bring a trailer bidding strategy bring a trailer bidding strategy

This level lets you question the seller, comment on a listing, set up a watchlist and set email/mobile alerts. | #LowBuckWednesday, Import lovers: See some of the best at Carlisle on May 12-13. First, the way they choose a vehicle for listing is what BaT Director of Auction Operations and Customer Experience Zac Beatty says is one part science and data and one part being an objective curator. That's not even the formula for transforming the features, just the one for interpolating predicted price at a time point based on the model's output (presumably of the final price). This means running a VIN check, reaching out to the seller which can be done via the black Contact Seller Button to ask questions, or even scheduling a time to go physically inspect and test drive the thing. As long as your bid remains the highest, you will win the auction. No high early bids for sure. Check it out. It's a gearhead's utopia of rare, vintage, and unique vehicles for sale Even if youve continued working through this seemingly never-ending pandemic, theres a great chance youve found yourself with more free time since theres hardly anywhere to go outside of your home. It's like every auction other than eBay :). To buy a car, however, you must set up a bidder/seller account. WebAuction Results | Bring a Trailer New to BaT? We have a doctor who likes to buy stuff on BAT , mostly old race cars so he can vintage race them . This is actually my second rodeo in building pricing models - the first time I did it was with this one: https://tapdeals.cognitivesurpl.us/ for the aviation market. Her last manual transmission was a Volvo Turbo that she drove for eleven years, but that was a long time ago. Highest bid was close to but not quite up to my reserve so they gave me $1250 to get me there. He mailed me a USB drive. and communicate constructively about the vehicle. On the topic of his Saab, it's still up for salethe old fashioned waythough he mentions he's currently hunting for his next bad idea. I tried to list my vehicle with them and the process took over a month where I did not ultimately list and put on Autotrader and sold in one day. 3-31-22 at 2pm cst. Personally, I would figure out what the maximum I would pay for the car is, and plan on bidding that amount at the last second. I think this is just evidence that it's all a crapshoot, but in my mind it goes the other way too. That keeps the site fresh and avoids confusion and bidding wars. As for what's next, Gaffney says he's working on building out the models' predictive abilities, which will help it fill in the gaps of missing or incomplete auction data. International bidding does obviously make it substantially harder to arrange an in-person appointment to inspect or test-drive a vehicle. I could also wait until the last hour; if the bidding is still soft throw in a strong bid that still leaves some upward mobility and see what happens. I recently made two videos about Bring a Trailer. Unlike eBay, Bring a Trailer doesnt offer Buy it Now pricing. The final bid would have to be that close for BaT to want to complete the transaction in this way. I bought this AC Cobra without a pre-purchase inspection and did not have any surprises. Most impound lots have turnaround times of 12 to 24 hours for processing their inventory. Bring a Trailer has become an obsession for many auto enthusiasts. Next week there will be 470 different listings. Its critical that you read the listing entirely and peruse the comments section for questions, answers, and additional information. The buyer and seller then work together to complete the transaction and arrange for shipping if necessary. The internet age has allowed finding the car of your dreams to become a markedly easier and more convenient process than ever before. So, if you plan to purchase a car for more than $100,000, at least you know the fees wont be more than $5,000. 2022Recurrent Ventures. number of watchers! Like Car and It's strongly recommended that you don't reveal it - but you can if you want. a dedicated point of contact throughout the auction process. Unlike eBay, Bring a Trailer doesnt offer Buy it Now pricing. Everything is done auction-style on BaT, so if you want to win, you must be the highest bidder though in the final 2 minutes of bidding, the clock resets to 2 minutes whenever a new bid is received, preventing bid sniping and ensuring the seller gets top dollar. I'd say that's well bought, with the 4.0 LN motor in it. We offer three levels of service based on the needs of a seller You can also subscribe without commenting. WebBring a Trailer is the best place to buy and sell collector and special-interest vehicles online. If you decide to stop following that particular auction, go back into the listing and click again to stop receiving updates. If you become the winner of an auction, your financial account will be billed BaTs fee: 5% of the final bid price. DIRTLEGAL.COM IS A PRIVATELY OWNED WEBSITE AND IT IS NOT OPERATED BY ANYGOVERNMENTAGENCY. He has a passion for old muscle cars, big pickup trucks and anything motorsport related. The 997 market is softening and I figured $40 to $42,500 was my goal and I was willing to go up to $45,000 if I thought I could get it. The odds of encountering someone willing to get a modified 134k mile 997 at any cost are not high. That makes sense because BaT still made some commission and that is better for them than a no sale plus they made a seller happy. If you want to keep tabs on an ongoing auction, you can use the WATCH button on the top of an auction listing to get email updates as an auction progresses. On BaT, toward the tail-end of an auction (the final two minutes), each bid placed will extend the auctions timer by two minutes, giving the rest of the bidders an opportunity to bid higher (or walk away). Look at every photo carefully this is your only glimpse of the car. Web1986 Ford RS200 Evolution for sale on BaT Auctions - sold for $502,500 on March 19, 2021 (Lot #44,535) | Bring a Trailer New to BaT? Get a custom-written listing and a 7-day Bring a Trailer auction for just $99. The Cobra seller was handling the sale for his client and this seller answered all of my questions and returned every email and phone call and made me feel at ease. BaT usually does have a reserve on their auctions but they do not disclose the reserve nor do the disclose if or when the reserve has been met. You were bidding against people like yourself. And with well-over 3,000,000 monthly visitors logging on to peruse, buy, or sell, BaT has become one of the countrys best resources for finding that special set of wheels. Tune in, sellers, because there are some tips here youll want to know. I would say it's a popular model which will have some pros/cons that may raise the value to some but distract others. In other words, many knowledgeable people have viewed the car in question so that you dont have to. Is it better to throw in a hail-mary bid that is 90~95% of my limit, battle it out until I get to 100% of my limit and hope for the best or is it best to do some combo of the two? Beyond that they cant really do much elsE but I would advise BaT on the dealers attitude just in case that same dealer comes back with another car to sell. I'd say that's well bought, with the 4.0 LN motor in it. 1. i went to look at the car last weekend, the car is in good shape has a 4.0L LN engineering engine put in around 7 years ago and 20k miles ago. Web1997 FORD F 250 DIESEL POWER STROKE EXTRA CAB 7.3 WORK TRUCK 5TH WHEEL TRAILER TOW PACKAGE DIESEL PICKUP 7.3 Liter Powerstroke Turbo Charged Diesel EngineTHIS TRUCK IS NOT STARTING NOT GETTING FUELSELLING ENTIRE TRUCK FOR SCRAP ENGINES TURNS, ROTATES, ENGINE HAS COMPRESSION, Heres a quick and helpful guide. | #LowBuckWednesday, Import lovers: See some of the best at Carlisle on May 12-13. BaT is well-aware that buying a vehicle is a fairly unique process that requires far more close-inspection and due-diligence than the average purchase. Is is up to the dealer and I to work it out. I admire what Bring a Trailer is doing with their auction process. Every time you bid you give the other guy time to think about it. Can someone let me know what happened when i win car but cannot finish tansaction? California Notice at Collection Interesting! I don't have that in it. Just make it clear to other bidders that you have touched the car. DAA Industry Opt Out The buyer and seller arrange payment terms privately. I wish eBay worked that way as a buyer, and if I sold on eBay I'd probably feel the same. All rights reserved. Originally, this video was going to be me identifying what I think will be "Bring a Trailer photo trends for 2022," but as I got into it, I quickly realized these arent trends. You want a F40 and you are willing to pay top of the market pricing, give me a few days and a few phone calls and you will have one. Too early for top-down driving? You can lower the reserve at any time during a live auction, however, if it looks like the price isnt going to get there. During the final two minutes of an auction on Bring a Trailer, the clock resets whenever a bid is placed. Half the time, eBay sellers wont even respond at all. Every product is carefully selected by our editors. Your CA Privacy Rights (Shine the Light) You simply click on the Bid button and enter the amount you wish to bid, and viola. The vast majority of listings on the site are going to look similar to one another, inevitably, because theyre all showing cars from the front three-quarter angle view, and theres only so much you can do to mix that up. Gaffney explained to The Drive that he started the project in mid-April after looking at a listing for a 1967 MGB GT, which was to replace his 1986 Saab 900. They want cars that have a usability component and are approachable, Swig says. I was told by a reputable car broker of high end cars (Porsche, Ferrari & Lambos) that they have 4 bidders working in the background to jack up bidding prices but not sure if this is really true but based on some of the ridiculous prices I have seen people pay it does makes me wonder. I used to check out listings on BAT all the time and had high hopes to sell my car for big money but the process to get your car listed in ridiculous and I have to really wonder if people are actually paying the final bid prices posted? bring a