Strategies for Vehicle Shopping

DealDash.com still has three new vehicles up for auction.

When I checked this morning, the 2018 Chevrolet Cruze Sedan LS – Automatic was down to 7 active bidders, the 2018 Toyota RAV4 LE FWD – Automatic was down to 6 active bidders and the 2018 Nissan Frontier King Cab S 4-Cyl – 5-Speed Automatic was down to 7 active bidders.

Last night, however, the Toyota and the Nissan truck were both down to only four active bidders and it looked like they both might close early. Now it looks like these auctions might be going for a long time yet.

One thing for sure is that when bidding on vehicles that are valued at $19,000–$28,000–and $25,000 just having a lot of bids to invest might not be enough. Knowing when and how to use our bids might be a lot more important.

First, we know it’s going to take a large number of bids to win one of these vehicles. If we have 20,000 bids and put 10,000 bids on the Toyota and 10,000 bids on the Nissan truck, would we have a better chance to win or would we have a better chance of winning if we put all 20,000 bids on only one of them? It’s something to think about.

Because the Chevrolet will be 50 percent off to the winner, I anticipated that auction would run longer. Even if it sells at $12,000.00 the winner would only have to pay $6,000.00. Still, many bidders will soon drop out because they might not have enough money to cover the selling cost.

Winners will have to pay the full selling (closing) price of the other two vehicles. Therefore, I anticipate those two vehicles will sell for a lesser amount. One strategy would be to wait until the auction gets down to the last two or three bidders and then add 500 to 1,000 bids at a time.

We must keep in mind that the more we have to win, the more we have to lose, too. Some shoppers are not willing to risk too much, especially if they cannot afford to purchase the vehicles if they lose. Whatever we decide to do, these vehicle auctions are not going to be an easy win, but how thrilling to those who do!

Blog posts are written by real DealDash customers. The opinions and advice here represent our customers’ views and not those of the company. This sponsored blog post was submitted by: Barbara L. Sellers. Barbara was compensated by DealDash for this blog post. 

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