How To Buy at an Auction
If you’re new to Repocast.com or just need a quick refresher, bidding on one of our online auctions is simple and convenient. Whether you’re after a repossessed vehicle, heavy equipment, boats, or surplus items, we’ve made the process straightforward so you can bid confidently from anywhere. Here’s everything you need to know to get started.
Step 1: Create or Log Into Your Account
To place a bid, first head over to bid.repocast.com.
- Click on the “Login” link in the upper right-hand corner.
- Don’t have an account yet? Click “Register” and follow the prompts to create one.
Step 2: Enter the Auction & Place Your Bid
- Once logged in, browse or search for the auction containing the item you want.
- Click on the item to go to its product page.
- On the right-hand side, you’ll see a blue box labeled “Place Bid.” Enter your bid amount and click the button. That’s it—you’ve just placed a bid!
Understanding Bid Increments
Every auction has a bid increment, which is the minimum amount a bid must increase to be accepted.
For example:
If the current bid is $20 and the increment is $5, the next acceptable bid is $25.
If you enter more than the minimum increment, your bid will be treated as a maximum bid (more on that below).
What Is a Maximum Bid?
A maximum bid lets you enter the highest amount you’re willing to pay.
Here’s how it works:
- You enter your max bid, say $100.
- If the current bid is $50, your bid will be placed at the next increment (e.g., $55).
- You’ll remain the highest bidder unless someone else bids above your maximum.
This helps automate your bidding, so you don’t have to watch the auction minute-by-minute.
Take Advantage of Pre-Bidding
Pre-bidding is a great tool if you can’t be online when the auction goes live.
- You can place a maximum bid before the auction starts.
- The system will bid on your behalf until your max bid is reached.
- If your bid stays the highest, your name will appear as the leading bidder once the auction begins.
All Miedema Companies, including Repocast.com, offer this helpful feature.
Dynamic Bidding: Last-Minute Protection
Worried about someone swooping in with a last-second bid? Dynamic bidding has your back.
Here’s how it works:
- If a bid is placed within the final 10 minutes of the auction, the closing time extends by another 10 minutes.
- This continues until there are 10 full minutes of inactivity.
- Example: An auction scheduled to end at 8:00 PM gets a bid at 7:50 PM → it extends to 8:10 PM. A new bid at 8:01 PM → now it ends at 8:20 PM.
This ensures a fair chance for all bidders and reduces the risk of last-second losses.
A Few Final Notes:
- All bids are final and cannot be retracted. When you bid, you’re entering a legally binding agreement.
- If you change your mind, you can freeze your bid, which may help you avoid winning the item—but there’s no guarantee.
- Auction times are approximate and may change at the company’s discretion. Always bid early to avoid missing out.
Now that you know the ins and outs of bidding on Repocast.com, you’re ready to jump in! Browse current auctions, set your max bids, and score great deals—all from the comfort of your home.
Visit our calendar to view our upcoming auction list!