When it comes to buying a car through online auto auctions, prospective buyers often have a lot of questions regarding the bidding process and other terms. These questions revolve around membership policies, vehicle information, payment terms, and shipment. Salvage cars for sale usually represent a beneficial proposition for buyers; however, many buyers change their minds as they do not find satisfactory answers to their questions. Therefore, to help clear the smokescreen, this blog discusses four most commonly asked questions about salvage title auto auctions. Let’s get started.
1. Do I receive the refund if I cancel my membership?
“Yes” Security Deposits are refundable. If members choose to withdraw their bids without any outstanding arrears, they can receive their membership fees by cheque deposits if they are domestic members. If they are international members, refunds are made through wire transfer. However, once the prospective bidder withdraws their candidature, they will not be allowed to place any bid on auctioned vehicles.
2. How do I pay my security deposit?
There are easy options to pay for your security deposit. You can use credit and debit cards, or a bank wire transfer. Trusted online auctions like Autobidmaster.com ensure that your security deposit paid through bank wire transfer is registered to your security account and your information is secured with top encryption.
3. What’s the maximum period I have to ship my car from the auction?
Several public car auctions allow sold vehicles on their auction lots for a period of seven days from the date of sales. If the car overstays, the owner will be charged around $20 per day, and all risks are shouldered by the car owner. Other auction sites may charge different amounts and you must talk to them to ascertain the correct figures if you feel your car might overstay.
4. How do I arrange shipping?
With reputed car auctions such as Autobidmaster, customers can utilize a Shipping Calculator or the My Account platform provided by on auction website to get a quick quote and order shipping on the same platform. Autobimaster.com plays the role of a facilitator, assisting you get your vehicle shipment to any port.
The Bottom Line
It is imperative that customers conduct research into all vehicle option in which they have an interest. Such preparation allows you to bid carefully and appropriately. Look up the Vehicle’s VIN and take time to assess the vehicle with the help of a professional mechanic. For more information feel free to reach us at +1 (503) 298-4300, Monday – Friday (6am – 4pm PDT). Alternatively, fill out our contact form and we’ll get back to you, shortly.