No Reserve

An auction where the vehicle will sell regardless of the final bid price. No-reserve auctions tend to attract more bidders.

Definition

An auction where the vehicle will sell regardless of the final bid price. No-reserve auctions tend to attract more bidders.

Related Terms

Buy Now

An auction listing option that allows a buyer to purchase the vehicle immediately at a set price, bypassing the competitive bidding process.

Reserve

A minimum price set by the seller below which the vehicle will not be sold. If bidding doesn't reach the reserve, the sale doesn't complete.

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