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REVVBID
Set your maximum price before the auction starts and our system will automatically place the lowest competitive bid on your behalf, increasing only when necessary — up to your limit.
Step 1: Set your max bid & authorize a deposit To place a pre-bid, a hold is placed on your credit card for 10% of your max bid, or $600 — whichever is higher. This is an authorization only. No money is charged at this stage; the funds are simply reserved.
Step 2: The system bids automatically During the live auction, Revvbid bids on your behalf in the smallest increments possible. Your max bid is never revealed — the system only goes higher when outbid, stopping at your limit.
Step 3a: If you win Your deposit authorization is captured. The remaining balance — the final auction price plus any applicable fees — must be wired to us promptly. Failure to pay within 8 days results in the deposit being forfeited as a relisting fee.
Step 3b: If you don't win The authorization is released and no charge is made. Your funds are fully returned to you.
⚠️ Payment is due within 8 days of winning. If payment is not received, your deposit is forfeited and used as a relisting fee.
Place bids yourself during the live auction. Your deposit unlocks your bidding power — the more you deposit, the higher you can bid.
Step 1: Deposit to unlock bidding power Your deposit equals 10% of your maximum allowable bid. Every dollar you deposit gives you $10 in bidding power. You can bid on any car within your limit.
| Deposit | Bidding Power |
|---|---|
| $500 | $5,000 |
| $1,000 | $10,000 |
| $5,000 | $50,000 |
Step 2: Bid live on any car within your range Once your deposit is in, you're cleared to bid in real time on any vehicle priced within your bidding power. You control every bid manually.
Step 3: If you win — deposit is applied & excess refunded Your deposit is applied toward the required security amount, which is 10% of the final sale price or $600, whichever is greater. Any portion of your deposit above that threshold is refunded to you. The remaining balance — the final price plus fees, minus your applied deposit — is then due by wire transfer.
Example — $1,000 deposit, car won at $2,000:
| Final auction price | $2,000 |
| Required deposit (10% = $200, below $600 minimum) | $600 |
| Your deposit on file | $1,000 |
| Refund to you ($1,000 − $600) | $400 |
| Wire payment due ($2,000 − $600) | $1,400 |
ℹ️ The minimum required deposit is always $600 or 10% of the final sale price — whichever is greater. Any amount you deposited above this minimum is refunded automatically.
