What it means
On Minimum Bid means the seller set a reserve. If bidding reaches it, the car sells to the highest bidder. If it does not, the car is not sold outright: the seller can accept the high bid later, counter or relist the car. The minimum itself is not shown to bidders.
What it means for a buyer
Expect to pay closer to market value, and do not count on a win at a low bid. If your bid is the highest but below the minimum, you may still get the car if the seller accepts it, so bid only what you are ready to pay.
Cars in our database with this value right now: 128,163