SP Auto Export Inc. requires a security deposit for Bidding Limit and relisting fees. Before you can bid, you must set your BIDDING LIMIT with a security deposit. A security deposit is 20% of your total BIDDING Limit.
(example $200 security deposit = $1000 Bidding Limit)
Relisting Fees: SP Auto Export Inc. collects a security deposit in advanced to help cover fees that occur when a buyer wins an auction but refuses to pay for the vehicle. Refusing to purchase a vehicle that is won at auction results in the forfeiture of the security deposit.