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FREQUENTLY ASKED QUESTIONS

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Why N2BID?
How is your service better than other websites for private sale or auction?
Why do you claim it's "hassle free"?
How do I get 10%-25% more than typical trade-in?
How does N2BID get paid for all the services you provide when I sell my car through you?
Will I get as much money using your service as selling the car myself?
Are there any hidden fees associated with using your service?
Can I bid on other cars that are listed on N2BID so I can get the same deals that the dealers get?
Is there any limit to the number of cars I can sell on N2Bid?
What's the worst that can happen by listing my car with N2BID?
Will the dealers know what my reserve price is?
Is my personal information secure?
What is your privacy policy?
What's in it for the dealer?
How does N2BID save time and reduce risk for dealers?
Why can dealers pay more through N2BID?
What's in it for the Dealer?
Listing a Vehicle
How much does the service cost?
How long does it take to sell my car?
What do I have to show that proves I owe the car?
After the vehicle is sold, what then?
I still owe money on my car. How does that impact using N2BID?
Can I list my leased vehicle on N2BID?
What documents will I need to sign to complete the listing? To complete the sale?
How do I sign up?
Before the Auction
How is the selling price for my car set?
What does the 155 point inspection include?
I am in a hurry...how can I speed up the process?
During the Auction
Are there any limitations on my using my car after the inspection?
What if I decide to keep my car or sell it directly to someone after it is listed on N2BID?
What are the benefits of using Escrow.com?
After the Auction
After the vehicle is sold, what then?
If a dealer makes a winning bid, am I assured I will get that much money from the dealer?
Are there any "outs" for the winning dealer?
Do I have to accept any bid that is above my reserve price?
How soon can I get my money?
When do I get my check?
Who pays for title transfer and transportation once the car is sold?
Can I cancel the sale after the auction has ended?
Will I owe any taxes if I sell through N2BID?
I am ready! What's next?
What is the next step?

How is your service better than other websites for private sale or auction?
Our website is the only place where you can get the convenience of a dealer trade-in but at a better price.  The key is selling directly to dealers, and in that way we are very different than websites that help you list your vehicle for private sale.  Unlike the other websites, you will only have to schedule ONE meeting in order to sell your vehicle - the meeting with our professional vehicle inspection service.  They are happy to meet you at your work or home, and require a minimal amount of your time.  Compare this to all of the phone calls and inquiries and test drives that are part of the typical private sale.  Once this industry-standard inspection is available to the dealers, they can bid with full confidence, and they will be using the same information to value your car as we are, so there is no haggling over prices like you would have to do with your local dealer.  Because you are getting multiple dealers to bid, you are assured of getting the best possible price with the least amount of work.
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Why do you claim it's "hassle free"?

The traditional trade-in process and private sale both come with tons of hassles, and our greatest value to you is in removing these hassles from our process.  With trade-in it's difficult to know whether you are getting a fair price for your car, because the dealer can play with the cost of the new car to cover the costs.  Also, you typically don't shop for a dealer to have the new car you're looking for AND the best pricing on trade-ins, and the dealers know that.  With a private sale you can have dozens of inquiries, tire kickers wasting your time, meetings with strangers for test drives, and many weeks of waiting.  Dealing directly with N2BID's dealer network, and getting them the thorough 150 point inspection ahead of time, means no meetings, no phone calls and no wondering if you got the best price for your car, and all with minimal effort from you.

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How do I get 10%-25% more than typical trade-in?
When you sell through N2bid.com, you remove the risk, hassle and middle-men for the dealers. You do this by paying for your own inspection at our reduced rates, allowing dealers from all over the country to bid with confidence and without needing to see your vehicle in person. The process finds the dealers who are best at selling your particular make and model and who sell in markets that are paying the most for your car. So with the savings from cutting out the middlemen, and the bidding to find the dealer who can pay the most, you will typically end up with considerably more money than your local dealers could offer.
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How does N2BID get paid for all the services you provide when I sell my car through you?

