For example, I'm looking at a 2002 Elantra, and the current bid is $275.00. Clearly, it's worth more than that, but would that bid actually win the car?|||A lot of sales are called "IF" sales. Meaning IF the seller will accept your bid some times you can negotiate your price up ( if you are willing to pay more) in order to find out what the buyer wants for the car, if you have time for this the car is long gone or it is the slowest sale I have ever heard of.|||make a higher bid. than the current one and that should win.|||It all depends on whether there is a "reserve" placed on the item. If there is, it will need to be bid up to a preset amount before it would sell. With a no reserve auction, the item sells to the highest bidder regardless of the amount. Remember...at an auction there is normally a buyers premium which is a percentage of the bid that is added (it helps pay the auction house overhead) and any state taxes and fees associated with registering and licensing the car.|||It's pretty much like an Ebay auction. A reserve can be set. Most lanes are like that.|||There is almost always a reserve on a car. Is this a live auction?
If it is a live auction, it is not uncommon for the dealer who owns the car to bid on his own vehicle. They will either do it themselves or have a shill in the crowd running the price up. One way or the other, the seller will get their minimum on that car
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