Information Questions
Frequently asked questions
What is a car auction and how does it work?
A car auction is an event where vehicles are sold to the highest bidder. Registered participants place bids on cars they are interested in, and the car is awarded to the person with the highest bid when the auction ends.
How can I register to participate in a car auction?
You can register online through the auction website or at the auction house. Registration usually requires personal details, proof of identity, and sometimes a refundable deposit.
Are there any fees or deposits required to bid on a car?
Yes, many auctions require a small registration fee or a refundable deposit to ensure only serious buyers participate. Some auctions may also charge a buyer’s premium on top of the winning bid.
How can I inspect a car before bidding?
Most auctions provide a preview period before the auction date. During this time, you can inspect the cars in person or request detailed photos and reports to check the vehicle’s condition.
What payment methods are accepted after winning a bid?
Payment methods vary by auction house. Typically, cash, bank transfer, or credit card payments are accepted. Some auctions may require full payment immediately or within a specified timeframe.