How does bidding work in these car auctions in Singapore? As we have noted above, only members of these auto auctions can actually bid. They do so in two ways: Either at the auction location (kaijo) itself, or online from anywhere. The computer bidding system is the same whether bidding at the auction house on one of their machines or remotely online.I strongly suggest you to visit Vinsautogroup.com.sg home page to learn more about this.
Bidding is very fast. Generally a car will be sold in anything from 10 to 45 seconds or so. The actual process may just look like pressing a button in a video game, but there is a real art to doing it right to avoid paying too much for a car – or equally letting it get away by holding back too much.
Sometimes cars will fail to meet their reserve price and bidding is stopped. It is then possible to make offers to the seller under the auspices of the car auction. Fewer cars sell in negotiation like this than are sold in live bidding. A good Singaporeese car exporter will handle the process of live bidding and negotiation seamlessly to get the best deals for his customers.
What happens after the car is won at auction? After a car is bought at a Singaporeese car auction, the first thing that happens is that it is moved by car transporter to the port. Once at the port, the car waits to be loaded onto a RORO ship, or waits to be loaded into a container.
While the car is in transit from the auction, the car exporter will immediately start looking for bookings on the earliest ship, as well as doing paperwork to de-register the car and pass it through Singapore-side customs.
Once on a ship, the car will take anything from a few days to over a month to reach its destination. This is mainly dependent on the distance of the destination country from Singapore. The car exporter will send the end customer the Bill of Lading, invoices, the de-registration document and any other documents that the customer requires for importing the car into his or her country. These import regulations vary from country to country so it is vital to check them before buying anything.
Car auctions in Singapore can be a great place for car dealers and car importers around the world to find really good quality used vehicles at lower prices than they would expect to be able to find locally. The huge numbers of used cars in the Singaporeese car auctions that can be viewed online is another great plus.
The key to doing this successfully is to find a top-notch Singaporeese car exporter who both can communicate well, and also steer you safely through the process of buying from the car auctions in Singapore.
If you enjoyed this article and would like to learn more, I have a huge amount of in-depth articles and videos covering every aspect of buying from the car auctions in Singapore, including details about Singaporeese car auction inspections on my company website.