Understanding The Difference Between Preliminary and Live Bidding

AutoBidMaster.com is an online salvaged car broker that on a daily basis gives thousands of people across the globe access to bid and purchase vehicles directly from Copart auctions. As one of Copart’s first registered brokers, AutoBidMaster is one of the biggest and most well-established brokers out there. When working with AutoBidMaster, there are multiple things that go into the process of purchasing a car from us that can get confusing for first-time buyers. In this blog post, we will be explaining the difference between preliminary and live bidding.

At AutoBidMaster.com you are able to place two different sorts of bids. A preliminary bid is the type of bid that a user places before live bidding starts on the lot. For example, if the auction on the lot you are interested in starts in 4 days, you could place your preliminary bid within those 4 days before the live bidding begins. When placing a preliminary bid via AutoBidMasters Bid4U system, it will automatically outbid any bids that are lower than your preliminary bid during the live bidding itself. Once someone outbids your initial preliminary bid, you lose the chance to win the lot, not unless you decide to take part in the live bidding as well.

If you do not wish to take part in preliminary bidding, you always have an option to purely take part in the live bidding. Live bidding is fairly self-explanatory, allowing you to take part in a live auction with other bidders on the lot that is of interest to you. The highest bidder wins the lot.

AutoBidMaster.com is a one-stop-shop for car enthusiasts worldwide to purchase an affordable salvaged car from the United States. If you have any more questions about us and our services, feel free to get in contact with our customer support team.

 

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AutoBidMaster members purchase auction vehicles without dealer’s licenses. All-inclusive support & global shipping make AutoBidMaster your one-stop shop.