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Live Bidding
Bidsonline auctions are internet auctions that finish with real-time bidding which we call LIVE bidding. Before LIVE bidding starts you can bid against other bidders just like a normal internet auction - you will receive an email each time you are out bid.
At the close, our unique LIVE bidding system starts - it lets you bid against other bidders in real time. You don't have to click refresh each time to see the latest bid nor do you have to wait 5 or 10 minutes to see if you have won.
LIVE bidding starts at lot 1 with the highest bid so far being the starting point. At this time you can bid by just pressing the Bid button and instantly your bid is transmitted to everyone else online. The Bid button automatically increases according to preset increments so if somebody out bids you all you have to do is click on the Bid button again - so easy!
If there are no more bids the LIVE bidding program waits a few seconds and then tells the highest bidder if they have won and then moves on to the next lot. As these online auctions are conducted by professional auctioneers nearly all auctions have reserves because the auctioneers have to account to the banks, liquidators and other vendors who provide them with the goods to auction. If you are the highest bidder but your bid is below reserve the auctioneer will refer your bid to the vendor for a decision.
You can enter a maximum bid before LIVE bidding when you place a bid. Your maximum bid is then carried forward to the LIVE bidding system which will then bid on your behalf up to your maximum bid. Your maximum bid is not disclosed to the auctioneer. So, if you can't get to a PC at LIVE bidding time, simply enter your maximum bid and let our system do the bidding for you!
OK - so how do I join in LIVE bidding ? On the home page you will see the LIVE Bidding icon above which will be a link such as Click here at 7pm Monday 24th November 2008 You can click on the link up to 30 minutes before LIVE bidding starts and you will see a countdown to the start. You will need the latest version of Flash to join LIVE bidding.
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Winning Bidder
All vehicles have reserves unless specifically stated in the catalogue. If you are the highest bidder and your bid is higher than the reserve you will receive an email after the auction containing a Pro-Forma invoice on behalf of the auction company. We will then ring you to take a $500 deposit on your credit card. If the car is not as described in this auction we will refund your deposit in full without any fuss. The balance is paid by cash, bank cheque or EFT when you pickup the car.
If you are the highest bidder but your bid is below the reserve you will receive an offer by email to purchase the car at the reserve price.
There is no warranty provided by Bidsonline or the auction company, however many of the cars have the balance of the manufacturers warranty subject to their terms & conditions. Click here to read the full terms & conditions
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Viewing cars prior to an auction
You are welcome to visit the auctions to inspect the vehicles. As with all car auctions you can start the car but you are not allowed to take a car for a test drive. If you don't have time to inspect the car then you can still bid as you are covered by our Deposit Refund policy - if the car is not as described when you pick up the car then your deposit is refunded in full without fuss.
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Can I withdraw any type of bid?
All bids constitute a legal contract. All bids (before or during an auction) cannot be withdrawn or lowered so please check your bids before you place them and ensure you are happy with the amount specified. You can view your bidding history by accessing 'MY BIDS' located at the top of the page.
Technical Requirements
Live Bidding has a couple of technical requirements: You need Flash Player installed and port 4000 open on your firewall. Check here to see if LIVE bidding will work for you
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