US auction glossary

Understand the lot before you place a bid

Plain-language explanations of Copart and IAA terms covering documents, condition, sale type, damage and estimated values.

Definitions are based on official sources; practical guidance is added by AutoStat.

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52terms
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Found 52 terms

01 Clean Title An ownership document without a major brand such as salvage, junk or flood.

What this means in practice

It does not prove the vehicle was never damaged and does not show its full history.

What to check

Compare the current title with NMVTIS history, photos and a physical inspection.

02 Salvage Title A brand generally assigned after a total-loss decision or damage above a jurisdiction threshold.

What this means in practice

Repair, registration and insurance may require special procedures.

What to check

Check the issuing state, brand cause, export eligibility and Moldovan registration rules.

03 Rebuilt / Reconstructed Title A title issued after a salvage-history vehicle was repaired and passed the state process.

What this means in practice

A rebuilt brand does not erase salvage history or guarantee repair quality.

What to check

Request repair documents, pre-repair photos and an independent structural inspection.

04 Junk Title A status associated with a vehicle no longer intended for road use and valued mainly for parts or scrap.

What this means in practice

It is generally much more restrictive than a salvage title.

What to check

Before bidding, confirm in writing whether export or any future registration is permitted.

05 Non-Repairable A document or brand that may prohibit returning the vehicle to public roads.

What this means in practice

Its exact name and effect vary by state.

What to check

Check the original document and whether destination authorities will accept it.

06 Certificate of Destruction A document that in many jurisdictions designates the vehicle for dismantling or destruction rather than road reuse.

What this means in practice

It should not be treated like an ordinary salvage title.

What to check

Confirm export eligibility and whether road documents can ever be issued.

07 Flood Brand A brand applied when a jurisdiction reports water or flood exposure.

What this means in practice

Water can cause electrical failures and corrosion long after repairs.

What to check

Check water level and type, electronic modules, airbags and evidence below carpets.

08 Lemon / Buyback Brand A brand that may indicate a manufacturer buyback after repeated or unresolved defects under state law.

What this means in practice

It does not necessarily mean crash damage, but it is a significant history signal.

What to check

Request the buyback reason, repair records and proof the defect was resolved.

09 Parts Only A designation that the vehicle or document is intended for parts rather than road use.

What this means in practice

Export eligibility does not automatically mean registration eligibility.

What to check

Confirm the document’s legal use before payment.

10 Export Only A condition that may limit the vehicle to export outside the selling jurisdiction.

What this means in practice

The document received may differ from a standard certificate of title.

What to check

Verify the exact papers, customs requirements and Moldovan acceptance.

11 Title Pending Copart is still obtaining the ownership document from the seller or state authority.

What this means in practice

Release and export can be delayed until the document arrives.

What to check

Do not schedule transport without confirming document availability and timing.

12 Total Loss An economic or legal determination that an insurer or jurisdiction considers the vehicle a total loss.

What this means in practice

It does not by itself describe damage type or location and can apply even if the car starts.

What to check

Check the reason, repair estimate, later brands and pre-repair photos.

13 Run & Drive At inventory, the vehicle started, engaged gear and moved forward.

What this means in practice

It is not a guarantee that it will start at sale, is roadworthy or is safe.

What to check

Request current video and diagnostics, and budget for loading if it no longer runs.

14 Starts / Engine Start An IAA code showing the engine started during inventory evaluation without stating the vehicle moved.

What this means in practice

An engine start does not confirm transmission, cooling, brakes or mobility.

What to check

Request current confirmation and assume special loading may be needed.

15 Stationary An IAA code for a vehicle not classified as Starts or Run & Drive at inventory.

What this means in practice

Treat it as immobile unless current evidence proves otherwise.

What to check

Budget for winch or forklift loading, special transport and full diagnostics.

16 Enhanced Vehicle A Copart designation allowing certain presentation or preparation services without confirming they were completed.

What this means in practice

It does not mean repaired and does not improve mechanical status.

What to check

Judge the vehicle by photos and inspection, not by the word Enhanced.

