5 Biggest Mistakes and Scams When Buying Salvage Cars from Copart and IAA Insurance Salvage Auctions
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- เผยแพร่เมื่อ 28 พ.ค. 2024
- In this video I discuss 5 most common and costly mistakes that you can make when buying a salvage car, especially if you are a beginner.. Please make sure you watch it BEFORE buying your first rebuild project and save THOUSANDS!
A lot of people know that buying a salvage car with minor damage is one of the best ways to save thousands of dollars on your next car.. If you decide to buy your car from Copart or IAA salvage auctions you MUST know and avoid these 5 very common mistakes that might cost you a fortune! Unfortunately, Copart and IAA scams are very common..
The most expensive mistake you can make when buying a salvage car from Copart or Insurance Auto Auctions (IAA) is what I call a "dealer scam" - buying a car that was "doctored up" to look like it has minor damage but in reality is a money pit hiding A LOT of damage..
Also, don't forget about auction fees, always pay attention to the paperwork and never underestimate the costs of repairs!
If you like this type of content please consider subscribing to our FREE Facebook group called "Salvage Secrets!" The link is below..
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1. Never buy a dealer car 2. Pay attention to the Paperwork, make sure it can be registered. 3. Don't buy cars sight unseen. 4. Don't underestimate the cost of repairs 5. Don't go over budget or get in a bidding wars, other cars will become available. Thanks for your tips I am going to start rebuilding cars soon.
Do You Have Mechanic Background? I Want To Do The Same But Never Worked On Cars Before
@@Bam-Ba-Lam im not a mechanic or anything but you have to start somewhere mechanics dont suddenly get what to do of you know what I mean , but most likely you'll need to buy a lot of tools
What would impede you from being able to register a salvaged vehicle? Thinking of purchasing one but it seems to be just the interior missing
J Smith Depending on your state, some insurance companies refuse to insure salvage title vehicles. You could title wash the car if you knew someone in another state, however that’s a process.
yOJunnzhy I’m not a mechanic, but I do know a lot about fixing cars after years of doing this.. It all comes with experience. I would recommend to find a shop you can trust to do the work for you in the beginning.. And don’t get involved in big repair projects.. start with something simple. Good luck!
6. Don't forget Copart's fees when you are working out your buying budget
How much are the fees
@@emeraldpk8570 depends on the cost of the car but lets say the car cost 1200. you will pay between 400 and 450 on fees on top of the 1200 for the car
The fees will eventually bite you in the rear end if you don't pay attention.
Copart sure does like to f**k you
Remember to include tax, title, and registration fees. It can be another $200 to $300.
You should also include an estimate of the number of hours it takes to repair. You should pay yourself at least $20 an hour. This includes the time it takes to pick up the car and clean it up.
Thanks for the vid! I bought an LR3 with a cooked engine, nothing else wrong with it. Bought a used engine slipped it in and took it to the DMV in my state. I pointed out the export only on the title, I did not understand it at the time. They did a little research, made a couple calls and said that isn't a problem. Almost10 years later, its still going strong.
Great video. This guy tries to do things the honest way. I can't believe a dealer would "sorta" repair a car just to pass the rest of the headaches along to someone else. But then again,that's a car dealer for ya.
you said some good stuff!! I bought a car last year thinking it only had minor front end damage. I got the car home and called around for parts only to find out the headlights were $300-400 a peice alone! plus other front end parts that cost as well.
1. Rule. The damage is always worse than the photos.
2. Paintwork is expensive! Sometimes more than mechanical.
I really don't know how to thank you for the information you have provided.
This was so helpful. Thanks a million times
Another amazing video. I watch everything you put out. Incredible insight you literally can't pay for... I've been messing around on copart but after watching your stuff realize how many things I was doing wrong. Ty!
Thank you for a very informative video. I was looking at a car to buy for personal use that had a salvage title. The Carfax report showed it had been "laundered" several times over the last 5 years. It was now being sold by a dealer. Your video convinced me to run, not walk, from that car!
This is one of the most useful videos about car auctions on TH-cam. Thank you for sharing your thoughts!
I have just recently started watching your videos. Very honest and informative. Thank You
Discipline, Discipline, and then more discipline. Great video...
I love your imdept analysis on how to buy salvage car and it was professionally done with experience. Thanks a lot.
Great video! Thanks for your help and time on this! Cheers
Exactly the video I was looking for. Looking forward to more of your videos.
Wow number #1 really surprised me. I cant believe that copart would let someone do that.
Thanks for the info! Subscribed, good content.
Great advice!! Thanks so much!!
Awesome information. Thanks and keep going
Great video, thank you for educating us on the tricks used by scam dealers at auctions
Great tips as usual, well done and entertaining!
Sergey Khaladzinski Thank you !
Amazing info, thanks man!
