2023 Lexus IS 500 F Sport Performance Premium

Each auction has a scheduled end time. When the timer reaches zero, the auction ends. The highest verified bidder at that moment is the winning buyer.

• Minimum increment: $100 above the current high bid
• Proxy bidding: Enter your maximum bid — the system can increase your bid in $100 steps up to that amount
• Auction timer: When the countdown ends, bidding closes automatically
• No buyer / no winning bid: If the lot does not receive a qualified buyer, it may be relisted in a new auction round
• One account per person: Shared or duplicate accounts are not permitted

You must be signed in and verified before your bid counts. Guest users can watch live activity but cannot bid.

Buy Now ends the auction immediately at the listed price — no waiting for the round timer. It is available on most lots when the seller/lender has set a fixed purchase price above the current bid.

Bidding lets you compete during the live round. You may win below the Buy Now price if competition stays low. Buy Now guarantees the vehicle at the stated price the moment you confirm — useful if you do not want to risk losing the lot.

Both options require a verified account and full payment within 48 hours of winning or purchasing.

We require a clear photo of your government-issued ID during registration to keep the platform limited to verified buyers only. Repossessed vehicles are sold on behalf of banks and lenders — they need confidence that the winning bidder is a real, identifiable person or licensed business.

Your ID photo is used to:

• Confirm your legal name matches your account and payment method
• Prevent fraudulent bids, straw buyers, and account sharing
• Protect legitimate buyers from bad-faith bidders who never intend to pay
• Meet lender and compliance requirements for high-value vehicle sales

ID images are encrypted, reviewed by our verification team usually within a few hours, and never shared publicly. Browsing and CARFAX requests do not require ID — only live bidding does.

Yes. Full payment is required before your vehicle is released for shipping or pickup, and before the lender begins title release. Browsing, bidding, and CARFAX requests are free — you only pay if you win.

Repossessed vehicles are sold on behalf of banks and credit unions that hold a security interest in the vehicle. Standard practice for repo auctions requires payment in full before release because:

• The lender must recover the outstanding balance before transferring ownership.
• Title cannot be released until the lien is satisfied — partial payment leaves the vehicle legally encumbered.
• Full settlement protects you: funds are verified, the sale is recorded, and your agent initiates a clean title transfer.

Once payment clears, your agent schedules delivery typically 5–8 business days and tracks your title within the 10–30 business day window listed on each lot.

Shipping begins only after full payment clears. Nationwide open-carrier delivery then typically takes 5–8 business days. Enclosed transport may add 1–2 days. Distance, vehicle size, and your ZIP code affect both price and timing — use the shipping calculator on any lot page for an estimate before you bid.

Repossessed vehicles are sold by lenders who must clear the existing lien before releasing ownership. The physical title is not at the auction site on day one — it is processed after full payment clears. Most buyers receive the title within 10–30 business days of payment. Your agent tracks status and notifies you when it ships. “Title Absent 10–30 days” on each listing reflects this standard repo timeline, not a problem with the vehicle.

If another verified buyer places a higher bid before the round closes, you will see the current price update in real time. You can raise your bid at any time before the timer ends — there is no penalty for being outbid. If the round closes and you are not the high bidder, you owe nothing. Watchlisted lots stay on your dashboard so you can track similar vehicles in upcoming rounds.

Yes. Placing a bid is a binding offer to purchase. If you win when the round closes, you enter a legal purchase agreement and must pay the full sale amount within 48 hours.

Failure to pay may result in:

• Forfeiture of any deposit or buyer fees
• Account suspension and loss of verified status
• Relisting fees charged to your account
• Permanent ban from future auctions

Only bid on vehicles you are prepared to buy. Use the shipping calculator and review the inspection before bidding.