For Sellers:
Step 1: Sign Up and List Your Car
To get started, simply create an account on our platform. You need to verify your identity to ensure you are the lawful owner of your vehicle and agree to our terms and conditions.Once you're logged in, click “Create A Listing +” and fill out the details about the vehicle you want to auction. You'll need to provide information such as:
- VIN (Vehicle Identification Number)
- Vehicle condition and mileage
- Vehicle title and any other important details
- Photos and at least one video with your car’s engine running
The more detailed your listing, the better your chances of getting the best and highest offers from potential buyers.
Step 2: Set Your Reserve Price
You will need to set a Reserve Price, which is the minimum amount you’re willing to accept for your car. If the bidding doesn’t meet your reserve price, you are not obligated to sell. This gives you peace of mind knowing you won’t sell your car for less than what you’re comfortable with.
However, with our advanced platform, you could directly negotiate with the top bidders to make a deal the same day!
You can also run your auction as No Reserve, meaning you would sell to the highest bidder at whatever amount the auction ends. This usually creates bidding wars and results in higher than expected prices.
Step 3: Choose to LAUNCH Yourself or Let Us Pre-LAUNCH It!
After choosing your pricing method, you could either LAUNCH the auction yourself by choosing the auction types:
- Fast Auction : 1 hour visibility in Upcoming page before going Live for 1 more hour
- Vast Auction : 24 hours visibility in Upcoming page before going Live for 3 more hours
- Buy Now : 72 hours visibility in Buy Now page for a firm price your willing to sell.
Or have us to verify your listing by going through the entire information you have given about your car and make adjustments and ask for more necessary documentation before you choose the auction type mentioned above. This service will create more confidence for bidders to put out their best and for you to achieve the best outcome for your sale.
*Every listing will come with a CARFAX report available to bidders to review. These reports will also confirm he accuracy of some of the important information about your car such as previous claims/accidents and mileage records.
Step 4: Monitor the Auction
You can monitor the auction progress in real-time. Our platform provides live updates on the current highest bid, the number of bids, and time remaining. Feel free to answer any questions from interested buyers inside our easy to use Q&A section.
Step 5: Auction Ends
Once the auction time expires, the highest bid (if it meets or exceeds your reserve price) wins. You’ll receive an instant notification of the result and instructions on how to proceed with the sale. If your reserve price was not met, you will have the option to negotiate with the top bidder for the next best possible price. Make sure you negotiate before the time for this option runs out!
Step 6: Complete the Sale
If your car sells, you will have the option to either drop off the car to your buyer’s location for faster payout or request the buyer to make arrangement for pick up which is usually doe within 3 business days. Our platform will generate bill of sale for your convince. On the time of meeting with your buyer, they will walk around the vehicle just to make sure everything aligns with how it was disclosed at the auction. Then they will pay you right on spot and you hand over the keys and all the necessary documents to them. That is of course if you do not owe any money on your vehicle.
If you do have a lien or other loans, please refer to Active Liens and Loans section in our Terms & Conditions.
For Buyers:
Step 1: Sign Up and Browse Listings
To create an account to bid and purchase vehicles you must first be verified as a dealer by LAUNCH team and agree to our terms and conditions. After that, you can browse hundreds of car listings from your local private sellers. Use our search filters to narrow down your options based on factors like make, model, year, mileage, and distance to the sellers’ locations.
Step 2: Place Your Bid
Once you find a car you’re interested in, you can place a bid and a proxy bid (the maximum amount you are willing to bid automatically). Make sure to review the available CARFAX report, go through all the details disclosed by the seller, and do your own due diligence prior to bidding. Keep in mind, auctions are time-sensitive, so make sure to monitor your bid until the auction ends.
Step 3: Watch the Auction Progress
You can track the live status of the auction you’re bidding in. The countdown timer will show you how much time is left before the auction closes, and you’ll be notified if someone outbids you. During the auction you can ask sellers questions regarding their vehicles and
Step 4: Win the Auction
If you have the highest bid when the auction ends and seller’s reserve has been met, congratulations! You’ll receive a notification that you’ve won the auction and instructions for completing the purchase. Winning an auction, means you have a binding agreement to complete transaction. Wait for the seller’s choice of delivery and then make arrangement for your meeting with them.
Step 5: Complete the Purchase
On the day you meet with the sellers, check around the vehicles, make sure the important details are as described in the auctions. Have certified funds ready to pay to the sellers in exchange for the keys and titles!
