How it Works
How DealerAuction works
for buyers.
how-it-works-for-buyers
01
Register to Bid
Register to Bid

To place a bid, you’ll need to create an account using a valid email address, phone number, and credit card.

Why do we require a credit card hold?

Before you bid, a temporary authorization hold is placed on your card. This is not a charge — it simply verifies funds and confirms your commitment to complete the purchase if you win. This ensures a fair and serious bidding environment for all participants.

02
Research Vehicles
Reasearch Vehicles

We work hard to make online car buying smooth, transparent, and secure — but it’s important for you to review each listing carefully.

Before bidding, make sure to:

  • Review known vehicle details or imperfections
  • Check the vehicle history report
  • Examine photos and inspection reports (when available)
  • Use Seller Q&A, comments, or Contact Seller to ask questions

Your bid is binding, so confirm that the vehicle meets your expectations.

03
Place Your Bid
Place Your Bid

Bidding on DealerAuction is clear and secure.

When you replace a bid, a temporary hold fee is placed on your card.

If you win, the fee is charged and the hold converts to payment. If you don’t win, it is released automatically.

Auction Fairness Rules:

  • All bids are binding.
  • Any bid placed during the final 60 seconds extends the auction by one minute, ensuring everyone has a fair chance to respond.
04
Win the Auction
Win the Auction

Be the highest better and meet or exceed the reserve price set by the dealer.

To win an auction and purchase a vehicle, you must:

  • Be the highest bidder.
  • Meet or exceed the seller’s reserve price.

If the reserve isn’t met the highest bidder and seller have 24 hours after the auction ends to negotiate through our secure platform.

After the Auction both parties receive each other’s contact information to finalize:

  • Payment
  • Paperwork
  • Pickup or delivery

Winning bidders must complete payment within seven days of the auction’s close.

05
Finalize the Sale
Finalize the Sale

Because all vehicles come from licensed retail dealerships, you have options.

  • Trade-in your current car
  • Traditional dealership financing
  • Extended warranty options
  • Nationwide transportation (when available)
FAQ’s about how DealerAuction works.
A:

You simply type in the amount you want to bid. The bidding increment is:

  • $100 up to $25k.
  • $250 from $25k - $50k.
  • $500 from $50k to $100k.
  • $1000 for any amount over $100k.
A:
There is no Buy It Now price.
A:
You simply create an account by clicking on the sign up link at the top of the
A:
Go to your account page and click on notifications. You can set your preferences there.
A:
Absolutely! All our dealerships accept trade-ins.
free-bid-credit

Get Started

Get $495 in bid credits,
for early sign up!

Receive up to $495 in bid credits for early registration and by referring friends. Sign up today to secure your credits and start bidding when we launch.

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