Iaa Insurance Auto Auction Homepage (2024)

FAQs

How to win online car auction? ›

Take the opportunity to inspect the cars you're interested in before you place your bid. This can involve a visual inspection, checking for any external damage or wear and tear, as well as reviewing the vehicle's history through reports and service records.

Sometimes, Buyers are unable to bid if their membership has expired or their license and documents on file are out of date. Log in and navigate to your profile. Check your User Profile tab, to see if your yearly membership fee has expired.

Payment - Payment for any vehicle awarded is due within three business days (auction day plus two business days; i.e., if auction is on Monday, payment is due by close of business on Wednesday).

Sales are set for 24 to 30 hours, with all sales closing by 9:00 p.m. CT the day after a vehicle has been posted.

One of the reasons we would usually advise any buyer to consider bidding early at least once is the importance of making sure that the auctioneer is aware of your interest.

You can register as a Guest, free of charge (with no bidding privileges), or register for a bidding account as a Public (Individual) or Licensed Business buyer. Public Buyer: Public buyers do not need a business license. As a Public buyer you will be able to bid on inventory that is available to the public.

IAA offers convenient Payment Methods including: Cash (up to $500 per day) Cash Equivalent: Money Orders, Cashier's Checks, Certified Checks, Traveler's Checks.

Not meeting mandatory requirements. For example, where the buyer has stipulated a minimum turnover and accounts do not reflect this, the submission can be rejected. Trying to submit a bid after the deadline.

A variety of vehicles will be available, although each will have a reserve price. Can I cancel a bid? No. Once you place a maximum bid on a Timed Auction vehicle, the bid is final.

Can you return a car to IAA? ›

In order to request a vehicle that is awarded into your account to be reneged, you must send your request via Email to Buyer Services and list your buyer number, the stock number and the reason why you want to renege the vehicle.

On-Site Vehicle Inspections

If an IAA buyer needs more than the digital experience prior to bidding, IAA offers a detailed vehicle inspection exclusively through our nationwide inspection partner CarInspector.us.

Vehicles with clear titles have never been deemed a total loss by an insurance company. For IAA vehicles, this usually means the car needs some repairs, but the repairs should not be more than what the vehicle is worth.

What is an “If Bid” or “Sale Pending” bid? Answer. When the highest bid doesn't meet the seller's reserve price for the vehicle on the block, it will be marked as an “If Bid.” This means the seller will make a decision to accept the high bid, decline the high bid, or send a counter offer to the bidder via Manage Offers ...

As of 2022, eBay has rolled out a new rule that states all unpaid items must be settled within four days from the time that the buyer has finalized the order or has won the auction. Therefore, a buyer must pay for the sold items within that period.

One way to improve your odds of winning an auction is to set a high, competitive bid. But don't worry, even if you set a high starting bid, you often end up paying a lower cost per result once your campaign runs.

Assess the value and condition of the items, have a clear bidding strategy, and be patient. Wait until the last moment to bid to avoid unnecessary competition. Focus on items you genuinely desire, and don't get caught up in emotional bidding. Lastly, remain composed and disciplined to stay within your budget.

You're liable for the deposit on auction day and the rest of the purchase price, plus fees, by the completion deadline (typically 28 days after the auction). If you can't pay the deposit, you may face legal consequences. The auction house and seller can demand that you pay the amount specified in your contract.

There is no guarantee that buyers will pay for the items they win. Buyers may enter incorrect delivery addresses or emails. Auction sites typically charge sellers a fee for each item sold, so it is important to factor this into the item's price.