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Buy at the car auction
About the car auction     Sell at the car auction         
   
 

How does "maximum bid" work?
"Maximum bid" is a feature of Autorola.com that ensures the best possible price for you in the bidding process. Autorola.com automatically monitors your bids and ensures that you, as the highest bidder, get the car at a price equal to the second highest bid above the floor price plus $ 100. This is illustrated using the following example. A car is registered in the Autorola.com auction with a floor price of $ 75,000. This floor price cannot be seen on any bidding dealer´s screens.A dealer bids $ 73,000 for the car. In this case, the dealer's maximum bid is $ 73,000, and the highest bid shown on the screen is $ 73,000. The dealer will not get the car, as the floor price has not been reached.You now bid, not knowing the floor price, $ 78,000 for the car. Your maximum bid is thus $ 78,000 (what you are willing to pay for the car) however, at this time in the bidding process, the Autorola.com system records you as the highest bidder with a bid of $ 75,000, ensuring that you do not bid more than the floor price of $ 75,000. If no other bids are made, you purchase the car for $ 75,000.If a third dealer bids $ 77,000 for the car, which currently lists the high bid of $ 75,000, this dealer' maximum bid is recorded as $ 77,000, In this event, the Autorola.com system immediately bids up $ 100 over the last bid, on your behalf, giving you the highest of $ 77,050. If no further bids are made, you get the car for $ 77,050 and have saved $ 950 in relation to your maximum bid. Naturally bids will never be entered for you beyond your maximum bid.
   

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Weekdays 9:00AM-5:00PM (Central Time) | Telephone: +1 678 366 4639
E-mail: customercenter@autorola.com