Can you make money selling category S cars?
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- Опубліковано 22 лип 2024
- Is it worth buying Category S cars to sell since they have a stigma about them in the open market, we explore this question and more in this episode
Auto auction .io autoauctions.io/?ref=carsforpaul
Also a shout out to the Taxi driver who came over to say hello whiles I was selling the Seat Leon in London yesterday. Really nice to meet you. let me know your name in the comments below.
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Amazing video again Paul - This helps many of us get a overview of a sense of direction with salvage car market, being a trader myself i been there and still climbing the hill.
Morning paul. Nice little informative video. Iv neen sticking to cat. N/u/x lately and doing ok also the vans are selling aswell. Dont forget to seal that floor 👍. Great job mate. Dean.
Great vid as usual, Paul. I've bought a Fiat 500S from British Car Auctions. No HPI issues from BCA, and got it for under trade price. Looking forward to seeing the garage changes!
Just started watching your videos absolutely awesome
Hi Paul ill be starting my car trading venture, i love watching your videos and listening to your tips thank you
Paul I know you know your stuff but be careful buying cat u cars from Copart 99% of them are private entry’s and have major hidden problems you must always go and view them
This is true which is why I use Auto auction.io to do all my research, as it shows you historical info and previous pictures on google, plus the ones with mechanical issues are good for the channel (good content)
@@CarsForPaul auction.io is a dead link :(
@@retrogeezer he means autoauctions.io !
@@PaulL42654 Ah! Thanks.
@@CarsForPaul I use auctionhunter.io which is free, no sold prices yet but they are working on it I was told. There is some crazy shit there... Look at this BMW M5 with no damage after installing that tool: www.copart.co.uk/lot/45084589
Another great vid.God bless you abundantly.
Great video Paul. I used to repair salvage cars a while back. However one thing I do remember is that a lot of the major insurance companies would not insure cars that had been subject to a previous total loss. They would ask the question on the proposal form. In addition prior to this I had a van which I had repaired and it was fine and I used it for a couple of years in my business. Now the insurers had not asked about the status of the van and it was insured fully comp. Unfortunately it was stolen and never recovered. The insurance company refused to pay out as it had been subject to a total loss claim some years before. I did eventually get paid out after appealing to the Ombudsman but it is something you should be aware of. In life there is no free lunch !
Good to know
Definitely all about picking the right car, first one I purchased was a Peugeot 207 CC (cat n) at the time I thought it was a steal but after being on the market for 6 weeks I realised that because it was a convertible and a higher tax band the people I thought it would sell too (younger generation) couldn't afford to insure/run it and the older generation that could afford to were put off by the cat n and would spend a little more to get one hpi clear. It did go eventually and I made a tidy profit but it's definitely made me think more about those things for future purchases.
Thanks for relaying your experience, good for the community to know
How are you getting on now with it
Good videos.. keep it up bro 👍🏾
Hi Paul the trick with all salvage cars from my personal experience is the factor retail price by X 0.75 and work backward from there. But on really special or high demand vehicle you can charge full retail value
Fantastic video Paul thanks mate
Quick question mate is it worth buying 2 to make 1 good one? im looking at a cat N 108 allure, front end damage and a cat b 108 allure with a crumpled rear end, i was thinking of using the front end off the cat b on the cat n, dropping the engine out of the cat b and stripping anything of value as spares for the cat N, is it worth it or am i best off buying replacement parts what are damaged on the cat n?
Just stumbled across your channel as I’m looking to buy a cat C car but I’m not 100% sure whether to do it. Got a new subscriber anyway👍🏽 that electrician was in a bit of a rush I’d say with those cables flapping about 👀
Thanks for the sub!
Love this channel
I have a question I bought a car with CAT S and they have send me the v5c but the owners details has been covered, what should I do next? I have repaired the car now.
I got sold a cat s car for a non cat s price, and because I was a first time car buyer, I didn't knew what cat s was. Now 6 moths later I have to sell it at major loss. I paid for vouxhall corsa 2011 £2350 and now I would be lucky to get £1800 for it. Plus I have no documents to show what was exactly fixed as the guy buys and fixes up cars in his back yard. Well this was a life lesson.
Was it driving decent tho ?
Great video Paul 👍
Really enjoying the content man!
Hello everyone please someone explain how to put back on the road car cat s what i have to do and not to do thanks
Hi, is it safe to buy a category s car to used?
Please update me
Whats it mean tho (s) does it mean the cars broken or will cost more to insure ? If its been in an accident and completely fixed i dont see the problem
Hi Paul, I sold a car, which did not say Category S on logbook, and I had a HPI check done and it was clear. Now the buyer is calling me saying his insurer is saying that it is a Cat S, bear in mind I applied for the logbook myself. I have checked on Autotrader and it is clear and does not say Cat S. Can you give me some advice?
Just subbed, can you clearly explain the vehicle categories a little more in depth please. This was great content.
Thanks
Thanks, will do!
Great video, at 10:30 did I hear you say when I’m detailing the M car?? Ahah spoiler or not ☺️ great work Paul!
Thanks Jack, a new car has been purchased, and there will be clues in the next video.
Got a CAT S Hyundai I10 2018 1.0 SE on the go with 900 miles on the clock for 4995.....woukd this be OK?
Bargain. Engine isn't even broken in.
Hello everyone please someone explain me how to put back on the road car cat s what i have to do and not to do thanks
watch my other videos and it will show you how
seat leon do sell quite bad im stuck with one as well all other cars are gone, its honestly a lovely car it's got the 1.6 tdi engine as well but with 0 poind road tax and in perfect condition and no one even came to have a lookt at it???
