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Planning to join a vehicle or lifestyle auction at IBID but unsure about the difference between NPL Live and NPL Timed? Don’t worry! This article will guide you through the key differences between the two, covering their purpose, how they work, and how to purchase them.
Before we go any further, it’s essential to know that IBID is a trusted auction house under PT Serasi Autoraya (SERA) and has been operating since 2007.
As part of the Astra Group, IBID offers auction items ranging from automotive (cars and motorcycles) and heavy equipment to property—delivered through a transparent and fair auction system.
NPL (Auction Participant Number) is a digital ticket in the form of an identification number that every bidder must have to participate in an IBID auction. Without an NPL, bidders cannot place offers on the items they want.
See also: Tips for Buying a Used Company Car
One NPL is valid for only one auction item or one auction session, depending on the auction type. NPLs are divided into two types that shape the bidding process, namely NPL Live and NPL Timed.
The Difference between NPL Live and NPL Timed
NPL Live
With NPL Live, you can participate in real-time auctions, similar to traditional auctions. The difference is that auctions can be joined online via the IBID app and website, or on-site at the auction venue.
How it works: Bidding runs live, with a rapid countdown timer for every new offer. Each time a new bid is placed, the timer resets.
Format:
Online Live Auction: Join through the IBID app or website, watch the auction broadcast live, and place bids with just one click.
On-Site Auction: Attend in person at the IBID auction venue, watch the process firsthand, and place your bids manually.
NPL Live Advantages:
Feel the excitement of live competition with other bidders.
Know immediately whether you have won the item once the auction ends.
Adjust your bidding strategy in real time based on competitor reactions.
NPL Live Challenges:
You need to be ready to bid quickly at all times.
A weak internet connection may cause you to miss critical bidding moments.
Emotions may push you to bid beyond your planned budget.
See also: What You Need to Know about IBID’s New App
NPL Timed
NPL Timed is an auction type that offers greater flexibility in bidding, as it runs over a longer set period rather than happening in real-time.
How it works: Bidding takes place within a specified time frame—ranging from a few hours to several days. You can place a bid anytime within that period. The item’s highest bid is continuously updated in real time.
Format: Conducted entirely online via the IBID app or website. You can submit an initial bid, and the system will notify you if another bidder places a higher offer.
Advantages of NPL Timed:
Bid anytime during the auction period—ideal for busy schedules.
More time to research the item, compare market prices, and weigh your bidding options.
A more relaxed process that minimizes the risk of impulsive bidding.
Comes with an Autobid feature, letting you set a maximum bid limit. The system will automatically bid on your behalf up to that amount.
NPL Timed Challenges:
While flexible, you still need to monitor the auction regularly, especially near the end, as last-second “snipe bids” can appear.
Without Autobid or close monitoring, you risk being outbid at the very last minute.
How to Buy an IBID NPL
Purchasing an IBID NPL is easy via the IBID website or app, with payments available through AstraPay or virtual account. The NPL deposit amount depends on the type of auction item:
Used Car NPL: Rp5,000,000
Used Motorcycle NPL: Rp1,000,000
Lifestyle NPL (gadget, fashion, etc.): Rp200,000
See also: Timed Vs. Flash Auction on IBID: What’s the Difference
NPL deposits are fully refundable if you lose the auction, or automatically deducted from your total payment if you win.
Tips for Choosing the Right NPL Type
For first-time bidders, choosing the right NPL depends largely on your comfort level and preferences:
If you are new to auctions, NPL Timed is the safer choice. It lets you learn the process without intense time pressure and gives you more time for research.
If you enjoy speed, competition, and can make quick decisions, try NPL Live. Just be sure you’re familiar with the process and set a firm maximum bid limit.
Choose NPL Live for fast-paced, competitive car and motorcycle auctions.
Use NPL Timed if you want more time to evaluate offers, or if you are bidding on items beyond cars, such as gadgets, home appliances, or heavy equipment.
See also: 5 Types of Items You Can Consign through IBID
Understanding the difference between NPL Live and NPL Timed is crucial to choosing the right method for your IBID auction. Beyond selecting the right NPL, ensure you have registered an account on the IBID website and app.
IBID is a business line of PT Serasi Autoraya (SERA), specializing in auctions for vehicles, heavy equipment, gadgets, and lifestyle products. Known for professionalism and reliability, IBID also stands out for its hassle-free auction process.
Join auctions conveniently online through the live auction feature on the IBID app. Download the app on the Play Store and App Store. For more information, visit www.ibid.astra.co.id