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HOW TO 

List It

  1. List your vehicles in our portal with many details as possible and we will pre-approve before        allowing you to list up your vehicle.
  2. Before placing a car for auction, vehicle owners will need to bring the car down for                        inspection. We are giving complementary inspection service worth $28. 
  3. CAREX will set their own auction start date and time 1-2 days after vehicle inspection. 
  4. CAREX will set a minimum price for customers to bid.  
  5. Documents required for car owners to place an auction:
        – Last 4 digits of your NRIC
        – Car Plate Number
  6. Car owners are not allowed to withdraw once the vehicle is being put up for auction. A                  cancellation fee of $50 will apply should the car owner wish to withdraw. The car owner must      withdraw their car 24 hours before the auction date. 

Bid It

1. There is a minimum bid of $100 involved. A bid increases by $100 each time a bid is placed.

2. There are times where multiple unique bidders decide to bid continuously. When the                    countdown timer of this auction reaches the end and every unique bidder tries to bid, the            countdown timer will continue to extend for 3 minutes and the cut off time will be 3 minutes      when there is no movement of the bid anymore. 

3. There are admin fee charges from $50-$100. 

4. There is a meter when you place your bid to see whether you are outbid or above the                   bidding price. 

5. What happens after the auction ends?
    If you are the top bidder, you will receive a notification that you have won the auction. Please      wait for our team to contact you to make an appointment for viewing.

6. What is the timeline for bidding?

    1. At 5pm, we will send an automatic email to dealers and/or consumers of how many              vehicles are available for bidding. 
    2. The next day at 10am to 12pm, dealers can start to bid the cars, and from 12-2pm,                consumers can start to bid the cars.

Meet It

  1. When the auction is closed and a deal has been met, it is time for you to set appointment             with the seller. 
  2. After auction is closed, a chat box will be popped up for you to make arrangements with the        seller. 

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65 6123 4567

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