How Are Bets Placed?
To place bids at auctions, users need to register — no dealer license is required.
A few steps to become a participant and start bidding:
1.Registration.
2.Making a minimum refundable deposit of $600.
3.Providing a copy of a government-issued ID.
4.Once completed, the participant can start placing bids.
We recommend placing maximum bids during the pre-bidding period. This allows you to use the BID4U feature, which automatically places incremental bids on your chosen vehicle. You can re-bid if your offer has been outbid and you receive an email notification.
Vehicles can also be purchased using other options: "Buy It Now" or "Make an Offer". These options are available on the lot page under the "Bid Information" section.
Important: after selecting "Buy It Now" and submitting an offer, the participant is required to pay for the offer including all submitted and approved applicable fees.
A buyer agrees to purchase the item when placing a bid or using the "Buy It Now" or "Make an Offer" options. After this, it is not possible to lower or withdraw the bid or offer.
Note: once a bid is placed or "Buy It Now" or "Make an Offer" is selected, it cannot be cancelled or lowered.