How to Buy Bank Repos at Copart without a dealers license
ฝัง
- เผยแพร่เมื่อ 30 ก.ย. 2024
- How to Buy Bank Repos at Copart without a dealers license
www.copart.com...
Book a Consulting call with Lucky
Sign Up for Our Online Community
automotivelife...
Contact me at Lucky@Automotivelife.com
Text Only!!!! 24/7 702-550-7447 Text Only!!!!
Visit Our Website for Online Courses & Consulting
www.Automotive...
IG 📷: / luckylopez
FB: / automotive-life-207241...
FB Group : / 902062033615916book a
Copart had like 100 Fees! They even charge you for “take a 💩 Fee” 🤨
That’s extra 💰💰💰
The fees are listed on their site.
Before buying make sure you check them out. Got a 2012 BMW 328i for 2,900.
Total cost to drive it off lot was 4,100. Over 1,100 in fees and tax. But car was worth 10,000.
😂😂😂💩No poop 💩 😂
@@wootuser no, if it was worth $10K it would have been bid up to $8k
@@wootuserhow is over $1,100 fees which is 40% of what you paid for the car is a good thing ?
Tell Copart to get rid of their junk fees. Gate fee, internet fee, fee for anything they can think of.
They are different on the copart select
@@LuckyLopez777same garbage fees
They prob have a Take a 💩 fee too
we get it copart feed him dinner today😊
When does the discount expire on Copart select?
First problem is looking at repo cars. I worked at a bank in the credit department some years ago, and part of my job was repossessing cars. I can remember one, just one, that was a voluntary repo and not completely trashed. A cheap repo is the most expensive used car you will buy, no matter how you get it.
I tried the Copart route before. Wasted about $200 on a year subscription. Once I calculated in the amount I was going to pay for transportation for the vehicle, to pay the guy to bid (cause most auctions require a broker) and CoPart's other fees on top of it, it was the same cost as it would be to just get it from a used dealer.
Try RunBuggy
@@LuckyLopez777what's run buggy 🤔
You must be bad at it then. I did it for about 5 years (I was limited to buy 3 per yr since I wasn’t a business) and I did very well. Patience is key and knowing what cars are good (costs, repairs). If you know how to buy. You should be spending about 30-50% of the cars clean title value after it’s repaired.
@@Mr420_Bookbagg
Get off the bong and get on Google.
Provide your own transportation.. don’t use theirs.
Took your advice and went to a Catholic charity auction. Couldn't find a Ferrari or a Lambo at all. 🙂
Maybe next time 😁👍
Repo cars: People don't have the car payment, they will most certainly skimp on the oil changes.
Trade ins: Lemons that people take to the dealer and trade to get out of the recurring repair bills.
Charity: real old car from the old lady or old man who passed away.
No Key: Run away. Banks and Title loan companies do make keys for the car, it adds value. Saw the mobile locksmith at IAAI Friday making keys. If it doesn't have a key they are hiding something.
Best cars in my opinion are rear crashes. Nice cars that were at the wrong place at the wrong time. Great engine, Trans and interior.
I find rear damage vehicles to be the best too, but they are a pain to sell because they are often totaled out by insurance 😔
sounds like you should have your own channel as you know more than bucky does.
This is soo true, I bought a repo from copart. Didn’t have a R or E or S. I didn’t notice till I already won the bid because I usually filter for run and drive cars only. Ended up finding out the car was not starting and the engine was locked cause last owner ran it with no oil.
So….you are an optimist then
Copart:
All cars need some work, if you are expecting the keys then drive off then you should not be buying from copart.
Always look at carfax/ Autocheck.
Repo: Look at carfax/Car check and see when last maintenance was. Also, likely missing its keys when car was picked up and may have some small front/rear damage.
Trade ins: Not always bad, maybe person didn't like the Hellcat and wanted a BMW.
Charity: Depends on asking price. Many people give away decent cars.
No Keys: Doesn't mean anything, maybe car was repo'd or keys were lost/ But, you will need the keys to start it and the title/registration if you need a new key fob from the dealer/locksmith.
Copart is not a dealer in a sense that they will sell you a perfect car.
