Increment bidding allows Copart to increase your entered bid by one and only one increment in the event your entered bid is tied by a live virtual bidder. If your bid is the highest bid, then your bid will NOT be incremented. Our increments are based on the following table:
The incremental bid based on the vehicle’s value is explained in the chart below.
Bid Range
£
|
Increment
£
|
0 -
10
|
1 |
10 -
50
|
5 |
50 -
100
|
10 |
100 -
1,000
|
25 |
1,000 -
5,000
|
50 |
5,000 -
25,000
|
100 |
25,000 -
9,940,000
|
250 |
9,940,000 -
10,000,000
|
1 |
Note: The incremental bid option is selected by default.
Example 1: You checked the increment bid box and bid £ 15,000. Live auction bid is currently at £ 15,000 (a tie with your bid - unfortunately, it happens). Your internet 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 or to live auction bidder for {} 15,200 or more.