Auction Vehicle Acquisition Approval Form

Pre-purchase approval form for auction vehicle acquisitions, capturing vehicle identification, condition, history report results, target ACV, maximum bid, and used vehicle manager sign-off before bidding.

Auction Vehicle Details

• Auction Name
  Name of the auction or marketplace where the vehicle is listed.
• Auction Date
  Date the vehicle will be bid on or purchased.
• VIN
  Vehicle Identification Number. Use the 17-character VIN exactly as listed.
• Year / Make / Model
  Vehicle year, manufacturer, and model.
• Odometer Reading
  Current odometer reading, if available from the auction listing.

Condition and History Review

• Condition Grade
  Overall condition grade assigned during inspection or from the auction report.
• History Report Result
  Select the overall result of the vehicle history report.
• History Report Provider
  Optional: name of the history report source used for review.
• History Report Issues
  Select any issues identified in the history report. This field appears when the report is not clear.
• History Report Notes
  Briefly explain any material findings that affect bidding or resale risk.

Valuation and Bid Limits

• Target ACV
  Target actual cash value used to evaluate the acquisition.
• Maximum Bid
  Highest amount authorized for bidding. Must not exceed the approved limit.
• Bid Rationale
  Explain why the vehicle meets acquisition criteria and how the bid limit was determined.

Manager Approval

• Used Vehicle Manager Name
  Name of the manager authorizing the bid.
• Approval Decision
  Select whether the vehicle is approved for bidding.
• Approval Comments
  Add any conditions, restrictions, or follow-up items related to the decision.
• Manager Signature
  Signature confirming review and authorization.
• Approval Date
  Date the approval decision was made.