How to Set Your Max Bid Before an Auction
The mistake every new flipper makes is bidding from the gut. They see a car they like, the price is climbing, and they convince themselves an extra £200 won't matter. It does. £200 is your entire MOT and advisory budget, gone before you've even collected the car.
Set your max bid before the auction starts. Work backwards from a realistic sale price — what AutoTrader comps actually sell for, not what they're listed at. Subtract every cost: buyer's premium, transport from the auction yard, prep, the listing fee. Subtract the profit you need to make this worth doing. What's left is your absolute ceiling.
Then bid 10–15% below that. The buffer is your insurance against surprises — a tyre you didn't spot, a warning light the engine bay didn't show, a stubborn buyer who takes an extra two weeks.