Copart Crazy Boat Bidders Why Are You Bidding So High?!!!? (RANT)
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- เผยแพร่เมื่อ 26 พ.ย. 2024
- I had to make a video about the crazy bidders on Copart. Enjoy!
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#copart #crazybids #notworthit
They are bidding way to high because of videos like yours. They think they can rebuild and get rich quick.
You are right I have been going to the auction and being out bided because of TH-camr you see them with their camera and they are causing the prices to go up more then what the vehicle is worth forcing us to walk away and they have no idea that they are just cutting their own throuts and keeping people like us who do this for a living
@@johnweston2171 I have seen this at City/County surplus auctions, bidding used, worn, and possibly non-functioning items up higher than what you can get a new one for at a retail store.
Not just TH-cam, stupid shows like storage bidding wars and and reno shows jack prices up too. Best thing to do is keep jacking up the bid because they don't want to lose so make em pay more.
People have been over paying at copart for years, here in the uk it's cheaper to just buy from eBay
Very tru
I saw at copart 2018 ford raptor with 20k+ miles for 48k plus fees + repairs, etc.and I found one in cargurus for 57k 0 miles brand new
If we use the same percentage as the Jet ski then the top bid price should be $16000 for that boat.
People get competitive when bidding and lose common sense .
People get stupid, not competitive.
It's called ghost bidders. Usually traced back to whatever company us benefiting from the vehicle getting maximum price. They work great against people that can't stand being beat on bidding, they get caught up and price doesn't matter.
used to be called A SHILL.Paid or friend of auctioneer. On site to bid up prices.Will find them in almost every organized auction.
You know exactly what is happening..I know...well they tell me when and how much to bid..
The salvage auctions are getting ridiculous because of channels like yours popularizing auctions and rebuilding. Unfortunately you cant put the genie back in the bottle.
Great breakdown. Sometimes when you see “Oregon” as the bidder it’s because they’re using Autobidmaster as the broker and doesn’t necessarily mean they’re located in Oregon. People will use Autobidmaster when they don’t have a business account setup with Copart and they can be located in anywhere.
Luckily for those of us here in Oregon, no broker is required to buy salvage vehicles so that broker definitely isn't getting any local business lol
Damn copart's fee's are just as bad as Bank Of America's fee's
#BOAshitholeofbanking
I would never buy a NEW boat let alone one from Copart. There is always someone that needs to get rid of a clean, one owner, well maintained, boat.
Yep, picked up a 30 year 21ft boat with only 300 hours on the engine. The cuddy was spotless and looked brand new. The guy delivered it to me with a full tank of gas to the boat ramp for two grand. Ran it for a whole season before any issues popped up, and it owes me nothing.
I will never buy a sunken boat, that hull will forever be waterlogged
That boat will cost 70 K to buy and repair.
As a buyer there is no way I would pay that kind of money for a boat that was totaled out and repaired.
It was only worth about 15 K if that.
People in the uk have totally killed copart. I was watching a mercedes amg which booked at £19500 at a dealership. It had around damaged. It made £18000.
It's cheaper to buy on ebay. Crazy
I just toured the san juan islands in a $2000 ski boat. My boss has a 52' yacht, he was jealous.
It's not the boat, it's how you use it.
Sven Jonderson it nice there I have been there a few times
I work in a boat shop that repairs these boats we wouid not touch this boat
Alex Fraser, I’m pretty mechanically inclined, and I’ve been watching Copart for a Bowrider boat to do a few things to, and get a good deal. Because I know for example that insurance is going to price a new engine at $9,000+ for parts and labor, when I could install a remanned for $2,000 to $3,000 total, thus saving some money on a boat. Anything to watch for when looking at a salvage boat?
We recently fixed a sunken boat (freshwater) and the engines still ran! However all the electronics were trash, and that hull will forever be waterlogged.
Wait but didn't you say that you were in up to 30k? That's only 6 less than what he paid. Lol, imo both of you were 20k too high!....
He probably meant overall 30k cost
@@angelberthoteroful no he meant bid up to 30k 😂😂 did you see him bidding ?
