Welcome to QuickAuction! Our platform operates as a sealed bid auction, offering you an exciting opportunity to bid on vehicles within a designated 7-Day window. Below is an overview of how our system works, what to expect during your first few purchases, and how to manage your account effectively.
1. The Bidding Process
QuickAuction runs as an open bid auction, which means:
Live listings are open for bidding: You’ll see all vehicle details, photos, and the current bid amount.
Real-time countdown: Each auction has a visible timer showing how much time is left (typically 7 days).
Place your bid: You can enter your bid directly on the listing page — bids must meet or exceed the minimum bid increment.
Watch bidding activity: See how many bids have been placed and what the current highest offer is.
Buy It Now (if available): Some sellers offer a Buy It Now price — click this to instantly purchase the vehicle and end the auction early.
Highest bidder wins: If you have the top bid when the auction ends (and the seller accepts it), you win the vehicle.
Outbid? If another buyer places a higher bid, you’ll be notified — giving you a chance to increase your offer before the auction ends.
🛎️ Tip: Add listings to your Watchlist to track auctions you’re interested in, and get notified when bidding activity changes.
Key Steps:
- When a listing is added to the platform, you can then submit your bid within the vehicle details screen on the platform.
- At the end of auction, if your bid is the highest, it will be presented to the seller for approval.
- If the seller declines your bid, the vehicle will not be sold.
- If the seller accepts your bid, you will receive a prompt notification with instructions on how to arrange payment and pickup.
2. Bid Approval Process
All bids are subject to a "bid to be approved" process. Here’s what happens next:
- If yours is the winning bid, the Listing will be displayed within your WON Listings.
- Your bid will be submitted to the seller for approval.
- Sellers have 24 hours to approve your bid.
- If your bid is approved, you will receive a confirmation email with instructions to arrange the pickup and payment.
3. Buyer Fees and Discounts
Buyer fees will be applied to your purchases, and will be paid when the auction has concluded and the Seller has accepted your offer.
- Fees are processed through Stripe.
- Stripe allows you to use various payment methods, including credit and debit cards.
4. Pickup and Payment
After winning a bid:
- Buyers will see their auction wins in the Won Listings section.
- It’s crucial to arrange pickup and payment for the vehicle within 24 hours or as otherwise agreed upon with the seller.
- If you do not arrange pickup within the required timeframe, you may forfeit your QuickAuction leads and privileges.
5. Dashboard and Account Management
With an active buyer account, you will have access to a buyer dashboard where you can:
- View open listings and vehicles you’ve placed bids on.
- Keep track of your bids and vehicle details conveniently in one place.
This dashboard helps you stay organized and up-to-date with your bidding activity.
6. If You Don't Win the Bid
If you do not win the highest bid:
- The Listing will be displayed in your Lost Listings, and will display the winning bid.
- This information can be helpful for determining the right bid for future auctions.
Important Notes:
- Failure to Pick Up: If you fail to retrieve and pay for a vehicle within the specified 24-hour period (or as agreed upon with the seller), you may forfeit your QuickAuction leads and Copart privileges.
We hope this guide helps you understand the QuickAuction process and how to make the most of your experience on our platform. Should you have any questions, feel free to reach out to our support team.
Happy bidding!