Autohacker’s Digest

Become an Auction Ninja and Watch Out for New Scam at Auctions [Autohacker’s Digest]

Last edit: June 09 2024 • 413 view

Become an Auction Ninja and Watch Out for New Scam at Auctions!

Welcome to AutoHackers’ Weekly Digest – June 09, 2024

Every week, I share insights from running salvage auto auction marketplaces CARS4.BID. The goal of this digest is to help you avoid common mistakes when buying at auctions and to assist you in purchasing your dream car at the best possible price!

New features for CARS4.BID

Took longer than expected, but I am so excited! Wow! Auction Ninja is now part of the CARS4.BID infrastructure. Enjoy it!

We track new lots added, and you can see how many new lots have been added since the last time you checked.

  • Filter by Color

You can narrow your search down to the specific color you’re looking for.

  • Filter by State and then Filter by Auction Facility

This is the feature many of you have been asking for. In addition to searching by distance radius, you can now search for all cars at the closest facility to you. Save this search and be the first to know about new cars added to the auction run.

If you have an idea for a new feature that we’re missing, reply to this email and let me know. I am here for you, guys!

Screenshot of saved searches feature showing new lot notifications on CARS4.BID

VIP bidding assistance

My team goes above and beyond to help our customers seal the best deals possible. Sometimes it takes half a day to win that final bid and celebrate the victory! We started at 8:14 a.m., when Ed from my team notified Аlbertro Еstrada that he was outbid at $10,200. Slowly, message after message, we reached an $18,500 bid and sealed the deal for the truck at $18,300 at 12:24pm during the live auction!

Truck retails at over $90,000 by the way!

VIP bidding assistance gets you the full attention of my team and VIP support. We can bid on your behalf via text message, bid on multiple vehicles simultaneously to win one, and perform a lot analysis to minimize risks (minimize Auction scam) before we even start bidding. Usually priced at $497, now you can get it as part of my Starter Kit for the low price of $49.95. Buy it now while it’s still available; you have 6 months to activate it.

Screenshot of live bidding chat showing auction win messages on CARS4.BID

New SCAM at auctions

We were bidding on a Fisker Ocean this week and won it at $15,125. However, the insurance company did not sell it. They set reserve at $22K, as the retail price was set at $64,109. Wow! Haha!

Did they even check the current prices for this car at any car marketplaces?

These cars went from $70K (once released) to $35K new within 6 months. The one we were bidding on was brand new with 6 miles; delivery went bad, and it got side damage. Brand new car is worth $45,000, while the one with side damage is not worth more than $15K.

So, before bidding, make sure you know the current market price of the car you are going to bid on, so avoid SCAM like that.

Screenshot of 2023 Fisker Ocean lot page highlighting retail price scam on CARS4.BID

Cheapest buy of the week at CARS4.BID

2005 Nissan Maxima

Sold for $600! High mileage and repossession, but still a very good deal!

2005 Nissan Maxima parked at an auto auction lot

My choice of the week

2016 Audi S4. Sold for $8,100!

Minor front damage, good mileage, and an excellent savings!

2016 Audi S4 with front and side damage parked indoors

$25 deal

2005 ACURA TL sold at IAAI just for $25!

Right side damage, and decent condition. Good for parts.

2005 Acura TL with right side damage parked at auction

$90 deal

2010 MAZDA 6 sold at Copart for $90.

Vandalism damage. Run and drive condition. But you cannot go wrong with $90 for a car!

2002 Chevrolet Trailblazer with front and glass damage parked outside

$100 deal

2002 CHEVROLET TRAILBLAZER sold at IAAI for $100.

Impossible, right?! Well, great deal happens daily!

2002 Chevrolet Trailblazer parked inside an auction warehouse

Thank you for reading my digest, and have a great day!

Portrait of Andrew Ivanov smiling against a gray background

Andrew AutoHacker

P.S. If you enjoyed my digest, you might also like my Facebook community of Autohackers. I share my knowledge there daily. My primary goal is to assist you in finding your dream car at a 50% discount. Join the community and benefit from the valuable information and insights I provide!

Screenshot of community join page with founder introduction on CARS4.BID

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