Deposits & Buying Power

Deposits help prevent fraud and loss. If someone has to make a deposit, they are less likely to try to steal a vehicle or place fake bids to drive up the price of their own lots up for sale. Generally, deposits help guarantee Member accounts represent real bidders & buyers.

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

Basic Member

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 want to bid a total of $20,000, you’d need to make a deposit of $2,000. $20,000 is your Buying Power, the total amount you can bid, or the total amount of active bids you can make.

Example: If you have $10,000 in buying power, you could bid $5,000 on Car A, $4,000 on Car B, and $1,000 on Car C. At that point, you would hit the limit of your Buying Power. If you lose an auction, you’ll get back the amount of bids you made on that vehicle. For example, if you lose Car A in the example above, you’d get back $5,000 in Buying Power.

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.

Premier Member

Make a one-time deposit of $400 to bid up to $100,000 per day.

Refunding Your Deposit

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 downgrade your account to a Guest Membership.