DealDash Tips

DealDash.com still has three new vehicles up for auction.

When I checked this morning, the 2018 Chevrolet Cruze Sedan LS – Automatic was down to 7 active bidders, the 2018 Toyota RAV4 LE FWD – Automatic was down to 6 active bidders and the 2018 Nissan Frontier King Cab S 4-Cyl – 5-Speed Automatic was down to 7 active bidders.

Last night, however, the Toyota and the Nissan truck were both down to only four active bidders and it looked like they both might close early. Now it looks like these auctions might be going for a long time yet.

One thing for sure is that when bidding on vehicles that are valued at $19,000–$28,000–and $25,000 just having a lot of bids to invest might not be enough. Knowing when and how to use our bids might be a lot more important.

First, we know it’s going to take a large number of bids to win one of these vehicles. If we have 20,000 bids and put 10,000 bids on the Toyota and 10,000 bids on the Nissan truck, would we have a better chance to win or would we have a better chance of winning if we put all 20,000 bids on only one of them? It’s something to think about.

Because the Chevrolet will be 50 percent off to the winner, I anticipated that auction would run longer. Even if it sells at $12,000.00 the winner would only have to pay $6,000.00. Still, many bidders will soon drop out because they might not have enough money to cover the selling cost.

Winners will have to pay the full selling (closing) price of the other two vehicles. Therefore, I anticipate those two vehicles will sell for a lesser amount. One strategy would be to wait until the auction gets down to the last two or three bidders and then add 500 to 1,000 bids at a time.

We must keep in mind that the more we have to win, the more we have to lose, too. Some shoppers are not willing to risk too much, especially if they cannot afford to purchase the vehicles if they lose. Whatever we decide to do, these vehicle auctions are not going to be an easy win, but how thrilling to those who do!

Blog posts are written by real DealDash customers. The opinions and advice here represent our customers’ views and not those of the company. This sponsored blog post was submitted by: Barbara L. Sellers. Barbara was compensated by DealDash for this blog post. 

When shopping on DealDash.com I need to know who you are and you need to know who I am, too. What do I mean?

Recognizing screen names of other competitors is very important. Knowing the auctions we do not want to play are just as important as knowing the auctions we do want to play. This becomes even more important if we are on a tight budget and do not have many bids to win auctions.

Benjamin Franklin once wrote, “A penny saved is a penny earned.”  That is good to remember when shopping on DealDash. Instead, we could say, “A bid saved, is a bid earned.” It’s one more bid we can use to win an auction, and sometimes that is all it takes to win — just one bid or one bid more.

Make a List

I made a list of screen names I try to avoid bidding with in the same auctions. My list is based on the following criteria:

• Does this same screen name show up several times every week on the “Winners’ List?”
• Does this screen name win several high-dollar auctions?
• Does this screen name drive up the selling cost of auctions by using a ridiculously high number of bids to win and/or over-bids the value of auction products on a regular basis?
• Does this screen name often win large bid packs?
• Did this screen name start shopping on DealDash several years ago, or is he/she a Newbie who does not yet know how to play smart?
• Does this screen name include two people who might be combining incomes to buy more bids?

These are some of questions I ask myself when I update my list of competitor’s to avoid.

Blog posts are written by real DealDash customers. The opinions and advice here represent our customers’ views and not those of the company. This sponsored blog post was submitted by: Barbara L. Sellers. Barbara was compensated by DealDash for this blog post.