Thursday, January 12, 2012

At a auto repo auction, whats the normal starting bid price?

My freind just had his 03 350z with mods repo and he want to know what might be the starting bid.At a auto repo auction, whats the normal starting bid price?
Depends on what's owed on the vehicle and how much the bank is willing to eat to get rid of it.At a auto repo auction, whats the normal starting bid price?
2000 where i live is the starting bid.At a auto repo auction, whats the normal starting bid price?
at 60% of the current market price
The starting bid can be any number. I have seen auctions where the starting bid is all the car is worth and others where it is very under value. The starting bid doesn't mean a thing...it is where the auctioneer get bids flowing...whether he starts a 100 or 10,000 doesn't matter at all.



The only bid that matters in an auction is the final bid.

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