Elite Auto Auctions's bidding period has ended. Is my offer the highest?
If a customer has the highest offer at the end of the Elite Auto Auctions offer acceptance period, the status of the offer will be determined and updated at 10:00 AM (EST) (2 hours after auction closing). It is the customer's responsibility to check his e-mail and invoice by selecting the 'My Account' menu and then the 'My Offers' option. The customer must then guarantee his offer with a security deposit of $600.00 or 10% of their highest offer, whichever is greater. In some case it might be $1000 or 20% if the vehicle begins with the inventory number that has the letter 'i' in front of it.
Next, 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.
Up until the Elite Auto Auctions acceptance period expires, we notify customers when they have been outbid. We recommend customers to regularly check their offer's status in the 'My Offers' (or their e-mail) page before the acceptance period expires.