For how long can my deposit stay on account with Auto Auction website?

  • 296 Views
  • Last Post 08/26/2015 11:52 AM EST
John M Posted 07/28/2015 06:07 PM EST

The status of your account depends on particular auto auction website's Terms and Conditions. Every company is different and sometimes you can return your deposit asking for refund. In such cases the company may charge some amount for returning. Other company may ask to place a small deposit, but it will be non-refundable as a payment for using its website services. In most cases, your deposit can stay on account with a car auction company as long as you wish, till the time you make the successful purchase.

  • 7
  • 0
  • 0
3 Comments
Order By: Standard | Newest | Votes
Paagrant Posted 08/26/2015 10:45 AM EST

As for my experience, the money can be in your profile till you decide to use it to purchase or ask for refund. Be sure, a car auction company sales representative will help you to find  a car according to your specifications as soon as your account is credited with a deposit.



  • 1
  • 0
  • 0
  • Liked by
  • Raphael
Raphael Posted 08/26/2015 11:46 AM EST

Try to do business with auto auction companies, that provide security to your deposit until you finally make a purchase or request for refund.

  • 1
  • 0
  • 0
  • Liked by
  • Angelina Fars
Jane Posted 08/26/2015 11:52 AM EST

Reliable auto auction companies always keep your money, until you win or purchase a car with them, or refund it on your request. What is more, they also offer different options of how you can deposit your account. In most cases you can use your credit or debit card such as Visa, MasterCard or Discover. You can also do it by bank wire transfer, but it takes more time and cars are usually sold very quickly. Thus, auction company may ask you to place a deposit in advance through Skrill, PayPal or any other fast payment systems. Once you buy a used car on such an auto auction website your deposit will cover a part of your total price.

  • 1
  • 0
  • 0
  • Liked by
  • Angelina Fars
To post your comment you must log on or registrate on exportcarforum.com