Do Not Buy From Copart or IAAI before watching this video (Salvage Cars)
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- Опубліковано 27 тра 2021
- Do Not Buy From Capart or IAAI before watching this video
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Once again this man is giving the game. Anybody who is a dealer can tell you we bumped our heads and lost a good amount of money learning what this man is giving you in a video...A+ man
I appreciate it 😁👍
Knowledge is power!
What an absolutely fabulous video. I have been to over 400 insurance auctions, and I learned a lot. Thanks to the person posting, you have done many a great favor by your thoughtfulness in doing so.
Thanks 😁👍
I once got a car from IAA listed at 17k miles. Turned out it had 115k. Even though they didn't have to, they agreed to buy the car back. I still lost money in transport fees, but I'm grateful it was a $700 lesson and not a $14,000 lesson.
Facts 🙌. Same thing happened to me at copart
Do you know what website to check the original miles?
@@Jessielopez as far as I know, only a paid service like Carfax or Autocheck
@@SuperStarCustoms thanks for the reply man! And one more thing, how do you even do it with the paperwork as a beginner? Do you sell cars with the previous owner or auction information? Or put it under your name? But dmv only allows for people to sell only 5 cars per year
@@Jessielopez yes exactly that stump's me in this whole Car flipper biz.
Yup. You are right on the money. Lots of people bit or try to buy a car and they do get screwed. Glad u made this video
thanks I appreciate the comment 😁👍
I had a body shop for 30 years and did quite a few rebuild mostly from Copart. I always took pics before and during the repair process and show to a potential buyer what was done.
that definitely helps when you sell the car. people love the before and after pics
Now banks don't give loans anymore and bots up the bids on the online bidding so I stopped.
@@jasonfrance4927true, no more deals to be had unfortunately.
I have purchased ten vehicles from Copart since 2016. I have always been extremely careful, and I research all of the available documentation. From a 1998 Lincoln Mark VIII (63,000 miles) for $350 to a 2007 SAAB 9 3 convertible (81,000 miles) for $1,800 and eight cars in between, all of them are now in perfect condition. If the car has the "D" and "R" on the listing, that generally means it Runs and Drives and is a Donation. I got a 1985 Oldsmobile Toronado ("D/R") with 64,000 miles in mint condition for $675. Lately, the prices have been outrageous, so I am holding back for a while. In California the DMV adds $50 to register a salvage title vehicle, as long as you perform a smog test and light safety test. The best cars to buy are Pontiac Bonnevilles and Buick LeSabres and Park Avenues with the GM 3800 V6. And, yes, I never bought TMU, Parts Only or Junk Titles!
They have bots who jack the prices up now so they sell for more should be highly illegal.
you are honest and you are help people stay away from corporate crooks.
Great video Lucky. My first 6 cars were salvage titles. My sister and brother in law owned a body shop and a frame machine. I went with him to pick up 2 of them from auction as a teenager. Lots of good info here!
Did you have high insurance because it was salvaged? How do I avoid that?
I like you man you seem really serious and in to business, I am new on all of that and tryin to figureout how to flip clean title cars , thanks btw
I hear experience coming out this gentleman's mouth. Thank you for sharing all the cons and giving your honest opinion.
Thanks for watching!
@@LuckyLopez777 Is it cost effective to buy one of these cars for your personal car and get a body shop to fix it up?
@@strawdemindset it is but I recommend you be very experienced because a lot of people look at stuff and think it’s not that bad and it winds up being the worst type of repairs and then when you take it to the shop a few bad miss judgment calls on cars and you could Wayover spend. So I don’t really recommend it for people that are just giving an industry and I recommend you have a shop not take it to somebody else’s shop it’s all about control and costs
@@LuckyLopez777 Hmm okay, I understand what your saying. Keeping it under budget is the biggest issue after purchase .... been researching prices and availability of the parts. Surprised by how much airbags cost.
@@strawdemindset You’re going to need a auto repair license or a body shop license and start setting up accounts with local and national wrecking yards that’s what I do we search for all the car parts online so within like 20 minutes we can have an estimate of how much everything is gonna cost
good info been rebuilding salvage for 40 years you did a great job explaining to most please let them know when buying used not to remove decal with vin on them it is needed for reinspection
This is great!!! It happens too much here in Chicago, IL with these small car shops and small dealerships:/
this Chanel is just pure gold, I got few years in the business in different areas, this dude knows what he said
thanks I appreciate that
Ever since IAAI went online only on bidding and not allowing you to see the car in person, that’s when their scamming really went bananas.
i agree with that.
truth 100% I used to get deals every single week. now is like once a month 😄
They have bots who up the bids and now you just waste money on deposit and initial fees so loose loose situation
That’s amazing content! Always Watching with Great interest! Great job
Hey man thanks for the info, I’m not interested in starting a dealership only buying a project truck hopefully it all goes well
Invaluable! You're a wealthy of knowledge! Thank you!
