Bid Deposit Requirement

All participants in auctions conducted on this website are required to place a refundable bid deposit at the time of submitting a bid. The deposit serves as a demonstration of the bidder’s genuine intent to purchase should their bid be successful.

Application of Deposit on Successful Bids

In the event that a bidder’s offer is successful, the bid deposit will be applied toward the final purchase price of the vehicle or item won at auction.

Refunds for Unsuccessful Bids

(a) If a bidder’s offer is not successful, the deposit may be refunded following the completion of the auction.

(b) Refunds must be requested through the designated refund request page on this website.

(c) Refunds are typically processed within five (5) to seven (7) business days, though processing times may vary depending on the bidder’s financial institution.

Administrative Fees

(a) Please note that all refund transactions are subject to a non-refundable administrative fee, which will be deducted from the refunded deposit amount.

(b) The administrative fee covers processing, banking, and handling costs associated with bid deposit management.

(c) The applicable fee amount or percentage will be disclosed at the time of placing the bid deposit.

Refund Request Procedure

To initiate a refund request, the bidder must complete and submit the online refund request form available at the following page:

 Refund Request Page

Additional Conditions

(a) The website operator reserves the right to withhold or delay the refund of a deposit in cases of suspected fraud, breach of the auction rules, or other irregularities.

(b) By placing a bid and submitting a deposit, bidders acknowledge and agree to the terms outlined in this Bid Deposit and Refund Policy.