Why do I need a security deposit?

AutoBidMaster requires a security deposit for two reasons.

Buyer Power: Before you can bid, you must set your Buyer Power with a security deposit. A security deposit is 10% of your total Buyer Power.

(example $400 security deposit = $4,000 Buyer Power)

Relisting Fees: AutoBidMaster collects a security deposit in advanced to help cover fees that occur when a buyer wins an auction but refuses to pay for the vehicle. Refusing to purchase a vehicle that is won at auction results in the forfeiture of the security deposit.
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