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What does the Bid Increment option do?

In the event that two identical high bids are received, Copart's Bid4U system offers an option named Bid Increment. Using the Bid Increment option, you can place your preliminary bid and in the event of a tie, Bid4U will bid one more additional increment over your maximum bid in order to break the tie. If a bidder with a higher maximum bid outbids you, you'll receive an e-mail.

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