Reserve vs No Reserve and starting bid

How does it work?

• Reserve: the unit sells only if bidding reaches your reserve price. The reserve is private — bidders never see it.
• No Reserve: the highest bid at the close wins, whatever the amount.
• Starting bid: where bidding begins (at least $100 CAD). Bidders see it. With a reserve it cannot be above the reserve. RideAuction may adjust it when approving.
• Audience and preferred auction are requests; RideAuction makes the final choice. A Trusted Dealer instead chooses the auction, and the unit is placed in it when submitted; the starting bid and reserve are used exactly as you enter them.

What do I need to do?

• Choose Reserve or No Reserve.
• Enter the reserve (Reserve only) and the starting bid.
• Choose “Save and continue”.

What happens next?

Step 7: Review & submit.