17 Keys Available The auction indicates that at least one key is held with the lot.

What this means in practice

It does not confirm completeness, correct programming or that the vehicle starts.

What to check

Check the key photo and replacement/programming cost for that model.

18 Keys Missing The auction does not hold a key for the vehicle at listing time.

What this means in practice

Diagnosis and movement may be harder, and some models require costly programming.

What to check

Budget for a key, programming, unlocking and non-running loading.

19 Odometer: Actual The reading is represented as the known actual mileage.

What this means in practice

It describes reading reliability rather than a complete history verification.

What to check

Compare it with chronological records, electronic modules and physical wear.

20 Odometer: Not Actual There is reason to believe the displayed reading is not the vehicle’s actual mileage.

What this means in practice

It may indicate odometer replacement, tampering or a documentation discrepancy.

What to check

Do not price from this number; reconstruct mileage from available history.

21 Odometer: Exempt Applicable law does not require odometer certification for this transaction or category.

What this means in practice

Exempt means the reading is not certified, not that it is necessarily true or false.

What to check

Check mileage history and the issuing state’s rules.

22 Offsite Vehicle A vehicle stored somewhere other than the usual Copart yard.

What this means in practice

Inspection, release and loading arrangements may differ.

What to check

Confirm the exact address, contact, release window and loading equipment.

23 Pure Sale A Copart sale with no minimum bid or reserve; the highest bidder wins at auction close.

What this means in practice

No later seller approval is required.

What to check

Set a total ceiling including fees and transport before bidding.

24 On Approval The seller may accept, reject or counter the final bid during the auction approval window.

What this means in practice

The high bidder remains obligated if the seller accepts on time.

What to check

Understand the approval window and bid obligation before buying another lot.

25 Minimum Bid The seller has set a minimum threshold for automatic sale confirmation.

What this means in practice

A bid below it may remain subject to approval or negotiation.

What to check

Check final status; being high bidder does not always mean the sale is complete.

26 Reserve Price A confidential or stated minimum price the seller wants to receive.

What this means in practice

If unmet, the seller may review, reject or counter the result.

What to check

Do not confuse the current bid with a guaranteed sale price.

27 Buy It Now An option to purchase immediately at the displayed price when licensing and lot conditions allow.

What this means in practice

The displayed price does not automatically include all fees, transport or documents.

What to check

Verify total cost and eligibility before confirming.

28 Pre-Bid A bid placed before the live auction begins.

What this means in practice

It may become the opening bid and may win if not exceeded, depending on sale type.

What to check

Set a total limit rather than reacting only to the current bid.

29 Live Bid A bid submitted in real time during the online auction.

What this means in practice

Fast pacing can cause overspending, and some bids cannot be withdrawn.

What to check

Set your maximum and total landed cost before joining.

30 BID4U Copart’s system bids automatically by the needed increment up to the user’s maximum.

What this means in practice

Your maximum is not necessarily shown immediately but can be used if competition rises.

What to check

Enter it only after calculating fees and total budget.

31 Maximum Bid The maximum amount you authorize the system to bid or are willing to offer for the lot.

What this means in practice

It is not the complete final purchase cost.

What to check

Subtract fees, transport, documents and repairs before setting it.

32 Current Bid The highest visible bid at the time the lot is viewed.

What this means in practice

It can change quickly and does not show final price, reserve or all fees.

What to check

Treat it as a temporary status, not an estimate of total cost.

33 Primary Damage One of the known or reported damage codes on the lot page.

What this means in practice

At Copart, primary does not guarantee it is the only or most severe damage.

What to check

Review Secondary Damage, every photo and an independent inspection.

34 Secondary Damage The second known or reported damage code for the lot.

What this means in practice

It may be as important as the primary damage and should not be ignored.

What to check

Cost it separately and inspect hidden areas.

35 Front End Damage Reported damage to the vehicle’s front area.

What this means in practice

It may involve structure, cooling, airbags, sensors and driver-assistance systems.

What to check

Check rails, radiators, airbags, geometry and sensor calibration.

