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How the Auction Works ?

Answer:

At Motovit, you can buy and sell vehicles in real time. Here's how it works.

Register.

Register with Motovit to sell vehicles, or to make bids and offers on listed vehicles.

Next, read our Bidder Essentials or Auctioneer Essentials to understand your obligations as a Motovit user.

List a vehicle for sale.

To list a vehicle for sale, you need to:

Once you pay the listing fee, your listing will appear on Motovit.com, and your vehicle can be sold.

Make a bid.

Buyers scan Motovit.com listings regularly.

Details of each listed vehicle are automatically verified.

Use the Contact forms located on the bottom of the listing page to ask the auctioneer any questions you have about the vehicle.

To bid in an auction, type the amount you want to pay into the box, and click the Place Bid button.

Each bid is accepted or rejected by the auctioneer, and all accepted bids go into the running to win the auction. As an auction progresses, you can increase your bid to compete with other bidders if you want to.

All auctions also include a Buy It Now price. You can click the Buy It Now button to buy the vehicle on the spot.

Vehicle sold!

In an auction, the auctioneer can accept any bid above the reserve price as the winning bid.

Once the auction ends, the bidder who made the highest accepted bid is declared the winner. The auction is closed, and Motovit contacts the auctioneer and the winning bidder.

This is the end of Motovit's role in the process. Payment and vehicle exchange is handled by bidders and auctioneer themselves.

If you missed out on a vehicle you wanted, don't worry. There's always more to buy and sell on Motovit.com.

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