Right
He could have meant 30k including fees, if I bid on anything I work out how much I want to pay in total and then work backwards to work out what my max bid needs to be to keep me pretty much under it (sometimes I can’t count... lol)
He' also not in Oregon
I agree, even on eBay people pay waaay too much on auctions, it’s just stupid.
most people aren't made for boats, but when you know how to fiberglass and rebuild them they get angry about skill sets ;) There's quite a few of these Ive seen around my area with out racks as wake surfing from the late 90's has never gone out of style
I could see engine damage as well. Not to mention the salvage title which will drop the value
Fools!!!!
I laugh at these people, I mean we just sold a ok to decent 2015 G21 for $50K lol. It had low hours but faded interior, bottom painted and no trailer and I thought that was a little high.
Meaning of BOAT-
B: Bring
O: On
A: Another
T: Thousand
Do your research first time boat owners, don’t be lured by shit like this.
Anything to do with marine parts costs big time they can be money traps. Thanks for the video👍
Buy em right. Never lost money on a boat.
Austin Wilson very true, my comment was mainly aimed at the boating novice. There is money to be made in boats but you gotta know what your doing and what to look for
Wow, your 💯,, correct I valued that damaged boat at 12/18 k. Plus it's a salvage. Does not make sense to pay that high for junk. There are plenty of wake boats for sale that are ready for use.
You are absolutely right and save me from falling into Copart. I have been trying to get on line with them but my inner me would keep dealing it until I came a cross your video and see how nicely you explain all those BS hidden charges. At same time you are right, you can get better deal outside and not go through all the BS they have. Thank you Thank you Thank you. ******
Man I really like your videos, great work and very informative. I buy stuff at auctions all the time and people dont use common sense. I see people paying more than what it cost from an individual just based out of pure pride 🤦♂️
As I said in another video, I made my first serious attempt at a Copart buy and failed. It was a salvage title Ford SUV with a value of $5700. So I took the 70% expected value compared to a clean title and got about $4200 value. Well I calculated $1600 for used parts and fees and me doing the work. The dam SUV sold close to $2500!!!! If I would have bought it and sold it at $4200 I would have made virtually nothing, as I would still have to pay $25 inspection and not sure how much for titling the vehicle! Basically working for free to make someone else happy.
Today was week two and there was little worth buying that wasn't heavily damaged or high miles. I'm going to watch a few more cycles but if it doesn't get any better I'm going to buy something fun for myself to get my $400 deposit back then find another part time job!!! Maybe Burger King...l
Very disappointed so far. I've spent much time and energy into arranging my garage for work, obtaining forms and paper work etc.
And all these fools saying boat mean Break Out Another Thousand, no the only thing a boat should cost you is fuel and maintenance fluids...people who say break out another thousand are people that are broke and have no concept on what a 10mm socket is, they never even experienced losing one lol. With a boat you either have to have zero knowledge and a shit ton of money to keep it running, or a shit ton of knowledge, and some money...boat smarter not harder!
I agree my boats don't cost shit maintain there's nothing to them
@@roncook8566 if anything they are cheaper to maintain than a car because they have no tires, brakes, transmission, radiator...these people have no idea lol
What's it worth?... whatever someone is willing to pay. Sometimes you just pay a lot for an education...
IMHO, that boat is worth $10g, beyond that you're pouring so much into a salvaged boat that unless you plan on keeping it forever (be honest, none of us keep anything that long) it's going to be a waste of time/effort/money.
I knew about Copart but the $300 jetski video really got me looking. So far I haven't seen any skis come anywhere close to $300. I'm positive i'm not the only one who saw that video and signed up on Copart. The more you put stuff like that out there the more competition you are going to have. Most ski's i've tried to bid on ended up near what I could go buy one for that hadn't been on the bottom of a lake. It doesn't help much that I would have to use a broker to buy from Texas and that's where a big chunk of the jetski's are located. I've only seen one pop up here in Oklahoma and one in Arkansas.
