Guides to buying, maintaining, and selling cars in Australia

Home › Auction Action › How the Deposit Works After You Win an Auction
Auction Action

How the Deposit Works After You Win an Auction

depositauction-processfirst-time

Why There's a Deposit

The deposit secures the car after you win and shows you're committed before delivery is arranged. It's standard practice.

How Much Is It?

Typically 10-30% of the purchase price, depending on the vehicle and the auction's policies. Your Sales Agent will confirm the exact amount after you win.

It's Not an Extra Fee

The key thing to understand: the deposit is applied directly to your purchase price. It reduces what you owe, rather than being added on top.

Timing

The deposit is collected shortly after winning, before delivery is scheduled. Make sure the funds are ready before you bid, so there are no delays.

depositauction-processfirst-time
Share Bookmark
1 Comment
Olivia W.
Olivia W.
@oil_change_olivia · US
9 January 2025
Knowing the deposit just goes toward the price made the whole thing feel much less intimidating.
Reply Like
Leave a Comment
Amy F.
Amy F.
@car_shopper_amy · US

Amy F. is a contributor to Shiftterz. Based in US.