Copart and IAAI glossary: lot page terms and how to read the invoice

What Run and Drive, Engine Start Program, Enhanced Vehicles, Undercarriage, Not Actual, TMU and the other flags on a Copart or IAAI lot page mean — and how to read the invoice you get after winning, line by line.

·4 min read
Auction gavel and car beside an invoice with a highlighted total

Nearly every flag on a Copart or IAAI lot page means less than it sounds like: it records what the yard observed on the day the car arrived, not a warranty.

Below are the terms people look up most, grouped the way they appear on a lot page, followed by a walk through the invoice that arrives after a win.

Condition flags: does it start, does it move

FlagWhat it meansWhat it does not mean
Run and DriveWhen the vehicle arrived at the yard it started, went into gear and moved under its own powerThat it is sound or will make it to the port
Engine Start ProgramThe engine started (possibly with a jump) and idledThat the vehicle can move
Enhanced VehiclesThe seller did something to the car before sale: cleaned it, replaced parts, repaired it in partThat the repair is good or complete
Starts (IAAI)The engine startsThat the vehicle drives
Stationary (IAAI)The vehicle does not start or does not move under its own powerThat anyone knows why
Every flag describes the moment the vehicle arrived at the yard and is explicitly not a guarantee.

Damage

Primary Damage is the main damage, Secondary Damage the additional one. The codes describe a zone, not severity. The ones asked about most:

  • Undercarriage — damage underneath: suspension, subframe, oil pan, exhaust, and on an EV the battery housing. Almost impossible to judge from photos.
  • All Over — damage across the whole body: hail, rollover, vandalism.
  • Mechanical — an engine, gearbox or drivetrain fault, without saying which.
  • Biohazard / Chemical — biological or chemical contamination of the cabin. Needs specialist cleaning.
  • Minor Dent / Scratches and Normal Wear — light damage and ordinary wear; typical of ex-rental and ex-lease cars.
  • Stripped — parts have been removed. Nobody made a list of which.

The full breakdown — which codes cost out predictably and which eat the margin — is in the guide to Copart and IAAI damage codes.

Mileage

FlagMeaning
ActualThe mileage is believed to be genuine
Not ActualThe odometer reading does not reflect true mileage: a replaced cluster, tampering, a fault
ExemptThe vehicle is old enough to be exempt from mileage disclosure — the figure is unverified
TMU (True Mileage Unknown)The true mileage is not known
Exceeds Mechanical LimitsA mechanical odometer has rolled past its maximum and started again

Anything other than Actual is worth checking against history: a Carfax report shows the mileage on every date the car entered the records.

Value, documents, sale

  • Est. Retail Value / ACV — an estimate of the car’s retail value before the damage. The seller supplies it; treat it as a reference, not a price.
  • Repair Cost / Est. Repair — the repair estimate from the insurance file, at US labour rates.
  • Title / Doc Type — the document type and state. It decides whether the car can leave the country: title check.
  • Keys: Yes / No — whether a key comes with it. No key means cost and a delay at the port.
  • Sale Status — Pure Sale, On Approval, Minimum Bid: whether the seller will sell at your bid. See sale types.
  • Highlights / Lot Notes — the yard’s own remarks.

How to read a Copart invoice

The invoice is generated once the sale closes and lists everything you owe the auction for the lot. Line by line:

LineWhat it is
Sale Price / Bid AmountYour winning bid
Buyer FeeThe main auction charge; depends on bid, tier, title and payment method
Gate FeeA fixed charge for handling and releasing the vehicle
Virtual Bid FeeThe charge for bidding online
Environmental FeeA small fixed environmental charge
Title / Mailing FeeProcessing and mailing the documents, where applicable
Late FeeThe penalty for paying after the deadline
StorageStorage after the free period, charged per day
Total Due / Due DateThe amount owed and the date it is good until without a penalty
The first five lines can be calculated before you bid. The last ones appear only through missed deadlines.

If the buyer fee on the invoice does not match your own calculation, the cause is almost always the tier or the payment method. Compare it with the Copart fee calculator and the fee guide. If you buy through a broker, the broker’s fee is not on the Copart invoice — it arrives as a separate bill.

NotedCar decodes a lot for you — sale type, title risk, fees and full landed cost — before the bid rather than on the invoice.

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