Just found your site it's very informative,Peace out from Britain
Great video Andres, thanks for the detailed information. Appreciate your experience.
Thank you for these important tips. Glad I found your YT channel.
I have been looking for this kind of video for a long time. Lots of information.
Very informative. Enjoyed. Thank you.
This guy is good one of the best on point information compared to others
Thanks for exposing these scam artists Andre, you will save innocent buyers millions of dollars my friend !! I have noticed that IAA will classify trashed cars as RUN and DRIVE if the engine starts even when you can see that the car will not drive ! Be careful.
Unbelievable!!! Thanks for the tip!
Thank you for the information. Very much appreciated.
Bro, this is great information. Thank You
Great video very informative.
Thank you, I’ve done 7 rebuilds. I didn’t know about the inspection services. Thanks so much.
Would this be a good business i never had a salvage vechiel would it be more profitable then a used car lot
Thanks for sharing this tips very helpful
good and honest review 👌👌👌🙏🙏 all the best
You the man! Great video.
Very helpful video, thanks
Very informative 👏
Thank you bro for this information. I'm looking to purchase a salvaged car to drive, not re-sell, and this information is great. Thanks.
God richly bless you man. This is deep bro
Thanks bro, never thought of some of those red flags.
Omg thank you for this post!!!!
The problem with cars today is that they are all plastic and the covers "cover up" everything behind it. Old metal cars can't be easily covered up.
Sucks to suck
I've heard a lot of stories about people getting amazing deals on salvage titles with minor damage so I thought I'd see what's what. Glad I decided to do a bit of research and thanks for the very informative video, it seems the grass isn't as green as I though at first.
It's all gravy if one lives close to a lot to freely view them-shop around but the problem is for most of us this is not the case. I used to have a huge lot super close to me and it was ez mode then but co-part bought them out and then moved out of the area 😒🤣 It was fun while it lasted I guess because I'm unwilling to buy them sight unseen and not willing to travel many hours now just to check one out... let alone pay for shipping etc.
Awesome Vid - subscribed
Bro you are a art in teaching!
Thank you! Nice job, save us money and b.s.!
Андрей спасибо тебе
Really good help and lots of information
Especially for me as a beginner
Definitely subscribed
Andrei......this video is becoming aged, but the advice is still very good and timeless. The more I read reviews of people's experiences with Coparts/IAA or the brokers, the more weary I am of dealing with any of these people, even though there is a car I really want to buy as a project car. It is in another state. The info about inspectors is good.
Great video
VERY GOOD VIDEO!!! IT'S A SHAME THAT COPART ALLOWS THAT TO HAPPEN. COPART WAS A VERY GOOD AUCTION IN THE 80'S AND 90'S. JUST THE FEES THEY CHARGE SHOULD LET YOU KNOW THEY DON'T CARE IF YOU GET SCREWED. THEY DO VIRTUAL BIDDING AND NO MORE LIVE AUCTIONS. IT'S CHEAPER FOR THE AUCTION. LESS EMPLOYEES. BIG SCAM.
I hate Copart. Every time I go there, they hustle me
Wow, this video have help me so much
Thank you for good information. How to distinguish whether the dealer or not?
this is an eye opening video
thank you so much for this info i am new and been looking at videos trying to figure out whats right and whats wrong watching your video covered many of my questions thank you millions
I'm glad I was able to help! Let me know what other questions you might have and I'll try my best to answer them..
SalvageSecrets I am thinking about buying exotic cars only fix and sell them I’m worried about salvage title people not willing to pay for them specially being salvage title
Also the main question is let’s say Ferrari 488 brand new is 250k let’s say and I get same car for 110k and I spend 20k I’m in it for 130k the difference is 70k I’m think what profit you’ll make for salvage title car vs clean title hope you understand what I am asking plz help me
You are a great person
Great videos. Very informative and very helpful to us newbies who are interested in auction vehicles. Thanks for posting!
Good info
Thanks sooo much 🤗🤗
Thanks for your videos, help me alot . You should be deserve more subscribe and views, Happy New Year !! 😀👍
not so fast notsofast... very true my freind
I subscribed!!!
Damn I appreciate u for this g. Frfr💯💯💯
You should offer car auction hunting services! I'm thinking to get a 330i with the NB48 engine, all I can find in the used car market right now are salvage vehicles from USA anyway, so no choice but to get one for myself.
He sounds Lithuanian. Really helpful & informative video, thanks.
Im from lithuania ;D he sounds more slav xd
@@normal_mf5658 Very cultured accent
@@MrBig-xc9gc i have seen worse believe me xd
I’m actually from Belarus.. but pretty close! :)
@@SalvageSecrets I am a new sub love the information you provide good luck with your channel
Hey my name is Jake, this video is really helpful. What would you recommend for someone getting started with a wholesale license? I live in the state of Texas and I’m thinking about getting started this work my day job still do this on the side. Maybe could you do a “how to get started video from home?”