Salvage boat is worth salvage money! No more, no less!
knowledge is power if it doesn't make dollars it does make sense bottom line.
great video bro keep em coming.
I was going to text about the outrageous fees you would of end up paying. Your video was right on and I truly believe the ending cost would be much more. If there was a Golden buzzer to hit you’d get five of them if not more.Good job buddy!!
You have to find something that you can get s good deal on and let's the over priced bids gone on to someone else.
why would u even go $30000 for a peace of crap like that.. seriously do u have that much money to throw down the toilet
first off its how the system reels in suckers . they have a bot system or hired people that started a trend to get people to over bid on items . most people are suckers and slavess to their own greed . most people are suckered into taking big loans for the purchase of materialistic items and in return getting a false sense of happiness .
The hull is still solid though and if you can get a wreck like that for $30k, and put in another $20k then you are below the purchase cost for a brand new one and you can customize it like adding better systems. That’s most buyer’s theories. It never happens though. I am currently restoring a boat and I knew going into it that it would be more expensive so I doubled the budget and it is just about dead on.
@@DaebakMonkey i understand . people need to buy stuff to make them feel good about working all those hrs of life away at a dead end job while making someone else wealthy .
@@DaebakMonkey that boat is fucked dude...
@@francoiskotze7878 Very fixable. And it's a $120k boat all day.
Don't feel bad. I just was a house auction. The place was abandon with a collapsing roof and basement wall. In perfect condition the house would have been worth 150 grand. Final bid was 108 grand and that don't include fees, taxes on the sale and title change. You were not fixing the house for less then 50 grand in materials alone. Reminds me back in 2007 when someone said, when your gardener is flipping houses on his lunch break it's time to quit flipping houses.
LOL everyone said I over paid for my VOLVO Semi I’m Rebuilding... But they just don’t know what they go for that’s why they said that. Keep on Hustling BRO, check out my SEMI REBUILD
Boats typically depreciate like rocks. That G23 goes for say 130K new. 6 years later examples in pristine condition are worth half that. There are a lot of used boats on the market, because so many people buy them and find they don't want to put up with the maintenance costs and they don't use it as much as they thought it would. This conspires to keep prices low. It doesn't make sense to pay a lot of money for a wrecked boat that will be expensive to fix when there are so many excellent examples of serviceable boats in great shape that go for a fraction of their original MSRP.
Good to see you man ♡
How is the book value of that jet ski so high. I bought a 2007 gtx in the fall with impecible service records for $2,900.
Depends on where you are located and what people are paying for them in your area.
@@RebuilderGuy I was watching the video while working thinking that the $8000 prices was supposed to be the used value. So it was just me not paying attention..
This is happening on almost all vehicles and it’s getting annoying. I hope the people that bid that high go into debt and never bid again
Seems to me, put the total money down on a brand new one,
No problems, waranteed, cheap monthly payments.
@Oddly Right Also often getting insurance is a major issue as well.
Really nothing I've bid on was worth it in the end with the fees. Copart fees are insanity
Only auction houses are winning as of late
When people need to pay their bills to keep their home, pay their rent, pay the car payment etc, the first things that are sold are the Boats, Jet Skis, Hot Rod Cars, Motorcycles, Travel Trailers etc.
What happened to the boat that would crush the tower and windshield?
Boats are fun but like a friend told me “A boat is a hole in the water that you throw money into”! Lol
Unless you know how to fix your own shit and don't pay 300 a month to store it...boats are not for people with zero DIY skills, unless you have endless amounts of money... rebuilderguy will do all the work that needs to be done himself, so the only thing a boat should cost you is fuel and maintenance fluids if you do it yourself!! Boat smarter not harder!
Old joke.... very very old joke
rev9fan1 I know I’ve owned one for 25 years, done all the maintenance myself including full rebuild of interior and new deck !
@@scarface-39 well if you restore a boat, sure it's gonna cost, but just buying a boat and owning it and doing regular maintenance isn't usually that expensive
B.O.A.T. = Bankruptcy On A Trailer
Ebay has had a similar problem. A used. Shotgum barrel I was bidding on went for more than new when it sold. I hate auctions. People get into it and no one ends up with a deal.
