Great informative video But if i am in Dubai/UAE and want to buy individual car what will be extra fee or procedures If you can also make a video for international buyers will be highly appreciated Thank you
Question, do licensed buyers, like business licensed, pay less, or are the transaction fees the same? Like a 1k purchase you get charged like around $300 per say, do dealers pay the same fee?
Last time I checked Licensed buyers pay the same Copart fees as a broker as long as the payment method is the same however you have to pay the broker fees as well if you use a broker
@@ModifiedCrew ok, thank you. I've been trying to purchase through a friend but haven't had luck, and just wanted to make sure I wasn't getting an extra fee by him. Keep up the awesome content.
I'm so mad. I signed up for Copart a couple months ago as a business member. Now low volume business members pay the same rates as consumers in table C & D. So Fees on say a 10 grand car just went from 6% to 15%. And fees on a 15K+ car went from 4% to 15%. It is now literally cheaper to use a broker than it is to go direct, unless you buy at least 12 cars a year, then you get the volume fees. This is so scummy of them to do! It makes it so without a broker there is no way I'm going to be able to compete with a high volume business buyer because they could have a 1-2K price advantage over me. Filth!
@@ModifiedCrew I just sent them an email complaining and asking them if they would consider giving me business volume fee rates. I just can't believe that they feel it was reasonable to 2-4x fees for low volume business buyers, and to do so not gradually without warning. I can only think of that COVID decreased their volume, and therefore their earnings and this is the way they decided to attempt to boost profits is to screw over small business buyers. Less people are driving for work and travel, so there are less accidents and less cars at copart. My local yard has been doing auctions every other Friday instead of every Friday because of this.
Hey MC! Thanks for the heads up bro! Listen, I am about to get into the business of used car sales here.. So, i'm just trying to learn everything possible regarding membership at Copart. If i understood you correctly, it looks like even if you're a PREMIER member, you still have to pay all of those Copart FEES!!! Is that right sir? Like, that doesn't come with your benefit?
What about people outside US. I am in Nigeria but also interested but can't go past the registration stage and how do I make payment and also how is the auction charges calculated on copart if I win a car of $2k how would it be calculated to get to the total sum
Thanks for all the great info. I believe I understand all the fees now. If I plan on buying a vehicle (not thru broker) for $6k and paying secured. Then it's $6k+$750(fee)+$557(taxes)+$59(gate)+$99(bidding fee)= $7465... My only confusion is if I'm able to buy a salvage title vehicle that is for sale in Texas and I live in Florida. Would you happen to know the answer? Thanks, Evan
You can do it but you may need to use a broker if Texas has restrictions, you would need to check the state requirement page on copart to see if its needed. So you would also add the broker fees to that amount and shipping fees. Good luck
Hello! I have the same doubt. I live in Orlando FL and I want to buy a vehicle in some of the states like NC MO TX LA places that don't need a license. can I do it myself without a broker?
@@pairicopaipobrenapraticaso from my understanding, if you live in NC, and buy a car being sold from NC, you won't need a broker. HOWEVER, if you live in NC (which has no restrictions) but buy a car that is being sold in a state with restrictions, then you will still need a broker... Hope this helps
Hi. Does any body knows how to sign out from Copart account on all devices..I lost my phone and not sure if it is lost or stolen.. And I want to be sure that no one can access to my account.. I tried to change the password of Copart account on my Laptop but.. On my other device I am still loged in.. So this mean I am loged in on my lost device.. What if some one start to bid and win couples cars.. Man.. I l b f***ed
I was just registering and copart is asking for affidavit document from me to finish my registration. Why is nobody mansions this document? What should I do?
The fees do suck, but considering the price you get the car for it;s still a great deal. Also, everybody else factors the fees into their bids, so it drives the price down.👍
Hi, can I bid a car that is located in other state? I’m in Virginia and here is necessary to have a license to bid but I want to get a car that is located in North Carolina and license are not required there, I just don’t want to pay for a broker. Thanks
I believe that you should be able to bid on the car unless copart has changed their policies. Keep in mind you will have to pay shipping and would not be able to personally inspect the car. I would suggest paying a broker and keeping it local so you can know what your getting.
