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Before you sell

About the auction After the auction About Autorola.lu

What is the best method to set a reserve price?

Our experience has shown that: The lower the reserve price, the higher the level of dealer interest - this is due to bidders misconception that their chances of purchasing the vehicle are escalated. In reality their chances of purchasing at a lower price decline. Bidding activity increases due to like minded dealers also wishing to purchase the car at a lower price, this has the reverse effect, driving the sale price up. The law of averages dictates that you receive the best price the first time the car is registered for auction - this is because many dealers will not allocate time bidding on the same car repeatedly. If they feel the reserve price was unrealistic in the first place, they tend to ignore the car in subsequent auctions. From the first instance, it is advisable that you work out what price you are willing to settle for. Set the reserve price as the lowest price you are willing to sell at, rather than the price you are hoping to receive. Remember! Autorola.lu is an auction, so you can easily receive a price significantly above your reserve price. Our users tend to have conducted research beforehand by inquiring about the value of their car at a local dealer. This then serves as the basis on which the reserve price is set. After this Autorola.lu simply find someone who is willing to pay more. Autorola.lu can also offer help in deciding upon a reasonable reserve price for your car. Call us and find out more on +32 (0)3 887 19 00

Related questions
»	How much do you charge to sell my car?
»	How do I set a realistic price for my vehicle?
»	How quickly will my car get sold?
»	Can I set my own reserve price?
»	Is my auction registration legally binding?
»	This is the first time I have used the site, what do I have to do?
»	Is it free to get a car valuation?
»	What happens if my car does not reach the reserve price?
»	Do I have to sell my car when I create a user account?
»	Is it difficult to describe the condition of my car?
»	How do I get the optimal price for my car?
»	What is the best method to set a reserve price?
»	What benefits are gained through registering?
»	What information do I have to provide about the car?
»	How do I create an accurate car description?
»	What types of vehicles can be sold?
»	Is it free to create a user account?
»	Why should I sell my car now?
»	Is there an alternative if I do not have the time to compile a car description?
»	Why is it important that I describe the car accurately?
»	Where can I get help with describing my car?
»	I cannot complete my car description, what should I do?

Telephone support

Weekdays 8.30 - 17.00 | Telephone: +32 (0)3 887 19 00
E-mail: serviceclientele@autorola.lu

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Autorola.lu Online Car auction sells cars for private inviduals, companies and car dealers. A quick and safe way to sell your car. Put the car on auction today and receive bids from approved dealers. Receive bids from over 70 000 approved dealers. You set the reserve price. No sale, no charge. Please call us at +32 (0)3 887 19 00.

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Before you sell

What is the best method to set a reserve price?

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