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At least I try to.

That I couldn’t tell you - I can only speak for Texas residents. Since you’re a LA resident you’ll have to find out what the process is there for getting a title. Appreciate you watching.

I don’t know what state you’re in so it’s difficult to advise you. States and reporting agencies vary greatly from state to state. Appreciate you watching my stuff.

You know, I keep telling people that!

Much appreciated!

That’s great. How did you come to the conclusion that 25% is “reasonable” - did you know that the industry standard is more like 50%?

@@buxtonautosales if the shop knows what they are doing then they are buying part brands that are less likely to fail. Therefore, the failure rate of total parts installed should be no more than 10% at the most. Which means, at a 25% markup on all parts with a generous 10% failure rate, the shop should be making a hefty profit on parts. Any more than that, then the shop is price gouging or the shop doesn’t know what they are doing. So, I have set my personal threshold at 25%. Any more than that, I will simply do the job myself.

If it’s a Texas title and it’s blue you have a rebuilt title. Yes, those you can register. Salvage titles are pink in Texas.

Yeah I believe the industry standard is more like 50% so I think you’re being pretty fair. We use Mitchell 1 and I think their default markup is like 45% which is what I use.

That’s great. It’s meant to be a stepping stone not a life style. Glad you got out of it!

The full video is on our channel just go to our channel it’s there. I thought I’d linked it to the video but maybe not.

I’m gonna guess you left this message on my website as well. No, front doesn’t need to be signed. You will sign your name and provide a letterhead or business card to show that you’re a representative of the company. Thanks for watching.

I appreciate your feedback and thanks for watching and all. I’m still sorting things, figuring things out, etc in an effort to grow the channel and actually make it a viable revenue stream. I definitely could have picked better colors.

They don’t ask for proof - your proof is the title in your hand. If you’re wondering for tax purposes you get taxed on the sales amount you claim it was or presumptive tax value whichever is higher.

@ thank you so much! A friend is purchasing the car and doesn’t currently have insurance how should we go about that and what papers should we fill out? You are the best ✨

@ it’s just the title and the application for title Texas form 130-u. The car, if you’re in an emissions county, will need an inspection prior to registration as well as proof of insurance for the inspection and registration.

@ Appreciate the help thank you. Let’s say if the previous owner had the inspection about 2 months prior to sale/transfer and registered it during that time will the new owner need to register it again?

@ if the inspection was less than 90 days before the sale no. And I believe the new owner can keep that registration and just pay at renewal, but im a car dealer so I have to get new plates for people. You could call your local tax office to confirm.

Correct. Thats part of what that mark up pays for. Thanks for watching.

Just go to our channel and I believe the video is titled “how auto repair shops make money” - I thought I’d linked that video to this short but heck, I’m still on the learning curve! Appreciate you watching.

Yeah well preserved ones still bring good money. Thanks for watching!

Yeah I actually do more cash sales than note sales.

Thanks for watching!

Thanks!

Yeah I’m happy the TH-cam revenue has been increasing. I didn’t have much time to film in December so it’s slacked off some but I have some good ideas to film coming up soon.

Oh really? What part? You always have something negative to say about my videos but yet you watch them. I appreciate that.

Then you would need to do whatever the bonded title process is for LA if they have one. This process is for Texas residents only.

Thanks for watching!

I would agree! Thanks for watching.

Well if the lien is less than 10 years old the bonding company has to verify the lien is paid. If it is not they won’t write the bond. You may have to pay the title loan off, they won’t give you the title but they’ll give you a release of lien and you can get the bonded title at that point.

Hey thank you! Merry Christmas to you too! Appreciate you watching.

Thanks for watching! The bonded title thing has been great for me. Only the one ever went bad.

Actually the state of Texas does not require the signature on the front. It’s stated in the Texas Title Manual. Appreciate you watching the video!

@@buxtonautosales I could see a bean counter giving people a hard time about the signature. Also what about the section "Name of Purchaser" and address, also not required?

@ well, the bean counters would be county employees who who do the title transfers all day every day. Did you watch the video? There’s an image of the back of the title that’s highlighted in yellow for buyer and pink for seller and the video explains how to fill it out.

Isn’t that the truth!

Man, no BS. just watch.

I’m telling you. Just watch. I’m smarter than I look.

Yeah, they do.

They have other options. They can save their money and buy something. They can ride to work with a friend. They can come to the country legally, get a social security number, and then get a first time buyer program car. There are always options.

The sellers signature isn’t really required on the application for title. If you can get one great burning not, it is what it is.

@@buxtonautosales Thank you a lot. I have just one question. For someone who is going to register & title, in the section (For a corrected title or registration, check reason:) what should I chose ?

@@adamboujouf5133what are you correcting? If you are taking it from a salvage title to a rebuilt title that isn’t a correction. It’s a new title that can be used to drive on the road. A salvage title can not be.