General question re Sales Tax on a Copart Salvage Car... I know from previous experience buying from other local dealers (who also buy from Coparts) the local place does NOT charge me a State Sales Tax... I just incur that when I go convert that Salvage Title in A Rebuilt/Reconstructed Title... So bottom line, if I were to buy a salvage car through Copart either on my own (if poss) or if by going through a broker, I will also incur the Sales Tax on Copart Salvage Car??? And then another Local State Sales Tax at the end upon trying to get the Rebuilt Title (i.e. Double Dip on Taxes???)
@@ModifiedCrew I’m just making sure because you didn’t mention/add the broker $400 security deposit into your fee examples of the hypothetical $1000 car purchase (at the 9:30 mark)
Nope its free and highly suggested. You can see cars that arent on the list and also know more about the car you are buying. Also if your a car guy like me its just nice to see and get in some of the high end cars. Also they will give you the keys to start and check the car out if you request them
I own an autobody business in PA but I plan on just but I just plan on buying one car on Copart, will save money by uploading business docs so I can bid without using a broker? If it's not that much I am saving I rather just use a broker since it's less hassle given it's a one-time deal???... please advise thx! Fyi, My budget is around $5k for bid... If I were to provide my business info to set up account that is eligible to bid, what docs are required (i.e. SS4 or City Business License?)
They need a few documents and are kind of a pain to work with sometimes, last I checked it was like about $200 or so for the broker so It might be easer to use a broker
The state you are buying in has its own policies on if you need a broker or not. For example im in California and would need a broker to buy in California
Good stuff man. But one thing you didn't mentioned was the fee to transport the vehicle back to you or the simple cost it would cost someone to get it to and from auction.
How many of you noticed I said Affidavit wrong? If I missed anything or tips/tricks feel free to list them in the comments below. Thanks
I didn't know until some one told me
Does this work the same if skip the bidding and just “buy it now” process with the fees ?
Yoooo so i have a CA license but want to buy and register in Montana. Do I need a broker?
@belenladd5923 I'm not sure as Copart's policies are constantly changing, I would call their customer service to confirm
Great informative video
But if i am in Dubai/UAE and want to buy individual car what will be extra fee or procedures
If you can also make a video for international buyers will be highly appreciated
Thank you
I am not sure as I don't now the laws or taxes for other countries.
Awsome tips: Thank you bro!
Question: Copart shows car under Certificate of Title without Salvage at the end, it is considered as clean title ?
If I understand your question correctly yes it should be a clean title but you should contact copart directly just to confirm
Question, do licensed buyers, like business licensed, pay less, or are the transaction fees the same? Like a 1k purchase you get charged like around $300 per say, do dealers pay the same fee?
Last time I checked Licensed buyers pay the same Copart fees as a broker as long as the payment method is the same however you have to pay the broker fees as well if you use a broker
@@ModifiedCrew ok, thank you. I've been trying to purchase through a friend but haven't had luck, and just wanted to make sure I wasn't getting an extra fee by him. Keep up the awesome content.
Best video ever
Thank you, Good luck on your Copart Hunt
I'm so mad. I signed up for Copart a couple months ago as a business member. Now low volume business members pay the same rates as consumers in table C & D. So Fees on say a 10 grand car just went from 6% to 15%. And fees on a 15K+ car went from 4% to 15%. It is now literally cheaper to use a broker than it is to go direct, unless you buy at least 12 cars a year, then you get the volume fees. This is so scummy of them to do!
It makes it so without a broker there is no way I'm going to be able to compete with a high volume business buyer because they could have a 1-2K price advantage over me. Filth!
Dang that sucks I haven't checked lately but thats going to effect a lot of people including myself 😔
@@ModifiedCrew I just sent them an email complaining and asking them if they would consider giving me business volume fee rates. I just can't believe that they feel it was reasonable to 2-4x fees for low volume business buyers, and to do so not gradually without warning.
I can only think of that COVID decreased their volume, and therefore their earnings and this is the way they decided to attempt to boost profits is to screw over small business buyers. Less people are driving for work and travel, so there are less accidents and less cars at copart. My local yard has been doing auctions every other Friday instead of every Friday because of this.
Hey MC! Thanks for the heads up bro! Listen, I am about to get into the business of used car sales here.. So, i'm just trying to learn everything possible regarding membership at Copart. If i understood you correctly, it looks like even if you're a PREMIER member, you still have to pay all of those Copart FEES!!! Is that right sir? Like, that doesn't come with your benefit?
Correct. And unfortunately no.
Hey where did you get your dealer's license? I want to do the same thing as you.
