Auto eBid 'empowers car customers'

Those potential car insurance customers who are looking to buy their classic dream ride for cheaper may be interested in a new auctioning method.

Creator of Auto eBid Amin Saleem said he has saved customers a collective total of £7 million after spending the past five years refining this service that he calls empowering.

Something of a reverse auction system, car dealers bid against each other. Mr Saleem noted this can not only be a way of getting a car with less hassle and for cheaper but also be less stressful.

"Many people find car buying a traumatic experience - they're nervous of the high cost, bamboozled by the numerous finance options and feel intimidated by high-pressure sales tactics," he added.

While the most popular car on his site is currently the Ford Fiesta, from 2010 he plans to expand the service to all UK buyers.

This reverse auctioning systems was praised by Which? and MoneyWeek recently as being a good way to save on prices.

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