Online Car Auctions
RideSafely.com and other online salvage auction sites offer a great service to the public. Our whole purpose is to provide the average consumer a chance at acquiring a salvage or reconstructed vehicle at a fraction of the typical retail price.
Doing this can sometimes involve a slightly complicated process. Because the vast majority of salvage listings come from insurance auctions which are closed to the public, online salvage auctions must act as a broker between you and the insurance auction. By placing a bid in most listings, you are essentially authorizing a licensed dealer to bid on your behalf.
Additionally, we want to verify the legitimacy of all of our customers so that someone does not win an auction only to not be able to pay, leaving the low bidders in an unfair position. For these reasons and more, buying on online auctions involves a multi-step process with some confirmation steps that apply to new users.
Setting up an Account
Opening an account on RideSafely.com is as simple as registering for any social media website or forum. Once you enter in all your information, you will also have to set up a payment link via bank account wire transfer, cashier’s check or money order.
Due to security reasons we can no longer accept any other forms of payment. We will also need to confirm your real identity one you have won an auction to prevent any form of fraud.
Bidding on Salvage Cars
Online auction cars for sale are not unlike other online bidding sites, such as eBay. You simply place your maximum amount and compete with other similar bidders. The major difference is that you must confirm your bid with a partial deposit as a sign of solvency and good faith.
Any bid placed will be designated as “Pending“, and the bidder must confirm this bid with a deposit amount of either $400 or 10 percent of the total bid amount – whichever is higher. Once the bid has a deposit to back it up, it is considered “Active“.
The customer with the highest Active bid at the end of the auction wins, whereupon they will be notified. Your participating affiliated dealer will then acquire the vehicle for you.
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