The security deposit is collected before you receive your Buyer credentials as an assurance that you will pay for what you purchase at the auction.

The Security Deposit must be paid in full using any major credit cards, PayPal or by bank wire transfer.

The security deposit is a minimum of $400 or 10% of your Buyer Power. The $400 security deposit enables you to bid up to $4,000. You must submit $100 for each additional $1,000 of desired Buyer Power. To be able to bid up to $10,000 you must have $1,000 on deposit.

The security deposit amount does not apply towards the payment for vehicles.