One of many GREAT things about working with N2BID is that the winning dealer who successfully bids and buys your car pays ALL our fees. The ONLY thing you have to pay is the inspection fee for your vehicle! And, for a limited time, we will even refund your $99.95 inspection fee if none of the buyers in our dealer network bid at, or above, your reserve price and buy your vehicle. So, there is NOTHING to lose! Ready to get your vehicle sold? Click YES!

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Will I get as much money using your service as selling the car myself?

Most sellers can often get more for their car through a private sale if they don't mind all the hassles, tire kickers, risks and wasted time. With N2BID, you will almost always get more money than you will receive with a typical trade-in.

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Are there any hidden fees associated with using your service?

None. Period! As we mentioned before, there are no other fees paid by you except the cost for the $99.95 inspection report.

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Can I bid on other cars that are listed on N2BID so I can get the same deals that the dealers get?

Only registered auto dealers are authorized to bid on vehicles auctioned by N2BID. This helps ensure that our Sellers only deal with reputable dealers we have previously reviewed and approved.

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Is there any limit to the number of cars I can sell on N2Bid?

No, there are no limits.

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What's the worst that can happen by listing my car with N2BID?

The worse that can happen is that your reserve is not met or exceeded during the auction. If that's the case, you STILL get your money back, and you walk away with a free inspection report that might help you sell it some other way. Bottom line: you have NOTHING to lose!

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Will the dealers know what my reserve price is?

No, never. Our goal is to get you the highest bid for your car!

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Is my personal information secure?

100%. Period!

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What is your privacy policy?

Please see our policy by clicking Privacy.

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How does N2BID save time and reduce risk for dealers?
Every day thousands of vehicles are traded in at dealerships across the country. A large majority of those vehicles are not re-sold at that dealership, but instead are put up for sale at dealer auctions. The buyers for used car dealerships get a majority of their inventory through these auctions, but the process is very time consuming and risky. That’s because the vehicles have not had a professional inspection, so each buyer has to inspect every vehicle they bid on. With so many vehicles and so many buyers competing, there’s often only a few minutes to inspect each vehicle, and the majority of that time is wasted since buyers only win a small percentage of the vehicles they bid on.

 

With N2BID dealers get to see a certified 150 point inspection BEFORE they bid, so they know exactly what they're getting and can quickly determine the price they're willing to pay and bid with confidence.
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Why can dealers pay more through N2BID?
Given the risk and labor involved in getting a traded-in vehicle from the original owner to a used car dealership, the price given for a trade-in is typically discounted 10%-25% by the dealer. If on paper the trade-in value doesn’t appear to be discounted, then the dealer is making up for the difference by adding on to the price of the new vehicle. Either way, the convenience of trading in a vehicle typically costs the owner hundreds or even thousands of dollars.

 

