How to get your hands on a Samsung smart TV or an Electrolux dishwasher for as little as $1 at incredible online sale 

• Lloyds Auctions are offering the cheap electronics and whitegoods this week
• Every item will start at just $1 with bids already open to potential shoppers 
• The items have suffered minor carton damage and small scratches and dents

Aussies hoping to snap up a new smart TV or high-end dishwasher can do so for as little as $1 as an incredible online auction kicks off.

Lloyds' Auctions is hosting the massive sale on whitegoods and electronics that have suffered some minor scratches, dents and carton damage.

The unreserved auction will begin on Sunday with all items starting at $1.

Shoppers have already started placing their bids on the items from popular brands such as Samsung, LG, Electrolux, Hisense, Simpson, Fisher & Paykel and Bosch.

The $1million haul mainly consists of fridges, flat screen televisions, dishwashers, washing machines and even electronic bikes.

The items have no warranty but are in fine working condition. 

Lloyd's urges those interested in the products to bid early as the nature of bidding online can bring its own problems.

Some items have already reached bids into the thousands. 

'My best advice is to bid early. There is a distinct disadvantage not to do that. Lots of people try to do it in the last few seconds and then miss out,' a spokesperson said.

'In fact, I cannot tell the amount of calls I've received where a bidder has missed out due to their internet connection preventing them from getting their bid in within the last few seconds.'

While most items will sell for higher than their starting price of $1, shoppers can expect to save as much as 60 to 80 per cent as they would in stores, 7 News reported.

Items are only available for pick up at the warehouse in Sydney with payments to be made in full by next Tuesday. 

Shoppers can view the auction on the Lloyds website.