How it works
What is BetterDeal?
BetterDeal is a new car buying service unlike any other in Australia. It’s
just like a normal auction but instead of the price going up with every bid, it
goes down, so the lowest bid wins. We‘ve set up a comprehensive network of 350
new car dealers eager to do battle for your business. And because we
effectively bring the dealers to you, we save you all the time and headaches
associated with travelling from dealership to dealership in search of a good
deal.
How does a reverse new car auction work?
A reverse auction model reverses the role of buyer and seller with the sole
purpose of driving the price down within a set time. In a normal auction you,
the buyer, would compete to buy goods at the highest price. In a reverse
auction the sellers compete to sell goods to you at the lowest price.
When you know exactly what car you want, you sign up for a BetterDeal auction.
The very next day we alert our dealer network and the reverse bidding war
begins. At the end of that day, the dealer with the lowest bid wins. And the
best bit is – you get to watch the price of your dream new car drop online.
Why the $350
fee?
This nominal fee tells our dealership network that you’re a serious and
committed buyer. And when they know you’re serious, they get serious. If you’ve
ever bought a new car before, you’d know dealers only discuss the absolute
bottom line when your cheque book’s out.
Regardless of what you save, the fee remains the same. When
you consider our average saving is 10%, the fee is a fraction of the end
saving.
In the unlikely event that none of the dealers bid on your new car, or we can’t beat an
authentic dealer quote, you will not be charged the fee.
Minimum saving guarantee
Whilst you’ll probably save much more, we guarantee a minimum saving of $450.
This saving is based on the total on road cost, including dealer delivery, options/accessories and all statutory charges.
Test Auction
To see how it all works, run a free test auction.