Getting Started Guide

Getting Started Guide: Bidding on RevvBid and Purchasing Vehicles

Step 1: Create an Account

To participate in auctions, you need a free account on RevvBid.

• Registration Process:
  1. Visit test.revvbid.com and click "Create Your Free Account."
  2. Enter your full name, email address, and create a password.
  3. Verify your email if prompted. Registration is quick, risk-free, and cancellable anytime.

No paid memberships exist—everyone gets full access to browse and bid with a free account. No dealer license is required, making it ideal for individual buyers.

Step 2: Make a Deposit

Before bidding, you must place a deposit to activate your account for auctions.

• Deposit Process:
  1. Navigate to the Deposit Page on test.revvbid.com.
  2. Submit a deposit via credit card (specific amount detailed on the Deposit Page).
  3. The deposit is refundable if you don’t win an auction, subject to terms.

This deposit ensures you’re ready to bid and secures your participation.

Step 3: Find and Research Vehicles

RevvBid’s inventory includes a wide range of salvage and clean title vehicles, updated daily.

• Searching for Vehicles:
  1. Use search filters on the homepage or inventory page to sort by make, model, year, location, condition (salvage or clean title), mileage, or price.
  2. Explore categories like cars, trucks, SUVs, motorcycles, and more, with over 153,800 listings.
  3. Review vehicle details, including photos, condition reports, VIN, and damage history. Research the vehicle’s background (e.g., via external services) to assess value and repair costs.
• Wishlist Feature:
  • Add vehicles to your Wishlist to track favorites and monitor their auction status.
• Cost Planning:
  • Visit the Fee Calculator Page on test.revvbid.com to estimate total costs, including bid price, broker fees, buyer’s premium, taxes, and transport.

Step 4: Start Proxy Bidding

RevvBid uses a proxy bidding system, allowing you to set a maximum bid and let the platform bid for you.

• How to Proxy Bid:
  1. Select a vehicle from your search or Wishlist.
  2. Enter your maximum bid in the auction interface (accessible after deposit confirmation).
  3. The system bids incrementally up to your maximum, competing against other bidders.
  4. Monitor your bids via your account dashboard.
• Bidding Tips:
  • No limits on bids or purchases.
  • Low broker fees keep costs competitive (use the Fee Calculator for transparency).
  • Set a realistic max bid based on your budget and vehicle research.
  • Contact customer service for help with your first bids.

Step 5: After Winning a Bid – Payment, Pickup, and Title

Winning a bid starts the process of finalizing your purchase and taking ownership.

• Payment:
  1. Receive a confirmation email with the final bid price, fees, and total due.
  2. Pay the full amount via wire transfer within 1-3 business days (deposit may offset part of this).
  3. RevvBid assists with documentation, including the bill of sale and title transfer.
• Pickup:
  • You must coordinate your own vehicle pickup from the auction facility.
  • Arrange transport within the storage window (typically 3-5 days) to avoid extra fees.
  • For salvage vehicles needing repairs, consider towing or professional hauling services.
• Title Delivery:
  • The vehicle title (clean or salvage) will be mailed to you by RevvBid after payment and paperwork are finalized.

What to Expect When Purchasing a Vehicle

RevvBid offers savings of 20-50% compared to retail, but plan for additional considerations.

• Costs Beyond the Bid:
  • Broker Fees: Low flat fees (detailed on the Fee Calculator Page).
  • Buyer’s Premium: A percentage of the bid (typically 5-10%; check Fee Calculator).
  • Taxes and Registration: State-specific sales tax and title fees apply.
  • Transport and Repairs: Budget $200-1,000+ for shipping; salvage vehicles may need $1,000-10,000 in repairs.
  • Example: A $5,000 bid might total $6,000-7,000 with fees and transport.
• Vehicle Condition:
  • Clean Title Vehicles: Generally road-ready with minor wear.
  • Salvage Title Vehicles: Previously damaged (e.g., flood, accident); suitable for parts or rebuilding. Review damage reports carefully.
  • Post-purchase inspection by a mechanic is recommended.
  • Salvage titles may have lower resale value but are great for DIY or flipping.
• Timeline:
  • Bid to ownership: 1-2 weeks, including payment, pickup, and title mailing.
  • Delays in pickup may incur storage fees.
• Support:
  • Customer service assists with payments, documentation, and questions.
  • Check FAQs or the blog for auction tips and updates.
  • Join the newsletter for deals and platform news.

Final Tips

• Start with low-value vehicles to learn proxy bidding.
• Use the Fee Calculator to set a full budget.
• Follow RevvBid’s blog and newsletter for tips and updates.
• Ensure compliance with local laws for titling and driving salvage vehicles.