Just subscribed and liked it man! Im from Las Vegas ! Lets go! looking forward to watch more of your vids..
Lucky, thanks for great info 👍...good points to consider before bidding.
thanks for watching
You are awesome and you giving the best advice keep it up sir you are great
Thank you, I will 😁
Bro this video was dope. Your good at this. Good at breaking it down too. Dope bro 💪
Man this vid was soooo helpful. NOt only did I learn about the austion stuff, it taught me about what happened when I got in a major wreck last yr. It wa a Genesis and was basically balled up but I walked out with a couple cracked ribs and a small cut. Makes sense the way you explained it.
Thanks for the knowledge very helpful stuff..
THIS VIDEO IS GOLD.....THANK YOU SIR.
Thank you for all the information.
Thanks you for the comment. 😁👍
In the beginning of the video you asked for the subscription and I was like NOPE, you haven't earned that. Well now that the video is over I Stand Corrected. Thank you for sharing so much good information so clearly. You definitely did a Great Job and Earned the LIke and Sub.
thanks for Subscribing 😁👍
Allways learning things lucky thanks for that 😊
Thanks 😁👍
Another great video, Lucky! If you don't have a "Too Stupid to Train" surcharge for knuckleheads like the one who was your inspiration for this video, you should now!
A video, or series, about the different kinds of vehicle Titles and how to cure defective ones would be gold. Since there is no one national organization for titling across states, that's another possible service to offer.
I’m adding it to the list
Here in California it’s very easy to register export only do it all the times. My family out in Texas will register it here drive it in Texas till tags are about expire and switch them state no problems at all
Thanks for the info! What would you say about buying Hail Damaged vehicles?
Thanks for the video whats your opinion on bio hazard vehicles ??
From IAA I only buy for personal, once in a while. Like to fix 'em up myself. Sometimes more work that expected, but not often. I only buy cars that start and run. No floods, no damaged, no exports or stuff like that.
Thank you so much
Good information you given
Thank you thymus was really helpful
Thanks for sharing your knowledge bro
Thank for watching and leaving a comment 😁👍
Great info! I'm thinking about buying a rebuilt and this video was so helpful! Thank you so much!!!
Glad it was helpful!
Great information, thank you
That is invaluable information, PLEASE add video about frame pulling too!
thanks for these important tips
So much to learn from you.
Very helpful, thank you.
Glad it was helpful!
I am a mechanic as well, trying to jump into the used car business. Following in your foot steps...
Great honest content.
thanks
I’ve gotten 2 motorcycles from them and both of them been exactly what I paid for super easy and convenient if your looking into flipping cars or bike copart defiantly makes it easy and quick to get some projects or quick flips ‼️‼️💯
Hii bro I am from india And i want to buy car from copart is it worth ?
@@stephanwolfgaming7625 defiantly worth it bro I’ve say it is easy fast and convenient
@@SBMMBOOGIE bro i want to talk you please meet me up on insta
Most of the vehicles I’ve seen from both yards are completely trashed after the listing pictures are taken. Once its listed and stored, if theres trash on the yard, the workers fill the cars with it, risking tearing up any parts that are salvageable. Then they will turn around and charge you a detail/environmental fee
Thanks for the info.
Lots of good advice, but there are a few banks that will finance salvage and tmu cars. For example, Westlake will but the bank fees will be higher and the amount financed approvals will be lower.
Great information, thank you!
Glad it was helpful!
@@LuckyLopez777 You are really a life saver. You know the car game in & out. Thanks for posting this video.
@@wisdomandlove1661 thanks 😁👍
There's no better cure for stupidity than knowledge. Instead of scaring people out of buying from salvage auctions, just inform the idiots on the do's and don'ts and it's their choice to listen or not. I've been buying from Copart and IAAI for many years and I've been very successful because I knew what to look for. And that doesnt mean that it's always been that way, buying anything sight unseen isn't always a good idea because the pictures and description can only tell you so much. So my suggestion is to only buy cars locally. That way, you can see the car in person before deciding whether it's worth bidding on it or not. If you can't find any cars worth looking at in your area, keep waiting. People are always getting into fender benders and cars always come and go from the auction. Keep waiting and don't rush your decision making process
Yeah it’s pretty crazy we tell people to stay away for me direct if they’re just starting and 90% of the new people buy everything in the overpay
Wait, you’re allowed to see the car in person before bidding? How? Please explain.
