Glossary of Terms

Additional Information  
The Additional Information area is a place where important information about the vehicle lot is displayed for the Member's consideration when bidding.  
 
Body Style  
Body Style is the manufacturer's designation of the vehicle's configuration.  
 
BID4U  
BID4U represents the highest bidder during both the preliminary bidding process and the virtual auction. Simply enter the maximum price you are willing to pay for the vehicle lot during preliminary bidding and BID4U will bid on your behalf up to your maximum bid during the online 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 bidding doesn't meet or exceed your maximum bid.  
 
Buying Power (Amount)
Depending on the membership level, you have a different buying power as a Copart member. As a Basic member, you can bid up to €5,000, while as a Premium member you can bid up to €300,000. If you wish to have a higher buying power as a premium member, you can contact our service team.
 
Buying Power Vehicle count
The buying power vehicle count tells how many vehicles you can buy per auction. Depending on the membership level, this is 1 vehicle/auction for Basic members or up to 30 vehicles/auction for Premium members.
Please note that the buying power vehicle count (bid limit) is not automatically reset after each auction, but only after you have paid in full for the purchased vehicle. After that you can bid again on your desired vehicles.
 
Colour  
Colour listed on this site is the common colour name that reasonably represents the exterior colour of the vehicle. Colour is NOT the manufacturer's designated colour name, but rather simply a general descriptive name.  
 
Current Bid  
The Current Bid is the highest price offered for this vehicle lot at this time. There may be a higher maximum bid being represented by VB2 BID4U. The Current Bid is always listed in Euro €.
 
Current Sale Highlights  
These are comments entered by Copart 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 vehicle lot.   
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 vehicle 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 time of sale.  
 
Yard
Yard designates the Copart location that is processing the sale of the vehicle(s). For a complete list of Copart yards, please check out the Locations tab on the navigation.
 
Fuel  
Designates the fuel type used by the engine as designated by the VIN.  
 
Image  
Copart takes ten (10) digital images of each vehicle processed for sale. Images are stored in jpeg format. The pictures may not be copied and used for other purposes.
 
Item  
Item numbers represent the order in which the vehicle lots will be sold during the online auction. Online auctions with a large number of items are broken down into lanes.

 
RUN and DRIVE

At the time the vehicle arrived at Copart’s location, Copart verified that the vehicle (i) started, (ii) could be put into gear, and (iii) was capable of moving forward under ist own power. There is no guarantee, representation, or warranty that the vehicle is in roadworthy condition or can be driven lawfully upon the highways of any state. There is no guarantee, representation, or warranty that the vehicle will (i) start, (ii) drive, or (iii) move forward under ist own power at the time the vehicle is picked up at Copart’s location. It is the Member’s sole responsibiliy to ascertain, confirm, research, inspect, and/or investigate the vehicle prior to bidding on it. Once the vehicle is removed from Copart’s premises, the Member accepts the vehicle „as is“.

Engine Start Program

At the time the vehicle arrived at Copart’s facility, Copart verified that the vehicle (i) started, and (ii) ran at idle. There is no guarantee, representation, or warranty that the vehicle will (i) start or (ii) run at idle at the time the vehicle is picked up at Copart’s facility. It is the Member’s sole responsibiliy to ascertain, confirm, research, inspect, and/or investigate the vehicle prior to bidding on it. Once the vehicle is removed from Copart’s premises, the Member accepts the vehicle „as is“.

Keys  
Indicates whether Copart has at least one key to the vehicle lot.
 
Lot #  
Lot Number is Copart's unique identifier for each vehicle.  
 
Make  
Make is the manufacturer's brand name.  

Model  
Model is the manufacturer designation of the vehicle lot.  
 
Member Fees  
Copart requires annual member fees for the activation of a member account to participate in the bidding process. You will find further information in the terms and conditions.  
 
Mileage Codes  
Copart expressly disclaims the accuracy of odometer readings. Such information may not be relied upon for bidding purposes or for any other reason.
 
PAV  
PAV stands for the "Pre Accident Value" of the vehicle lot and represents the market value of the vehicle prior to the incident as submitted to Copart by the seller. This value is presented for informational purposes only. Copart makes no representations as to the validity or accuracy of the listed value.  
 
Relist Fee   
If it comes to a back completion of the sales contract, e.g. due to a payment delay of the customer, Copart will offer the vehicle again in a further auction to all members released to the bidding procedure. The defaulting customer has to pay a relist fee. You will find further information in the terms and conditions.
 
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 evaluate 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 Online Auction is conducted for the selected vehicle lot. Please refer to our Calendar feature under the Auctions tab for a complete listing of auction dates.  
 
Sale Time  
Sale Time is the time that the Online Auction begins.  
 
Sales Status  
Sales Status indicates the current status of the lot. Possible values and their meaning are:
No reserve - No minimum bid or reserve price. Lot will be awarded to the highest bidder.
On Reserve - Seller has reserved the right to approve the final high bid achieved during the Online Auction. The seller has five working days (after the end of the bidding process) to confirm the sale. If the bid is accepted by the seller within the set period, the highest bidder is obliged to purchase the vehicle.
Minimum Bid: The seller has set a minimum price for the vehicle. If this reserve price is not exceeded during the live auction, the seller has five working days after the auction ends to accept the bid.
 
Transmission  
Manufacturer's designation of the vehicle's power train.  
 
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.  
 
Year  
Year is the manufacturer's designated model year.