You already know that Bid Electric is an auction style marketplace for Electric Vehicles, but that doesn’t tell the full story.

We’re focused on Electric Vehicles: That means we bring the right audience to your listing, people who are specifically interested in EV’s

Our fees are low. Sellers list for free, and the buyer’s fee is just 3%, — far below other auction houses and enthusiast car auction websites.

We believe that every vehicle should come with a vehicle history report – so we provide one, for free, instead of asking sellers to pay for their own.

We run targeted ads for your listing to bring extra eyes – and extra buyers – to your cars. Through targeted ads that reach thousands of EV enthusiasts, we’ll bring more eyes to your EV than any other platform.

We’ll sell your car quick– While other car auctions take weeks or even months to get your car listed and available to buyers, we’ll get your car listed quickly – and we’ll even take your input on scheduling your car’s auction.

Bid Electric makes it easy to submit your car for sale. We value your time by asking for only a few crucial details before letting you know whether or not we’re accepting your vehicle. That means you don’t have to waste your time providing initial information only to have your car rejected.

Bid Electric is the most user-friendly online automotive marketplace, with easy sorting and searching – and simplified auctions that tell you exactly what you need to know about each vehicle.

How It Works

Buying a Car

Once you’ve found a car you’re interested in, here are the steps you should take to place bids confidently and win the auction!

  1. Register to Bid

    To contact the seller directly and place bids, you must first Register to Bid with a valid credit card and phone number. Winning bidders pay Bid Electric a 3% buyer’s fee on top of the winning bid amount (Capped at $3,000 for sales over $100,000).

  2. Perform Due Diligence

    While we’ve tried to make buying a car online as safe and easy as possible, it’s ultimately your responsibility to perform your own due diligence and make sure that the car you’re considering is right for you – prior to placing a bid.
    • Review the listing thoroughly, including known flaws, the vehicle history report, recent maintenance, photos, etc.

    • Ask the seller – via comments – any questions that you may have about the vehicle.

    • Arrange to inspect the vehicle in person or work with the seller to schedule a pre-purchase inspection (“PPI”) at a reputable shop in their area (at your cost).

  3. Bid
    • When you bid, we place a hold on your credit card for the buyer’s fee – if you win, your card will be charged and you will pay the seller directly for the vehicle, otherwise, the hold will be released at the auction’s end.

    • Bids are binding, so only bid if you fully intend to purchase the car and you have performed the requisite due diligence, because you might end up as the high bidder and there are no refunds.

    • To ensure the bidding process is fair for everyone, bids placed within the final minute of the auction will reset the auction’s time remaining back to 1 minute – giving others the opportunity to bid.

  4. Win the Auction

    To buy a car on Bid Electric, you must win the auction by ultimately being the highest bidder – and, if the auction has a “Reserve,” by placing a bid that meets or exceeds the seller’s hidden “Reserve” price. If the auction has “No Reserve,” then the highest bidder wins it regardless of the amount they bid.

    After the auction closes, you’ll be provided with the seller’s contact information and vice-versa, in order to finalize the details and logistics of the transaction. Buyers are expected to pay for the vehicle in-full within a week of the auction closing. 

Selling a Car

  1. Submit your car

It’s free to submit your car. We simply ask you for a few details – including the VIN, some photos, and a brief description of the car. You can also choose whether you want to set a reserve price, or if you want your vehicle to be sold with no reserve. A reserve price is a minimum value you’ll accept in order to sell your car – and while a reserve auction may seem like an appealing choice, we’ve found that vehicles offered with no reserve get more bids, more interest, and more attention.

If you choose a reserve auction, we’ll ask you to suggest a reserve price – but, based on market conditions, we may ask for a lower one before accepting your car. Keep in mind that all of our auctions start from $0, regardless of whether or not they have a reserve.

Our experienced auction team will review your submission and may ask you some follow-up questions. We will do our best to give you an answer within a business day.

Prepare Your Listing
Once your submission is accepted, we’ll need some additional information from you – like detailed photos, service and ownership history, etc. Don’t worry – we’re here to help you throughout the process!

Before you can sell on Bid Electric, your car must not be listed for sale elsewhere – meaning you’ll have to remove any other advertisement for your car and you cannot accept offers outside of the auction.

Take excellent photos of your car to get top dollar

Review the process for transferring vehicle titles in your state – and, if you have a loan on the vehicle, review the process and timeline for paying it off with your lender.

Get ready for a thrilling 7-day auction and be prepared to engage with the community and answer questions as they arise.

Finalize Your Auction

Once you’ve provided us with all of the necessary information and photos, we’ll create a draft of your listing for you to approve. Once you’ve reviewed and approved it, we’ll work with you to schedule your auction, and it will go live shortly thereafter!

Participate in the Auction

Timely and positive seller participation in the auction – responding to comments and questions, providing additional pictures or videos as needed, etc – is crucial to a successful auction. Good seller participation will result in additional interest, more bids, and a higher final sale price.

Interested bidders may contact you directly via email using the “Contact Seller” feature, allowing them to schedule test drives, pre-purchase inspections (at their cost), and ask additional questions.

Enjoy the final minutes – many of our auctions end with thrilling bidding wars, so get ready!

Auction End

Once your auction ends, you’ll be given the buyer’s contact information and vice-versa, in order to finalize the details and logistics of the transaction. 

If your auction had a reserve and it was not met, we’ll reach out to you and the highest bidder to see if we can help make a deal!

Finalizing the Sale

Once a car is sold on Bid Electric, we connect the buyer and seller so they can complete the vehicle sale directly. Here are our recommendations and tips for ensuring a successful post-auction transaction – and remember, we’re here to help!

  1. Make Contact

    • Reach out to the other party to introduce yourself as soon as the auction ends, and remember to stay polite and positive to ensure the process goes smoothly.

    • We recommend that the seller provides proof of ownership to the buyer – usually, that’s a photocopy or picture of the title and registration.

  2. Payment & Documentation

    • Buyers are expected to pay for the vehicle in full within a week of the auction closing.

    • If there’s an outstanding loan on the vehicle, the buyer and seller should discuss how it will be paid off and the specific next steps, so that the buyer can complete the transaction safely.

      • If the seller has funds to pay it off, they should do so as soon as possible, and provide proof from the lender that it has been paid off.

      • If the seller does not have the funds, the buyer may be able to pay the outstanding amount owed directly to the lender and then pay the remainder of the purchase price to the seller.

    • An accurate Bill of Sale should be created, including the terms of the transaction, to be signed by both parties; we recommend checking with your state DMV for Bill of Sale templates and requirements.

    • We recommend wire transfers or cashier’s checks for payment, but there are many possible options – including meeting at the buyer’s/seller’s bank to draft up a cashier’s check, withdrawing the funds directly, or completing an electronic money transfer.

    • Arrange for the car to be picked up and finalize the transaction. The vehicle and title should only be released once the seller has the full payment in hand. If the transaction is happening remotely, the seller should mail the signed-over title to the buyer via courier service with a tracking number once payment is in hand.

  3. Share your Success Story

    Email us a photo of the handoff to share your success story – we’d love to hear about it!