RentRides - eAuction

Rentrides eAuction – The Smartest Way to Buy & Sell Two-Wheelers!

Looking to buy or sell a bike or scooter at the best price? Welcome to Rentrides eAuction, India's most transparent and secure online auction platform for used two-wheelers. Whether you're a buyer looking for the best deal or a seller aiming for maximum value, our platform ensures fair pricing, secure payments, and seamless ownership transfers.

How It Works for Buyers

1️⃣

Bid on Your Desired Bike – Auctions start as low as Rs 100.

2️⃣

Use Instant Buy (if available) – Skip bidding & purchase instantly at a fixed price.

3️⃣

Win the Auction – Highest bidder gets a 7-day window to complete the payment.

4️⃣

Secure Payment via Escrow – Your payment is held safely in our escrow account.

5️⃣

Meet the Seller for Inspection – If satisfied, confirm the purchase on your account.

6️⃣

Ownership Transfer & Payment Release – Once approved, the seller receives the funds, and the bike is transferred to your name.

🚨 Important: If a buyer fails to complete payment within 7 days, the next highest bidder is auto-selected!

How It Works for Sellers

1️⃣

List Your Bike for Free – Set a reserve price & let buyers bid.

2️⃣

Receive Bids & Accept the Best Offer – The highest bidder gets 7 days to pay.

3️⃣

Meet the Buyer for Physical Verification – Secure a hassle-free inspection process.

4️⃣

Finalize the Deal – Once the buyer approves, ownership is transferred.

5️⃣

Receive Your Payment – Funds are released directly from escrow.

Our Fees & Security Measures

✔️ 1% Commission from Both Buyer & Seller – Only after a successful deal.

✔️ Escrow Protection – Payments are 100% secure and released only after confirmation.

✔️ Auto-Selection of Next Highest Bidder – Ensuring fast and fair transactions.

✔️ Fraud Prevention:

🚫 3 Consecutive Cancellations (by buyer or seller) = Auction account freeze for 2 months.
🛑 Rejected Physical Verification? – Auction is canceled & buyer gets a full refund.

💰 Join India's Most Secure & Transparent Bike Auction Today!

Start Bidding Now! List Your Bike for Free!

Frequently Asked Questions

1. General FAQs

Rentrides eAuction is India's first online vehicle auction platform for buying and selling used two-wheelers. It provides transparent bidding, secure escrow payments, and easy ownership transfers, ensuring a hassle-free experience for both buyers and sellers.

Sellers list their bikes with a reserve price.
Buyers place bids (starting from Rs 100) or use Instant Buy to purchase immediately.
The highest bidder wins and gets 7 days to complete payment.
Funds are held in escrow until the buyer meets the seller for a physical inspection.
If satisfied, the buyer confirms on their account, and the seller transfers ownership.
Funds are released to the seller, and the deal is completed!

If the winning bidder fails to pay within 7 days, the next highest bidder is automatically selected to complete the transaction.

If the buyer rejects the vehicle during physical verification, the auction gets canceled, and the buyer receives a full refund from the escrow account.

We charge a 1% commission from both buyer and seller, but only after the deal is successfully completed.

2. Buying FAQs

Simply create an account, browse available listings, and place a bid. If you win, you'll have 7 days to complete the payment.

Yes! Some listings offer an Instant Buy option, allowing you to purchase immediately at a fixed price without waiting for the auction to end.

Yes! All payments are held in our secure escrow account and are only released to the seller after successful physical verification.

No, once a bid is placed, it cannot be canceled. If you win the auction but fail to pay, your account may face penalties.

Three consecutive cancellations will result in a 2-month account freeze, preventing further participation in auctions.

3. Selling FAQs

Selling is simple!

List your bike for free – Upload details, set a reserve price, and start receiving bids.
Accept the highest bid – The winning bidder gets 7 days to pay.
Meet the buyer for inspection – If approved, transfer the ownership.
Get paid securely – Funds are released from escrow after confirmation.

No, once the auction is complete, you must proceed with the transaction. If you refuse to complete the sale, it will count as a cancellation.

Three consecutive cancellations by a seller will freeze the account for 2 months, preventing further listings.

Sellers must transfer the vehicle ownership within 7 days of the buyer's approval to avoid penalties.

Yes, you can set a minimum reserve price to ensure you don't sell below your preferred price.

4. Payment & Security FAQs

The buyer's payment is held in escrow until they physically verify the vehicle and approve the purchase. Only then is the payment released to the seller.

If a seller does not show up for verification, the buyer receives a full refund, and the seller's account may face penalties.

No! The only fee is 1% commission from both buyer and seller, deducted only after the deal is finalized.

Rentrides only provides a platform for auctions. Buyers must verify all legal documents before confirming the purchase. We recommend checking RC, insurance, and PUC before finalizing.

No. The winning bid is final, and no further negotiations are allowed.

🚀 Still have questions? Contact our support team for quick assistance!

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Highlights

Bid, Buy, or Instantly Own – The Future of Used Vehicle Auctions!

Secure, Transparent, and Hassle-Free Auctions with Instant Buy Options