When you place a VIX bid, you are bidding on a vehicle that is being listed by an insurance company or a vehicle finance company. These companies use this auction format when they are still in the process of obtaining paperwork for the vehicle.
Your VIX bid will be submitted into a sealed auction, and if you are the highest bidder you will be notified via email within 3 business days of the auction's end.
Once you are notified that you are the high bidder, you will send payment to AutoBidMaster, which will be due by the end of the next business day. After payment has been received, the seller has up to 45 days to obtain the paperwork and sell the vehicle. If they do obtain the paperwork and proceed with the sale we will notify you via email; if they do not obtain the paperwork within the 45 day period then we will notify you and refund your money.