"Log
on for bid savings"
Friday, January 16 2004
Article
in Award Winning Sun Motors paper
A
new internet car auction site puts buyers in the driving seat – by
allowing them to dictate the terms of the deal, rather than
suppliers.
Consumers
can now log on to autoeBid.com, then sit back and watch as car
dealers and supermarkets battle it out for their business on-line.
All
buyers have to do is specify the model they are interested in and
the maximum price they will pay.
Then
they can relax as car suppliers from across the UK start a bidding
war.
AutoeBid.com
are claiming discounts as high as 30 per cent and an average 10 per
cent on a full range of
every model and brand of new car. Amin Saleem, founder of
autoeBid.com says: “Our reverse auction turns the traditional
process of car buying on its head and puts the buyer in the driving
seat, dictating the deal rather than the supplier.”
As
a guide for both buyer and supplier, autoeBid displays on-screen the
best price it has been able to source. But if the buyer can find a
better price independently, this can also be displayed as a target
for dealers.
To
guarantee peace of mind, both buyer’s deposit and the balance for
the vehicle are paid into a secure account controlled by the
independent Fortis Bank.
This
gives the buyer full control over the release of their money, until
they have taken delivery of the car and are fully satisfied with it.
The buyer does pay a finders’ fee of one per cent of the purchase
price, or £250 – which ever is the greater – to autoeBid,
instead of commission.
This
fee is pre-authorised via Barclays Merchant Services before the
buyer can enter the reverse auction.
This
shows suppliers a commitment to buy and encourages them to offer the
best price to win the order.
AutoeBid.com
also offers a Group Buying Scheme where, if more than five people
are looking for the same vehicle, it will negotiate a bulk discount
to win all the business, which can save buyers an additional five
per cent.
MOTORS
SAYS: On
first glance the new on-line system is well worth checking out. But
remember car supermarkets and even main dealers are offering some
incredible bargains at the moment. Our best advise is check both out
and do your research before committing. Below are some examples of
the deals and discounts offered by autoeBid.com
click
here to view other articles |