With N2BID you cut out the middlemen, reduce the dealer's risk, and save time for the dealers who want to sell your car on their lot, and that translates into savings for them, enabling them to offer more in the competitive bidding process.
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What's in it for the Dealer?
Every day thousands of vehicles are trades in at dealerships across the country. A large majority of those vehicles are not re-sold at that dealership, put instead are put up for sale at dealer auctions. The buyers for used car dealerships get a majority of their inventory through these auctions, but the process is very time consuming and risky. That's because the vehicles have not had a professional inspection, so each buyer has to inspect every vehicle they bid on. With so many vehicles and many buyers competing there's often only a few minutes to inspect each vehicle, and the majority of that time is wasted since buyers only win a small percentage of the vehicles they bid on. Given the risk and labor involved in getting a traded-in vehicle from the original owner to a used car dealership, the price given for a trade-in is typically discounted 10%-25% by the dealer. If on paper the trade-in value doesn't appear to be discounted, the dealer is making up for the difference by adding on to the price of the new vehicle. Either way, the convenience of trading in a vehicle typically costs the owner hundreds or even thousands of dollars. When you sell through N2bid.com, you remove the risk, hassle and middle-men for the dealers. You do this by paying for your own inspection at our reduced rates, allowing dealers from all over the country to bid with confidence and without needing to see your vehicle in person. The process finds the dealers who are best at selling your particular make and model and who sell markets that are paying the most for your car. So with the saving from cutting out the middlemen, and the bidding to find the dealer who can pay the most, you will typically end up with considerably more money that your local dealers could offer.
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How much does the service cost?
You pay a "risk free" $99 for a full 150 point vehicle inspection.  We call it our "risk free" vehicle inspection fee because we will REFUND the entire $99 if you do not sell your vehicle within 15 days at or above the reserve price we establish with you.
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How long does it take to sell my car?
It typically takes 7-15 days to sell your vehicle.  After you signup for the inspection, the inspector will typically schedule a time to meet you within 3 days. After that we review the inspection to work with you on a reserve price, which typically takes 1-3 days depending on how quickly we communicate with each other. Then your vehicle information is broadcast to our dealer network and listed in the next auction. There are typically 3 auctions week. Your vehicle is automatically re-listed if there are no bids at or above your reserve price, and if it is not sold in 15 days we will refund the $99 inspection fee and you keep the 150 point inspection free of charge to help you sell your car elsewhere.
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What do I have to show that proves I owe the car?

After you sign up for our services, all you have to do is fax a copy of both your driver license as well as your vehicle title. If your vehicle is financed, we would need you to also fax us a copy of your last statement.

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After the vehicle is sold, what then?

After the auction has been won, you have several choices.  You can choose to work with our partner Escrow.com© to help with the collection of payment, title transfer and transportation, or you can choose to work directly with the dealer to finalize the transaction.  After payment has been received, the dealer will arrange and pay for transportation and title transfer.

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I still owe money on my car. How does that impact using N2BID?

You are responsible for the difference between the "Selling Price" and the balance of the loan. After your car is sold to the highest bidder, you will need to pay any remaining balance to the Escrow.com before your vehicle is picked up by the winning dealers transporter.

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Can I list my leased vehicle on N2BID?

Yes, you can! First, you need to find out about your 10 day pay-off balance, and you need to understand that you are responsible for any "Negative Equity."

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What documents will I need to sign to complete the listing? To complete the sale?

Just complete the short Vehicle Information Form here at our site andcomplete the sign up by paying $99.95 for the inspection service. Once the inspection is completed, you will need to agree to the Reserve price before we place your vehicle up for auction. Lastly, once your vehicle is successfully sold, you confirm that nothing has changed since the last inspection. That's it!

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How do I sign up?

You can sign up by paying $99 for our inspection services through our user friendly Registration page. Also, our Live Reps are always online ready to help you with chat sessions and e-mails. Our mission is to sell your vehicle for you at the highest price with the least hassles possible for you! Ready to get it done? Click Yes!

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How is the selling price for my car set?

We compare your make, model, year, condition and mileage with averages from both local and regional dealer-only auction results for similar vehicles. We then adjust the average selling price, either up or down, depending on the results of the comprehensive 155 point inspection. We then use this final figure as your reserve selling price during the auction of your vehicle. We do all the work required to establish the right reserve price for your vehicle. All you have to do is approve it. If this confidential, reserve price is met or exceeded during the auction, your vehicle is sold!

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What does the 155 point inspection include?

In addition to a 2-5 mile road test, the standard inspection report includes the condition of body and paint, dents, scratches, rust, tires and wheels, glass, interior, missing parts, oil leaks, electrical items, and drive train performance along with a comprehensive set of photos. All the dealers who are interested in your vehicle will have full access to the inspection report prior to their bid. The report will give them the confidence they need about your vehicle in order for them to offer you top dollar.