trailer bidding strategy, go in high, battle it out, or something else? it's a good gut check for a car you're thinking about. I had to laugh when the author of the drive blog post posted the author's formula and acted like it was some super sophisticated thing. The auction isnt over until two full minutes have elapsed since the highest bid was placed. It is important that bidders do their due diligence to understand all the details of the car and insights offered by members of the community. I sent a follow up email on January 29 and had no response so I sent another email on February 2 and received a quick reply with a promise to get in touch tomorrow. Those interactions can range from an in-person pickup to a door-to-door delivery service. Yes they do. On Bring a Trailer the buyer and seller are committed to selling if the reserve is met and to buying if they are the high bidder and the reserve is met. For this reason, BaT listings feature dozens of photos of each vehicle, showing close-up details of parts, components, and finishes. It's uh, a weighted average with a scaling factor. Bidding on Bring a Trailer Bring a Trailer 3.53K subscribers Subscribe Like Share 63K views 2 years ago #bringatrailer #carauctions In this video, we will teach you In fact, sellers have to submit the information about their car and then BaT Auctions chooses the most exciting and interesting cars to list. I also had a few email exchanges with the dealer but he did not answer all of my simple questions nor did he get back to me as promised. This filters everything that you have your eye on which I promise will be a lot! Gaffney saidthat his models take snapshots every 12 hours from the moment an auction starts to the moment it finishes. When you win, Bring a Trailer takes their fees instantly If you become the winner of an auction, your financial account will be billed BaT's fee: 5% of the final bid price. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. What is the best way to buy a classic car? Sniping protection extends the auction clock by two minutes each time a bid is placed in the auctions final moments. I'd bid what I'm willing to pay in the last 15 minutes and then walk away if it goes higher. There are 470 auctions on Bring-A-Trailer at the time of this recording. I prefer a salesman who tries a little harder. The minimum fee charged is $250 and it cannot exceed $5,000. Probably lots of exceptions to a rule about mileage, but still an important one overall. It was taken from the end of the auction, where the prediction is at its most accurate. When you buy through links on our site, we may earn an affiliate commission. Buying: Potential bidders can use Bring a Trailer to ask questions, schedule a viewing or inspection, or set up a test drive. The minimum price the seller is willing to accept, called a reserve, is not shown on the site, though. Selling: For Classic and Plus service, start by submitting information about the vehicle online. each time a bid is placed, giving everyone a fair chance to place their maximum bids. Sniping protection extends the auction clock by two minutes Good photos are key, and vehicles that were just called used cars five to ten years ago are now collectors. The Bidding Process Once youve set up an account and listed a valid credit card on file, you can start bidding. I said I admire what Bring a Trailer is doing with their auction process.. bidding on BaT works like a live auction in the real world (not like Ebay) where you pay a small amount over the next highest bidder so if you bid $15k then the bid is $15k. BaTs Contact Seller button allows interested parties to reach out to the seller to ask any questions or receive clarification on something. Its vital to do your homework, communicate with the seller, get concrete information, and not simply send a four, five, or six-figure check across the country to a complete stranger. The auction process starts with sellers submitting their cars through the website. Bring a Trailer (BaT) is not down https://bringatrailer.com/. If that happens, BaT staff can get involved in the process, at least to understand what happened. Whether youre building a Lemons racer, taking a drag car to the strip, or driving an SCCA car to get lunch at an event, you might be wondering how to drive it on the street legally. When the auction closes, the hold is released for all bidders who didnt win the vehicle. The buyer and seller coordinate shipping. All sellers need to work with a BaT team member to design an informative and honest listing for the vehicle. This verification could take time. Used car dealers are exactly used car dealers, If I won the high bid on BaT, but decided that I just cant buy the car, what can happen. While BaT Auctions work closely with sellers to ensure the reserve prices are reasonable, its not uncommon for this to occur. Back in April, a 1-of-400 1998 Subaru Impreza 22B STi with 25,000 miles on it brought in $312,555. The site has managed to attract a dedicated fanbase thats primarily comprised of die-hard motoring enthusiasts. That site is great for selling, with very few bargains to be found. The automatic payment also acts as a deterrent to non-serious bidders.