What is Preliminary Bidding? Auction Types

Preliminary bidding means bidding before the actual auction takes place. This is where RideSafely.com will collect the highest bidder and then present that offer at the actual live auction.

Keep in mind, we will bid in the smallest possible increments up to your max bid (if necessary) to try to get the best price for you at the vehicle auction. Read more

How much is the security deposit?

To 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.

RideSafelyThank you,
Team RideSafely.com
feedback[at]ridesafely.com

RideSafely’s bidding has ended. Is my bid the highest?

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.