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I am in a hurry...how can I speed up the process?

Three things in your control can expedite the process: You could speed everything up by making your appointment with the inspection company as soon as you can and be sure to answer any emails and questions (like approving the reserve price) ASAP. The sooner these steps are competed, the quicker we can include your vehicle in our next auction. What is the third thing to speed up the process? Start NOW by clicking YES!

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Are there any limitations on my using my car after the inspection?

You need to limit the mileage after the inspection to no more than 500 incremental miles. Otherwise, the winning dealer would have a right to either cancel the sale or offer you less than was originally bid. Also, as you might imagine, any additional damage or wear and tear that is not covered on the 155 point inspection report could have the same result. Since the average transaction, from auction to money in your pocket, typically takes less than two weeks after the inspection, none of this is unreasonable expectations, is it?

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What if I decide to keep my car or sell it directly to someone after it is listed on N2BID?

It is your car and you can, of course, choose whatever method you want to sell it. However, once you pay the $99.95 and sign up with N2BID, you are committed to the process and cannot sell it yourself during the 2-3 weeks it typically takes to complete the auction. If your vehicle successfully sells during the auction, you collect the proceeds. If the auction ends and your vehicle did not receive bids matching or exceeding the reserve price, you are free to re-list your car with us or sell it yourself.

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What are the benefits of using Escrow.com?

Same as when you are buying a house through an escrow company, Escrow.com adds more assurance and peace of mind to both the buying dealer and the selling vehicle owner. With Escrow.com: Buyer and Seller agree to terms; Buyer pays amount of winning bid into Escrow.com and arranges transportation of your vehicle to their location; Buyer compares car to inspection report and accepts car; Escrow.com pays Seller.

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After the vehicle is sold, what then?

After the auction has been won, you have several choices.  You can choose to work with our partner Escrow.com® to help with the collection of payment, title transfer and transportation, or you can choose to work directly with the dealer to finalize the transaction.  After payment has been received, the dealer will arrange and pay for transportation and title transfer.

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If a dealer makes a winning bid, am I assured I will get that much money from the dealer?

All transactions with N2BID are handled through Escrow.com to ensure all steps are handled properly by both sides of the transaction. If both your mileage, and the vehicle condition, meets the above post-inspection conditions, the winning dealer is obligated to complete the transaction at the price that was bid.

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Are there any "outs" for the winning dealer?

After the winning dealer receives your car, they have the right to inspect it to ensure the car still complies with the inspection report. Obviously, if the car has been damaged or has had excessive, incremental mileage, the dealer would not be obligated to complete the transaction. Remember, all dealers have the opportunity to review your 155 point inspection report online prior to them submitting a bid.

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Do I have to accept any bid that is above my reserve price?

Yes. You get to make the decision if you agree with our recommended reserve price. If you agree, N2BID will auction your vehicle. If you do not agree, you can sell your vehicle through any other means you believe might net you more money. Once you agree and approve the reserve price before the auction, our staff would sell your car to the highest bid that meets, or exceeds, the reserve price.

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How soon can I get my money?

The whole transaction generally takes approximately 2-3 weeks, including the time to have your vehicle inspected.

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When do I get my check?

As soon as we get the final inspection OK from the winning dealer that your vehicle matches the results of the inspection report, Escrow.com would be authorized to release the funds to you and any lender you might have used to finance your vehicle.

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Who pays for title transfer and transportation once the car is sold?

All those fees and costs are paid either by us or the winning dealer. Remember, your total cost is what you pay for your vehicle to be inspected. Period!

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Can I cancel the sale after the auction has ended?

N2BID's buyer and seller agreements bind both parties to complete the deal without cancelling the sale after the auction, assuming your vehicle matches the inspection report.

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Will I owe any taxes if I sell through N2BID?

No, there are no taxes that are payable by you on this transaction.

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What is the next step?

Click YES to sell your vehicle NOW the no hassle way!

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