Yes, there are a few different types of online auto auctions, which you can often find through platforms like Online Auto Auctions on the App Store.
The main difference is how the bidding happens:
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Live Online Auctions: These are like traditional auctions but on your computer. Bidding happens in real-time over a set time, and vehicles are sold quickly.
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Timed Auctions: These run for a set number of days or hours. You can place bids at any time during this period, and the highest bid wins when the time runs out.
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"Buy Now" Options: Some platforms offer a set price on a vehicle, so you can skip the bidding entirely and buy it right away.
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Blind Auctions: In this type, you cannot see what other people are bidding, making it harder to know how high to go.
These types allow for different strategies and offer various kinds of vehicles, from used cars to salvage titles.
