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.

Definition

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.

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.

No Reserve

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

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