1 Register to Bid NFI Auctions has a very high success rate. This is due to our process of making sure our buyers and sellers are both real and qualified. Registering to bid protects our sellers against closing out an auction with a winner who does not have the ability to purchase. Qualifying our seller protects our bidders to ensure what they are bidding on is real and can be sold.
2 Bidding When bidding, a 5% hold is put on a credit card or escrowed via debit /ACH deposit. All bids are verified by a credit card hold to secure commitment of prospective buyers. When a bid is submitted, a hold is placed on the credit card for 5% of the bid amount. When the auction closes, the hold is released, and / or escrow deposits are returned, for all bidders who did not win the auction.
3 Winning If the auction reserve is met when the listing ends (or the auction has no reserve), NFIAuctions will work directly with the winning bidder to complete the sale. NFIAuctions will work to complete the transaction and arrange for shipping if necessary. NFIAuctions will work with NFI Empire to complete vehicle registration if requested or required. If the auction reserve is not met when the listing ends, NFIAuctions will work with the high bidder and the seller in hopes that they can work out a deal.
1 Submit your Vehicle We choose which vehicles we list based on a number of factors. The biggest factors are: do we like it, would we drive it and is it cool? What is cool? It depends on emotion, condition, rarity, reserve price, documentation, etc.
2 Final Approval Once approved, we will set the date for listing and create the detailed content including photos and videos. All will be approved by you prior to going live.
3 GO TIME! The white glove service to market, detail, and full transparency for various inspections launch, ultimately broadcasting your vehicle globally and selling to the highest bidder.