ACV Guaranteed Offers
Program Overview
ACV Guarantees in ACV MAX is a new feature that provides a faster, more reliable way to wholesale vehicles on ACV. When appraising vehicles in ACV MAX, see the guaranteed offers and know your wholesale profit faster than ever. No risk, no hassle.
How it Works
APPRAISE IN ACV MAX
Start by appraising a vehicle using ACV MAX. Scan a VIN and answer the condition questions. You will then see the ACV Guaranteed amount based on the condition of the vehicle.
RECEIVE THE GUARANTEED OFFER
If you are interested in selling the vehicle for the Guaranteed Amount, reach out to your ACV MAX account manager to get started.
ACV INSPECTION
We’ll dispatch a professional vehicle inspector to your dealership to confirm the condition of the vehicle. The vehicle inspector will confirm the reported condition, and adjust the guaranteed offer if appropriate.
SELL ON ACV
Our vehicle inspector will work with you to launch the vehicle in the ACV “No Reserve” sale while you sit back and watch as thousands of dealers across the country bid! Every vehicle is launched at a $0 reserve price to get the maximum number of views and bids on your vehicle.
GUARANTEED PROFITS
If your vehicle sells on ACV for more than the Guaranteed Offer, you keep the upside (before fees). If it sells for less, ACV makes up the difference and pays you the guaranteed price (based on a 10 Day True-Up*). ACV takes the risk; you keep the cash!
* See Terms & Conditions below for detail on how overages/underages are calculated and paid out using a 10 Day True-Up.
TERMS & CONDITIONS
- Guaranteed Offers listed on ACV Auctions are subject to your current ACV sell fee rate + a $75 Guaranteed Sale fee
- Guaranteed Offers expire 3 days after the date you appraise the vehicle in ACV MAX.
- Guaranteed Sale units run in a true $0 reserve sale every Tuesday and Thursday starting at 12pm EST, and every Saturday starting at 2pm EST.
- Launched vehicles run for a time period of 2 hours.
- Launched vehicles will take the first available queueing spot in the time slot selected and will be available in the No Reserve Preview Lane for buyers to view.
- 10 Day True-Up: ACV calculates Guarantee Offer payouts every 10 days starting on the 1st of every month. Payouts are calculated based on the difference between the total of all Guaranteed Offers and all ACV Auction sale proceeds (before fees) during each 10 day period. If the total amount of all guarantees is more than the total of all auction sale proceeds (before auction fees), ACV will pay you the difference. If the total amount of all Guaranteed Offers is less than the total of all auction sale proceeds, than you keep all the upside!
QUESTIONS?
Contact your ACV MAX Account rep to learn more about the Guaranteed Offer program or to get started today.