Last Updated on 10 months by Anoob P T
In this post, we are going to look at Cars and Bids Review, Fees, Features & How to Sell Your Car.
Cars and Bids is a car auction website from automobile YouTuber Doug Demuro who has more than 4.3 Million Subscribers on YouTube.
I have seen many videos of Doug Demuro and his style of automobile review is very different than other YouTubers which is why he became popular.
I have also written a detailed post about Canada Drives Review–you can check it out if you are interested.
I love cars and when I was in college, I had asked my parents to buy be a used car and they just asked me to go to hell and take the bus there (middle-class logic).
After I got a job, I saved as much as possible and bought a 12 year old used car–which was then destroyed by another driver who smashed his car into my parked car. I will write about that story some other time.
There’s something beautiful about being in a car with the radio on and I have bought three cars since my first car was destroyed.
My best friend is in Canada and owns a BMW 7 Series as well as Mercedes CLA and I hope to visit him soon once this pandemic is over.
I’ve always been a fan of used cars because they provide so much value compared to a new car.
One of the more frustrating parts about buying a used car is determining if the car is any good and platforms such as Cars and Bids is trying to solve this problem by verifying the car condition before giving them to potential buyers.
I could save the money needed for a new car and probably start an online business to earn more money.
Cars and Bids Review, Fees, Features & How to Sell Your Car
Table of Contents
What is Cars and Bids
Cars and Bids is an online platform where automobiles are auctioned through a bidding system.
The platform was started in the year 2020 by Doug DeMuro, a famous YouTuber having more than 4 million subscribers.
The sellers have to list their cars for the auction and buyers have to bid the highest for the particular car.
As with any other automobile auction, the highest bidder gets the car.
The platform is relatively new when it comes to automobile reselling, but Cars and Bids have been growing very fast on social media-primarily because of the popularity of Doug DeMuro.
Cars and Bids Official Website: https://carsandbids.com/
How Cars and Bids Works
Cars and Bids is a good platform for buyers as well as sellers.
All kinds of modern cars, vehicles are listed on the platform.
After you find a vehicle to bid on, you will have to register your phone number and your credit card.
A fee of 4.5% will be added to the bidding amount if you win.
The full amount must be paid within a week of the closing of auctions.
For sellers, it is completely free for listing their cars.
Like other car auction websites, you will have to enter the details about the car like photos and answer some other follow up questions.
As part of listing the car, you will be asked about the minimum price and you will also be given some suggestions based on current market value.
Once the screening process is over, the Cars and Bids team will approach for additional information in order to verify your car details.
This will include information like exclusiveness of platform, history of ownership, the process of transferring of title and etc.
The listing process gets over after paying a fee of $49 or $89 for first time sellers with a reserve.
After paying the listing fee, verification and quality check of the photos, a draft of future listing will be provided.
If the draft is approved, then the vehicle goes online for bidding.
In case the reserve price is not met, Cars and Bids will negotiate a favorable price for you.
To know more about how Cars and Bids works, you can watch this video.
Cars and Bids Auction
Cars and Bids is an auction service that aims to connect sellers with potential buyers of unique vehicles.
Cars and Bids has works on an auction model and the website also has details of previous auctions completed by Cars and Bids.
You can view results of previous Cars and Bids Auction using this official link.
Cars and Bids Past Auction: https://carsandbids.com/past-auctions/
Doug Demuro Cars and Bids
Doug DeMuro started Cars and Bids in the year 2020 when he observed that a certain niche of cars had an underserved marketplace.
He has a huge following of more than 4 million on his YouTube channel in which he talks about different cars and reviews them.
This is the reason Cars and Bids is highly followed on social media.
According to Doug Demuro, Cars and Bids is not just a website but a happy community of automobile enthusiasts.
Cars and Bids Features
Cars and Bids has some features that make this a useful platform for buyers and sellers.
Some of the features of Cars and Bids includes
- Interesting Cars
- Low Fees
- Complete Vehicle History
- Easy Submission of cars for sale.
Additionally, Cars and Bids has some features like allowing the seller to set his/her own price or reserve price.
Cars and Bids Requirements
Like any other car auction website, Cars and Bids also has some requirements before you can list your vehicle for sale.
Cars and Bids require the sellers to enter the details about their vehicles like pictures and answer some necessary questions.
Some of these questions will inclujde minimum price, condition of the vehicle, number of owners and they will also ask for registration through phone number exclusivity of platform i.e, the car must not be listed somewhere else.
For sellers, it is necessary to answer the queries of the buyers too.
To know more about how to sell your car on Cars and Bids, you can use this official link.
How to Make Money on Cars and Bids
Like other car selling platforms, there is a possibility to make some money off Cars and Bids.
However, this is not as simple as it sounds.
You need to have a keen eye for rare automobiles, understand the market, restore the vehicle and you can sell it for a profit.
As Cars and Bids is a relatively new platform, it gives you the opportunity to access new audience and try to sell your car to real auto enthusiasts.
You can get your car listed on the website by following the procedure and paying the fee.
After the listing, the car goes online to be auctioned.
If the car is not auctioned, the Cars and Bids team helps in negotiating a deal.