@@ppsthannon96 If you are a Copart member, you can go to any Copart location near you to inspect a vehicle of your choice as long as you follow a set of rules, and as long as the vehicle has a sale date. At IAA, you can inspect a vehicle when a preview date is determined as long as you are a registered buyer. But, the problem is that Copart requires you to have a business license to be a member, and not many random Joe Schmoes like me have that license. So, you may need to convince your broker or dealer to go to the location with you (not an easy task!)
@@ephraimkaravan the comments sections are GOLD for a potential newbie like me...thx for the insight. May look into becoming a registered buyer at IAA Houston for a nominal fee
@@ephraimkaravan I paid a small fee to my broker or some service (i forget its been a few years) and basically as far as copart knew I was an inspector for the car (but was actually the buyer going through a broker).
Every car I ever bought from Adesa, Maheim and other independent auctions needed some type of repair, so they're the same as copart and iaai in my experience. Sometimes worse because the repairs are more hidden. The only difference is most cars at those auction are clean title.
That was very helpful. I would love to get your imput when I get a lump sum of money. Do u think that I can get some vehicles there, fix them, and rent out on toro for a nice side hustle? Would u mind me paying u for advice, and your expert input?
Glad I found your channel, I’ll be watching…
hey, i’m thinking about buying a salvaged car from copart, and the plan is to use it for maybe a couple weeks for some fun, and then planning on selling it, what are your thoughts on this ?
I had a friend buy a car from Copart that had heavy front end damage but was listed as "starts & runs" he should have known better, he figured about $10k to fix all the front end damage, he purchased it, had it shipped to him, took him about 2 months to rebuild the front end, he was so happy, took it out for a test drive and vehicle over heated, brought it back home, had me come over to look at it the coolant was low but clean, we topped the fluid off and took it for another drive and over heated again, this time opened the radiator cap and watched bubbles come up, grabbed a pressure tester and sure enough it had a blown head gasket. He pulled the head had it sent out and head was wrapped so ended up having to buy a new head, gaskets, head bolts, etc. Could have been worse but that was an extra $5K he wasn't planning on. With all the repairs it pretty much came out to what he could have bought a non-damaged car for.
The same problem I'm facing now here in Ghana 🇬🇭 I bought a ford escape 2013 from iaai and I regretted it
Can you do a video on purchasing a BMW 528i. 2010-2014. What do I need to look for, Is it better to purchase from dealer or individual.
Thanks
Nice content
💯informative 👍🏻
Thanks 😁. Glad you enjoyed it 🙌
Good points.
Thanks 😁👍
Great video on COPART & IAA. I’ve been in the repair business for 23 year have my own shop for 12 have had my dealers license for 9 years. I don’t even buy from either.
🙋🏻♂️I’d love see video on renting cars. I’ve got a separate LLC set up. Just need to take action.
Where do you buy from the cars. I’m in Minnesota. I’m interested it
I can't smash the like button until i see what the video is about. That is like Tipping for food before you try it.
love the vid and now im ready to get my first car from copart thx!
Good luck! 😁👍
Hey what’s a good car to part out and just scrap if your not looking to resell
Very informative video
I’m a new to the market used car dealer. Are the TitleMax repossessions worth buying from IAAI?
Good info man
Glad it was helpful!
Great info👍
Glad it was helpful!
Hey boss, question what are the best cars to buy salvage or clean title that are an easy flip or quick flip?thanx
Vw beetles, easy to flip. Watchem swing like a turtle on their back.
What about buying just clear title 1-3k auction cars from IAAI? Would you recommed? Theres a dealer I know that reccomended IAAI and he mostly only buys online through them and only gets clean titles and not salvaged, etc. Said he does pretty good. Any thoughts? thanks for the video and info.
They dont want to tell ppl thats the way to go. Clean title. Minor damage. No problem
Can I dirve the salvage title car after I fix it to take it to DMV for inspection? If not then how can I get the temporary plate so I can get the inspection done?
how much is pick up do you pay them to drop off car or do you go get it? and if so how much?