So nice of you to watch my video and leave me a comment. I've got a lot of behind the scenes type videos on a playlist if you're into flipping cars or just want to see what it's like working as a used car dealer. Thanks again!

Hi - Thanks for the question. So marketplace probably brings in 50-60% of my sales from new customers. Craigslist maybe 25%. Then I am blessed that I get calls every week with "I don't see much on your website do you have anything almost ready?" - so I bet a quarter of my cars never hit the website at all. And I get a lot of referrals. A lot of my cars don't make it a week so I don't have to delete and repost. The ones that do I may hit the relist button once but then if they don't go I take them down Friday night (I'm not open on the weekends) and I put them back up on Sunday afternoon, always rewriting the description and putting the pics in a different order. Thanks for the comment!

@@buxtonautosales I will have to try craigslist again. Seemed like it was kind of died in my area. But thanks for your reply. One other question about titles in Texas. Is it very easy for you just to get a duplicate title from state with out doing a bonded title? In Illinois a duplicate title is fairly easy to get.

@@us7sfg1 Yeah if the car was registered in their name then it's a one page form I can mail in with $2.00 and I can get a title. But what happens frequently is that people sell a car, the buyer doesn't go do a transfer, and then loses the title. Then maybe sells the car again. All that to say most of the "no title" cars I buy has changed hands several times and you can't locate the person on the front of the title.

@@TomGriffin-vv6ex Thanks for the reply, I will have to catch up on your older videos. I think we have very similar dealerships. Keep up the good work and have a happy holiday season.

@ you too my man. Reach out whenever!

Sorry you feel that way. Thanks for the watch and the comment. I’m in Texas we have bonded titles. I’ve got several videos on it if you’d like to see how that bull shit works.

@@buxtonautosales You never truly own a car with a bonded title - Most insurance underwriters will not touch them - no bank will loan on them - salvage title vehicles or bonded title vehicles are the bottom of the barrel scrapings of the car market - they are only worth minute fractions of what similar vehicles with clear titles are worth - dealing with the dregs of humanity like your drug soaked people you mention is hazardous to your well being - I wouldn't touch any of deals for any reason, but what do I know - I have only owned a few hundred collector cars....

Man a few hundred? That's awesome. Where my target audience and vehicles are is not what you're collecting. These are basic A to B transportation, folks looking for $3000-6000 cars they can pay cash for. In Texas the Bonded branding comes off after 3 years. It might not be the car YOU are looking for but I've only sold a couple hundred of them and I know you can make money with it. Appreciate your feedback and comments.

Nope. We tell people what our labor rate is and that they’d need to pay the difference.

Appreciate you watching and commenting. Really helps me grow my channel. I’ve got a playlist of behind the scenes at a car lot you may like. Thanks again!

Thanks for watching and the comment! Appreciate the support! My behind the scenes of a car lot playlist has a lot of that type of stuff.

I did for a long time until I became a dealer. You’ll probably be fine. It just takes that one pissed off buyer that feels you cheated him. But there’s so many people with a burner phone and a different Facebook account every week you’re probably safe.

If you don’t have a dealer license you pay your tax. Thats part of the cost of flipping cars with no license. You don’t have to pay for a registration you can just get a title that will save you a few bucks. Is what it is my man. Part of the cost of doing business if you’re not a dealer.

When you first purchase a car to flip it doesn't hurt to ask the seller put a lower amount down for the purchasing price to save you a little money on taxes. I don't think😗 I mean heard of anyone saying no. If you are paying $1,000 ask them to put $400 or $500. At least that's what a friend told me 😉

@@mattm2684 Thank you 😊

@@buxtonautosales Thank you

Well, lying about the tax is a felony. And if you’re in Texas you get taxed on presumptive value or purchase price whichever is higher. They started that because of all the people claiming they paid no money for the car.

If you bought it from copart and they put it in your name you’ve already been taxed so when you convert it to a rebuilt title you’ll pay the title fee, the conversion fee of $65, and you’ll pay for license plates. Appreciate you watching my video!

@@buxtonautosales Thank you so so so much SIR. God bless you. marry Christmas. to you and your family.

Appreciate the watch and the comment as always! I’m still a work in progress the editing, the microphone, all that stuff. And it’s still hit and miss as to if the content gets watched. Still learning. And Merry Christmas to you as well. We are done shopping and ready early for once!

🤷🏻‍♂️

Yeah I get that. I owned 5 houses at one time and only one of them was actually listed with a realtor. You have to hunt where no one else is to find the bargain. Appreciate you watching and your comment!

Honestly I didn’t even buff it! I washed the door jams by hand and then did the drive through car wash a couple times. I’ve got a monthly plan. Put a little shiny stuff on the wheels. And it was good to go! Thanks for watching appreciate the comment!

Thanks for the watch and the comment. The channel has seen some really good growth for me this past two months or so. I’m hoping to break $1000 in revenue from it for December. We will see!

Appreciate that, thanks for watching!

@@buxtonautosales have a nice day