If you are a newbie trying to flip automobiles, I would not recommend Cars and Bids as the people buying cars on the platform would be knowledgable about cars and the market in general.
Cars and Bids Fees
Cars and Bids has some fee for buyers as well as sellers.
For sellers, a fee of $49 or $89 for first time sellers with a reserve is set.
For buyers, 4.5% is added to the bidding amount if the bid wins.
Cars and Bids vs Bring A Trailer
In this section, we are going to compare Cars and Bids vs Bring A Trailer with some of the features and benefits of both.
Features | Cars and Bids | Bring A Trailer |
Sign Up Process | Easy | Easy |
Website Interface | Easy | Moderate |
Buyer Fees | 4.50% (capped at $4500) | 5% |
Seller Fees | $49 | $99 listing fee |
Auctions Completed | 5000 | 62000 |
Cars and Bids Pros
Cars and Bids platform has some pros compared to other car auction websites.
In this section, we are going to look at some of the pros of using Cars and Bids.
- Personalized buying and selling service
- Cars and Bids gives autonomy to both buyers and sellers in deciding the price of the vehicle. Both the parties exercise their discretion.
- The seller is available for any questions and doubts about the car.
- Vehicles sold on Cars and Bids can be financed instead of purchasing straightaway.
- The full amount is received within a week of auction closing.
Cars and Bids Cons
Like pros, Cars and Bids also has some cons which you should be aware of before trying to buy or sell your car on the platform.
- Cars and Bids charges an amount of 4.5% on the highest bidding amount. Sometimes buyers will have to pay more than what they expected when the bidding breaches estimations.
- Cars and Bids prohibits listing on any other site.
- Cars and Bids does not directly involve itself in the selling procedure.
Cars and Bids Review
You can read this Reddit thread about Cars and Bids to know more.
Cars and Bids Customer Support
The best thing about Cars and Bids is thier customer support that responds much faster than other car auction platforms.
You can reach Cars and Bids Customer Support team using the following official channels.
Cars and Bids Email Address: support@carsandbids.com
Cars and Bids Social Media Handles
Cars and Bids also has presence on most social media channels including Facebook and YouTube.
If you want to follow Cars and Bids on social media, you can do so using these official links.
Cars and Bids YouTube
Cars and Bids has a seperate YouTube channel with more than 65,000 subscribers (as of January 2022).
Cars and Bids YouTube channel features unique cars that are available for sale on the platform and the channel regularly uploads new videos.
You can check out Cars and Bids YouTube channel here.
Cars and Bids Jobs
Cars and Bids being a relatively new company is having multiple openings at the moment.
Cars and Bids job openings available right include Customer Support Specialist.
To know about current job openings at Cars and Bids, you can visit this offical Cars and Bids LinkedIn company page
Is Cars and Bids Safe
Yes Cars and Bids is a safe platform started by YouTuber Doug DeMuro who has more than 4 million YouTube subscribers.
As of January 2022, Cars and Bids have also completed more than 5000 auctions and the reviews of this platform from real users are fairly positive.
Cars and Bids offers a personalized service for buyers and sellers which makes it better than some of the older car auction websites.
Cars and Bids Alternatives
In case you are wondering, there are many alternatives to Cars and Bids which you can also consider.
Some of the more popular Cars and Bids alternatives include:
Frequently Asked Questions about Cars and Bids
What percentage does cars and bids take?
As of January 2022, Cars and Bids take 4.5%
How much does Doug make from cars and bids?
As of January 2022, it is estimated that Doug makes around $70,000 per month from Cars and Bids.
Does Doug DeMuro own cars and bids?
Yes, Doug DeMuro ows cars and bids.
Who own cars and bids?
Doug DeMuro, a YouTuber with more than 4 Million subscribers
Is Doug demuro a Millionaire?
Yes Doug DeMuro is a millionaire with a net worth of more than $5 Million.
Can you finance through cars and bids?
Yes, you can finance your purchase through cars and bids
Why does Doug wear two shirts?
According to Doug, he wears two shirts because he sweats a lot.
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Cars and Bids
Cars and Bids Summary
Cars and Bids is a car auction website from automobile YouTuber Doug Demuro who has more than 4.3 Million Subscribers on YouTube. Even though Cars and Bids charges less fees (4.5% vs 5%) than Bring A Trailer, Cars and Bids does not allow your vehicle to be listed on any other platform while the listing is active. If you have a unique car and you want to sell in Cars and Bids, you can list your car and try to sell it bu
Overall
4.5-
Cars and Bids
Pros
- Cars and Bids gives autonomy to both buyers and sellers in deciding the price of the vehicle. Both the parties exercise their discretion.
- The seller is available for any questions and doubts about the car.
- Vehicles sold on Cars and Bids can be financed instead of purchasing straightaway.
- The full amount is received within a week of auction closing.
Cons
- Personalized buying and selling service
- Cars and Bids charges an amount of 4.5% on the highest bidding amount. Sometimes buyers will have to pay more than what they expected when the bidding breaches estimations.
- Cars and Bids prohibits listing on any other site.
- Cars and Bids does not directly involve itself in the selling procedure.