What about people outside US. I am in Nigeria but also interested but can't go past the registration stage and how do I make payment and also how is the auction charges calculated on copart if I win a car of $2k how would it be calculated to get to the total sum
Unfortunately I don't know the law and taxes for other countries.
Thanks for all the great info. I believe I understand all the fees now. If I plan on buying a vehicle (not thru broker) for $6k and paying secured. Then it's $6k+$750(fee)+$557(taxes)+$59(gate)+$99(bidding fee)= $7465... My only confusion is if I'm able to buy a salvage title vehicle that is for sale in Texas and I live in Florida. Would you happen to know the answer? Thanks, Evan
You can do it but you may need to use a broker if Texas has restrictions, you would need to check the state requirement page on copart to see if its needed. So you would also add the broker fees to that amount and shipping fees. Good luck
Hello! I have the same doubt. I live in Orlando FL and I want to buy a vehicle in some of the states like NC MO TX LA places that don't need a license. can I do it myself without a broker?
@@pairicopaipobrenapraticaso from my understanding, if you live in NC, and buy a car being sold from NC, you won't need a broker.
HOWEVER, if you live in NC (which has no restrictions) but buy a car that is being sold in a state with restrictions, then you will still need a broker... Hope this helps
Upgrading to premier how much does it cost? And how much buying power do you get with premier?
To be honest im not sure I havent checked in a while
100k
so would it be better to just have an auctions license?
You dont need one if you use a broker but using a broker will add to the fees
Who is cheaper in term of all copart or his broker autobidmaster ??? If I had a business licence.
With license you wouldn't need a broker (autobidmaster) you would just pay the copart fees.
Any broker that lets you pick up the vehicle at your local location?
Some coparts will allow you to pick up the vehicle with your own truck and trailer.
can you buy in Nevada without a broker ?
Im not sure about Nevada laws you can call copart and they can let you know
is it free to create account without choosing any membership?
Not anymore
No not anymore.
Hi. Does any body knows how to sign out from Copart account on all devices..I lost my phone and not sure if it is lost or stolen.. And I want to be sure that no one can access to my account.. I tried to change the password of Copart account on my Laptop but.. On my other device I am still loged in.. So this mean I am loged in on my lost device.. What if some one start to bid and win couples cars.. Man.. I l b f***ed
Oh man that would be terrible. I would suggest contacting copart and see if they can change your account over the phone. Good luck!
You have to pay to become a member right ?
You have to pay to use a broker but I don't remember ever paying copart to be a member
It says you have to pay now. Which sucks. I cant find where it says free membership
Is everything here still up to date?
Its been a while since this video was made so some things might have changed
Please my question is, is e every car u buy u use a towing van service? please if u can advise me I need to buy and ship to Africa
No. Some coparts will let you pick up the car without your own truck and trailer.👍
Just want parts Harley buying cost for junk bikedo you have pay all fees when all u want is parts
I've been thinking about doing a Harley, parts are expensive
Hi from el el salvador can i
Hello 😀
Maybe fees go down when the pandemic ends as manufacturers start producing more cars ?
I am not sure as these fees were prior to the pandemic.
Copart sounds like a GTAV scam 😂
lol
step 1: DON'T USE COPART. You're welcome.
Why?
How to contact you?
I understand you can get screwed at copart if you don't know what's up.
Lol. What to use than?
Great Video Man , Thanks . Helped A lot 💯
Glad to hear it!
I was just registering and copart is asking for affidavit document from me to finish my registration. Why is nobody mansions this document? What should I do?
that is a lot of fees. Total scam..
The fees do suck, but considering the price you get the car for it;s still a great deal. Also, everybody else factors the fees into their bids, so it drives the price down.👍
Hi, can I bid a car that is located in other state? I’m in Virginia and here is necessary to have a license to bid but I want to get a car that is located in North Carolina and license are not required there, I just don’t want to pay for a broker.
Thanks
I believe that you should be able to bid on the car unless copart has changed their policies. Keep in mind you will have to pay shipping and would not be able to personally inspect the car. I would suggest paying a broker and keeping it local so you can know what your getting.
General question re Sales Tax on a Copart Salvage Car... I know from previous experience buying from other local dealers (who also buy from Coparts) the local place does NOT charge me a State Sales Tax... I just incur that when I go convert that Salvage Title in A Rebuilt/Reconstructed Title...
