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Here’s How AutoBidMaster Works

Here's How AutoBidmaster Works Getting Started 1 Register To start bidding, you must first register with AutoBidMaster. Registration includes a Free Basic Membership. You will need to upgrade to another membership if your buying needs exceed the limitations of the Basic Membership. Provide a Government 2 A Issued Photo ID Your government issued photo ID is used to verify your identity and contact information. Federal and state regulations require this ID be on file for both the seller and buyer to guard against vehicle theft and/or fraud. A 3 Set Your Buyer Power Your Buyer Power determines the maximum you can bid on any given auction and is set with a deposit. A minimum deposit of $400 is required, and constitutes 10% of your Buyer Power. A $400 deposit will set Buyer Power at $4,000. Your deposit can be released at any time provided you have no outstanding invoices or bids. Vehicle Search 4 AutoBidMaster has thousands of vehicle types, makes, and models to search from. You can also search for additional criteria including but not limited to: title type, vehicle condition, odometer, and location. A Vehicle Inspection AutoBidMaster strongly encourages all members to inspect the vehicle before bidding. POOR GOOD CLEARVIN How to Bid Auction Types 6. Pure Sale Buy Now Minimum Bid On Approval If a buyer is willing to pay the listed price they can skip the bidding process. The lot will be Seller reserves the The seller of the awarded to the right to not sell if vehicle retains the highest bidder of the minimum right to approve any bid before the auction. price is not met. sale of the vehicle. 7 Preliminary Bidding Every vehicle sold through auction goes through two AUCTION bidding phases, a "Preliminary" bid and a "Live" bid. Preliminary bidding last until one hour before the live auction depending on the vehicle for sale. Once you place a bid, that bid is binding and cannot be canceled or retracted. Live Bidding 8 BID Live bidding happens very quickly, lasting only seconds. The countdown timer will keep refreshing with every bid placed. When the bidding stops, the timer will circle to red, and the bidding is over. Live bidding is available only to Advanced & Premium membership holders How to Buy 9 Payment A You will be notified by email when you win an auction. This email will detail all the steps required to finish the sale, and will include the invoice, along with instructions on making payment by wire transfer. It is highly recommended that you make payment as promptly as possible to avoid any additional fees. $ 100.00 Documentation 10 Once payment is made, ownership documents will be sent from Copart to AutoBidMaster. AutoBidMaster will also send you a notification to E-Sign your Purchase Agreement Documents. Please allow 2-5 weeks for your ownership documentation to be processed. 11 Shipping auto bid AutoBidMaster offers members a simple vehicle shipping solution. From getting a quote to delivery updates, you can now manage the entire shipping process from your master AutoBidMaster account. Save time and money when you order shipping with us! Register Now Source: al

Here’s How AutoBidMaster Works

shared by denislilleus on Oct 23
Bidding on AutoBidMaster is as simple as it can get. This infographic walks you through the entire process, right from registering to shipping. Here’s how you can bring home your dream vehicle at an...


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