COPART is a scam mostly and not for beginners. You will most likely overpay and get a car full of issues. Very few good cars there. Beware.
Thanks for telling me 😢
That's true, for new buyer or second car buyer all this thing is a hassle. Car market is about to crash. Better have cash on hand and buy to owner directly.
Also often title issues.
Lucky needs to buy one, break down the fees, go around the vehicle inside and out, fix it up to sellable condition, break down the parts & labor, sell the vehicle, break down the total time / profit.
This is how it should be done. Not just "this is how you do it" but instead "I'm gonna do it so you can see how easy it is"
Agreed. This is just in infomercial for Copart, the most grossly overpriced way to buy a car.
I gave my wife a lucky lopez the other night and she went wild !!!!!
If the previous owner of the car couldn’t afford the payment, most certainly the car maintenance and repairs were neglected too.
You cannot buy a repo vehicle from a bank they would rather throw them to auctions checked with USAA they have quit selling to their members along with my CU
I buy from banks. You just have to build a relationship with them
Sponsored 🤦🏿♂️ F Copart! They sold a friend of mine a car with no engine! Even though the photos said otherwise
why isn't your friend suing them?
@@GreenCanvasInteriorscape it will cost more in legal fees than what you lost.
COPART is NOT for beginners!!!.. The F....Fees eat ALL the savings. I bought a car for $1k ,the fees are close to $1k . Total payment was $1900.
What car did u buy?
Figure out your shipping before buying from Copart. They charge stupidly high rates for storage.
Use runbuggy
Great info. Catholic charities is a hidden gem. And those pawn shops
Facts!!! $$$$
If you’re not there to inspect the vehicle that gem may be a pebble.
Besides copart, some tow yards sell repoed cars for cheap. It doesn't hurt to check those out too.
The box of doughnuts was always my go too trick for whatever company i represented until i started my own company , i drove otr semi , i used them tricks at recievers and shippers used company hats and t shirts too , imagine my fleet managers surprise when he went to represent our company at a ford plant and half the employess are wearing our shirts and hats , i gotta atta boy for that one ,also when i drove a tow truck for someone else , i promoted whoever i worked for , to help them make more , hoping it would trickle down , or at least keep them going ..you don't find employees like that , they find you ..
Only yellow liquid trickles down
So true ...😂@@LongDefiant
Those 2016 through 2020 GM trucks have big problems with the lifters around 80K to 100K miles. The Variable Valve Timing gimmick falls apart & it's a major hassle to have them fixed.
Thanks for sharing
It’s the cylinder shutdown that’s a huge issue on them. Delete that and you have a great LS again
@@BC_CARS Indeed.
@@BC_CARS The problem is you need to pull the heads and reprogram the ECM to get there. A labor intensive endeavor.
@@MARYLIKESREVVING I thought I remembered hearing about an in-line plugin component that helped bypass this need to pull the heads.
When the condition report says 3.2 you can be assured it's a 2.
It’s a solid 1.8 lol
You sure it isn’t 0.8?😂😂🤣🤣
Copart SUCKS! Horrible customer service, doctored up cars, inaccurate mechanical descriptions and exorbitant fees. Can still make money there but YUUUUUUUUCK!!!
Fun times lol
All the damaged goods go to Copart
Copart is hit or miss lol
To be mentioned, most of this "select" cars you are not eligible to bid on, because there is a need of license. So that means it's not open to the public, and I am talking about 95% of available cars.
Yeah, I have looked at dozens and not found one that I can bid on without a dealer's license.
To many international buyers who overpay. They allow RUSSIA 🇷🇺 to bid which is a sanctioned country. If you like dumpster diving for cars then it’s for you. Lots of shady cars. Shady auction.
Yep, way too many.
They will pay more for salvage. But repos see to be going on price
If the girl comes with it then it will really be overpriced by the time she gets done with your credit cards
$$$$ lol
I don't think she'd do that...because that would be dishonest.
