How it works

1. Create an account

Chasing Dreams is a community for and by enthusiasts. We want our active audience to be known to create an environment of trust. You need an account in order to bid, comment or submit a vehicle.

2. Auction your car

  1. Submit your vehicle: we work with private and professional sellers from all over the world to bring the best and most relevant content to our website. If we believe your vehicle is a good match for our platform, it will be listed on our website.
  2. We work with you to create a complete advertisement that is ready to sell. We guide you through the entire process, from drafting the description to selecting the right photos.
  3. The one-time charge to submit your vehicle is 29 Euro [Temporarily Free of Charge]. Your car will be listed on the website but also on our social media channels to attract attention from all over the world.

3. Let the bidding begin

  • The auction is live: your vehicle is listed for 10 days on our website. We believe this is the right balance between getting bids but also enough time for buyers to inquire about the vehicle. Through our comment section, interested bidders can ask the seller and the community questions about the vehicle.
  • The bidder that wins the auction will be charged with the bidding fees. The bidding fee represents 5% of the winning bid.
  • After the auction, the bidder will be put in contact with the seller to agree on pick-up of the vehicle and payment.

 

Please check out our Frequently Asked Questions section for more information.

Frequently asked questions

What is a reserve?

A Reserve Price is a hidden minimum price that the seller is willing to accept for an item. In a Reserve Price auction, the seller is only obligated to sell the item once the bid amount meets or exceeds the Reserve Price. A seller can lower, but cannot raise, the Reserve Price.
We will put in the advertisement that the car has no reserve to generate more bids.

Can I put a reserve?

Yes, you can select it in the submit a vehicle section and indicate how much the reserve price is.

The bids did not meet the reserve price. Now what?

You can either choose to accept the highest bid or get in contact with the highest bidder to come to an agreement. You can also choose not to sell the vehicle if you believe the price is too low.

I want to relist the vehicle after the auction.

We generally do not relist vehicles as we believe the vehicle gets the most interest when it is fresh on the market.

The auction ended but I want a higher price.

When the auction ended and there was no reserve or the bids surpassed the reserve price, you are obligated to sell the vehicle to the highest bidder.

How do I bid on a listing?

Active auctions are open to new bids if you are a registered member. You are the winner of the auction if you have the highest bid after the auction time ends.

Can anyone bid?

You need to be a registered member and have an active credit card. We are working hard to add more payment options in the near future.

Will I be charged if I place a bid?

No, you are not charged if you place a bid. If you are the highest bidder, you have won the auction, and your credit card will be charged with the bidding fee (5% of the highest bid). If you do not have a valid credit card, you will have to complete the payment by wire transfer.

Can I retract my bid?

No, bids you enter are final and can not be revoked. Think well before you place a bid.

How much are the fees?

Only the highest bidder and winner of the auction will be charged with a fee of 5%. I.e. if the winning bid of a vehicle is 20,000 Euro then a bidding fee of 1,000 Euro is charged.

In which currency are the listings?

All listings are in EURO. The bidding fee will also be charged in EURO.

Can I see the car before buying it?

You can ask this to seller by tapping the “contact seller” button on the listings page. However, this is totally up to the seller whether or not he is open to this.

Can I buy/sell the car outside of the auction?

No. It is forbidden for the seller or buyer to make any arrangements outside of the auction. All bids must go through the website in order to keep the trust of our community. Any violation will be penalized.

For other questions shoot us an email at: info@chasingdreams.be

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