IAA Offers 3 Ways to Bid & Buy!
Bid
in Person at the LIVE auction
Registered buyers have access to every IAA auction where they meet
state licensing requirements. Most locations conduct auctions either
weekly or bi-weekly. Please refer to our auction calendar for
auction times. A listing of all IAA branch locations is available
here.
Pre-bidding
Pre-bidding allows registered buyers to preview vehicles and place
bids in advance of the LIVE physical auction. These bids are then
represented by proxy at the live auction event.
Live Auction Internet Bidding
Live Auction Internet bidding is available at IAA through I-bid
LIVE. I-bid LIVE enables registered buyers to join a LIVE auction
through any Internet connection and bid in real time along with the
LIVE local bidders.
Frequently Asked Questions
Q. What are the qualifications required to
open an AFC Floorplan Line of Credit?
A. AFC's primary business is floorplanning independent dealers. We strive to approve credit for as many applicants as possible. There may be other factors involved related to the dealer 's business that come into consideration in the credit application.
Credit lines up to $250k US:
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Licensed dealer in good standing.
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Company checking account.
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Driver 's license or any government issued photo identification card.
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Proof of full coverage insurance.
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All references and credit checks personally and business check out.
Credit lines over $250k US we also require:
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Last two years tax returns on business and owner(s) on the application.
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Current income statement and balance sheet.
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Prior end of year income statement and balance sheet for business.
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Current personal financial statement.
Q. Can I make payments on my AFC
floorplanned vehicles online?
A. Yes!
Paying on line is as easy as 1-2-3-click using our exclusive online
tool - Xpress Pay. The enrollment process is effective immediately
and this is a free service. AFC Dealers can safely and securely make
payments as well as view payment history from their personal
computer anytime via the Xpress Pay service. Use Xpress Pay with
confidence! AFC has made securing your data and communication a top
priority. HTTPS is used to ensure a secured connection between your
computer and AFC, and a digital certificate provided by Equifax
assures that your data is shielded while in transit.
Q. Where can I use my line of credit?
A. You may use your line of credit at over 700 auctions, as well as for dealer-to-dealer transactions, customer trade-ins, online auction purchases, new car dealerships, daily rental companies, and other approved sources.
Q. How do I apply to become an AFC dealer?
A. You may apply online anytime by clicking here. You may also apply in person at any AFC branch or service auction. Additionally, you may call one of our AFC branch locations to request an application. We look forward to working with you!
