im looking at buying a car on trade me going to view it today. buy now is $4500 and start price is $3000 there dosent seem to be a reserve so if i bid say $3100 will it have to sell or can they choose whether to or not. bit confused
jezz43,
Jan 28, 3:53pm
if theres no reserve, $3000 is the bottom dollar it will go for. unless they withdrawl
mizkfc,
Jan 28, 3:58pm
ok thank you
henderson_guy,
Jan 28, 4:53pm
Buy now means exactly that, if somebody wants to buy the car at that price, then they can do so right then and there without waiting for the auction to run its course. Once bid on however, the buy now can no longer been used as the auction has "started" as such and must run till the end. Unless it gets withdrawn.
paull,
Jan 28, 6:04pm
thats not right,if its $3000 start then thats not the reserve and its not the bottom dollar it will sell for, its just a start price.
NZTools,
Jan 28, 6:08pm
If it has a little yellow flag showing next to the $3000, then the reserve is $3000, and the first bid will own it unless someone outbids you.
jezz43,
Jan 28, 6:10pm
he said it was $3000 with no reserve, so assuming he doesnt get outbid, then that is bottom dollar. unless something else is arranged privately
illusion_,
Jan 28, 8:41pm
hate to be picky, but he/she said "there dosent seem to be a reserve "
doesnt read as being no reserve to me. more the opposite in fact
bellky,
Nov 12, 11:41am
once a bid is within 15% of the sellers reserve this will show on auction
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