Glossary

Auction Location

Auction Location shows the Copart facility location that is processing the sale of the vehicle. The vehicle is at this location unless specified on the listing. For a complete list of Copart facilities, please check out the Vehicle Locations in the Vehicle Finder tab.

Actual Cash Value

Actual Cash Value "Actual Cash Value" means the estimated retail value of the lot as submitted to Copart by the seller. If the lot has been damaged, this is the value prior to the occurrence of the damage. Retail automobile values may be obtained from Kelley Blue Book (kbb.com) and many other sources on the web. This number is presented for informational purposes only. Copart or GreenSalvage makes no representations as to the validity or accuracy of the listed value.

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 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 bidding doesn't meet or exceed your maximum bid.

Color

Color listed on this site is the common color name that reasonably represents the exterior color of the vehicle. Color is NOT the manufacturer's designated color name, but rather simply a general descriptive name.

Current Bid

The Current Bid is the highest price offered for this lot at this time. There may be a higher maximum bid being represented by VB2 BID4U.

Cylinders

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

Damage Codes

Damage Codes are used to indicate known damage to the lot. Damage codes are listed as Primary Damage (1st) and Secondary Damage (2nd). Both Damage Codes indicate significant information about the lot and any one code should not be interpreted to carry more significance than the other. 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 Buyers 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. Buyers are encouraged to inspect vehicles thoroughly before bidding to verify whether original equipment is present at time of sale.

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.

Item

Item numbers represent the order in which the lots will be sold during the Virtual Sale portion of VB2. Sales with a large number of items are broken down into different lanes.

Keys

Indicates whether Copart is in possession of the keys to the lot.

Lot Number

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

Make

Make is the manufacturer's brand name for a vehicle.

Model

Model is the manufacturer designation of the lot.

Odometer Codes

Odometer codes are shown to reflect the known reliability of the odometer reading.
Actual means that the odometer reading is believed to be the true and actual mileage of the lot.
Exceeds Mechanical Limits means that the true mileage of the lot cannot be expressed because it has exceeded the capacity of the odometer to measure it, in other words it has "rolled over".
Exempt means that by Federal Law, no odometer code is required to be displayed for this lot.
Not Actual means that the odometer reading does not correctly reflect the mileage of the lot or it cannot be ascertained.

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 labor rates, paint times, etc. greatly affect the cost to repair any vehicle. Copart recommends that each bidder evaluate the damage to determine the extent of the repairs necessary. This number is presented for informational purposes only. Copart or GreenSalvage make 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 facility.

Sale Time

Sale Time is the time when the Virtual Auction begins.

Sales Status

Sales Status indicates the current status of the lot. Possible values and their meanings are:
Pure Sale - There is no minimum bid or reserve price. The lot will be awarded to the highest bidder at the close of bidding during the live auction.
On Approval - Seller has reserved the right to approve the final high bid achieved during the live auction. Seller has until 6:00 pm PST two business days after the sale to approve the bid. The high bidder is obligated to purchase the vehicle if released by the Seller within the approval period.
Minimum Bid - Seller has placed a reserve price on the lot. If the minimum bid is not surpassed during the live auction, Seller has until 6:00 pm PST one business day after the sale to accept the bid.

Special Note

The Special Note area is a place where important information about the lot is displayed for the buyer's consideration when bidding.

Time Zone

Time Zone is the time zone in which the Copart facility is located.

Title Type

Title type denotes the ownership documents that will be transferred to the buyer. Each state issues a wide variety of different ownership documents. Each type of document carries with it certain ownership rights and certain restrictions or burdens. Buyers should research the viability of each type of title document for their intended use of the lot prior to bidding. Each state maintains information on their websites for this purpose.

VIN

A VIN is the Vehicle Identification Number assigned by the manufacturer. Last 6 digits of the VIN are not disclosed to prevent fraud. Full VIN number is available to the highest bidder online or to anyone at the time of the vehicle inspection at the auction facility.

Year

Year is the manufacturer's designated model year.

Register today and get Free Membership.
It’s fast and easy.
SIGN UP