Yeah she was the one that came up with the price 😂
I did the copart experiment and lost my pants doing 😂😂 they charge way too much for those cars the insurance companies try to get the most they can plus all the fees and transport end up being more expensive them just buy a used car from a private person i don't know it didn't work for me maybe if i was just keep the car but to turn a profit it's not worth it
I bought a 05 mustang for $900 @ COPART .. 4 YRS AGO...CAR BEEN GOOD .. IM STILL DRIVING IT TODAY
Bought a 07 mkz with low Mike's for $841 and rides smooth
You could not by a car there for $900. The fees alone are around $1300.
@@dimadima553 yup.tax tag and title
If you're looking for well maintained vehicles then do not buy repos. If they don't have money to make payments on the car, they also don't have any money to do any maintenance
I've bought run and drive sprinter van from copart to find out after being delivery that car is totally dead. Had to throw another 10k in it to make it run once again. NEVER will buy from these crooks again!!!
Wow learning about public notice for impound was a wake up for me 😅
Great educational video. Dealers will do the tag/title work when buying from them. Perhaps in future videos you can touch on what buyers using Copart should be aware of with regards to titling, tags, and registration stuff
The other thing with Copart is they toss around these cars like bean bags and just don't care about the buyers whatsoever. Bought a 20' Odyssey recently and the forklift guy had obliterated the bottom of it. Dealer I know later told me stories - car came in with engine disassembled, another the mileage was 300k but showed 50k on the auction.
My son in Philly needs a car for less than $5000. Something reliable to get to and from work. It’s tough out there!
Might want to get a motorcycle at that price point
@@JonathanHerz please stop making useless comments and go to sleep.
Crazy how 8 months ago he made a video to stay away from copart and iaai lol
If you dont know what your buying. but this is about repoed cars not wrecked cars lol
I saw a bit of video in your ad.
Copart seems too expensive at the end plus they have a 0- Customer support. You are on your own when you pay their membership. My account got hacked and someone i don't know was randomly bidding on cars on my behalf. I called emailed 100 times for help to investigate but never got back a SINGLE ANSWER. Al they do they will send you a $600 relisting invoice each time its happens. Stay away
Bought a runs and drives off Copart. No engine codes shown. Shipped from Ohio and when it arrived engine was bad.. be careful
Tried copart bid 1800 and was charged 2000 in fees (including delivery)
Hey luckylopez ! Great video man thanks for tips n knowledge . Question do u recommend the basic acc for 99$ or premium for 200$ plus 400$deposit for beginners
What are you talking about? Tow yards in AZ do not have to auction the cars that are left in the impound. They have to apply for a title before they can sell it or scrap it. But there's no requirement to notify the public or anything. Source: worked for a towing company.
Thank you Lucky.
You do a great presentation.
I appreciate your help and education.
A repo car would be the least desirable in my opinion. Somebody hiding from the finance company isn’t taking care of it and doing maintenance.
Do you think buying an exotic and registering it in NV and paying tax/reg here is insane compared to llc in Montana
How do you re-sell the car if the Title is not in your name?
If the owner couldn’t make the monthly payments they definitely did change the oil & basic maintenance
If the owner couldn’t make the monthly payments they definitely did change the oil & basic maintenance
why didnt you say it costs money to use copart. No wonder you are doing a video for them.
🎉🎉🎉 You’re such an honest man and I congratulate you for this. Thank you so much for sharing your knowledge and helping us out without gaining anything… When this crazy world 🌎 gets back into shape I know that you will crush it.
I still have my 2014 Toyota Camry with only 37,K miles on it. Everything is in basic good shape. I know that the value has gone up on this car in the last year. Would you mind if I contacted you to get just a little advice from you? You know that I watch all of your videos ever since the ninja did a video with you.
Have an awesome week my friend.
Blessings,Carlos ✝️🙏❤️😊🇺🇸
Thanks 🙏
You must work for this guy. 😂😂😂
@@XX-166 Thank you for your reply but actually I’ve never met or spoken with Lucy. But I know real people from the bad ones. I do hope to meet Lucky someday. Blessings,Carlos ✝️🙏❤️😊🇺🇸
@@SirCarlosMusicBMI who the hell is Lucy??? Try to keep your train on it’s tracks
@@XX-166 thank you for your reply. I obviously misspelled Lucky.
