This is a helpful CarsAndBids review that shows whether this is a scam or a legit car buying and selling platform.

It also answers very important questions most people have about it, especially how it works and how/what you can benefit from using it.

 

What Is CarsAndBids?

CarsAndBids is simply a vehicle auction site.

This platform allows people to buy, sell and auction vehicles.

First, this company has paid $25+ million to members:

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These vehicles are mostly cool, sporty, and fun cars made from the 1980s to date.

CarsAndBids was created by Doug Demuro who wanted to help modern car enthusiasts get what they want.

 

Is CarsAndBids a Scam or Legit Car Buying and Selling Platform?

CarsAndBids is not a scam. It’s a legit car buying and selling platform, where people can auction, sell or buy cars.

This platform has many interesting features that appeal to users.

Whether you are interested in selling your cars or you want to buy some fun cars, CarsAndBids is definitely one of the platforms to consider using.

 

How CarsAndBids Works

CarsAndBids works to help users sell, buy and auction the latest cars.

To understand how CarsAndBids works, here are different ways in which this platform works for buyers, sellers, and auctioneers.

 

How CarsAndBids Works for Buyers

If you are interested in using CarsAndBids to buy a car, then here are the steps in how buying works:

 

Visit the CarsAndBids Website

 

Search for the Car You Want

Enter the details of the car in the search bar and click on search.

A page will display the different available cars.

The year, make, model, price, and other details are described with the photos of the cars on sale.

 

Register to Bid for the Car You Have Chosen

You can make a bid with a valid credit card and phone number.

You must also know that CarsAndBids takes a 4.5% buyer’s fee on top of the winning bid amount.

 

Perform Due Diligence

You need to make sure that the car you are buying is the right one for you.

In this vein, you need to review details about the car.

The history report, known flaws, maintenance records, and other details should be checked.

Also, you get to know more about the seller and why he/she is selling.

You can use the Seller Q&A or the “Contact” feature.

You can also arrange to inspect the car in person or schedule a pre-purchase inspection (PPI) at a reputable vehicle shop near you.

 

Get Your Finance Ready

The next stage in the buying process is that you decide how to finance the vehicle.

Do you have the money to buy outright, or do you want to get a loan from a lender?

Also, make sure you discuss the transportation and storage timelines.

These would include the financing involved.

 

Make Your Bid

If the above stages are concluded, then you can make a bid.

If you win the bid, your credit card would be charged for the buyer’s fee.

You will then pay the seller directly

 

Win the Auction

You can win the CarsAndBids auction if you become the highest bidder.

 

Again, this company has paid $25+ million to members:

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How CarsAndBids Works for Seller

If you have the car to sell at CarsAndBids, then here are steps on how it works

 

Submit a Car

You can submit the car you want to sell at CarsAndBids for free.

You are expected to provide a few details on the vehicle.

These include the VIN and a brief description of the car.

You also set the price you want for the car.

Talking about the price, you can choose to sell the car with a reserve price without a reserve price.

If you choose to sell with a reserve price, it means you are setting a minimum value you will accept when selling the car.

You can choose to offer your price with no reserve.

You get more bids, interests, and attention.

The team at CarsAndBids will review your submission and see if your car would be accepted.

 

Prepare Your Listing

If your car submission is accepted by CarsAndBids, then you may proceed to provide additional information.

These will include the ownership history, maintenance history, and detailed photos, etc.

At this stage, you must note that CarsAndBids will not accept you to list any car that was previously advertised for sale in other sites or auctions.

You can also take excellent pictures of the car, film a quick walk-around video, and upload it to video platforms like YouTube or Vimeo.

Review the process of transferring the title of the car, the payment timeline, and more.

 

Finalize Your Auction

CarsAndBids will create a draft of your listing after you must have provided all the required information, videos, and photos of the vehicle.

Then, the company will work with you to schedule your auction.

 

Participate in the Auction

You can start participating in the auction.

All you need do is respond to comments and questions, and provide more pictures or videos.

At this stage, interested bidders may contact you directly via email using the “Contact Seller” feature of the website.

 

Finalizing the Auction Sale

When the auction comes to an end, then you can start finalizing the auction sale.

Get paid by the buyer.

 

Key Features of CarsAndBids

If you check out the CarsAndBids website, you will discover that there are lots of features offered.

These include:

  • Live auctions and details of past results. You can view the live auction to see the bids on your site in real-time.
  • Reserve and No Reserve listing. CarsAndBids offers sellers the opportunity to set the prices at a reserve or no reserve. Each of these listings has its advantages and disadvantages.
  • Daily Email. You get a daily email about what’s happening on this platform. Whether you are a buyer or seller, CarsAndBids will send you emails that would be helpful to you.
  • Easy submission and quick listings of vehicles.
  • User-friendly platform.

 

Type of Cars Are Sold at CarsAndBids

At CarsAndBids, different types of cars can be bought and sold.

These include new and used vehicles, cool and sporty vehicles, and any car, SUV, truck, or vans made from the 1980s to date.

Any car from the modern era qualifies to be auctioned at CarsAndBids.

So, use this platform to sell or buy-sell cars, SUVs, Vans, or trucks of carmakers like Mazda, Mercedes, BMW, Chevrolet, Porsche, Ferrari,  Modena,  Land Rover, Jeep, Toyota, Ford, Subaru, Acura, and so on.

 

Why Choose CarsAndBids?

Many companies operate like CarsAndBids when it comes to buying and selling cars at auctions.

They offer similar features but you can choose CarsAndBids for the following reasons:

  • It is used by hundreds of thousands of people who love its features. The company has more than 150 thousand registered members as of the time of writing this review.
  • Since its inception, CarsAndBids has completed more than 3700 auctions successfully.
  • The sell-through rate of cars on CarsAndBids is more than 85%.
  • At CarsAndBids, the value of cars has scaled more than $63 million.

 

Pros of CarsAndBids

CarsAndBids has man pros.

These are the benefits of using this platform to sell cars at auctions.

The prominent pros of using CarsAndBids include:

  • It offers a fixed listing fee and reduced subsequent booking. The initial listing fee is $89 while the subsequent listing is reduced to $49.
  • It is very popular as a car auction platform. It also has a large social media following. This means the company can give your vehicle wider exposure in the marketplace.
  • It allows you to set an auction reserve. This is a price you choose to sell or auction the car. This will allow the CarsAndBids team to advise you whether the price is too high or not.
  • It has a ready and steady team that supports sellers. The team is on hand to help car sellers walk through the best process and get the right sales.

 

Cons of CarsAndBids

Despite the pros of CarsAndBids, this platform also has some cons which you should be wary of:

  • It does have good ratings and many positive reviews online. The rating at the BBB is very poor.
  • It allows users to engage actively in the buying and selling process. This is different from what obtains with other sites where you simply relax and the company takes care of the auctioneering process. The need to interact in the auctions, answer questions, and arrange test drives could be tasking and time-wasting.
  • It does not guarantee you will secure a legit buyer. Unless you have your money in your hand, you are not sure whether using this platform guarantees a successful sale.

Other Interesting Review Articles To Consider:

 

Conclusion

CarsAndBids is a platform where you can sell or buy a car through an auction.

This site has some unique features that make it outstanding.

The post reveals some facts know about CarsAndBids.

Again, this company has paid $25+ million to members:

SurveyJunkie (only USA, Canada, Australia residents allowed). You can earn money sharing your thoughts. They have already paid $25+ million to their 20+ million members just for sharing their thoughts and opinions. Click here to join SurveyJunkie for FREE