Glossary of Common Terms Used at Copart

Category: Finding Vehicles

At-Max Bid

Your private maximum bid. The system bids only what is needed to keep you winning up to that amount.

Buy Now

A fixed price at which you can purchase a vehicle immediately instead of waiting for the auction.

Clean Title

A title without a salvage or total-loss brand, indicating the vehicle has not been declared a total loss by an insurer.

Copart Yard

A Copart storage and auction facility where vehicles are inspected, photographed and stored before sale.

Deposit

A refundable hold placed on your account to unlock higher bidding limits.

Enhanced Vehicle

A vehicle with additional imaging or condition data available to help buyers assess damage.

Lot Number

The unique identifier for a vehicle within a Copart auction.

Night Cap Sale

An evening auction held outside standard business hours.

No License Required

A lot any member may bid on, without a dealer license.

Non-Repairable

A title brand meaning the vehicle may not be rebuilt or returned to road use.

Pre-Bid

A bid placed before the live auction begins.

Rebuilt Title

A previously salvaged vehicle that was repaired and passed a state re-inspection.

Reserve

A minimum price set by the seller. If bidding does not reach it, the vehicle may not sell.

Run & Drive

A condition code indicating the vehicle was observed starting and moving under its own power at the yard.

Salvage Title

A title issued when an insurer declares a vehicle a total loss, often due to collision, flood or fire.

VIN

Vehicle Identification Number — a 17-character code unique to each vehicle.

Wheel-Lift Tow

A tow method where two wheels are lifted; not suitable for all-wheel-drive vehicles.

Flatbed Tow

Transporting a vehicle fully secured on a flat platform; the safest option for non-running vehicles.

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