@Luckylopez777 love your videos. 1 thing I didn’t catch, after we hit “Select” go down and hit “no license required “ to see cars a non dealer can bid on. Been tracking Copart for a few months and getting ready to get my feet wet. Quick question, if I buy a car from Copart in AZ can I register/sell it in CA?
Copart purposely misleads buyers on the condition of the car and plenty of people been taking advantage
That’s why you do your research. There’s a lot of people on Copart that Mickey Mouse cars and run them back through copart . It’s a well-known thing always google the Vin number of whatever car you’re looking at and you could see it.
I thought 💭 you said never buy on line check vehicle out in person double talk
Lucky I had a question bro for a new vehicle you think paying an extra $20 on gap insurance is worth it or no? I’d like a video about this issue I was debating not getting it cause the vehicle is new but took the Gap insurance… I’m sorta stuck tho. Please help brother and also can you talk about branded title vehicles also?
I tried the Copart route before. Paid for an inspection on a car I was interested in. They sent me an inspection report on a different car. I was not happy. I was done.
Lucky, thank you so much. I really learned a lot in these 15 min.
Thanks for watching
Copart is a rip off
Nissan Muranos are plagued by totally unreliable CVT transmissions.
CVTs are shite
Bay car where you live from old people that can't drive no more, and are one owner low mileage.
Compart cars are full of mechanical problems 😢
Every used car has problems. That’s why we inspect every car
Thoroughly enjoy people whining about the fees…when dealers pay similar fees when they purchase vehicles…then they complain about doc and dealer fees when they try to buy retail 😂😂😂 there’s no pleasing yall. Then people complain when the CRs don’t say everything about the car 😂😂😂 folks us dealers deal with the same things! Bought a green light car with a blown motor and took a bath….like welcome to auto auctions 😆 The fact y’all are getting similar access to bank repos like dealers do is a blessing. Bring your scanners, do your homework, and own up to when you miss something because guess what…all dealers make mistakes in the lanes too.
Trying to get sympathy for the same guys still adding $10K ADM to high demand cars is never going to end well.
Great video! I would love to get into this business. Do you have any videos on how to get started?
Lucky told us up front this video was sponsered by Co Part.
Then he told us he didn't buy many cars from auctions. And he told us how he buys.
Then he spent 10 minutes explaining Co Parts buying system.
Not all of us have the “Donut” network. Some of us actually go to these auctions.
Typical sleazy used car salesman 😂 these TH-cam car gurus swear they different
I don’t. Buy a lot from auctions. But everyone wants to buy repos so here you go. Here is a program for regular people.
@@JJ-mh3hb thanks for the positive feedback
@@JJ-mh3hbthere’s why they call them scumbag stealerships
You don’t tell us that we have to register as a business or have a broker if we want to bid.
Great video and thanks for sharing!
Lucky, I don't know much about the auto business, but your teaching us!!
Thanks 🙏
Facts
crazy price for wrecked car! do not buy!!!
But carpart now charges a membership fee.
copart fees alone will give nosebleed
Starts with FACEBOOK BS! CLICK BAIT
Are theft vehicles a good buy?
How do you find tow yards nearby? I search online and it only shows me tow truck companies.
🤔🤔🤔🤔🤔
I typed in tow y and it auto filled tow yard auctions near me using Google maps with my location on🤔🤔🤔🤔🤔🤔🤔
Convertible murano😂
I want one so bad even though they are trash
Yea, should be ashamed taking money from them and making this video, lesson learned the hard way, one less subscriber 😢
I buy and sell cars why would i be ashamed lol. people always ask how to buy repos without a dealers licenses and this his how to do it. if you want to be negative go for it. Unsubscribe .
Easy pay a dealer 100 bucks and its easy
Well a lot of people know know to buy cars from Vegas pawn shops and title loan shops.
I buy in other states too
😄Co-part SUCKS! As a used car dealer, I would win a bid and then go to pay for it only to be told...NO DEAL! They fee you to death, and nothing is on the up, and up. They'll say the car is automatic; it's not. They'll show you a red car on -line; it's not. If you do win a bid, and they honor it you better take it out of their yard fast because things will disappear. We got better deals off the street than Co-part. At one time way back when Co-part was the spot...25 years ago.
