Is my security deposit refundable?

If a bidder/ buyer has no active bids, purchased no vehicles, and has no outstanding fees, the security deposit is 100% refundable. If a “bid” has been placed or a buyer has purchased a vehicle, the security deposit is held until the auction is over or the vehicle is paid for and picked up.

The refund will be issued in the original form of payment. The release of the security deposit will reset the bidders Buyer Power to zero. If you would like to bid again you will need to renew your deposit.

Was this article helpful?
10 out of 10 found this helpful
Have more questions? Submit a request