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.
First, place a bid on a vehicle before the specified deadline. The bid is placed in PENDING status. In order for the bid to be accepted and presented, the vehicle buyer must ACTIVATE the bid by submitting a $400 or 10% deposit (whichever is higher).
The vehicle buyer with the highest ACTIVE bid is notified shortly after the deadline of being the highest.
Next our affiliated dealers, on vehicle buyer’s behalf, present your bid to the Insurance Auction (closed to the general public). If they win the vehicle at the Insurance Auction, our affiliated dealer acquires the vehicle for the vehicle buyer, who is required to pay the balance within 2 business days. See details: How do I pay for the car? Read more
If a bid is received within the last 5 minutes of the deadline on our site, the bidding end time is automatically extended for an additional 5 minutes. This feature has been implemented to allow the customer previously with the highest bid to increase. RideSafely.com is service-company soliciting highest bids to be presented at affiliated insurance auctions. We encourage each of our customers to submit his highest bid from the beginning. Doing so will increase the affiliated dealer’s chances of acquiring the vehicle for the customer and will help mitigate further last-minute bid increases.
Trevose, PA, 19053, U.S.
Phone: +1( 215) 289-0300