Buying Power & How to Increase It

Buying Power is the total amount you can bid, and the total amount of active bids you can make. If you have $10,000 in buying power, you could bid $5,000 on Lot A, $4,000 on Lot B, and $1,000 on Lot 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 Lot A in the example above, you’d get back $5,000 in Buying Power.

Basic Members can bid up to $2,000 total without a deposit. To bid more, you’ll need to make a deposit of 10% of the total amount you plan to bid. So if you want to make $20,000 in total bids, you’d need to make a deposit of $2,000.

To increase your deposit and your Buying Power, go to the Payments tab, then select Deposits. Enter the amount you want to increase your deposits, then choose the payment method you want use to provide those funds.

Premier Members make a one-time deposit of $400 and can place bids totaling $100,000 at any given time. Basic Members can upgrade to Premier to increase their buying power as well.

Buying Power beyond $100,000: Premier Members may request approval to bid or win above $100,000 without placing additional deposits. Email [email protected] or call +1-972-391-5400 with your Member ID and the lot number you wish to bid over $100,000 on. Copart will review your profile and purchase history before approving.

All deposits are fully refundable if your account is in good standing, all outstanding invoices have been paid and no active bids have been placed. A refund of the $400 Premier deposit will also stop you from being able to bid and will downgrade your account to a Basic Membership.