The process is very simple. At present SelectAutoMart offers two types of auctions.
A> Closed Auction : The insurance company does not disclose their rates. The buyer has to bid their maximum rate before the specified deadline on the website. Their rates will not be disclosed to the other buyers. The buyer with the highest ACTIVE bid is notified shortly after the deadline of being the highest.
B> Open Auction : The basic rate of the auction item is displayed on the website. The buyer has to place a bid on a vehicle before the specified deadline.