Public Repo Auction 101
Your complete guide to confidently bidding at your first public repo auction at OKI Auto Auction.
💡 Pro Tip: Complete registration early and arrive with your research ready. Auctions move fast!
Planning for a Successful Auction Day
Preparation is key to bidding with confidence. Here’s what you should do before auction day.
Do Your Research
- • Check the Run List on Thursday
- • Research Blue Book values (low & high)
- • Run vehicle history reports
- • Note the light color on vehicles of interest
Prepare Documents
- • Valid government-issued photo ID
- • Print & sign the Registration Agreement
- • Bring cash for the $500 deposit
- • Complete registration early if possible
Set Your Budget
- • Decide your maximum bid before the auction
- • Factor in buyer’s fee + taxes
- • No financing available — cash or cashier’s check only
- • Stick to your budget
Auction Day
Here’s what to expect and how to make the most of your first auction.
Get Registered
- • Arrive early — registration opens 2 hours before the sale
- • Bring valid government-issued photo ID
- • Pay $500 cash deposit per bid badge
- • One guest allowed per registered bidder
Inspect Vehicles
- • Inspect vehicles before the auction starts
- • Visual inspection only — no test drives
- • Check for damage, tires, and interior condition
- • Note the light color on each vehicle
Bid Smart
- • Only the registered bidder can bid
- • Stick to your pre-set budget
- • Watch the auctioneer and bid clearly
- • Pay attention to the light color before bidding
Payment & Vehicle Pickup
Payment
- • Cash or cashier’s check only
- • Must be paid by Tuesday (Friday purchases)
- • $100 late fee applies after deadline
Title
- • Seller has up to 28 days to provide title
- • Blue Light = Title not available at sale
Pickup
- • Remove vehicle within 10 days
- • $10 per day storage fee after 10 days
Light System
Every vehicle sold at OKI Auto Auction is assigned a light designation. Understanding these is essential for new bidders.
Guaranteed by the seller not to have any single mechanical defect (excluding radios) costing more than $500 to repair at wholesale repair cost.
Seller guarantees nothing, except the vehicle cannot be frame damaged or flood damaged and has proper emissions devices and air bags.
- • Vehicle is announced “As-Is”
- • Sold for less than $1,000
- • Push or tow through units
- • Taxis, government, or municipal vehicles
Seller guarantees the vehicle has good head gaskets and a sound driveline, including lower Engine Block, Rods, Crank, Transmission, Transaxle, and Rear End. Clutch, CV Joints, and Hub Bearings cannot be arbitrated.
Assignable title is not available at the time of sale. Seller must announce “Title Attached” and deliver the title within 28 days.
Vehicle is sold with pre-announced declarations or known defects. These announced issues are not subject to arbitration. This light can be used in combination with any other light.