Even though a customer may hold the highest bid on our site, the Insurance Auction may have received and accepted a higher bid from another authorized party. Our affiliated dealer will only bid up to the customer`s maximum bid amount. That`s why we encourage our customers to submit their ABSOLUTE MAXIMUM bid they are willing to pay for the vehicle.
Start by placing a bid on a vehicle before the given deadline. Initially, your bid will be marked as PENDING. To have your bid considered and forwarded, you must ACTIVATE it by depositing either $600 or 10% of the bid amount (whichever is greater). Read more
If a customer has the highest ACTIVE bid at the end of the RideSafely.com end of bidding time, we automatically notify him via e-mail and update his account on RideSafely.com. It is the customer’s responsibility to check his e-mail and bid status by selecting the `My Account` menu and then the `My Bids` option.
If the customer never activated a ‘Pending Bid’, it`s not considered to be the highest and won`t be presented at the auction. To activate a bid the customer must submit a security deposit of $400.00 or 10% of the bid amount (whichever is greater). Up until the RideSafely.com bidding closes, we notify customers via email when they have been outbid, or if they need to activate their bid. We also recommend customers to regularly check their bid status in the “My Bids” page before the bidding ends.
Next, one of our affiliated dealers, on your behalf, bids at the Insurance Auction (closed to the general public). If the bid is accepted by the Insurance Auction, our authorized affiliate dealer acquires the vehicle for the customer.
Vehicles labeled as “inventory items” can be both inspected and purchased at our authorized affiliate dealers. Conversely, most other vehicles are housed at Insurance Auction locations and are not open for either inspection or direct purchase by the general public. It’s important to note that RideSafely operates as an online auto auction platform.
For further inquiries or assistance, feel free to reach out to us at (215) 289-0300.
Thank you,
Team RideSafely.com
feedback[at]ridesafely.com