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FAQs

Buyer

There is no advantage to bidding last minute. If anyone bids in the final 30 seconds of an auction we extend the sale by 30 seconds to allow any remaining bidders to continue to participate, this repeats until all bidding is complete.

Your bid is a contract between you and the seller to buy the car. It is your responsibility to carry out any due diligence you see fit before bidding.

Upon an auction ending your payment card will be automatically charged £1,000 to the payment card on your bidding account. Once an auction ends you are contractually bound to purchase the car within 7-days of the auction ending. You will be given escrow payment details to safely pay the remaining sum owed.

Yes! If in the unlikely scenario an auction fails to meet its reserve price, we’ll offer the sellers the option of listing the car in our ‘Buy Now’ section.

Our reputation means everything, and we are heavily reliant on independent reviews, therefore we take any unknown defects very seriously and do everything to ensure this does not happen.

Vehicles sold through our concierge service receive a full AA mechanical inspection, are available to view for three weeks before the auction at our Barnard Castle site and will be supplied with a warranty from Crystal Clear Warranties.

Vehicles offered through our standard auctions are sold as seen, the same as any other car auction business. All standard auction lots receive a thorough check from a Bidding Classics photographer when capturing our marketing assets, however this does not represent a mechanical appraisal.

Our best advice is when bidding on anything at auction do your due diligence. Read the full description, and study all photos and videos, if you believe the seller has missed out on key information post your questions in the comments. If you don’t feel confident making a bid, arrange a viewing from the seller’s house at a time of mutual convenience.

Yes, storage is charged at £40 + VAT per week. Transport is typically priced between £1 to £1.50 per mile dependant on trailer type and distance covered.

You are not restricted to placing a bid at the minimum bid amount, but can instead increase your bid and place a maximum (proxy) bid in the system. By setting a maximum bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your maximum bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.

If two or more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.

£0 to £10,000 – £100 increments.

£10,000 to £50,000 – £250 increments

£50,000 to £100,000 – £500 increments

£100,000(+) – £1000 increments

Seller

Not every offering will be consigned, but every offering will be given equal consideration.

When you submit your vehicle for review, our team will ask for key details about the auction lot, we require as much detail as possible about its service history and paperwork. Bidding Classics shall not be liable to the seller or buyer for any error or omission of the auction lot.

Sellers can request that the lot is auctioned with a reserve. A reserve will be agreed in consultation with the Bidding Classics team to ensure that it is realistic. You may reduce or withdraw your reserve by providing written notice to Bidding Classics. Once a reserve has been agreed we will not increase this figure.

Once an auction lot is open for bidding, any registered user can ask a question about it in the comments below each listing. To maximise your sale price we suggest responding to all questions as soon as possible. We will email you whenever your listing receives a new comment.

For all sellers using the Bidding Classics Concierge service we will accommodate all interested parties that wish to view a vehicle. Standard auction sellers will have to accommodate viewing from interested parties. Buyers and sellers shall not engage in any activity designed to complete or facilitate a transaction for the sale or purchase of an auction outside of the site. Please see terms and conditions*.

Every listing is presented to the seller for approval before it goes live. The seller takes final responsibility on the information being accurate in the sales listing.

No, you can NOT bid on your own auction, nor can you have a friend bid on your auction on your behalf. If you or someone on your behalf has bid on your Auction Lot and the Auction Lot does not sell to a real bidder as a result, or if you have “bid up” a lot, you will be banned from using the website.

Once you have submitted your vehicle to Bidding Classics and the auction has gone live in our ‘Coming Soon’ section, you cannot withdraw your car. If you do withdraw your car, you will be obliged to pay the fees agreed in your Bidding Classics service agreement.

When an auction lot sells successfully on the platform, the buyer is immediately sent the safe escrow payment details.  Once the funds have been received in escrow, Bidding Classics then introduces the seller and buyer to complete the transaction.

If the auction lot fails to meet its reserve price, then the seller will be notified of the highest bid submitted during the auction. The seller will then have 24-hours from the end of the auction to either accept or reject this bid. This 24-hour period can be extended by agreement between us and the buyer.

If there is no agreement to extend and the buyer is not notified of the acceptance of their final bid within 24-hours from the end of the auction, it will be deemed to be rejected. If the bid is accepted by the seller, we will put the buyer in touch with the seller for the sale of the auction lot.

Escrow Payment Process

  • 1. Buyer transfers funds

At the end of the auction, the winning bidder transfers payment via our secure escrow payment system into a third-party account.

  • 2. Seller transfers vehicle

The next step is for the seller to transfer the vehicle to the buyer.

  • 3. Funds released to seller

Once the buyer has received the vehicle and is happy with everything, then the funds will be released to the seller from the third party escrow account.

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