Exactly. People that don't know what they are doing get into the thrill of a bidding war and will just keep bidding until they win so they can boast about it.,
That's rite when u pencil out the truth comes out...nice job.
Wont to buy bass boat from copart but I'm getting to conclusion that I can buy new boat from Poland. You are absolutely right. And some boats are really crap not worth the price.
Its because of the internet. Too many guys are posting copart auctions on line. The idea behind an auction is bidding starts at a minimum and people start bidding each other up. Like fools, they try to outbid the other person. Essentually, raising the price of what was a somewhat resonable offer to what becomes a stupid price. I REFUSE to do online auctions any more. Even E- Bay is not worth it. The last time I won a bid. Someone upped my bid, then backed out. The seller informed me because of that I won at the last bid. Because he and I were the only two bidders, I informed the seller I would have gotten the item closer to the original opening bid. I informed the seller he could eather repost it or we could agree to a fair price before this asshat boosted the price. The seller agreed at a fair price and I was happy. People that bid up an item them refuse to pay should be flogged. I agree on what you are saying.
Do the math before bidding on something. Figure in repairs and fees. If you know you are way outside the realm of what that vehicle is worth. Dump it. I see people buying items on E- Bay that for a few dollars more, you can buy brand new with a warrenty. Anything like a damaged boat is a bad investment to start with. Boats are a dime a dozen and everyone is selling one.
Actually I think eBay should kick people off that bid then back out. If you bid and win you have bought the item period.
Just a question, why are boats so expensive?
Salvage is worth 60% of book fixed and running. That boat needing everything from fiberglass, interior, electronics and hopefully due to fresh water the motor can run again. As a marine ski Natique dealership. Parts an labor be 50% off and I’d still not spend $20k on that junker. Somebody bought yard art
60% of book is like $90k...
probably because you guys keep doing videos showing "Awesome Deals" from copart. so more people think they are gonna find a diamond in the rough.
I was very surprised that you yourself went as far as over 30 grand.
Bots on that site. I dont believe any of their prices.
Thanks for your info I never knew so now I do and that's why I like your page.
One of my biggest complaint as well, I have been saying the same thing for several years. These bidders and buyers are paying way too high I don't understand it, by the time these vehicles or boats are completely repaired you are so close to full retail not to mention the vehicle or boat probably holds a salvaged title, now you paid way too much for something you could have paid for with no damage and a clean title to save a few hundred dollars or break even plus all the headache and hassles of repairing it. Stupid! Very very frustrating I hear you. I guess too many people have too much money that they blow on these thrashed items. They can be fixed but you have to save a significant amount of money to make all the effort and work involved to bring it to where it once was prior to the damage, not to mention all the unknown damages not only structural but mechanical and all the electrical components, this boat not worth going over $20K in my opinion. If your in the industry of boat repair already and have an advantage with experience over others I can see going $30K but I would think $30K to your location after all fees etc. If these boats fetch between $75K-$80K you need this boat paid shipped repaired and ready for water for about $50-$55k to make all that work worth it and have a Salvaged title that stays with it for life making it less valuable maxing at maybe $60-$65K Branded
Murcieme I can possibly see someone looking to finance this boat. they will make there money back thru that method, just a longer period of time
Keep in mind that you are paying for the item in the yard. You are not paying for the photography and detailed description. They photograph the item to give you a rough idea of what you are buying, not a detailed photographic and written analysis. Be more cautious with your bidding if you are unable to inspect it in person or hire someone to go there and inspect and photographed it for you.
Most of this Co part crap you end up being upside down on. Just not worth it. Maybe small very cheap things. Not large complex vehicles.
yeah, with the rise on youtube copart videos too many newbs are thinking they can buy a car/boat cheap and flip it and score like the youtubers do. Driving up the price of everything foolishly. There's a guy flyingwheels who does videos of dealer only auctions and many of the cars being bought by dealers are being sold for RETAIL price so there's no margin for the dealer to make any money.
