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What's the Buy It Now (BIN) price ?

Answer:

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

A BIN price is a price at which an auctioneer is happy to sell the vehicle on the spot. If a buyer is willing to pay this amount, the auctioneer is willing to end the auction immediately and declare the buyer the winner.

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

It should reflect the maximum price the auctioneer believes they can get for the vehicle, because if a BIN price is set on a vehicle, the vehicle won't sell for more than that price.

See How do Buy It Now (BIN) bids work? for more information.

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