Buying Cars at Auction Online (How it works)
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- Опубліковано 16 лип 2020
- Today i though I would film my daily auction buying online I talk about the current market and how i buy cars what to look for and what to stay away
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Contact me at Lucky@Automotivelife.com - Авто та транспорт
You are by far the most transparent and straight-shooting dealer I've come across on UA-cam. You sir have earned yourself a sub.
Thanks Michael. Welcome to the family 😁👍
MC: Love this guy & would trust him with my life! (only know him from his fine program).
I just subscribed too. He’s honest and I love what they did for the lady. People are so savage nowadays. That deed alone speaks volume.
I just opened my dealership and I’m setting up with Manheim, I appreciate the work you do. It helps guys like me more than you know
welcome to the car biz :)
@@LuckyLopez777 thanks man, all your fans appreciate you 🤍
where is your dealer?
Congratulations on your new dealership. What is your inventory plan. Balancing flooring or inventory investment VERSES book depreciations / Bank loan ammount s. Sorry fir such a scary uniformed question. ???$$$$!!! Did you watch some of Luck Lopez’s other videos ???
@@LuckyLopez777Lucky, I’m trying TJ find a lot to lease in Vegas. Any tips? I’m about the lease a warehouse
Wow! I love how honest you are about stuff and how much info you give! Thanks.
So appreciate you and your honesty and good works. Keep it up we need you people like you
I Read the Google Reviews about Manheim And The Agressive Team of Attorneys Here But After you Explain all of the Obligations Dealers can Have I Totally Understand I Was Well Informed and Educated By your Buying Experience In Auction vehicles Thank you for Sharing
Man, you are great. I watch your videos randomly. Your content is phenomenal. My goal is to watch it all. In my head I'm studying it. Thank you so much . I'm a sales manager in a small independent dealership in MA. Preparing myself for the journey. Will buy the courses 100%. Thanks for everything! Oss
Thanks I appreciate it 😁🙌
Learned a lot.
Update: Just finished watching 4 more videos, you have a new subscriber, I've never come across with straight-forward content like this, this is a rare knowledge to find!
Thanks i appreciate it
You're generous for sharing. You're a good dude!
Thanks I appreciate it
Best video I have ever seen about the dealership!!! Thank you bro!!
I appreciate that!
THANK YOU !!!! For your videos. I learn at least 5 thangs from each video.
Great video thanks for your honesty and sharing ins and out of the business I'm starting a small used car dealership I'll be watching more of your videos
thanks for watching
It is a great video thanks for the great information and well delivered. This is exactly what I was looking for.
I’m here because I want to start a small side business. This was very informative. Thanks! This video was toasty. 🔥😁
Glad you liked it!!
I love how straight forward honest man you are..God bless you ... Out of curiosity how do I buy from you I'm in California is that possible
Great information, thanks for sharing. What software are you using to get your multi screen setup?
Stay on your purpose forget about the stress and the money and lifestyle will come. Great vid keep it up
Thanks Sam appreciate the comment 😁👍.
@@LuckyLopez777 I have a 2009 Jeep I’ve put close to 12 k in upgrades. 66 k two owner. How can I show and sell? I’ve got 36k invested and need 24k to invest elsewhere. Can you send pointers to jeep6000@gmail.com ? PS . This is an awesome video that should serve many people well.
Honey and TOAST! Great stuff Lucky, appreciate it.
Just wanted to say Hi and thank you so much dedicating your valuable time to put out this great content! My brother and I are just starting in this business, and this info here is very valuable to us. We are out of Michigan and just got our broker's license thru one of the dealers recommended by Copart. I like how you said in this video, there is enough pie for everyone".You are a good person, and God will reward you for helping others. God bless!
I appreciate that!
Thank you, good info, I learned quite a bit
Toast!! I follow impact auto auctions here in Canada. Its fun
Thanks Mathew 🙌 🍞
Thanks for being honest. I hope you do good with your channel. Subscribed.
Appreciate it welcome to the family
toast
First time here, love your energy
Keep it up
Thanks 😁
Wow thank you sir learned a lot looking to get onto this business selling cars, parts on Ebay, A rebuilder after attending collision autobody school
Thanks Ben 🙏 You will have a blast I love the automotive Industry
I need a car . Am moving to new york.
