Bidding on the vehicle(s) you would like to purchase is as easy and convenient as it is exciting! Just go to http://member.copart.com/c2/, then log in as member and start browsing for the vehicle(s) you want, and bid on them. There are two ways of bidding: Virtual Bidding and Preliminary Bidding.
How COPART VB2 Works
As a market leader in vehicle remarketing technology, Copart applies its technology to improve and increase returns enabling buyers to submit bids over the internet on vehicles available in physical locations, and although Copart was the first vehicle auction company, opened in 1998, it was in 2001 that Copart introduced their virtual bidding system which made Copart a truly interactive platform for live auctions. Copart then developed their new VB2, Virtual Bidding – Generation 2, in 2003, as a revolutionary tool which enabled Copart to become a global remarketing company for vehicles sellers and buyers.
VB2 technology was a combination of two bidding processes, competitive and open preliminary bidding followed by a virtual sale. Preliminary bidding enables members from around the world to view vehicles, enter bids through kiosks located at any Copart facility or using the internet. Through preliminary bidding, members can enter maximum bids for vehicles they are interested in and Copart’s Bid4U system will automatically bid on the member’s behalf using incremental increases. Outbid members receive notice by email and then are given opportunity to re-bid, if they choose too.
After receiving a member’s transfer vehicle title, their vehicle is set for a Virtual Sale, while local and internet members continue to compete using the preliminary bidding process until one hour before the actual internet virtual sale begins.
Throughout the Virtual Sale, Copart’s web server conducts an auction-like internet sale, while members from anywhere around the world can join log in to the Copart website and join the Virtual Sale. After the sale starts, five virtual images of each vehicle are displayed, as well as the current high bid from the preliminary bidding period. Preliminary bids are represented by Bid4U during the Virtual Sale, and when the bidding finally stops, a countdown is initiated, but if nobody bids during the countdown, the vehicle is then considered sold to the highest bidder. This process is simple, user-friendly, and fast.
Committed to its members, Copart offers innovative services and products that propel the vehicle remarketing marketplace forward.
Those who have a busy schedule can take advantage of Copart’s unique preliminary bidding system, which allows you to place your maximum bid on the vehicle(s) of your interest, 24 hours a day, at any time up to one hour before the auction. This system is called BID4U.
BID4U makes the bidding process easier and more efficient. BID4U represents the highest preliminary bidder during the virtual auction. You simply enter the maximum price you are willing to pay for the lot during preliminary bidding, and BID4U will bid on your behalf up to your maximum bid during the virtual auction.
If you are the highest bidder you may be awarded the vehicle at a lower price than your maximum bid. For example: If your maximum bid is $2,000 and the Virtual auction stops at $1,200 with you as the higher bidder, you get the vehicle for $1,200.
Please note that your maximum bid is absolutely confidential.
Virtual Bidding VB2 is done in real time, as the Virtual Auction takes place. The Sale date indicates the date in which the vehicle(s) you are interested in will be auctioned. The item number indicates the order in which they will be auctioned. The Current Bid is the highest price offered for this lot at this time. There may be a higher maximum bid being represented by BID4U. (exact time)
Please Note: Once you enter a bid, you can not lower it nor delete it. You can, however, increase it at any time.
In case of a tie between a Virtual Bidder and a Preliminary Bidder – Bid Increment Option
Copart does our best to prevent ties from happening. However, when they do, it is Copart’s policy to award the vehicle to a Virtual bidder.
To avoid a tie between a Preliminary Bidder and a Virtual Bidder, the automated system BID4U offers an option called Bid Increment. If you select this option when you place your preliminary bid, then in the case of a tie, BID4U will bid only one more additional increment over your maximum bid in order to break the tie.
If a bidder with a higher maximum bid out-bids you, you will be notified via e-mail.
If you are encountering problems when placing your bid, it could be for one of the following reasons:
Registration process may not be complete. Make sure you provide us with a copy of your ID. E-mail a copy of your ID to email@example.com or fax it to +1 786-513-5888 you can also upload it by logging into your account and clicking Upload ID on the Dashboard page http://www.easyexport.us/user/login. US Residents may provide us with either a copy of their driver’s license or state I.D. Non US Residents with a copy of their passport.
Once your information is verified and processed you will be able to start bidding.
If the following message appears on your screen:
“We're sorry. You have exceeded your bidding limits. Your bid cannot be accepted.”
You have insufficient funds in your security deposit to make the bid you want. The security deposit should consist of at least 10% of the total amount you would like to bid. At the time of registering, you are only allowed to make a security deposit of $400, which enables you to bid up to a total of $4,000. Once your registration is processed, if you wish to bid more than $4,000, you must increase your security deposit accordingly, by going to http://www.easyexport.us/user/payment. You can increase your deposit by debit or credit card, PayPal or wire transfer. You will be asked to provide your User ID number so, for faster processing, have it at hand.
If you have an annual registration and you wish to bid on more than one vehicle at the same time, your security deposit must include at least $400 for each vehicle you want to bid on.
Example: If you want to bid on two vehicles at the same time you must have at least $800 in your security deposit. This will allow you to bid up to $4,000 on each car or a combined total of $8,000 on both vehicles. If you want to bid more than a total of $8,000 on both cars then you have to increase your security deposit so that it contains at least 10% of the total amount of money you wish to bid. Similarly, if you would like to bid on three vehicles at the same time, you should have at least $1,200 in your deposit. This will enable you to bid up to $4,000 on each vehicle or a combined total of $12,000 on three vehicles.
If there is still a balance pending on your account from a recent purchase you made. If you were awarded a vehicle in a previous auction, you will not be able to bid on any additional vehicle(s) until all invoices are paid in full and all transactions are cleared.
If a message such as the following appears on your screen:
“unexpected error occurred”
Check the sale date of the lot you are trying to bid on. If there is no sale date, it means that that lot was pulled from that sale.
If you entered a higher bid but it still does not show on the current bids display, try pressing the reload or refresh button or changing your Internet Explorer settings for Temporary Internet Files the following way:
In Internet Explorer 3.0 select View -> Options and click on the "Advanced" tab.
In Internet Explorer 4.0 select View -> Internet Options and click on the "General" tab. Click on the Settings button for Temporary Internet Files and select "Every visit to the page" under "Check for newer versions of stored pages:"
Remember: the only way to submit your preliminary bid or participate in VB2 sales is by logging in at http://member.copart.com/c2
If a message such as the following appears on your screen:
“Invalid bid amount. Please enter digits only (0-9)”
Please, check the entered amount. The system does not accept any punctuation marks. For example: if you want to bid $1000.00 (one thousand), you should enter 1000.
If a message such as the following comes up on your screen:
“Current status does not allow online bidding”
Please contact ING Solutions LLC.