Car Auctions Houston

Address: 6786 Gulf Fwy, Houston, TX 77087, USA

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Questions & Answers

i went to an auction last night. I made a bid and won the car. After I got the receipt, I was told it was a ' what if sale'. That a dealer had the option of saying yes or no and could ask for more money. This true?

Chris Crowder | Mar 25, 2021

Benjamin Klein | Mar 26, 2021

Typically at an auto auction, if a bid doesn't reach the seller's reserve price but is close, the auctioneer will put it on call, or on "if." At that point, the auction will talk with the seller and let him know the offer. At that time, the seller can accept the offer from the blocks, decline it, or give a counter offer to the buyer. If countered, the buyer is then able to accept, decline, or counter that offer. Negotiation will continue over the phone until the unit is ultimately sold or declined.

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