| The days of spending hour after hour for days | | | | and the auction was listed for a very low initial bid, |
| walking through car lots are all but gone. The modern | | | | they can get great deals for potentially thousands |
| car purchaser has many tools at his disposal. The | | | | below the value of a car. |
| chief tool is the internet. | | | | The other reason people look at no reserve car |
| People can now watch videos to see reviews of cars | | | | auctions is to establish a comparison price with other |
| from real owners and in some cases, they can see | | | | cars. They know that they shouldn't just assume |
| videos of the cars they are considering purchasing. | | | | that a car has a great price because it is in a no |
| The most popular use of the internet, however, is | | | | reserve auction, but they can compare it to other |
| looking for cars for sale online. There are millions of | | | | cars for the best deal possible. |
| searches monthly for cars for sale and specifically for | | | | It would be easy to assume that only private sellers |
| no reserve cars. | | | | are selling their cars online, but dealers are selling new |
| A no reserve auction means that the lowest current | | | | and used cars online. Some of these dealers go the |
| bid for the item wins. There is no reserve price that | | | | extra mile for the internet sale. |
| a bidder must bid above. | | | | For the modern car buyer, looking for best pricing on |
| People are looking for car auctions with no reserve | | | | autos or looking for antique, classic, or exotic cars |
| pricing for two reasons. First, they are trying to get | | | | that are difficult to find locally, online auctions are a |
| the best deal possible. If nobody else enters a bid, | | | | powerful tool. |