About Auctions

  • Droom Auction pricing format allows buying and selling of automobiles using a bidding process.
  • Registered buyers can participate in the auction and can make unlimited bids.
  • The highest bidder gets a chance to buy the vehicle and can meet the seller to close the deal.
Know More Get Assistance Now T&C Apply*

How Auctions Works?

FAQs

Droom Auction pricing format allows buying and selling of automobiles using a bidding process wherein vehicle is sold to highest bidder. By providing this trading mechanism, we allow buyers to buy vehicles at unique prices. Registered buyers can participate in the auction and can make unlimited bids. Droom Auction specifies the minimum bid value and also the minimum bid increment value. Listing gets deactivated when auction is over, or the highest bidder pays the 2%-3% token amount. The highest bidder is obligated to buy the vehicle, and can meet the seller to close the deal.
  1. Buyer registers for free on Droom App or www.droom.in
  2. Buyer browses and evaluates listings of vehicles on website offer page
  3. Buyer makes bid(s) for vehicle according to personal choice
  4. One Buyer can make unlimited bids and multiple buyers can bid at the same time
  5. Highest bidder wins after auction is over and gets an option to book vehicle
  6. This buyer can now pay fully refundable token amount* to close the deal
  7. Listing gets deactivated and is no longer part of upcoming auctions
  8. Buyer can verify the purchase and make final payment to seller directly once Lockdown is over
  9. Buyer can now get the vehicle registration in his name

*T&C Apply and Deliveries post Lockdown

Starting bid is the minimum first bid made by Droom. Droom sets a minimum value for each auction depending upon the type of vehicle. The starting bid is ₹999 for motorcycles and scooters, and ₹9999 for cars.
Reserved Price is the minimum price that the auction must reach for the transaction to close.
Minimum Bid Increment is the minimum increment value between two consecutive bids made by same or different bidders. This value is explicitly specified by Droom. ‘Buy Now’ is an option to purchase the vehicle for the given amount without participating in auction.
Auction Duration is the time for which auction is active.
Current Bid Price is the current highest bid made by the bidder participating in the auction.
Choose any of the Vehicle listings showcased on our https://www.droom.in/auction-deals page and place your bid(s) on the vehicle you desire! When the auction is over, in case you are the highest bidder, you will be obligated to give closure to your purchase by paying the Token Amount. You would be able to pick the Vehicle from the showroom/seller once the Lockdown is over
  1. Buyer can buy at their own chosen price
  2. Grab a chance to buy at a price lower than the market price
  3. Buy a verified vehicle
  4. Get security for your money with fully refundable token amount*
  5. Buy from a verified seller
  6. Easy and transparent process of buying and selling

*T&C Apply and Deliveries post Lockdown

This is a Limited Period Offer valid as part of Droom’s Exclusive Lockdown Special Promotion, from 22nd April until stocks last
This Offer is applicable on all Vehicle listings showcased on https://www.droom.in/auction-deals page
On winning the auction bid, Buyer gets an option to pay the fully refundable Token Amount* on the Vehicle listing of his/her choice. Post payment, order confirmation along with other details of purchase will be communicated to you over email and SMS. You can also reach us on our Hotline No. 9650 08 08 08 to place your bid or mail us at lockdown@droom.in for any assistance/queries

*T&C Apply and Deliveries post Lockdown

Token amount is the booking amount or commitment amount paid by a buyer on Droom’s online platform to make commitment for a purchase. It is a small part of the selling price and the remaining payment can be made directly to the seller later on. It is covered under Droom’s Buyer Protection and fully (100%) refundable in case of non-closure of the transaction
With the payment of Token Amount or Commitment Fee, Droom covers you with Buyer Protection. Buyer Protection enables that a buyer obtains 100% refund in case the transaction does not go through*

*T&C Apply and Deliveries post Lockdown

Considering the nation-wide Lockdown, this Offer enables the buyer to pick up the Vehicle from the showroom once post the Lockdown. The details of storefront will be communicated to you upon Order Confirmation
Depending upon the Seller, the doorstep delivery of the purchased Vehicle may or may not be available; the same will either be provided to you as part of the Vehicle listing showcased or will be confirmed upon Order Confirmation
Yes, you can cancel your Order within the closure period, typically within 5 business days. Buyer Protection assures you of the aforementioned and refund can thence be initiated*

*T&C Apply and Deliveries post Lockdown

Yes, the refund is initiated typically within 5 days post cancellation of the Order. However, the amount of refund may vary from case to case basis solely on Droom’s discretion, and the decision of Droom shall be final and binding
You can reach out to us on our Hotline No. 9650 08 08 08 or mail us at lockdown@droom.in. Our Customer Support representative would love to help you!
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