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Before you sell

About the auction After the auction About Autorola.co.uk

Can I set my own reserve price?

You can set any reserve price you like but be careful not to ask an unrealistic price or you risk fewer bids or no sale at all. The reserve price must be your "lowest price" and not what you expect as the final price. Our experience shows the following: The lower the reserve price, the higher the level of dealer interest - this is due to bidders misconception that their chances of purchasing the vehicle are escalated. In reality their chances of purchasing at a lower price decline. Bidding activity increases due to like minded dealers also wishing to purchase the car at a lower price, this has the reverse effect, driving the sale price up. You receive the best price the first time the car is registered for auction - this is because many dealers will not spend time bidding on the same car repeatedly. If they feel the reserve price was unrealistic the first time round, then they ignore the car in subsequent auctions. In the first instance you are advised to work out what price you willing to settle for. Remember! Autorola.co.uk is an auction, so you can easily receive a price significantly above your reserve price. Our users tend to research beforehand what price a local dealer will offer for their car. They then often use this quoted price to constitute the reserve price. This process allows Autorola.co.uk to find someone who will place a higher bid.

Related questions
»	How much do you charge to sell my car?
»	How do I set a realistic price for my vehicle?
»	How quickly will my car get sold?
»	Can I set my own reserve price?
»	Is my auction registration legally binding?
»	This is the first time I have used the site, what do I have to do?
»	Is it free to get a car valuation?
»	What happens if my car does not reach the reserve price?
»	Do I have to sell my car when I create a user account?
»	Is it difficult to describe the condition of my car?
»	How do I get the optimal price for my car?
»	What is the best method to set a reserve price?
»	What benefits are gained through registering?
»	What information do I have to provide about the car?
»	How do I create an accurate car description?
»	What types of vehicles can be sold?
»	Is it free to create a user account?
»	Why should I sell my car now?
»	Is there an alternative if I do not have the time to compile a car description?
»	Why is it important that I describe the car accurately?
»	Where can I get help with describing my car?
»	I cannot complete my car description, what should I do?

Telephone support

Weekdays 09:00 - 17:30 | Telephone: 01625 507000
E-mail: customercentre@autorola.co.uk

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Can I set my own reserve price?

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