36 Rear End Damage Reported damage to the rear area.

What this means in practice

It may affect the trunk floor, rails, suspension, exhaust and some hybrid or EV batteries.

What to check

Check geometry, sealing and components below the floor.

37 Side Damage Reported damage to one side of the vehicle.

What this means in practice

It may involve sills, pillars, doors, curtain airbags and body geometry.

What to check

Request square-on photos and structural measurements, not just a door check.

38 Undercarriage Damage Reported damage beneath the vehicle.

What this means in practice

Normal listing photos may hide suspension, oil pan, battery or floor damage.

What to check

Request lift photos and check leaks, geometry and the traction battery.

39 Mechanical Damage A broad code for a known or reported mechanical problem.

What this means in practice

It does not identify the component, cause or cost and may coexist with other damage.

What to check

Get diagnostics and current video, and budget for a severe scenario.

40 Water / Flood Damage A code indicating known or reported water exposure, from wet floorboards to full submersion.

What this means in practice

Depth, duration and water type radically change risk, and failures can appear later.

What to check

Check connectors, modules, fluids, airbags, corrosion and event origin.

41 Burn / Fire Damage Damage caused by fire or high heat, sometimes localized to the engine bay or interior.

What this means in practice

Heat, smoke and extinguishing agents can affect areas that look unburned.

What to check

Check wiring, structure, interior, fluids and the fire origin.

42 Hail Damage Reported hail damage, usually multiple panel dents and sometimes broken glass.

What this means in practice

Cosmetic appearance can hide high roof, hood and aluminium repair costs.

What to check

Count affected panels, inspect glass and price PDR or replacement.

43 Vandalism Reported intentional damage that may include paint, glass, interior, wiring or missing parts.

What this means in practice

The code does not automatically show its extent.

What to check

Review every photo, parts inventory and electrical systems.

44 Biohazardous / Chemical A designation of reported biological or chemical contamination.

What this means in practice

It may create health risks and require specialist cleaning or interior replacement.

What to check

Do not inspect without protection; identify the contaminant and professional remediation cost.

45 Frame Damage Reported There is a report of frame or structural damage.

What this means in practice

Geometry and repair quality affect safety, tyre wear and resale value.

What to check

Require frame-bench measurements, underbody photos and structural evaluation.

46 All Over Damage Damage reported across multiple vehicle areas rather than one location.

What this means in practice

It can combine impacts, hail, vandalism or other widespread issues.

What to check

Assess every panel and system separately; overview photos are not enough.

47 Rollover The vehicle was reported as having rolled over.

What this means in practice

It may combine roof, pillar, airbag, suspension and fluid-related engine damage.

What to check

Inspect the full structure, geometry, engine and all safety systems.

48 Unknown Damage The cause or location of damage is not clearly identified by the lot code.

What this means in practice

It must not be interpreted as no damage.

What to check

Treat it as unknown risk until inspection, additional photos and diagnostics.

49 ACV / Actual Cash Value A stated or estimated reference value for the vehicle before the loss, depending on listing source.

What this means in practice

It is not a purchase offer and does not guarantee Moldovan market value.

What to check

Compare year, trim, mileage and the local market before calculating viability.

50 Pre-Accident Value A seller- or third-party estimate for a similar vehicle before the accident.

What this means in practice

The auction does not guarantee its accuracy and it may reflect a different market.

What to check

Use independent comparables and do not calculate profit from this number alone.

51 Estimated Retail Value An estimated retail value, not a confirmed price for the lot in its current condition.

What this means in practice

It may omit market, trim, mileage and title-status differences.

What to check

Compare real listings for the same specification and deduct all risks.

52 Estimated Repair Cost An indicative repair estimate sometimes supplied in the listing or insurer file.

What this means in practice

It may use US labour and parts pricing and omit hidden damage or Moldovan costs.

What to check

Build your own estimate for parts, labour, airbags, calibration and contingency.

01

AutoStat note

Keep documents and condition separate

Run & Drive does not mean roadworthy, and the current title does not automatically show the full history. Document rules vary by state and destination country.

AutoStat is independent of Copart and IAA. Platform names and trademarks belong to their owners.

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