Showa
Trade Auction System: How Bidding Works at Auction
- Every Auction Cars has Starting Price.
For instance, if the starting price is 790,000Yen, minimum bid you
can bid is 793,000Yen. It is easy to bid by using "BID BUTTON"
- There is no limit for bidding price. Much higher price
you bid on , more opportunities of purchasing the car you can get.
- When an auction start, not only people in Japan bid
but also many other people try to bid with their own prices. In our
system, we raised your bidding price to a value 20,000Yen higher than
your bidding price to bid on your car. (In order to make up subtle
time when the auction is going on(in other words, when many numbers
of bids placed on the car at the same time), our purchasing price
is higher than your offer price and we are not responsible for the
extra money of 20,000Yen)
- Once the auction price becomes more than the seller's
reserve price(the seller has set a private minimum
price), person who bids the highest price will have right to
buy the car. If no one bids higher than the reserve
price, then there is no "high bidder" or winner for the auction.
If more than two customers bid on the same car, person who has the
highest price has right to purchase the car. If your bidding is the
same amount as other customers, whoever offer us to bid earliest have
right to purchase the car. (Our member can know other customer's bidding
price by clicking "Trading Specifications"
- If you could purchase a car in auctions, the CAR COST
in the invoice will be the same as your sold price in the auction.
Even though bidding price is very high, your purchased price is the
same as the sold price in the auction.
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