Just got 3k to move around with
So much insight into the car business.
Your insights are so exceptional. I've learnt a lot from your exeperience, especially the challenges. I feel salvage vehicles are over-priced, considering common damage types, mileage, etc. Adding site fees, haulage, shipping, etc, blow costs over the roof. And compounding, sharp spike in exchange rates makes the whole venture appear like a wild goose chase. Oh yea! Am a foreigner (African). I've struggled to get a Lexus RX350 (Y2010 - Y2013) for the past 14 months without success. I keep saving upwards, but the soaring prices won't just cease nor slow down. Would be glad to get a direction, advice or help.
right now salvage is almost retail
@@LuckyLopez777 I hope to get lucky. Thanks for the headsup.
Hey, I'm over here. :) Great vid man!
Hey, thanks!
Roughly how much should I pay for a 2018 salvage title Nissan Rogue Midnight? So glad I found your channel. I'm going to see this car tomorrow at 11am eastern time. Great video thanks for sharing.
I have a small car lot .. I been learning a lot with you !! Thank you
Thank you for watching. What state are you in ?
Florida !! J&jautobrokers850@gmail.com I would like to schedule a consultation! Thanks
NY over here. Small lot owner
You are s superstart!
I learnt a lot from you.
Bless!
Thanks I appreciate it
Watching you from Australia. Great information. Cheers!
Thanks for Watching Ive shipped a few classic cars out to Australia are you in the car business there
@@LuckyLopez777 Hi how are? yes I’m in car business, let me know what the options are? What’s your website address so I can contact you pls
@@creativeminds5773 My email is Lucky@automotivelife.com. My site is www.AutomotiveLife.com
@@LuckyLopez777 Great! Thanks 😃
Your videos on cars really worth it!! Thanks for sharing your experience
I appreciate that!
God bless you for this 💪🏾🙏🏿
😁🙌
Love your videos bro
In hind sight, you were right about the future, LL. I'm listening..
I really Like your Video explain and I learning from you now my dear Thank a lot
Thanks we appreciate the comment
Its very good video thx u so much but i have some few questions about it can u answer pls
1- as a tourist in usa with license can i buy a car from copart or iaai?
2-do i have to pay taxes for a car if i bought it and sold it in one day or put in dealership do i still have to pay taxes and new license thx u so much
TOAST! I just started in the buying business for my dealership.
Great video thanks for the information 👍
Great video keep up the good work
Thanks Jack appreciate it
Thank you can you subscribe to my channel
interesting to watch it 2 years later all these cars what we thought were overpriced in 2020 I wished I could buy them now for that price
GREAT INFO. Im in California and I'm having a hard time getting my car lot off the ground. Im a new dealer n no one like to give info. Any tips? Best car auctions you use?
Hi sir, can you tell me please what stationary means for an auction car? Is there some issues with the engine?
Thanks for the Content
Really good video plase keep them coming so interesting
Thanks Brett. We appreciate it. More videos on the way 😁
I don't know what the word, " TOAST" means by your vernacular?? Besides that, GREAT VIDEO/TUTORIAL for first time buyers interested in buying a used car at an auction not as a dealer but as an individual! You seem like a straight shooter about the pros and cons of your business transactions the good, the bad and the ugly! Do you ever give free long-distance advice on a potential good buy, trade-in, etc? Much Respect from Louisville, KY
Do u have a video on what made u want to choose to become a car dealer and what u would recommend to people who think about becoming one?
Hey great vid, but if you get an OLED TV be careful with burn-in especially if you’re gonna be using it to look at the static auction windows. 👍🏼
Thanks for the tip
Question I'm looking to buy a car on Copart but it's in Cali I stay in last Vegas. How will the paperwork work? If I buy it will the paperwork and title will come in a Nevada title? Need help first time buying
Greatly Appreciated.
Thanks :)
I recondition driver seat on most car dealership in my area. It's always driver seat bottom 1 or 2 panels. Console lid, carpet pad on carpet hole rub throw. Most car models repeat so once figure one out your set. Tear apart seat seems like impossible task for me it's breeze. Car has to look pretty says biggest animals in game
If the inside of a car is reconditioned. It’s always brings more money 😁👍
Great content!👍🏼Subscribed
Thanks 😁👍
Dodge Caravan and transmission failure... Not surprised. Glad you guys took care of her.
