![]() The first step is to enter some details about your car, including the VIN, photos, and a brief description of the car. Here’s how the website works if you’re selling your car: Step One: Submit information about your car ![]() You’re expected to pay for the vehicle in full, within a week of the auction closing. So, you’ll be able to finalize the details and logistics of the transaction. If you end up as the highest bidder, there are no refunds.Īfter the auction has closed, you’re provided with the seller’s contact information, and vice-versa. It’s important to note that bids are binding, so only bid if you fully intend to buy the car. If you don’t win the auction, the hold will be released at the auction’s end. If you win the bid, your card will be charged, and you’ll pay the seller directly for the car. Buyers pay a 4.5% buyer’s fee on top of the winning bid amount (there’s a minimum of $225 and a maximum of $4,500). Once you have bid on a vehicle, Cars & Bids places a hold on your credit card for the buyer’s fee. Step Three: BidĬontact the seller directly and place your bid. You may also want to arrange financing and the logistics of actually getting the vehicle. Make sure you check out the vehicle history report and feel free to ask the seller any questions you may have about the vehicle. ![]() Step Two: Prepare to bidīefore placing a bid, Cars & Bids recommends you perform your own due diligence, so make sure that you review the listing thoroughly. To place a bid, you’ll need to register with the website and to do that you will need your phone number and a valid credit card. You’ll find auctions on the home page, and you can filter them by things like “Ending Soon,” “Newly Listed,” and “No Reserve.” Visit the Cars & Bids website and search through the vehicles. If you’re looking to buy a used car on the website, here’s how it works: Step One: Find a vehicle and register on the site DeMuro has more than 4 million subscribers on his YouTube channel where he makes car-review videos. The site focuses on modern cars, so those from the 1980s to the 2020s.Ĭars & Bids was launched in 2020 by Doug DeMuro, an American author, columnist, writer, businessman, and YouTuber. You’ll need to interact with potential buyersĬars & Bids is an online auction website where you can bid on used cars and sell used cars.There’s no commission charged for sellers.Step One: Submit information about your car.Step One: Find a vehicle and register on the site.
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