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How do Buy It Now (BIN) works ?

Answer:

The Buy It Now (BIN) option only applies to auctions.

Setting a BIN price

When they list their vehicle for auction, auctioneers can set a BIN price for which they're happy to sell the vehicle on the spot.

The BIN price must be at least as high as the reserve price, but it can be higher.

It should reflect the highest price the auctioneer believes they can get for the vehicle.

Making a BIN bid

A BIN bid meets the BIN price specified on the listing page. To make a BIN bid, buyers simply hit the Buy It Now button on the listing page. When a BIN bid is placed, auction is automatically closed and won by the BIN bidder. Emails are sent to both auctioneer and bidder.

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