Deposits & Buying Power
- Date updated
- By Admin Admin/Supervisor
What are deposits and how much do I need to make? What is buying power? How do I increase my 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 [...]