After starting bid has been satisfied, this option allows Copart to increase your top bid by one increment (based on the value of the vehicle) in case you are tied for the highest bid
The incremental bid based on the vehicle’s value is explained in the chart below.
Bid range
$
|
Increment
$
|
1 - 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
|
1,000 |
Note: the incremental bid option is selected by default.
Example 1: you selected the incremental bid option and bid $ 15,000 on a vehicle. When someone else places a bid for $ 15,000, your bid would automatically be increased to $ 21,600, and no more. If no one else places a higher bid, you would purchase the vehicle for $ 21,600, plus any Copart fees.