When I Set a Proxy Bid, Will it Bid in Increments?

Incremental bidding

We understand that everyone would like to win, but only if the price is right. It is a best practice to bid the highest amount that you are willing to pay because you may get the car for less. As the auction proceeds, we compare your bid to those of other bidders. When you’re outbid, Auction Simplified bids on your behalf up to your proxy bid. We increase your bid in increments set by our software only as much as necessary to maintain your position as highest bidder. This is called a Proxy bid or System bid.

If someone else bids a higher amount than your high bid, we will System bid up to your high bid then stop. If the other persons bid is higher you will be notified that you were outbid.

What happens when the auction ends?

When the Auction ends, you’ll receive an email letting you know whether you’ve won the car or not. We will also send you an list of instructions as to what to do next.

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Posted on: August 10, 2014