§ ABOUT · IRONLOTAUTO
The Company · 01
Out of escrow. Onto the block.
IronLot is the auction house for assets American banks reclaim. Every lot comes directly from a lender's recovered inventory — repossessed by a bank, returned by a leasing company, handed back by a fleet operator, or released from institutional custody.
We list them the way an editor would: title in hand, condition verified, photographed in daylight. Open bidding, no proxy fees, no dealer in the middle. The highest bid takes it home.
“
Every asset here used to belong to someone else's loan. Our job is to read its file, photograph it honestly, and put it back into circulation.
— Founder
of IronLotAuto
§ 02 · Mission
Where Banks Sell. Buyers Win.
Buying a repo or off-lease asset shouldn't feel like a negotiation with someone who has every incentive to charge you more. IronLot cuts that out entirely.
We source inventory directly from banks, lenders, and institutional sellers — vehicles, boats, and equipment — then list it with verified documentation, real condition reports, and pricing set by the market, not a dealer's margin.
Sign up, browse live auctions, place a bid or lock in a price with Buy Now. Your lot ships to your door, fully insured.
01
No Middlemen
Every lot comes straight from banks and institutional sellers. No resellers, no inflated starting prices, no dealer layer between you and the deal.
02
Verified Documentation
Ownership history, condition reports, and purchase terms are included on every listing. You know exactly what you're buying before you commit.
03
Market-Driven Pricing
Prices are set by real demand — not someone's margin. Bid in a live auction or use Buy Now to secure the lot at a fair market rate.
04
Nationwide Delivery
Win the auction, we handle the rest. Every item ships fully insured across the U.S., with the first 1,000 miles on us.
05
Built-In Buyer Protection
Every purchase includes a 6-month / 10,000-mile limited warranty and a 14-day return window. You're covered after the keys change hands.
§ 03 · The Process · Start Now
3 STEPS · 48 HOURS
How it works.
01
0 MIN · FREE
Create your account.
Sign up in minutes. Verify your identity with a government-issued ID and unlock full access to live auctions and Buy Now listings.
02
BROWSE · INSPECT
Find your lot.
Browse bank-released inventory sourced directly from banks, lenders, and fleet operators — vehicles, boats, and equipment. Each listing includes photos, condition reports, and everything you need to make a confident decision.
03
0 MIN · FREE
Bid, win, pick up the keys.
Place a bid or use Buy Now to lock in the price. Pay within 24 hours via bank wire. We arrange delivery — fully insured, first 1,000 miles included.
§4 · BEFORE YOU BID · READ THIS
Things
buyers
keep asking.
Last Revised: April 14, 2026
The same questions arrive in our inbox every week. We answer them here so you can decide whether our auction fits the way you buy — before you spend an hour reading a single lot file.
Still puzzled? — support@ironlotauto.com
Is registration free?
Yes. Creating an account with IRON LOT AUTO is completely free. There are no registration fees, membership fees, or hidden charges required to access listings, participate in auctions, or use Buy Now options. You only pay if you successfully purchase a vehicle or asset.
What do I need to register and start bidding?
To register, you must create an account and complete identity verification using a valid government-issued photo ID. This verification is required to confirm your identity and comply with regulatory and institutional requirements. Once verification is complete, you can browse listings and participate in auctions.
What payment methods do you accept?
IRON LOT AUTO accepts bank wire transfers only. We do not accept credit cards, PayPal, cashier’s checks, cash payments, or vehicle trade-ins under any circumstances. This policy applies to all buyers, regardless of location or purchase amount.
When is payment due after winning an auction or Buy Now?
If you win an auction or your Buy Now offer is accepted, full payment must be completed within 24 hours. Payment instructions, including bank details and wire reference information, are sent by email after the sale is confirmed. It is important to include the correct reference number to ensure your payment is properly matched to your order.
What happens if payment is not completed within 24 hours?
Failure to complete full payment within the required timeframe may result in the cancellation of the transaction. In such cases, the vehicle may be automatically re-listed, and your account may be closed without the option to create a new one. These rules are strictly enforced to maintain auction integrity.
Are bids and Buy Now offers binding?
Yes. All bids and Buy Now actions are considered final and binding. By placing a bid or selecting Buy Now, you are committing to purchase the vehicle if your offer is accepted. Please ensure you have reviewed all available listing information and are fully prepared to complete the purchase before placing an offer.
Can I inspect or pick up the vehicle in person?
No. All sales are delivery-only. DriveTime does not operate physical inspection facilities or showrooms. Buyers should rely on the information provided in the listing, including photos, descriptions, and available documentation, when making a purchase decision.
How is delivery handled?
Once payment is confirmed, delivery is arranged through insured, licensed transport carriers. Delivery is free for the first 1,000 miles. For distances beyond 1,000 miles, a flat fee of $1 per mile applies, regardless of the vehicle’s size or type. All vehicles are fully insured during transport.
How long does delivery take?
Estimated delivery time is up to 14 days within the United States and up to 22 days for deliveries to Canada, depending on destination and logistics conditions.
Are vehicles insured during transportation?
