What are the basic rules of the auto auction when bidding ON-SITE in Portland, Oregon & Hillsboro?
(Please click on the Bidding Info tab for rules in online bidding) All new auto auction buyers are required a bidder card that is good for one year. New bidder cost is $20 and good for a year. The renewal fee is $20.
1. There is a 15% buyers fee on all vehicles.
2. There is a $100.00 CASH deposit required on all winning bids up to $999. Anything over $1000 to $2999 needs a $300 deposit and $3000 and above needs a $500 deposit.
3. Every vehicle is “As-Is, Where-Is” there are no warranties. Once you place the bid, the vehicle is yours.
4. Whoever signs in with their ID is who the vehicle’s paperwork will be under. If you want the paperwork to be under a different name, you must have them sign in with their ID and bid with their own number.
5. We are required to scrape all current DEQ tags. If you had current tags, you can go to DMV- pay a minimal fee and get new tags. This way you do not need to go through DEQ.
6. All vehicles must be paid for BEFORE 4:30pm and picked up BEFORE 5:00 pm on auction day, or they will be assessed a fee of $50 per day.
7. You are bidding on the vehicle with the cone on it- If you are bidding on a vehicle without a cone on it, you are bidding on the wrong vehicle and you will lose your deposit.
8. Your auction list will be divided into sections, there will be “Non-Runners” these vehicles DO NOT RUN. On your list will be “Runs and drives.” These vehicles have been driven up and down our lot only. Once you place your bid on the vehicle, it is yours. There are no warranties on these vehicles.
9. Some vehicles have a reserve price that the seller needs to sell the vehicle. If the reserve is not met, we do not sell the vehicle, even if you are the high bidder.
10. You can start paying for your vehicles around 12:15 on auction day depending on what car you bid on, and pick up the keys once the auction is over. Payments must be Cash, Credit or Debit. There are no extra fees for using your credit/debit card.
11. Have Fun!!!!
How much to sell my car at your auction?
You must have a title in your name for us to sell the vehicle, exception is for licensed dealers only. We will sell your car for a $100 seller’s fee upfront. Please call to confirm we have room.
Frequently Asked Questions
Speeds Auto Auction Terms And Conditions
- If you are going to make a higher bid, you can IM the bid to us. When your new bid appears green, you have to click the new green amount to accept the amount. That is when your new bid will become official. Because these auctions go fairly fast, we may not always see your IM with the new bid.
- Each online vehicle has a 17% buyers fee attached.
- Every vehicle sold online has a $20 processing fee.
- You cannot bid without legitimate credit card information.
- We will charge your credit card right when you get the winning bid on your vehicle.
- If your early bids were not caught, we will always confirm if you want to outbid before moving on.
Attention:
When buying a vehicle that show lien or power of attorney, Vehicles must be titled in Oregon. NO other state will accept Oregon possessory lien paperwork. The State of Washington will not take Oregon’s Power of Attorney paper.