Increment bidding allows Copart to increase your entered bid by one and only one increment in the event your entered bid is tied by a live virtual bidder. If your bid is the highest bid, then your bid will NOT be incremented. Our increments are based on the following table:
| Bid Range £ | Increment £ |
|---|---|
| 0 – 10 | 1 |
| 10 – 50 | 5 |
| 50 – 100 | 10 |
| 100 – 1,000 | 25 |
| 1,000 – 5,000 | 50 |
| 5,000 – 25,000 | 100 |
| 25,000 – 9,940,000 | 250 |
| 9,940,000 – 9,999,999.99 | 1000 |
Example 1: You checked the increment bid box and bid £ 15,000. Live auction bid is currently at £ 15,000 (a tie with your bid – unfortunately, it happens). Your internet bid is placed next at £ 15,100 (because you checked the increment bid box). The car sells to you at no more than £ 15,100 or to live auction bidder for £ 15,200 or more.