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if a seller is putting a $200,000 car for auction and the starting bid is $500 and I bid for $1,000 and the auction ends and I'm the highest bidder do I get the car?
3 comments
woodland_gnome
·2 years agoAlso someone selling a $200,000 car on eBay is more likely to pick a selling package that includes a Reserve Price than one that won't. If there is a Reserve Price (on any auction, not just for Motor Vehicles) and your bid was lower than the Reserve at the time you placed it ("Reserve not met") you cannot win that auction with that bid no matter if you are the highest bidder at the end or not, no matter what anyone else might do:
If the (refreshed) Listing Page continues to say "Reserve not met" after you place your bid, it means your bid (including any hidden maximum) is lower than the reserve price and therefore cannot win that auction, so it is safe to move on (unlike simply being outbid, when a cancellation of the higher bid before the auction ends can make you the winner at the end and obligated to pay, so it is not safe to move on until the auction ends without you as the winner). Even if the seller lowers the reserve, eBay will lower your hidden maximum bid if needed (to $1 below the new reserve) so you can't win unless you rebid an amount that meets the reserve at the time it is placed.
The seller can make a Second Chance Offer to any losing bidder who has not opted out of receiving such SCOs (in My eBay: Account: Communication Preferences). Such SCO will be at the highest showing bid of that particular bidder (in the case of the highest bidder who lost because the Reserve was not met that will be the showing bid, generally 1 bid increment over the underbidder's maximum, not his/her maximum bid) except in Motor Vehicles and heavy equipment categories where the seller can set the amount up to the Reserve Price amount. This is merely an OFFER which you would be under no legal or moral obligation to accept, so it doesn't affect your ability to safely move on once your bid doesn't meet the Reserve, but is something to think about before you move on if this particular item is especially desirable to you.
If you bid an amount that does equal or exceed the reserve, the "Reserve not met" will disappear from the Listing Page and the Bid History Page (unfortunately the indication that there is a met Reserve got lost in a reformat of the Bid History Page) and the new "current bid" will be the exact amount of the reserve (or less than an increment above it if a prior bidder had a maximum bid just under the reserve). If your new bid is not at least as high as the reserve, "Reserve not met" stays up and the "current bid" is recalculated under the general rule: generally 1 bid increment over the underbidder's maximum bid.
house*of*paws
Mentor2 years agoHi @jhovann-40
Vehicle sales on eBay are all non-binding … meaning either buyer or seller can walk away from the deal without consequences. I doubt that any seller would accept only $1000 for a $200,000 car. Sorry
rock.star
·2 years agoYou would "win " the auction but vehicle sales on eBay motors are non-binding and ether party can walk
away.
So the seller would most likely not want to that that kind of lose and would not sell.