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You must make a REFUNDABLE deposit on your account at www.Auto4Export.com before you are able to use the BID or BUY NOW functions to purchase vehicles. The minimum deposit amount required to get started is greater than $600.00 or 10% of the transaction amount (BID/BUY NOW price).
The deposit is required as a good faith gesture to show that the buyer is sincere and honest about the purchase he or she is making.
Deposits can be made via PayPal (Visa/MasterCard capable) or paid by Direct Deposit/Wire Transfer, which goes directly into our banking account.
Example: If you want to place a bid on two separate vehicles at once, your security deposit must be at least $800.00. This amount allows the buyer to place a bid of up to $4,000.00 for each vehicle. If the buyer wishes to place a higher bid, the security deposit must be increased so that it contains a minimum of 10% of the total amount bidded for both vehicles. For example, if a buyer plans to bid $5,000.00 for one vehicle and $6,000.00 for another vehicle, the total deposit amount required to place the bid would be $1,100.00 ($500.00 for the first vehicle and $600.00 for the second). The deposit requirement applies to all transactions regardless of how many vehicles are being bidded on.
If a buyer places a BID or BUY NOW request and is not successful, the security deposit can be used to bid or purchase another vehicle or can be refunded to the buyer upon your request.
**Note: The security deposit cannot be used towards the partial or full purchase of a vehicle. The deposit is fully refundable at any time upon the buyer’s request if there are no incomplete transactions or pending payments on the buyer’s account.
IMPORTANT: Account cancellation will be accompanied by a full refund of the buyer’s security deposit. A minimum deposit of $400.00 must be kept on a buyer’s account at all times to keep an account inactive status. However, buyers are entitled to partial refunds at their request.
YOU ARE ENTITLED TO A REFUND OF YOUR SECURITY DEPOSIT AT ANY TIME. Please note that a $45.00 transaction fee will be applied to all international Wire Transfers.
**NOTE: Buyers that prefer to purchase in lots or bulk are able to receive open direct access to Insurance Auto Auction under our license. You need to make a deposit for direct access (10% of transaction price but not less than $1,000.00 and $75.00 non-refundable annual fee) and send a copy of your valid Photo Identification or a copy of your Passport to our Customer Service department at [email protected]. You may also fax the copy to +14047458584.
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