Closed auction (Blind bidding)
The closed auction is the most commonly used auction type on CarCollect.
In a closed auction, other bidders cannot see your bid. You therefore do not know what the highest bid is. This gives every buyer a fair chance to purchase a vehicle.
Key features:
You cannot see the bids placed by other buyers.
You can place one or more bids that you consider appropriate.
After the auction ends, the seller decides whether to accept the highest bid.
With Bid indication, you receive an indication of how competitive your bid is without seeing the highest bid.
This auction type is widely used by dealer organisations, leasing companies and large fleet owners.
Buy-Now (Buy directly)
With Buy-Now, you do not have to wait until an auction ends.
The seller has set a fixed price at which the vehicle can be purchased immediately.
You have two options:
Buy the vehicle immediately at the Buy-Now price.
Place a bid on the vehicle.
Buy-Now vehicles are often available immediately and can therefore be processed quickly. This auction type is commonly used for stock vehicles.
General offering
Within the closed auctions, you will find the General category.
This category mainly contains trade vehicles from dealer organisations that often still need to be traded in by a private customer.
These vehicles are particularly useful if you are looking for a broad selection of used vehicles.
Remarketing
The Remarketing category consists of vehicles that are usually available immediately.
Here you may find:
Ex-lease vehicles.
Ex-rental vehicles.
Damaged vehicles.
Seized vehicles.
Because these vehicles are often available immediately, the handling process is generally fast.
Which auction type is right for you?
Auction type | When should you choose this? |
Buy-Now | When you want to buy or sell a vehicle immediately at a fixed price. |
General | For a broad selection of trade vehicles from dealer organisations. |
Remarketing | For immediately available ex-lease, damaged and other remarketing vehicles. |
Tip
Not sure which auction type you are viewing? The vehicle page always clearly indicates which type of auction it is. This ensures you know exactly how the bidding process works before placing a bid.