How much is the security deposit?

Security Deposits are typically $600.00 or 10% of the offer price, whichever is greater. A Deposit is required for every highest eligible offer, and is due by 8:30 AM, same day on the Offer End Date. Deposits are accepted via Bank Wire Transfer (all values), and credit card (up to $2000.00, i.e. two thousand dollars). International customers, please make sure necessary funds are transferred to a specified affiliated dealer's account via Bank Wire Transfer prior to submitting an offer.

Please note the customer's account will be suspended for non-payment if the customer fails to send the deposit on time. Suspended customers may be reinstated only by sending a deposit via wire transfer or other approved method, which will be applicable to his/her next purchase. Please plan accordingly to submit your payment in advance.

*Please note if a customer submits an offer with Elite Auto Auctions and has an available credit, the available credit will be used toward the bid deposit.