What Do Copart Terms Mean?

BID4U
Represents the highest bidder during both the preliminary bidding process (before the auction) and the virtual auction. Simply enter the maximum price you are willing to pay for the Lot during preliminary bidding and BID4U will bid on your behalf up to your maximum bid during the virtual auction. BID4U will only bid one increment over the current bid to maintain your position as the highest bidder. This allows you to purchase a vehicle below your maximum bid if the bidding doesn’t meet or exceed your maximum bid.

Current Bid

The highest price offered for this Lot at this time. There may be a higher maximum bid being represented by VB3 BID4U. The Current Bid is always listed in GBP.

Current Sale Highlights

These are comments entered by the Copart General Manager pertaining to the listed sale, which highlight items of note or relay other pertinent information.

Damage Codes

Damage Codes are used to indicate known damage to the Lot. Please see below:

Damage NameDescription
ALL OVERDamage to more than one area of the vehicle – e.g. rear end/side/front.
BIOHAZARDOUS/CHEMICALChemical contamination of any area of the vehicle.
BURN – ENGINEFire related damage including wiring damage due to defects/short circuits.
BURN – INTERIORFire related damage to any part of the interior/luggage bay, including wiring damage due to defects/short circuits.
BURNExtensive fire damage to most/all of the vehicle.
CHIPPED STONEStone chips on any parts of the vehicle.
FRAME DAMAGE REPORTEDFrame or chassis damage – used only for motorbikes and trailers.
FRONT ENDDamage to the front of the vehicle (from the ‘A’ Post forward).
HAILDamage to any vehicle body panels from hailstones.
MECHANICALDamage to the engine and the gearbox to include:   knocking/noisy engine; smoky engine; gears not engaging; oil leaks; cracks/holes in engine or gearbox, including sump. In the comment box of the Copart collection sheet, the relevant BUYN notes are to be added.
MINOR DENTS/SCRATCHESMinor dents to any panels of the vehicle not bigger than 30 mm. Multiple scratches on any panels of the vehicle.
NORMAL WEARNo visible evidence of significant accidental damage. Normal wear and tear related aspects of condition only.
PARTIAL/INCOMPLETE REPAIRVisible evidence of poor or incomplete repairs to vehicle body, chassis or paintwork.
PREVIOUS REPAIRAny obvious repairs completed to the vehicle body or paintwork.
REJECT REPAIRVisible evidence of previous poor quality repairs to any parts of the vehicle.
ROLLOVERAll panels including roof damage that clearly shows signs of being
rolled and/or flipped. Includes possible engine oil spillage.
REAR ENDDamage to the rear end of the vehicle including the rear quarter panels and boot floor. (If the boot floor is damaged, always image).
SIDEDamage to either side of the vehicle, including front wings and rear quarters. If both sides are damaged, this is classed as ‘side’. Can include also the wheels and tyres.
STRIPPEDAny parts removed or missing from the vehicle.
TOP/ROOFVisible damage to the roof, door and/or tailgate tops.
UNDERCARRIAGEVisible damage to any part of the underside, including the body and any ancillary fittings. Includes suspension, exhaust, fuel tank etc.
MISSING/ALTERED VINVIN number missing from the vehicle or if the VIN has been altered or restamped on the vehicle.
VANDALISMWhere damage is overall and relatively light in nature (i.e. broken glass, contaminated paintwork and slashed upholstery). Includes apparent theft-related damage to door handles, locks, steering lock/cowls and ignition wiring.
REPLACED VINUse ‘missing/altered VIN’ (see damage code VI above).
WATER/FLOODWater damage to the vehicle interior – or mechanical defects to the engine/transmission – due to water ingestion. Use in conjunction with the ‘Flood Line Marker’ process.

These codes indicate known or reported damage only and are limited by their nature. Copart expressly disclaims the accuracy of Damage Codes, as information may not accurately reflect the type or extent of damage to any vehicle. Damage Codes may not be used or relied upon for bidding purposes or for any other reason. Copart strongly recommends that members thoroughly inspect Lots before purchase.

Drive

Manufacturer’s designation of the vehicle’s power train.

Engine

Engine is the motor specification denoted by the VIN of the vehicle. Members are encouraged to inspect vehicles thoroughly before bidding to verify whether original equipment is present at the time of sale.

Operation Centres

Operation Centre designates the Copart location that is processing the sale of the item(s). For a complete list of Copart Operation Centres, please look at our Locations page.

Item

Item numbers represent the order in which the Lots will be sold during the Virtual Sale portion of VB3. Sales with a large number of items are broken down into lanes.

Lots are assigned item numbers and lanes based on the Lot type and condition. The following list shows the item number and lane assignments.

Lot#

Lot Number is Copart’s unique identifier for each vehicle.

Monster Bid

A Monster Bid is a bid of one or more increments over the current bid amount. During virtual auctions, Members may bypass the standard incremental successive bid amount and instead place a Monster Bid of their desired bid amount.

Mileage/Odometer

Copart expressly disclaims the accuracy of odometer readings. Such information may not be relied upon for bidding purposes or for any other reason.

Est Retail Value (ERV)

ERV stands for estimated retail value and is provided to Copart by the Seller of particular vehicles. In calculating the ERV, the Seller is estimating the likely value of the vehicle immediately before it was damaged. For Category U vehicles the ERV will be an estimate of the likely retail value of that vehicle. The Seller is providing you with the ERV for your guidance only; it is not verified as being accurate and is an estimate only. Copart is making the Seller’s ERV available to you for you to consider and validate as you deem appropriate but makes no representations as to the validity or accuracy of the ERV and accepts no responsibility for any loss that you suffer from relying on it.

Repair Cost

Repair Cost is the estimated cost to repair the vehicle as submitted to Copart by the seller of the vehicle. The Repair Cost listed here may vary greatly from the actual cost to repair this vehicle. The availability and use of recycled parts, varying labour rates, paint times, etc. greatly affect the cost to repair any vehicle. Copart recommends that each Member evaluates the damage to determine the extent of the repairs necessary. This number is presented for informational purposes only. Copart makes no representations as to the validity or accuracy of the listed value.

Sale Date

Sale Date is the date that the Virtual Auction is conducted for the selected lot or Operation Centre. Each Operation Centre conducts sales on a regularly scheduled basis. Please refer to our Auction Calendar for a listing of sale dates.

Sales Status

Sales Status indicates the current status of the Lot. Possible values and their meaning are:

Pure Sale – No minimum bid or reserve price. Lot will be awarded to the highest bidder at the close of bidding during the Virtual Auction.

On Approval – Seller has reserved the right to approve the final high bid achieved during the Virtual Auction. The Seller has until 5pm, two business days after the sale (excluding the day of sale) to approve the bid. The high bidder is obligated to purchase the vehicle if released by the Seller within the approval period. You may still win the vehicle if the Seller rejects your counterbid.

Minimum Bid – Seller has placed a reserve price on the Lot. If the minimum bid is not surpassed during the Virtual Auction, Seller has until 5:00 pm two business days after the sale to accept the bid.

VAT

Indicates whether Value Added Tax (VAT) is in addition to the sale price.

VIN

A VIN is the Vehicle Identification Number assigned by the manufacturer.

High Volume and Low Volume Member

The number of vehicles purchased by a member within the previous calendar year will determine whether a member is deemed to be a high-volume buyer or a low volume buyer.

High Volume Member – High volume members are those who purchase twelve or more vehicles from Copart UK and/or Ireland per calendar year.

Low Volume Member – Low volume members are those who purchase eleven or less vehicles from Copart UK and/or Ireland per calendar year.

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