Hi Paul, Wondered if you wouldn’t mind giving me your thoughts on something. I’ve found a Nissan Quashqui 19 plate. It has 10k miles and is for sale for £8,500. It’s category S and the owner says there was a minor collision but it’s all been sorted. Looking to keep the car long long term. What should I be looking out for, is this too good to be true?
The current rate for a non cat car is 14k around 5k discount
Ask to see the pictures of the damage, most people will have them, check all the door shuts and the area where the damage was, make sure there are no error lights or airbag lights on the dashboard and that should be it
@@CarsForPaul really appreciate the response mate
Such a good video
I bought Kia ceed from copart new model description says stolen recovery, they have put the market value 7.200£ but after I got the car and I paid the vat tax and the cost of recovery with the cost of new key the total cost is 5.200
Unfortunately the value of the car in market is 3200 as it’s N category t, so this is really big lost to me .
Can I ask why you paid so much for it when the market value of it is 3200? I never go by the estimated retail price from copart as they're more often than not massively inflated, research beforehand (ebay sold listings/auto trader prices)
Right of the bat it's hard because people are told not to buy cat anything! You can see why when alot of them are still bent and gaps dont line up, just looking at pictures shows where it was hit because alot of people just dont do the work properly and so anyone who thinks 'you know what I'll try a cat s because I can save a bit and get a better spec' only to go look at one that's been welded up by 'Jimmy' and it puts them off for life. Also they lie and say it was a light knock in the back end when infact it took a head on whack and bent the legs.
I feel like there’s a bmw m series coming along here
Hi Paul. When you first started the channel you did share information about cost of car, repair and then how much you sold it for. Are you going to share with us this on ka or leon? As although video is good it doesnt tell us is it worth buying car s or not really. Hope you reply to that.
sure, the Leon £5k, the KA, £2500, the TT £7k
@@CarsForPaul so you did take quite a big loss on leon 😔, was there any profit on flipping ka? Thanks
around £300 on the KA and £1600 on the TT. I expected to take a loss on the Leon as I brought it for content on UA-cam
Is there any way of finding out what damage was caused to make it a cat s? Or do you just have to rely on the seller being honest with you?
you have to rely on the seller, I would ask for photos of the damage , everyone takes them
I used to repair recorded damage repairables professionally and the rule of thumb was that even when repaired they were worth about a third less than a straight one, so you had to be buying them cheap to make them worth while doing. The rise of the diy repairer paying over the odds has made them less profitable, and the quality of some (but not all) of the diy repairs is quite frankly shocking, especially when it relates to structural or chassis damage. IMO non registered motor trade professionals should not be allowed to buy and repair cat S vehicles.
Paul, regardless of the work that you do, and how much profit you have in a car, there are no guarantees to sell anything! Sometimes they stick (landmarks), for no good reason?
hello Paul, How do I know the history of Copart sells ? any specific website?
Not sure what your question is but for car history do a hPI check
@@CarsForPaul Thanks Paul. I meant if am not online at the auction date and after the auction finished how do I know at what price the car are sold if I have the VRN and LOT number. much appreciated .
How about a toolbox tour Paul
now theres a good shout
Brought a category D seat Ibiza 15 plate for £1,500 worked really well for me, I, am student and it was more than affordable. I changed the door and all it needs now is a dent removed.
Was it expensive to insure? I was looking to buy a newer car but it was a cat D, already been repaired but thought it being in a crash previously would make Insuring it a lot more
Zephaniah Blair Nahh you’ll be good the insurance companies aren’t bothered. Only thing with a cat D is you need to find out what previous damages happened, as long as it’s not any water/mechanical damage it’s a green light. Brought a new door for my car for only £45 and the damage on the side cost me £150. Still saved myself about £2000 off retail price
Johnoè you did exactly what I’m looking to do, thank you for replying!
Hi
i dont really deal in cars
but i always book any cat cars are only worth 50% of the trade price
also i believe all cat cars made to have a special inspection of the work as lots of dogdey fixes
That's why he said buy them if you are keeping it for yourself. The 'sale' value is irrelevant if it's your own car.
Does the insurance go up if I were to get insured on a cat s car?
It depends on how old you are but in general, no
@@CarsForPaul Thank you. I thought my insurance would go up so I never bought aan cat s car. But now I will.. lol
I bought car from copart last week witch was listed cat N no v5. Car arrived with v5 so i decided to check on hpi or car have cat N..guess what..CAT S on hpi..rear bumper have deep scratches and crack, behind bumper no damage at all. All around car fine, just perfect. Contacted copart about that told them that they listed car in advert wrong ant they told me that insurance company put wrong cat in hpi and in two weeks time they should fix it..NICE..first car from copart..if no bad luck i would have no luck at all.
Lets see what happens in two weeks
It's not easy to sell category cars ! When they are on the list every body thinks it's a dog ! Years ago it was good but not now ....
Do you think it's worth it buying an accident damaged car to fix for a first car?
Yes I do, but do a Cat N to gain experience
How do you insure a cat s car?
just call the insurer
👍🏻
Does cat s or n affect insurance premiums
No it doesn't
@@CarsForPaul thanks
What did you sell it for Paul ?
£5k
Analogg iI
Cat s car can you get more money that you paid for it
short answer, No.
Hmmm M car?!? A BMW next?
Lol, not quite