How to Bid on an Open Bid Sale

In this video we will show you how to use Auction Simplified to buy cars with that are running under the Open Bid style. Open bid allows you to bid at any time during the bidding period.

You can bid three ways,

  • Small increments at a time with the quick bid feature,
  • Buy Me Now, (if offered) allows you to buy the car now and stop the auction
  • Proxy Bid, allows you to bid up to the highest amount you are willing to bid. The Auction Simplified software places bids on your behalf using the system bid increment amount, which is based on the current high bid. We only bid only as much as necessary to make sure that you remain the high bidder, or to meet the reserve price, up to your maximum amount. More on proxy bidding You Should bid the max proxy bid amount you want to win the car to prevent other bidders from taking it at the last minute.

Bidding on open bid sales is really simple. Simply go to the car you would like to buy, read the description thoroughly and once you are sure you would like to bid, simply type in your bid and acknowledge the bid.

Watch this short  video which will show you in detail.

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Posted on: September 18, 2014