Thanks Andrey
Wanted to ask if there is any program that helps me to put auto pilot ( like ebay has esnipe ?)
Bro you are damn amazing.thanks so much for the huge informations
😘😘😘😘😘😘😘😘😘😘😘😘 thanks for the info you sweetie you got a new subscriber i love you 😘😘💕
Thanks 🙏
You just saved me money!
Have you bought a New York state MV-907A car? Do you have to go back to New York state to have the car inspected after you fixed it? Thanks.
There's an online calculator that Salvage Rebuilds uk used that works out Copart fees.
Talked to this guy today. Has a 57Nomad. Body is all surface rust. Will need total rebuild. Has a motor and two transmissions to go with it. He said make him an offer, so what would be a fair offer for the both of us? Oh, original title included.
Andrey great video! Do you know some good car repairers in Belarus? I will follow ALL your advices. I am not Belarussian but I love potatoes :-) I am Russian speaking through grandmother, born in Sweden, my wife is from Latvia, right know I am in Jurmala. My class mate runs gtboard on youtube, maybe we can pull off some project off in future.
Any tips for estimating costs of repairs and parts?
What he is saying is nothing but the truth. Stay away from auction cars. I bought a car that was advertised as "run and drive", "minor front end damage" for $7K after fees and shit. I got the car with all the airbags blown. lol, Front is severely damaged, they just fixed the front to cover the big accident the car had. They never mentioned anything about the airbags. After three months of trying to fix it and loosing more than $5k in renting a car to move around, I noticed the car is leaking oil and mechanic found out a big ass crack under the engine and needed to replace the engine with about $3k. lol Plus other problems I noticed, like the radio not working, the side power window not working, the shocks shaking and wheels off center. Man I could have bought a good fairly used car with all the money I wasted! I don't regret it. It is an unforgettable life lesson that I will never let any of my lineage make.
Your English is good.
what do you expect shopping from crooked people, narkies , sociopaths and pyschopaths! good video informative!
generally the only vehicles i buy are off road screw registration ....or buy motors for "offvechs"
edit i consider the body a blanket to cover faults! look at the front end very carefully rear end damage is different!
I have a question ? I hope 🙏 you could answer with your expertise. If a carfax still says that a car with a rebuilt title bc of theft and tmu(total mileage unknown) still has 40 months of warranty, does that warranty still apply?
what about a front wrecked car for 2.600? (bmw m4) that a scam?
How can I use AAA tow to get a car out of auction yard? What's the cheapest way to do that?
Hi, do you assist buying car from auction usa ?
Just cause it has obvious damage doesnt mean it wasnt tinkered with, won a lexus, they removed the dash screen and seats and replaced with a screen from a hybrid car and seats off a car that had well over 100k miles of wear (the lexus only had 45k miles)
Maryland don't accept New York titles for salvage cars,.
that should be illegal but thx a million for the heads-up
If you enjoyed this video please join our FREE private Facebook group called Salvage Secrets here: bit.ly/34uQBr8 for more!
I usually go Live in the group every week and discuss everything you need to know to buy and sell salvage cars profitably.
You can ask me questions too! Thanks for watching.
@Jett Briar instablaster =)
I only buy clean title cars if an insurance company is the seller and I go and physically inspect it first.
Why are the "Dents and dings" cars salvaged titles? I can't understand this unless it has something to do with recalls?
Worst choice made: bourht a bmw 328 xi 2010 with salvage and pictures showed cool and good to repair and wala over 5k to repair. Hate they way you get screwed by this companies 😡
Brooooo i was literary about to buy a 907A !!!
Hi, can I register NY 907A salvage in California? Thank you!
I'm actually looking into doing this. So would it be safer to buy from an insurance company than a dealer if it lists the seller?
Absolutely!
Which auction does have good salvage
Im lookin for one that looks really bad to work on, newer etc but one that no one wants to touch so i can get it cheap, i dont even look at the ones with small damage, everyone wants those and the odds of getting it cheap suck, plus they have the rteserves on those etc.. im just not interested in those.
im want one i can get for under 5k, thats a 2018 or newer and extremly fucked up, like a head on collision
Very interesting video.
I understand u are usa
Any info for cars from copart uk.
Many thanks
Same shitt :)
Can a PA salvage title car get the rebuild title ?
what about estimated repair cost
The real mistake #1: Living in a state where you are required to buy parts from the dealership
What state is that ? Everything from china
NY state..you have to buy airbags from the dealer
Wouldnt they have to install said bags too ? Reset AB codes?
the shop can install them, but they have to be purchased at the dealer
You mean car from a dealer?
I don't think it's worth it these crash cars never drive the same after crashes, besides you can get a lower year for the same price you probably gonna pay for the car plus the rebuild.