Copart was good, "pre-covid"; they now become gritty by nickel and diming with all these unnecessary fees. You will have just as good of luck foing to a public auction that private dealers manipulate.
👀👀👀👀
$$$$
Copart uses forklifts to move cars around, damaging everything they touch.
iI SOLD MY HARLEY 210 ULTRA CLASSIC ELECTRO GLIDE TO PRO SPORTS/ CO PART FOR 2K. I PURCHASED IT IN 2011 WITH 5 K ON IT SALVAGE TITLE ROAD IT CROSS COUNTRY TWICE AND HAD 62-65 K ON IT. I ROAD IT IN THE TRUMP INAUGURATION RIDE SO I WANTED TO KEEP IT. HAD TO SELL IT AS I NEEDED THE CASH AND MARKET FOR RESALE IS TERRIBLE. CAN I BUY THIS BACK AND WHAT SHOULD I OFFER. IT COST 750 TO PICK IT UP. RON NEW JERSEY GLASSBORO COPART .
If they have been towed in by Repo Tow Truck I would avoid it. These guys destroy every vehicle they pick up.
If the girl actually came with the car, that would be terrible. That would make the vehicle outrageously over priced
Hey lucky can you help me to a jeep renegade trailhawk 2016 to 2020 on line.
My price 4 to 6k everything inclusive.
Pls let me know if can assist me .
Thank you very much
Bro talked about everything but the most important thing. ALL THE FEES!!!
Yuck face book Peace out
Fb is a nightmare but sometimes you get a good one lol
Find me a used SUV with under 20,000 miles for $ 2,000. Get back to me.
Is it made in America?
If the answer is no, then don't buy it.
Parts and labor to repair your vehicle are going to be far more expensive for any vehicle outside of the United States.
No Garentee and a salvage title! And don't even THINK of returning it. Cash too the day you buy it. That's my warning to you!!
New subscriber
Cool video! What are the average, % margins on the top three, used makes (e.g. Nissan, Toyota, etc.)?
I found that "System too lean Bank" codes can sometimes just be the air filter not installed correctly. I had that code pop up as soon as my air filter was checked at an oil change, and when I opened to replace, the filter was just rolling around in the box.
Had a sub prime finance company for a few years. Courts said that the repos have to run thru the auction and try for the highest price then could get a judgment for balance due on loan. Terrible business, but can be lucrative. Repo fees are crazy. My repo guy made tons of money.
One thing that never sat will with me, is that these auctions can charge you storage fees on days they are closed. A business should not be able to charge storage fees on a day they are not available for you to pick up your vehicle. That should be illegal.
Excellent thank you, extremely informative. I would love to work with you!
Hi Lucky, 🙋🏻♂️I watch all your content on TH-cam. I love your vidoes on current used car market and that’s at a national level. I’d to see you make content on guys like me can learn how the current market (St. Louis) is doing. I own an independent Dealership with a service dept. In my service dept I have 2 techs 1 advisor. I’m the only employee for my sales dept. I’d love to know how to learn what to buy and what to stay away from in my market. Please make a video on we can do that. Keep Up Content!
5-10 cars/month in Vegas? Damn, that's a lot of people walking home.
IT SOUNDS TOO GOOD TO BE TRUE
Who would want to buy a repo? They are notoriously neglected by their "owners" and just in bad shape in general.
Like others have said. They get your 200 then tell you all the other ways they bleed any savings you thought you were getting out of you. Took my money and I found out it wasn't worth it.
Just wanna add not all tow yards do auction stuff if we get stuck with cars in the tow lot they normally get wrote off by PD saying we are able dispose of that car or whatever meaning it's going to the scrap yard. Js
I searched for Catholic charities auctions locally here in Minnesota online and could find nothing so decided to do the old time thing and call on the phone, she was mystified and said she'd worked there for 25 years and had never heard of an auction, she transferred me to somebody at the donation location and they have yet to call me back, what's promising for you in Las Vegas is non-existent here in Minnesota so it seems.
Other commenters mentioned they'd done well at Catholic charities auctions 🤔
Copart needs a lot more than just Lucky pitching them - they're a disaster (but their cars seem legit)
Don't do autobid. It's a scam. I did it once and they ran it to the max on purpose...