Lots of people browse the Internet, find a apparently problem less car and bid on it even it has just a few minutes left, never giving the bid a second thought and never considering the fact that they do have to buy it after all. Online car auctions are like any other auctions, and when you place a bid in them you are indeed legally bonded to go ahead with the purchase. The custom buyer agreement you are agreeing to before joining an auction site is a legal contract as good as any other in the eyes of the law. In this agreement you can clearly read all conditions you should meet in order to keep your membership and also, the legal implications of any and all bids posted. This means that it’s a good idea to actually read these agreements before signing them, even if you are doing this only virtually.