Is the security deposit refundable?

Categories: Published On: September 19th, 2021

Yes, the security deposit is 100% refundable; Only if the customer has no active bids, purchased no vehicles, and has no outstanding fees.

If a “bid” has been placed or a buyer has purchased a vehicle, the security deposit is held until the transaction is complete and the vehicle leaves the auction yard.

The refund will be issued in the original form of payment.

Share This FAQ!

Related articles