About Auctions

  1. Check out the video promo for our FerrariChat Miami event coming up end of October! https://www.ferrarichat.com/forum/threads/new-ferrarichat-miami-video.580070/

FerrariChat has been a trusted environment for buying and selling cars for over 17 years. Our auction service is designed to make it even easier for owners to sell their cars at market prices and for buyers to get a fair deal. We also provide support for sellers to ensure they properly present their vehicle for auction, and we reserve the right to approve or deny all auctions.

  • General
    • Each auction lasts 7 days.
    • You will be sent an alert if someone bids higher than you.
    • Bidders must be subscribed users.
    • Bidding increments are $100.
    • Bidders are allowed to bid $100 over current bid or set a maximum bid.
    • Bidders maximum bid will only become the current bid when there is another bid $100 less and your maximum bid is leading.
    • If two bidders set the same max bid amount, the first one to set their max wins the bid amount.
    • The system prevents “sniping”, so any last second bids will add time to the auction.
    • Winning bidder is responsible for picking up car or paying for shipment.
  • Sellers
    • Sellers must decide on a starting and reserve price for their auction.
    • Recent PPI, important documentation, and 20+ photographs is recommended for each vehicle.
    • At conclusion of auction FerrariChat.com will assist the seller with contact information of the highest bidder and if reserve not met or transaction with highest bidder doesn’t close, contacts of under bidders.
    • Prospective sellers: If interested in auctioning your vehicle please message Rob Lay or email admin@ferrarichat.com. Best applicants will be…
      • reasonable reserve expectation
      • clean car (condition & records)
      • respected user
      • can provide 20-40 quality photos
      • not listed anywhere else for sale
      • CarFax
      • bonus: window sticker
      • bonus: current PPI
      • bonus: complete service history
  • Fees
    • Sellers are required to pay a $99 listing fee to FerrariChat.com.
    • The Highest Bidder is required to pay a 2.5% Buyers Fee within 30 days of when the transaction closes to FerrariChat.com.
  • Terms of Use
    • The Seller must accept the Terms of Use before having auction listed and Bidders must accept the Terms of Use before every bid. Please find the Terms of Use here .