Manheim National Offer Policy

During an auctioneer led sale, the auctioneer may designate the highest bid presented, which was not finally accepted by the auctioneer or the seller during the sale, as an offer, also known as an “if” bid, by indicating as such during the sale. When this occurs, the buyer will be bound to that offer until the close of business on the day of sale* of the facilitating auction** unless: (1) the buyer receives a counteroffer; or (2) Manheim, in its sole discretion, cancels the offer prior to that time, which it reserves the right to do.

If either party accepts the other party’s offer after the Binding Period has expired (for example, on the following business day), the offer recipient is not bound by the prior offer and retains the right to either accept or decline the transaction.

 

Manheim also reserves the right to modify this policy to accommodate holiday schedules, special events, and unique sale start times. Any modifications from this policy will be visible  on individual auction location pages.