If we all have an open mind and open heart the whole world will get much better!
I am using autobidmaster to bid on cars and I've got some pretty good deals with copart, my question is can I sell these vehicles to the public ? I sold one but I put the title under my name and as far as I know I can't sell more than 3 vehicles under my name per year in NV. also another question, what license should I get to bid on cars on any auction and sell it to the public without having a storage lot ? is a broker license work? I appreciate your answer
I was hoping you would show a step by step instruction on how to buy and sell vehicles on the auction but this is a good video still but can you make an instruction video
Great video. If the prices were stupid in 2020, then I can't even imagine how ridiculous they must be in 2021.
They are high but slowly going down
Hi Automotive Life I have a quick question. Just curious to know . Btw i'm from India. So, is it possible for me to buy used and salvage cars from auction as a student coz I m in collg ryt now
Thanks for the video I got alot out of your video
Thank you so much for watching I appreciate it
Thanks, Abu Oraib, even you are in LA
I have heard you talk about your rental cars. Can you do a video on how that works? Like are their any special licenses or types of insurances you have to have?
Look on my channel I have a bunch of videos of me talking about rental cars
@@LuckyLopez777 cool. I will check it out.
Great video what would you recommend to get started I live in ct?
That’s the great thing about the automotive industry is wherever they drive cars is a good spot to start either selling fixing or repairing vehicles if you have a love for cars I would definitely do so
Hello , do you offer by any chance a way for others to bid on cars through your dealer account? I need somebody like you who is able to bid on cars to give me the access so that i can buy cars and ship them outside the us !
Thanks so much man
Hi Lucky. How do I purchase a course from your website? I only see an option to book a consultation.
I'm subscribed! I live in Vegas!!🙋 👩💻
Thanks 😁. Team Vegas 🙌
i like your videos! !!!! if you have any video for how to use the software for inventory
We use Dealercenter In my Dealership Corse I show everything on how to start a dealership and what to do How to buy cars Flooring lines how to Do Financing Sales/leases Marketing Everything from A-Z
Should I use Auction Credit to start getting cars or use my own money?
Hi bro from which auction are you buying from ?
Great stuff! Charlie from NY.
NYC in the house :)
How do you get tags to take a auction car to inspection?
I hate to be a bother, but is there any auctions i can check out without having any dealership credentials. I just would like to find a dependable vehicle
cool video 👌
Hey Lucky, my question is if my bank fee for a sub prime customer is $500 how can I add that on for the customer to pay, the legal way?
Also what gps tracker would you recommend if I were to do in-house financing? A video on how to do in-house would be appreciated, Just subbed!
Ryan Yosh The way I price my cars is $1000 over retail this gives me the flexibility where if the customer has good credit I can lower the price or if the customer has bad credit I don’t have to raise the price to compensate for the bank fee and as far as GPS is I only use gold star 90% of the other ones are absolute junk gold star has amazing features sign up with them and try to GPS
@@LuckyLopez777 Thank you I appreciate it your response, do you have any previous videos on how to create successful in-house financing?
Ryan Yosh We are actually making a online class for that along with our dealers license rental car license.
Nice
Curious on your BHPH deals if you don't mind me asking, gone are the days of 10-12 years ago buying a car for $500 to $1,200 and getting the entire amount down and just financing the profit/repairs. How much do typically let out on the street on an average deal?
I actually still get cars repaired all in for $1500 but we usually try to get about 50% of what I’m into them down and the other 50% within the first six months that is my formula that use
@@LuckyLopez777 Thanks for the pointers, excellent tip of keeping a shorter term. Worked for a non franchised sub prime and BHPH store in the late 90's and they financed 12 months, the cars didn't last and their BHPH business cost them to go out of business. Back then we used Key Bank, Mercury Finance, and in house.
Im european and i wanna start importing motorcycles from US can you recomend me good US web site where i can bid on motorcycles? thanks in advance
thx
thanks for watching
Auction prices are ridiculous these days especially here in Canada
I know. It seems like everyone is over paying and it’s getting worse
@@LuckyLopez777 well, it got worse
Hey I saw they have really cheap prices and I'm thinking of bidding for a bike. Is it safe to buy? Or is it sketchy
It depends on the condition report everything at the auction and I would just consider sketchy but if you get a cheap enough to for the repairs it’s definitely good deal
I would buy a car from you and I need one now….. you’re a good dealer…..
