How does Elite Auto Auctions work?

First, place an offer on a vehicle before the specified deadline. The customer with the highest eligible offer is notified shortly after the deadline and then guarantees his offer with a security deposit of $600.00 or 10% of the offer price, whichever is greater. The same day, one of our authorized affiliate dealers, on your behalf, presents the offer to the Insurance Company (closed to the general public).

If the offer is accepted by the Insurance Company, our authorized affiliate dealer acquires the vehicle for the customer, who is required to pay the balance within 24 hours (every day after the customer accrues a $50 late fee - per day). If the authorized affiliate dealer does not acquire the item, the deposit is refunded to the customer upon request. Alternatively, the deposit can be applied toward an offer on another vehicle.

For more information, please read our Elite Auto Auctions Quickstart Guide.