Beginner

Bidding Results

It is a bit like fishing. You place your bids in the morning. The line is set, your bid or “bait” has been placed. Will you catch a fish? Here is a summary of the results:

Purchased cars.

There are no hidden meanings in this one. When you see “Congratulations, you have won the vehicle” means you were able to purchase the vehicle, hopefully within your bidding set price. You were the highest bidder, and we successfully bought the car for you. We will move forward with payment and send this vehicle to your country. Hooray!

Sold for…

When you see “sold for (with a certain number)” on the car you bid on, the auction was completed, but the car was sold to somebody else with a higher bid. You will see the selling price, so you can compare how close your maximum bid was to the actual price it was sold for. Sometimes, it sells for an outrageous price. In this case, ask the staff, and we can look into the cause of this together.

This is also a useful system to your learning advantage. If you find a car similar to the one you are after or a rare car you are not ready to buy but keen to know the market price, you can place an impossible 1000 yen bid requesting the selling price. There are more bidding tips like this on next page, so click here to jump to bidding tips!

Negotiation

When the car does not sell, there are a few reasons behind this.

The obvious reason is that it hasn’t met the seller's reserve price. The buyer may then ask for negotiation. You will likely see on the bidding page, “nego from XXX ” This automated response from the auction means the entry start price for negotiation is from this amount.

The less common reason, which has happened many times before, is likely that the car owner
knows it is impossible to sell. In this case, you will see ridiculous negotiation price, such as an asking price of one million US dollars! Why does this happen?

• (less likely) Suddenly, the seller realised his/her emotional attachment to the vehicle and decided not to sell it on the spot.
• (more likely) The seller had already made a deal with someone outside the auction. This could be personal trading, or perhaps the car was listed on local dealer stock, and it got sold. Instead of canceling the auction, letting it pass through the auction has less fees for the seller.
• (more likely) The seller forgot to tell the auction their reserve price.

We prefer to believe in option one… and leave it to that.

When the asking price is very reasonable, perhaps you decide to make an offer. In this case, with your direction, we will negotiate with the auctions. Since there is no direct negotiation method available between the car owner and the car buyer, you must negotiate through the auction. Therefore, when purchasing the vehicle by negotiation, the auction charges an extra 10,000 JPY. This is not applicable if you don’t win the car by negotiation though, you only pay when you WIN.

Removed

Sometimes, the listing of the vehicle just disappears. What, where did it go… ?
Although we’ll never know the answer to this, the sale of the auction was canceled. Perhaps we will see it listed again, the following week.

• The seller realizes that they do NOT have all the documentation in order for sale
• The seller has already sold the car somewhere else
• Some other reason within the seller's head

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