Thanks I appreciate it 🙌. I only do wholesaling at the moment
Dope video
Thanks 💯
(Public buyer and not a dealership and never done this before) If you buy a vehicle(s) and flip it do you have to notify any entity about your earnings? (Like IRS chasing you down about how you got that money)
love the user name 😁👍
Toast brother Lucky!!!!!!!
I also can blink my eyes, since were sharing.
Nice lol.
It is a good lecture. Do you have PhD in Sales? You are good
I have a question! Can I buy a car from an auction and sell it back on the same website at a better price?
Great
I do have little business buy and sell car trying to open dealerships I m from Michigan. but issues is I don’t find handy Mechanic. how do you handle repair specially buy from auction .
I would only buy green light cars till you find a good mobile mechanic. just start hiring people till you find. one. it will talk alof of time and money but its worth it
Wear blue light BLOCK glasses 👓 it’s amazing,
Do you work with wholesale dealers? I was going to start out with a wholesale license. I can find deals all day long in the SF bay area Craigslist. Even a of my personal cars are one owner cars I bought cheap. I just wonder if there's enough meat on the bone.
NorCalMike Being a wholesaler is the best way to get into the car business with extremely low overhead I personally don’t work with wholesalers here in Vegas because they usually want more than retail for their cars and they usually sell stuff that’s broken and damaged and try to hide things so as long as you’re honest and upfront and you tell the dealers what’s wrong with the cars you have good success with building relationships with dealers
@@LuckyLopez777 Thanks Lucky! I figure I'm better off selling good cars and building solid relationships over dishonest profits. I'm ok with making less. I just love buying cars! I guess that's how I ended up with 7 of my own
As long as you are doing right by people the money will come.
💯
I’m literally here because I want a jeep wrangler 😂😂
good cars. very high resale value
Nice Video clip! Apologies for the intrusion, I would appreciate your thoughts. Have you thought about - Tarbbatigan Vintage Sales Tip (search on google)? It is a smashing one off product for finding government and police auctions for cars trucks and SUVs without the hard work. Ive heard some decent things about it and my friend Sam got great success with it.
Not good on gas
What do you recommend for someone who wants to buy a couple of salvage cars to take overseas?
It all depends on what country and what are you trying to do I have a few friends that take wrecked cars to Europe luxury cars doesn’t matter for salvage title they’re clean title once they hit over there or some people so salvage cars over to other countries like in the middle east where there’s no junkyards so they sell the parts for top dollar so there’s 1 million ways you can go about it just depends on what you’re planning to do and which country are going to be importing to
im a wholesaler, how can i buy a car for myself through these dealer auctions.
After watching this video he’s really made me second guess if I should even try to tap into the car industry. I just heard all negativity
It’s a fun business it’s just lots of stupid people in it lol
@@LuckyLopez777 ok Lucky. I have a quick question. So I’m currently working a full time job putting in 60+ hours a week. I’m trying to get out of the 9-5 life and my dream goal is to get into real estate. So I’m currently in the stage of building my capital. I have some money saved up and was thinking about flipping cars as a side gig to make some extra money. My question to you is is this a lucrative field for me if I’m aiming at only flipping 3-5 cars a month. And that goes with I’m thinking if I should just get my dealers license to have access to these auctions myself rather than trying to find deals on fb marketplace etc. what would your opinion be? Would the dealer auctions provide some deals for me as a independent flipper. Not trying to have a dealership but just flip a couple cars a month ?
@@RoyallKing629 If you’re flipping cars just to get money for real estate I wouldn’t waste the time in investment to get your dealers license but if you want to keep it as a Side hustle then I would recommend
@@LuckyLopez777 recommend what?
Cool video, thanks for info. Toast.
Yessss 🙌
great video
Thanks 👍
Which auction firms do you recommend is best?
There’s really not a best one I recommend always trying all of them to see which is better in your area because in different states in different areas different banks go with different options so you never know we’re gonna find the deals
Hello I want to buy a car I’m in Lebanon can you help
Learned a lot. Thank you. Remember, Jesus is always with us and He loves you!😁
Thanks 🙏 😁👍