is best to try to find a middle ground and make reasonable counter offers to ensure the vehicle is sold!

Now you can negotiate for a car you won on auction! Even if you do not reach the seller’s target price, you can still win the car. Once the auction is finished and you are the highest bidder, a new negotiations option will pop up under your profile. You can make offers to the seller to find a middle ground. The seller can’t decline the first offer, so they will need to send you a counter offer. Once you receive the counter offer you can decide to accept or make a counter offer. Remember to make reasonable offers for the vehicle so you have a higher chance of winning the auction!