Online Car Auction Bidding Guide: Preliminary vs Live Bidding

Online vehicle auctions let you bid on cars from anywhere using a computer or smartphone, eliminating the need to attend physical auctions. Here's how the bidding process works:

Preliminary Bidding:

• Starts when auction gets a sale date
• Ends one hour before live auction begins
• Set your maximum bid amount
• Automatic bidding system works on your behalf
• Highest preliminary bid becomes live auction starting price
• Convenient for those who can't attend live auction

Live Auction Bidding:

• Real-time virtual bidding experience
• Requires active participation during auction
• Manual control over bid increases
• Fast-paced environment
• Bidding ends when timer expires
• More dynamic and engaging process

Benefits of Online Auctions:

• Bid from any location
• Access to nationwide vehicle inventory
• Time-saving compared to physical auctions
• Flexible bidding options (preliminary or live)
• Potential for better deals

Tips for Success:

• Research vehicles thoroughly before bidding
• Set a firm maximum budget
• Understand all fees and charges
• Consider using preliminary bidding if unable to attend live auction
• Stay focused during live bidding sessions

Whether choosing preliminary or live bidding, online car auctions offer convenient access to a wide selection of vehicles. Success depends on careful preparation, clear budget limits, and understanding the bidding process.

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