Ways to Bid on Copart

VB3 AUCTION TECHNOLOGY

Our VB3 auction technology is a 2-stage bidding process, allowing you to bid well before the live auction begins.

TYPE	DESCRIPTION	TIMING	BENEFITS
BUY IT NOW PC/Online iPhone/iPad	Buy a vehicle immediately for the price listed by the seller. This option is only available on select vehicles.	You can choose to Buy It Now once an item is listed on our website until the Virtual “Live” Auction begins.	Ideal for those who do not want to wait for the sale date to compete with other Members for the vehicle. Buy It Now allows you to lock in the sale price and complete the transaction the same day.
PRE-BIDS PC/Online iPhone/iPad Yard Kiosk	Enter your max bid price for the vehicle. If you are the highest pre-bidder, our BID4U program places incremental bids on your behalf during live bidding. We’ll send you an email or notify you via our mobile app if you are outbid.	You can pre-bid once an item is listed on our website, up to 1 hour before the Virtual “Live” Auction starts.	If you have the highest bid at the end of preliminary bidding, BID4U will bid on your behalf in the Virtual “Live” Auction—great for those who can’t attend on sale date. Also valuable when bidding on several vehicles. Pre-bidding can help determine whether you have a shot of winning during Virtual “Live” Auction.
LIVE BIDS PC/Online iPhone/iPad	This is the incremental bid you place in real time once the Virtual “Live” Auction starts. You can also increase the amount one or more increments over the current bid amount to place a Monster Bid.	On the day of the sale, vehicles are arranged by item number and you can begin live bidding once the lot is “on the block.” The countdown timer begins to run. Each time a live bid is submitted, the clock resets. If it reaches zero, the sale is over.	Great for those who can attend the Virtual “Live” Auction held on the sale date. Live bidding on our auction platform is fast and fun! You can also attend the live online sale to see the sale prices of vehicles you’re interested in even if you aren’t sure you’d like to bid.
COUNTER BIDS PC/Online iPhone/iPad Telephone	When a vehicle is sold with a Minimum Bid requirement or “On Approval,” the seller may send you a counter bid after the Virtual “Live” Auction ends. You can choose to accept, decline or respond with your own counter bid.	You and the seller can place counter bids after a lot has run through an auction until 5pm PT the next business day after the sale date.	Allows your best offer to be reviewed by the seller.