VidBid is used by car dealers to solicit bids from either their trusted buyers (wholesalers and dealers) or a network of our potential bidders (other wholesalers and dealers). The dealers can create a bid request by simply scanning the VIN, capturing a walkaround video, reporting any damaged parts and setting a reserve price.
This condition report is then sent to buyers to allow them to make an informed bid without physically seeing the car. Once the auction is completed, the seller and buyer information are revealed and the transaction can be finalized.