VIDEO. Why do I need to add a deposit?

According to auction rules each member is required to place a security deposit prior to bidding. A deposit allows you to bid and guarantees you will buy the vehicle when you win the auction, as we are responsible for ensuring payment of awarded vehicles to the Copart and IAAI. You will not be able to bid without making a deposit. The security deposit must be a minimum of $600 or 10% of the bid amount (whichever is higher), the amount of your deposit limits the amount of your bids and the number of vehicles you can bid simultaneously.