Why does it say my bid limit is 0?
/0 Comments/in Processaccount/by RideSafely.comYour bidding limit represents your maximum potential bidding amount based on your deposit available. For example: If your deposit with RideSafely.com account is $400, then your bidding limit will be $4000. If your deposit is $1000.00, than your bidding limit would be $10,000. Please keep in mind, minimum deposit to bid is $400 or 10% (whichever is greater).
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Do I have to be dealer in order to buy car from this auction?
/0 Comments/in Processaccount/by RideSafely.comThere is no dealer license that is required to purchase used vehicles or salvage cars from RideSafely Auto Auction Remarketing Services – Copart, IAAI.
Our auction website will be able to allow you to be able to participate in wholesale car auctions and purchase them from:
- Insurance auto auction companies.
- Banks, leasing companies.
- Fleets, as well as car dealers for wholesale prices.
That means that you will be able to get cars for cheap. Learn more at RideSafely.com
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Do you accept cash?
/0 Comments/in Paymentaccept/by RideSafely.comOur US-based customers can conveniently opt for cash payments. However, it’s important to note that for cash transactions amounting to $10,000 or more from the same customer within a 12-month period, we are obligated to report these transactions to the IRS using Form 8300. To comply with regulatory requirements, before accepting and applying a cash payment to your account, we must collect your Social Security number or your EIN (Employer Identification Number) for accurate reporting to the IRS. This ensures transparency and adherence to financial regulations.
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For any further queries or assistance, please feel free to reach out to us at (215) 289-0300. We’re here to help and ensure your experience with us is seamless.
Thank you,
Team RideSafely.com
feedback[at]ridesafely.com
How much is the security deposit?
/0 Comments/in Paymentaccept/by RideSafely.comTo activate a bid with RideSafely, a security deposit is mandatory, which is either $600.00 or 10% of the bid amount, depending on which is greater. For your convenience, we accept deposits through various methods: Bank Wire Transfer (suitable for all amounts), Credit Card, and PayPal (up to $2,000.00 or two thousand dollars).
For our international customers residing in countries where PayPal is not accessible, it’s essential to transfer the necessary funds to a designated affiliated dealer’s account via Bank Wire Transfer before placing your offer.
Please be aware that if a deposit is not submitted on time, it will result in the suspension of the customer’s account due to non-payment. To reinstate a suspended account, customers must send a deposit via wire transfer, which will then be credited to their next purchase. It is advisable to plan and ensure timely deposit submissions.
In cases where a customer with available credit on their account submits an offer, this credit will automatically be applied toward the bid deposit.
Regarding credit card payments, it’s important to note that these payments are temporarily held and automatically released after a 21-day period. As a result, any credit on your account that has been charged to a credit card will remain for a 21-day period only.
For any further questions or assistance, please don’t hesitate to contact us at (215) 289-0300. We’re here to ensure a smooth and secure bidding experience at RideSafely.
Thank you,
Team RideSafely.com
feedback[at]ridesafely.com
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