All Collections
Buying Power & Security Deposits
How much of a security deposit do I need?
How much of a security deposit do I need?
Stacy Denver avatar
Written by Stacy Denver
Updated over a week ago

The standard security deposit for bidding is $600 or 10% of your desired bid amount (whichever is greater), which enables you to place bids on our platform. However, for new customers, we offer a promotional security deposit of $400, which allows you to bid up to a total of $4,000.

If you intend to bid on two or more vehicles simultaneously, your security deposit must be adjusted accordingly. You will need to place a security deposit of $600 for each vehicle you wish to bid on. Our bidding limit calculator can assist you in determining the exact deposit required for multiple bids.

Last Updated 11/15/23

Did this answer your question?