Please can you make a video at the auction and how you check them out? Thanks
Good stuff man
Thanks
Which website you prefer to buy cars any suggestions thanks?😊
I like your watch what is the name of that watch, thank for the info about coparts or IAAI
Do you mind sharing which banks will finance salvage title vehicles?
excellent informative video I was concidering a 03 chevy express from private seller, it had 321K miles the seller actuelly talked me out of it, 2 weeks later I see the same van for sale on fakebook advertised w/ 120K miles at 3 times the price, isn't it illegall to change chevy guage clusters basicelly rolling back mileage. or is there a loophole where a van thiis old has exempt mileage all this in Atlanta,GA.
also can't all GM cars even w/out a battery can press a button on the dash to retrieve exact mileage? thanks for advice.
Unfortunately the only way to recover the mileage is through the computer and most times people delete that or they just swap out the gauge cluster
I thought this was click bait but this is really good info, thank you
Good content.
Great ideas! would be excellent to modify cars to electric or new types of combustion
Ya, steam engines...new types of combustion...😂
The problem with most cars in the auction is that many will overbid on these vehicles to the point that by the time the vehicle is fully fixed it will have a similar value to a car that would be clean title not worth the hastle on many vehicles. Profit margins on a lot of auction/salvage cars have gotten very slim lately due to banks nolonger providing loans on salvage title vehicles.
great video👍
Good info, what if one is looking at these companies for one’s self not to resale?
Nice information
Lucky, I've got a lot of salvage cars bought from IAA on our lot. Are you able to give advice on how to sell those vehicles or possibly make a video about it?
Yes Im making a Video Now :)
@@LuckyLopez777 Can't wait. Thanks!
The best tip for salvage buyers. Pre-bid your car a reasonable amount and don't watch the auction.
the are kicking off Pre bids now. they did it to me 2 times this week. everytime the make a new announcement
@@LuckyLopez777 at copart and iaai..I usually do it because it prevents me from watching the auction and over paying.
Roughly how much should I pay for a rebuilt title 2018 Nissan Rougue Midnight? So glad I found your channel. Great video. Thank you for sharing.
find out how much the car would cost if it was unused and then make it 1/3-1/4 of the cost and you’d probably have it
I dunno. I love copart cars as track cars lol. No title needed, some are in good running condition and just pull the frame, slap some junkyard panels back on and we are good to hit the track with new pads rotors, fluid haha
Looking forward to the new content.
Thanks :)
My Chevrolet truck has a bunch of scratches and lil dents like someone hit with there fist in different areas it’s a 2019 high country black 56k miles clean it’s just gotten vandalized by jealously ANY IDEAS on how to get my insurance to cover this
So question what if you were just looking for a vehicle for certain parts. Is it worth it then? I’m looking for a cheaper option for an engine swap v6 to v8 is that a good way to go about it or no?
yes we do that alot we bought a wrecked dodge charger for $4400. the junk yard wanted $3500 just for the motor so now we can use the motor and sell the cats and have extra transmission and other parts 👍
Thank you!
You're welcome!
How about purchasing cars solely for parts and export purposes? Would that turn everything you advised against into a fantastic deal?
i KNOW IN MY STATE THEY MAKE YOU CHECK THE BOX MILEAGE EXCEEDS MECHANICAL LIMITS UNKNOWN MILEAGE THEY MAKE YOU CHECK BOTH BOXES ON TITLE
Preciate this
Hello I wish I found this video sooner, after my friend showed me his Copart car I decided to buy a copart car... It comes with a PA CERT OF SALVAGE-FORMERLY ABAND and im out in mass, is a cert of salvage just a salvage title? I don't understand will I be able to retitle it out in mass or did i just burn myself on $7k. would greatly appreciate the help man. thanks.!
What broker do you recommend for IAAI? It looks like there are alot of brokers for Copart but not so many for IAAI. I'm looking at buying a vehicle in South Dakota which requires a dealer license/broker.
i agree. san diego here. any brokers out here?
How much on average does a car dealer charge someone to go bid for you at iaa or Copart or can anyone go without a license?
Was looking at buying a truck at the Vegas copart for personal use. Thanks for all the info 👍
Any time!
What type insurance can you get on a rebuilt car?
Do all cars from copart need to be inspected before registering? And if so where can you have it inspected. Usually buy cars from local auctions new to this
There should be a 3rd party in place that you can pay to inspect the vehicles especially since alot of people can’t view the cars they’re buying. Clear title only for me and run and drive with minor dents and scratches .. no salvage or anything else.
I was looking at a flood car with a salvage title on copart any tips?