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