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
€
|
|
1 - 10
|
1 |
|
10 - 50
|
5 |
|
50 - 100
|
10 |
|
100 - 1000
|
25 |
|
1000 - 5000
|
50 |
|
5000 - 25000
|
100 |
|
25000 - 9940000
|
250 |
|
9940000 - 10000000
|
1 |
Note: the incremental bid option is selected by default.
Example 1: You checked the increment bid box and bid € 15000. Live auction bid is currently at € 15000 (a tie with your bid - unfortunately, it happens). Your internet bid is placed next at € 15100 (because you checked the increment bid box). The car sells to you at no more than € 15100 or to live auction bidder for € 15200 or more.