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Why can't I see the reserve price?

A visible reserve price can act as a psychological barrier preventing bid activity getting underway. Very few people would ever make a bid below the reserve price, yet it is here it all begins. Many auctions begin with low bids, and bids gradually increase towards the close of the auction. Cars which do no reach their reserve price are often sold under the reserve price, once the seller has received a serious bid on the car. This would not occur if the bidders are apprehensive due to a visible reserve price, that seems too high. If a car does not attain its reserve price and hence fails to be sold directly at the auction, it is still possible to purchase the car. After the auction, we contact the seller and ask whether they wish to sell to the highest bid (below the reserve price). It is therefore vital to hold the highest bid, even if your bid is below the reserve price!

Related questions
»	How do I become an approved dealer?
»	Why buy at Autorola.lu?
»	Who sells cars at the auction?
»	What price do you charge to buy a car?
»	What should I do if there is residual debt/outstanding finance on the car?
»	Is it possible to view the car before I bid?
»	Why can't I see the reserve price?
»	When do I pay for the car?
»	Am I entitled to cancel a trade?
»	What happens if the car has not been described correctly?
»	Do I get the car if I have the highest bid?
»	Am I entitled to examine the car before I pay for it?
»	How do I bid?
»	Can I arrange for the car to be transported?
»	Can I buy a car once the auction has closed?
»	How does maximum bid work?
»	Why are the bids so low initially?
»	How can I manage the bids I have entered?
»	Is bidding free?
»	How secure is buying cars at the auction?
»	When can I bid on the cars?
»	How do I obtain the free email auction catalogue?
»	How can the auction save me time and resources?

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

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