Increment bidding allows Copart to increase your entered bid by one and only one increment in the event your entered bid is tied with a bid from another member. If your bid is the highest bid, then your bid will NOT be incremented. Our increments are based on the following table :
Bid Range
$
|
Increment
$
|
0 -
5
|
1 |
5 -
40
|
5 |
40 -
100
|
10 |
100 -
1,000
|
25 |
1,000 -
5,000
|
50 |
5,000 -
25,000
|
100 |
25,000 -
50,000
|
250 |
50,000 -
100,000
|
500 |
100,000 -
9,999,999.99
|
1,000 |
Note: The bid increment checkbox is selected by default.
Example 1: You checked the increment bid box and bid $15,000. Another bid of $15,000 has already been placed. Your bid is placed next at $15,100 because you checked the increment bid box. The car sells to you at no more than $15,100 (unless another Member bids $15,200 or more, either during pre-bidding or in the live online auction).