Winning bidders may pay via bank wire transfer, ACH, or certified cashier’s check, depending on the asset’s lender. Payment deadlines are clearly stated in your post-auction invoice. Once payment is verified, title processing and release begin immediately.
Do vehicles come with a warranty?
Yes. Vehicles sold through IRON LOT AUTO include a 6-Month Limited Warranty or 10,000 miles, starting from the date you take possession of the vehicle, whichever occurs first. In addition, all purchases are covered by a 14-Day reject or refund policy.
What is not covered under the Limited Warranty?
The Limited Warranty does not cover interior or exterior cosmetic imperfections, normal wear-and-tear items, recommended maintenance, or aftermarket accessories. All visible imperfections are disclosed in the listing where available.
Can I return a vehicle if I’m not satisfied?
Yes. You may return a vehicle within 14 days of delivery. During this period, vehicles may be tested for up to 1,000 miles. Returns are not accepted if the vehicle has been damaged, modified, altered from its delivered condition, or used as collateral for a loan. Approved refunds are processed within 48–72 hours, and delivery charges are waived.
Can buyers outside the United States or Canada participate?
Yes. Buyers located outside the U.S. or Canada may participate in auctions. However, all import duties, taxes, customs clearance, transportation beyond standard delivery, and legal requirements are entirely the buyer’s responsibility. Buyers should ensure all arrangements are in place before placing a bid or Buy Now.
Do you offer financing or payment plans?
No. IRON LOT AUTO does not offer financing, installments, or payment plans. Because many assets may have liens that are only released after full payment, financing is generally not available. Buyers should be prepared to complete the full purchase amount via bank wire transfer within the required timeframe.
Why do you require a government-issued photo ID?
Identity verification is required to comply with KYC (Know Your Customer) and regulatory obligations imposed on financial institutions and auction platforms. This process helps prevent fraud, identity theft, and other unlawful activity. Your information is used solely for verification purposes.
Are titles and ownership documents included?
Yes. Ownership documentation is provided as part of the transaction. Title transfer is completed after the buyer receives and accepts the vehicle. For remote transactions, IRON LOT AUTO handles the necessary paperwork and dispatches the signed title using a tracked courier service.
Can I cancel a bid or Buy Now after placing it?
No. All bids and Buy Now offers are final. Once an offer is placed and accepted, it becomes a binding commitment to purchase. Please ensure you have reviewed the listing details and are fully prepared to proceed before placing a bid or selecting Buy Now.
What happens after I complete payment?
After payment is verified, delivery coordination begins. Transportation is arranged through insured carriers, and delivery typically starts within 48–72 hours. You will be informed once scheduling is confirmed and your vehicle is in transit.
What should I do if I do not receive payment instructions by email?
If you do not receive your payment instructions within 24 hours of winning an auction or Buy Now acceptance, please check your spam or junk mail folder. If the email is still not found, contact support promptly to ensure there are no delays in completing your payment.
§ 05 · WHAT BUYERS ARE SAYING
98% WOULD RECOMMEND
Built on
repeat
business.
First-time buyers and seasoned dealers keep coming back because the process holds up. Listings are accurate, terms are clear, and there are no surprises between the bid and the delivery.
1,240
lots sold
$2,840
Avg. saved vs. dealer
98%
Repeat or referral buyers
“Support team actually picks up.”
Had a question about title transfer on my second purchase. Called support, got a real answer in under 10 minutes. That’s not common in this space.
Derek M.
Dealer · Michigan
“Beats dealer prices by a real margin.”
I compared IronLot prices to three local dealers before my first bid. Won a clean 2020 Honda Accord for $4,200 under what any dealer was asking. The math works.
Priya S.
Private buyer · California
“Consistent. Every single time.”
Three purchases over two years. Each one went through without a hitch — accurate listings, fast paperwork, delivery on schedule. That kind of reliability is hard to find.
James O.
Fleet buyer, Georgia
“Bought my first repo vehicle — easier than I expected.”
I was nervous about the process but the listings gave me everything I needed. Won the auction, wired payment, car showed up on time. The 14-day return window helped too.
Diane F.
First-time buyer · Florida
“My go-to source for dealer inventory.”
I run a small used car lot and I’ve sourced over a dozen vehicles through IronLot this year. The documentation is always clean, pricing is fair, and I’ve never had a title issue.
Ray K.
independent dealer · Ohio
“Finally, a platform that does what it says.”
I bought a 2019 Ford F-150 through IronLot — the condition report matched the vehicle exactly. Paid, got shipping info the next day, truck arrived in 6 days. No drama.
Marcus T.
Private buyer, Texas
§6 · Contact us
Find us
on the map.
One yard, one team. Every auction runs online — browse the inventory, place your bid, and track the lot from your phone or desktop. No lot visits, no in-person bidding. Just a clean platform and a straight deal.
sales@ironlotauto.com
For listing questions, purchase support, and general inquiries.
Phone
+1 (734) 413-7135
Call us Monday through Friday, 9AM – 5PM EST.
Office
38357 Huron River Dr, Romulus, MI 48174
Monday through Friday, 9AM – 5PM EST.