When a Reserve auction ends and the Reserve has not been met, the listed item will be put into Final Bid. During the Final Bid period, all previous bids are deleted and the auction restarts at a price just shy of the reserve price set by the seller. The first person to place a bid is the winner of the auction, and the commission fee is lowered from 3% to just 1% of the final sale price. The Final Bid period gives buyers a second chance to purchase the listed vehicle while saving thousands of dollars by paying a 1% commission fee.