Deposits

How does Copart handle deposits?

Copart handles deposits differently depending on if you are a Basic or Premier Member. 

If you are a Basic Member, you can bid up to $2,000 without a deposit. To bid more, you’ll need to deposit 10% of the total amount you want to bid. So, if you wanted to bid $20,000, you’d need to make a deposit of $2,000.

If you are a Premier Member, you only need to make a one-time deposit of $400 to bid up to $100,000 per day.

All deposits are fully refundable if your account is in good standing and all outstanding invoices have been paid. A refund of the $400 Premier deposit will stop you from being able to bid and will downgrade your account to a Guest Membership.

To increase your deposit or request a refund, log into your account, go to the Payments Due tab, then select Deposits from the top or left-hand side of the page.

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