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Through our Droom Auction pricing format, Droom Auction allows buying and selling of automobiles using a bidding process wherein vehicle is sold to highest bidder. By providing this trading mechanism, we allow buyers to buy vehicles at unique prices. Registered buyers can participate in the auction and can make unlimited bids. Droom Auction specifies the minimum bid value and also the minimum bid increment value. Listing gets deactivated when auction is over, or the highest bidder pays the 2% - 3% token amount. The highest bidder is obligated to buy the vehicle, and can meet the seller to close the deal.
Buyers can buy at their own chosen price
Buyer may buy at a price lower than market price
Seller can test the market value of the product
Seller may get a higher value than the reserved price
Starting bid is the minimum first bid made by droom. droom sets a minimum value for each auction depending upon the type of vehicle. The starting bid is ₹999 for motorcycles and scooters, and ₹9999 for cars.
Reserved Price is the minimum price that the auction must reach for the transaction to close
Minimum Bid Increment is the minimum increment value between two consecutive bids made by same or different bidders. This value is explicitly specified by droom.Buy Now is an option to purchase the vehicle for the given amount without participating in auction.
Auction Duration is the time for which auction is active.Current Bid Price is the current highest bid made by the bidder participating in the auction.
Automatic bidding is the systemized bidding process automatically done by the system on behalf of the bidder, wherein bidder sets the highest bid amount he wants to pay. The bidder specifies the highest bid value into the system, and system automatically bids on his behalf. The bid made is more than the current bid price and increased by minimum bid increment.
The automobile market is a sizeable market with plenty of buyers and sellers eager to transact. We, at droom, are here to help you minimize the angst in the automobile selling
One way droom is tranquilizing these pain points is by introducing different pricing formats . We provide three pricing formats (Fixed Price, Best Offer and Auction) helping both buyers and sellers to buy and sell easily. As India's only online marketplace, we allow buyers to choose the best deals at best prices from a wide variety of listings and categories, whereas sellers enjoy the advantage of selling more and selling fast. Please note that you need to be a registered buyer or seller with us to use these formats.