What Does No Reserve Mean - The good part about an auction is that you could get more than what you expected, but only if you have multiple bidders competing. If you’re a seller, no reserve car auctions can be an attractive option as they have the potential to draw the largest quantity of eager bidders who smell the possibility of buying a car at a bargain. Web think of the reserve as the least amount you’d take from a classified ad. Web one of those phrases is “no reserve” and while the concept is relatively simple, it can be confusing to see when it’s pinned next to any auction details or images. If the asking price is $20,000, but you'd take $18,000, that lower value should be the reserve price. Web a no reserve car auction is one where the car will be sold under the hammer regardless of at what price.
Web one of those phrases is “no reserve” and while the concept is relatively simple, it can be confusing to see when it’s pinned next to any auction details or images. The good part about an auction is that you could get more than what you expected, but only if you have multiple bidders competing. If you’re a seller, no reserve car auctions can be an attractive option as they have the potential to draw the largest quantity of eager bidders who smell the possibility of buying a car at a bargain. Web think of the reserve as the least amount you’d take from a classified ad. Web a no reserve car auction is one where the car will be sold under the hammer regardless of at what price. If the asking price is $20,000, but you'd take $18,000, that lower value should be the reserve price.