Quote:
Originally Posted by onewhippedpuppy
Denis, I’m curious how you say that a car can’t be sold out from under you. Having listed two cars there myself there is nothing that keeps a seller from selling a car to someone else post auction. They take the seller fee up front, the buyer fee on the backside, and they are done. After that point the transaction is entirely between the buyer and seller just like any other sale. Also worth noting that if you buy a car on BaT and it fails inspection, you are SOL. And if the seller wins the auction and flakes out (which has happened), BaT won’t re-list your car.
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Quote:
Originally Posted by speeder
If you are the top bidder and the item meets reserve, it’s yours. If it doesn’t meet reserve, that 7-day auction is over and it’s back on the open market, yes. Unlike eBay, where good cars constantly get sold outside the auction during the auction, that cannot happen on BaT. If a car gets pulled by the seller during the auction or if other substantial evidence of misrepresentation occurs, BaT will pull it and usually ban the seller from ever buying/selling or participating on the site. Show me where they do that on other online sales sites. On eBay and other sites, a dealer can run an auction while also marketing the car on several other portals plus sell it on the street or their lot. BaT is massively different.
Buyers do occasionally flake but they lose their buyers fee and may be permanently banned from the site, depending on circumstances. I agree w their policy of not re-listing cars, it would be a cesspool like eBay if they did.
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A good reference point for me is how much participation the seller has in the auction. You always see the auctions where potential buyers are asking questions etc, and the seller never responds...or gets worked up/angry in the response... (red flag) . I definitely trust the ones who are communicative throughout the process and especially the ones who offer its location for people to come look at it if they want, etc.. .
I will say that BaT can make the timeline MUCH better for the seller though as they do not tell the seller when the auction will go live. "It will go live sometime in the next 2 weeks".. That is ridiculous... I travel for work and both of mine first went live during the time I had the least chance to be on the internet..