So bottom line, if I were to buy a salvage car through Copart either on my own (if poss) or if by going through a broker, I will also incur the Sales Tax on Copart Salvage Car??? And then another Local State Sales Tax at the end upon trying to get the Rebuilt Title (i.e. Double Dip on Taxes???)
No, i believe you would be just taxed the normal one time, and most DMV will want the receipt to confirm.
Get a dealers license and cutt out the middle man and there fees
You dont need a dealers license to buy from copart just a resale business license
Great video
Thanks 😊
Please please please answer me 🙏🙏🙏🙏🙏🙏🙏🙏🙏
I am from Iraq and wanna register as business in copart to buy cars and ship them to Iraq ...WHAT CAN I DO ?
The best way to do this is speak with Coparts customer service department and they will walk you through what needs to be done
for those wondering, a basic membership is $60 per month which isn't said in the video.
It’s actually $60 per year not per month.
Thank you
It's 99 now
Can i buy like 300 cars with individual account?
I believe you would need a dealer license.
you’re awesome at what you do, much appreciated 👍🏾
I appreciate that!
Do you have to pay the $400 to use the broker? Because then that would factor in as basically another fee
I did not use a broker on this purchase. However you are correct if you use a broker.
@@ModifiedCrew I’m assuming the $400 security deposit goes toward the cost of the car? Or is that a fee on top of the cars price?
@@FilmerStevie the broker fee doesn't count towards the purchase price of the car
@@ModifiedCrew I’m just making sure because you didn’t mention/add the broker $400 security deposit into your fee examples of the hypothetical $1000 car purchase (at the 9:30 mark)
@@FilmerStevie Because you get the deposit back. So it's not a permanent charge.
Never been inside a copart but have bought cars from copart is there any cost/fee to go inside and walk around the yard to see the car I want to buy ?
Nope its free and highly suggested. You can see cars that arent on the list and also know more about the car you are buying. Also if your a car guy like me its just nice to see and get in some of the high end cars. Also they will give you the keys to start and check the car out if you request them
I own an autobody business in PA but I plan on just but I just plan on buying one car on Copart, will save money by uploading business docs so I can bid without using a broker? If it's not that much I am saving I rather just use a broker since it's less hassle given it's a one-time deal???... please advise thx! Fyi, My budget is around $5k for bid...
If I were to provide my business info to set up account that is eligible to bid, what docs are required (i.e. SS4 or City Business License?)
They need a few documents and are kind of a pain to work with sometimes, last I checked it was like about $200 or so for the broker so It might be easer to use a broker
ets say im bidding on a 20K car so i put $2k deposit but i end up not getting it. is it refundable?
I would hope so, Unless somebody at copart wants to stop some bullets!!
@@ko9856 😂😂 yeah i called and they said if you pay with credit card it takes 7-10 business days. If you do money order or cashiers check up to 30 days
@@jungleballerz4115 How is the deposit refund initiated. From your phone call or is there a section online for that?
You only pay the deposit if you win the car, i'm not sure if you try canceling your bid after winning
Thanks for the info 👍
So if the vehicle is in my state, I don’t need a broker?
The state you are buying in has its own policies on if you need a broker or not. For example im in California and would need a broker to buy in California
i know this video is old, but my main question is do they charge you a fee for lets say, i bid $600, would they charge me a fee for bidding?
No fees for bidding, only the fee to start an account with copart and the fees for the winning bid
Good stuff man. But one thing you didn't mentioned was the fee to transport the vehicle back to you or the simple cost it would cost someone to get it to and from auction.
I normally pick up my own vehicles but also when this video was made Copart didn't have the shipping/estimate option
end shiping vide do
Hello if i get a copart membership to buy cars and i live in california do i have to report the cars i win to the irs? Thanks in advance.
Im not able to provide professional advise, this would be more for your tax professional
hello friend! Are you sure that if I buy in another state that does not need a license, I will need a broker? why? thanks
Not all states require brokers, you would need to check the state list on copart website
So what happend to the.deposit ,after buying ??
Stays in your account, you have to go pay for your lot after you win, you can request your deposit back if you want
So basically when upload business liscense wait 4days for a response?
Yes. if you haven't got a responds i suggest calling to ensure that everything is correct.
Can you explain something things to me bro. How could I best contact you my name is Steven
Whats your question, Im not a pro just looking to help
So if I go through a broker do I even need a copart account with a membership?
No you would be using the brokers account with copart