The product
Payment first. Offers second. Close with the licensed seller.
PREBID is not a lot and not a bank. It is the board where an approved amount meets competing bids.
BUYER PATH
1. Set the payment you want
Trucks, cars, boats, or SxS. Target monthly payment plus a short profile.
2. Soft-pull estimate
An estimated approved amount. Language stays pre-qualification until a licensed lender issues the real yes.
3. Compare live bids
Specific unit, price or payment, condition, delivery. Accept one.
4. Close with the seller
Title, tax, and financing run through the dealer or casual private party and the partner lender. Or cash.
SELLER PATH
Licensed dealers bid first
MVDB for cars and many titled SxS. DWR for boats. License checked before a bid can sit on the board.
Private sellers are capped
Virginia generally treats more than about four vehicles a year as dealer activity. PREBID polices that line.
You keep F&I
The store still works the deal. We send a buyer who can pay. We do not steal the back end.
Design rules that keep extra licenses off the company
No title
The vehicle never sits in PREBID’s name.
No purchase funds
We do not escrow the buyer’s money at launch.
No originating the note
Partner banks, credit unions, or dealer F&I do the lending.