The security deposit should be 10% of the amount that you are planning to bid (or buy now). The minimum deposit is $400 (this allows you to bid up to $4,000). If you would like to bid on more than one vehicle at a time, an additional $400 is required per vehicle.
Use the security deposit calculator to determine how much you should deposit.
If you are looking to purchase 1 vehicle, you will need to have at least $400 security deposit. This lets you bid up to $4,000. If you would like to bid higher, you will need at least 10%. If you are looking to bid $10,000 you will need at least $1,000 security deposit. If you would like to purchase two vehicles, you will need to have at least $800 security deposit. If the two vehicles are worth $10,000 each ($20,000 total), then you will need to have at least $2,000 security deposit.