FOR BUYERS
Damaged vehicles, bought across borders, settled digitally.
Repairers, dismantlers and traders across Europe buy from insurer-sourced supply on ECX, with the documents, the payment and the protection handled from start to finish.
Supply you cannot reach locally
Vehicles sourced through insurer and assessor channels in Germany and Italy, open to verified buyers regardless of which country they operate from.
You are never paying into the dark
Funds are held by a regulated payment provider and release when the transaction completes. Every counterparty is identity-checked before bidding.
Know what it is worth to you
BidLens works out the most you can pay for a vehicle and still make money on it, in your own market.
BIDLENS
Know what the vehicle is worth to you before you bid
The hard part is not finding the vehicle. It is working out what it is worth once it reaches your workshop — in your labour rates, with the parts you can actually source, at the price your market pays for a repaired car.
Modelled per market
Labour rates, parts pricing, realistic repair scope and post-repair resale are modelled separately for 14 markets. Two buyers in different markets looking at the same vehicle get different numbers, because they should.
The highest price that still makes you money
It works out the most you can bid and still make money on the car.
On the listing, in your browser
No separate system to open and no data to re-enter. It reads the vehicle in front of you and returns the calculation there.
BidLens returns this number.
You bid to it, instead of guessing safely below it.
A buyer who knows his own ceiling bids closer to it.
What it shows on the listing
Two things, next to the vehicle you are looking at. The highest bids that comparable vehicles reached in earlier auctions, across platforms rather than on the one in front of you. And the most you can pay for this vehicle and still earn your margin, after repair, transport and fees.
Both are calculated from the vehicle data and the repair figures in the assessment. If those figures are in the listing, BidLens works without photographs.
It runs on AutoOnline and ECX listings, inside your own buyer account. More platforms are coming.
What it does not do
It does not show what anyone is bidding now. Nothing about the auction in progress is read or displayed: what you see is what earlier auctions produced, and your own arithmetic.
It does not tell you what to bid. Both figures are inputs, and every number can be changed by hand, because you know things about your own costs that no model does.
It does not answer for every vehicle. Where the vehicle falls outside what the model covers, or the listing carries no repair figures, it says so rather than returning a number we do not believe.
SETTLEMENT
The part that makes buying across a border possible
Buying a damaged vehicle from an insurer in another country normally means trusting a stranger with money, and then hoping the documents exist. That is the reason cross-border bids are usually lower than the vehicle is worth to the buyer — the discount is for risk, not for the car.
The money
The vehicle
Neither side carries the other's solvency risk, and no step depends on trusting a stranger. That is what lets a buyer in another country bid at his real number instead of discounting for risk.