Sale Status
What are the different types of sale statuses?
Vehicles can be sold in different ways with different conditions on Copart.com. Below are the definitions of the most common sales statuses.
Pure Sale
No minimum bid or reserve price. Vehicle is awarded to the highest bidder at the close of bidding during the virtual auction.
On Approval
The Seller has reserved the right to approve or reject the final high bid from the virtual auction. The Seller has until 10 p.m. CT one (1) business day after the sale to approve the bid. The high bidder is obligated to purchase the vehicle if the Seller accepts the final bid within the approval period.
Reserve Price/Minimum Bid
Seller has set a minimum price on a vehicle. If the Reserve Price isn’t met or surpassed during the virtual auction, the Seller has until 10 p.m. CT one (1) business day after the sale to accept or reject the highest bid. If rejected, the Seller has the option to relist the vehicle for sale on Copart.com.
