
BIDDING TERMS AND CONDITIONS
- BINDING NATURE OF BIDS By placing a bid on BIDR Auctions ("the Platform"), you ("the Bidder") acknowledge and agree that:
- Each bid placed constitutes a legally binding offer to purchase the vehicle at the bid amount
- All bids are final and cannot be retracted
- Winning a bid creates a legally enforceable contract between you and the seller
- You are financially responsible for completing the purchase if you are the winning bidder
- BIDDER ELIGIBILITY To place bids, you confirm that you:
- Are at least 18 years of age
- Have a valid credit card on file
- Have provided accurate personal information
- Have the legal capacity to enter into binding contracts
- Are not under any restriction that prevents you from bidding or purchasing vehicles
- FINANCIAL RESPONSIBILITY By placing a bid, you acknowledge:
- A hold may be placed on your credit card during active bidding
- If you win, you are obligated to pay:
- The final winning bid amount
- The 4% buyer's premium
- Any applicable taxes and fees
- Shipping costs (if applicable)
- Payment must be completed within 7 days of auction end
- BIDDING PROCESS You understand that:
- The Platform uses an automatic extension system for last-minute bids
- Bids cannot be canceled or retracted once placed
- The highest valid bid at auction close wins
- Shill bidding or artificial price manipulation is strictly prohibited
- VERIFICATION AND INSPECTION You acknowledge that:
- Vehicle descriptions are provided by sellers
- While BIDR Auctions verifies seller documentation, we do not physically inspect vehicles
- It is your responsibility to review all available information
- You are encouraged to ask questions before bidding
- You may arrange for independent inspection (with seller approval)
- POST-AUCTION OBLIGATIONS If you are the winning bidder, you agree to:
- Complete payment within 7 days
- Arrange vehicle pickup/shipping within 14 days
- Communicate promptly with the seller
- Sign all necessary transfer documentation
- Complete the transaction as agreed
- BREACH AND CONSEQUENCES You understand that failure to complete a winning purchase may result in:
- Forfeiture of any deposits
- Suspension or termination of your BIDR Auctions account
- Legal action to enforce the sale
- Being banned from future participation
- Reporting to credit agencies
- DISPUTE RESOLUTION
- All disputes will be handled according to BIDR Auctions' dispute resolution policy
- BIDR Auctions serves as a facilitator and is not responsible for disputes between buyers and sellers
- All parties agree to attempt good-faith resolution before pursuing legal action
- MODIFICATION OF TERMS
- BIDR Auctions reserves the right to modify these terms
- Changes will be effective upon posting to the Platform
- Continued use constitutes acceptance of modified terms
- ACKNOWLEDGMENT By placing a bid, you confirm that you:
- Have read and understood these terms
- Accept all conditions and responsibilities
- Agree to be bound by these terms
- Understand the financial obligations involved