Ridiculous.
100% agree, some people have too much what i call "stupid money" what you did makes sense, while that other guy was only spending "stupid money" must be nice for them...
This is very typical of auctions in general. There are always people that don't know what they are doing and over bid. Years ago I used to go to auctions where businesses were being liquidated and was always amazed at how stupid people were with their bids often exceeding retail new prices. You see the same sort of thing on eBay all the time.
FYI buyer location isn’t always true. Some buyers use brokers to bid and it would be the registered users location
I asked the Copart ladies at the Austin site about loading a boat, and they said there was a local company with a backhoe that would meet you at the site you help you load your boat. I wonder what that costs? Another couple grand?
I rebuilt the family 1963 runabout 14ft . Used motor, then a prts motor,new seats , etc, Not counting for my labor, I spent over $6000 .00 ! Many good clean well maintained used boats out there with anxious sellers. Bought a bowrider with 2 outboards, 2 new batts , 3 new tires,2 tops,galv trlr. and all the gear for $600.00! Save your money on the junk, buy one all running. Summer and life is too short to spend it working on your boat.
It's just like any auction company.. the best ones are new ones. Once they become popular the prices any rocket until it crashes or prices go low again. I've seen many almost all auction sites do this..
I know what you mean I wanted to buy a McLaren 570 on the auction but the prices were so ridiculous I ended up just going to the dealer and buying a used one with a warranty and a clean title
They are after titles and you take a stolen boat swap everything over to this boat then make a 30k profit and have a legit title
@thesilman99 your crazy if you think the government employees do 1 thing your saying they do.Give them the money for title transfer and that's it and all they care about.Ive owned everything from razors to boats to racecars and been stopped by every government official at one time or another and can tell you not once have they ever checked anything but the vin and title.Never have they checked serial or vin numbers on my motors,frames or anything else.They don't care unless you get busted in a sting or they have suspicions then they will dig deeper
@thesilman99 Depends on the state. Most states don't actually do or require what you're talking about.
@thesilman99 Yes i rebuilt a gsxr 750 with a salvage title years ago in PA. In order to get a legal title i had to provide receipts and vin numbers for all parts not purchased new on the bike. It was inspected by the state twice in person, and once by a certified inspection mechanic. It would be very difficult to obtain a new title by rebuilding anything with stolen parts.
because its the insurance co. posing as bidders so they can get close to if not more from what they lost in the claim. i wouldnt be surprised if copart doesnt have their hand in the bidding process as well as the insurance co.
Everything is getting like this. Ebay used to be a place where every nobody listed their stuff at whatever they felt like they wanted at the time. Now (and for some years) Ebay has such a huge list of everything ever sold and it's all integrated and gives you the price to list at - in other words data is out there they are using to jack prices on everything. Go to so many stores prices aren't listed - that's happening a lot more - people grab it then don't even get a receipt, often you have to ask for one - so with electronic iphone pay android google pay, people don't pay attention to prices, they just snatch it and let the computers figure out the deductions.
So I think the trend you point out is widespread and across the entire society.
because the boat has a VIN, is it possible to look up the VIN later in year. see where it went?
I'm at auto dealer only auctions every week. I see it happen every week people bidding outrageous on junk, just seen a 500,000 mile 05 honda Accord sell for 3800 dollars,so people will push anything
Same here in the United Kingdom. People say to me, why don't you move up to much better boats Mark to make more money? My argument is, why do that only to spend a lot more time and money to get something on which I will make less money than dealing at the budget end of the market?
If I buy a much bigger boat for lets say £10,000 and end up hanging onto it for 3 months to sell it for £12,000 not only does it take up a lot more selling space but in that same time frame I could buy 20+ smaller cheaper boats and turn them all over in 1 month and make 4 or 5 times more in profit at far less risk as I'm not putting all my eggs on one basket and I'm constantly building out my trade contacts by dealing in lower priced stock with a faster more profitable turnover.
What about the motor lol that’s gonna be the most expensive
The prices you placed are for a shop to do work on most items
If the guy was ordering materials to create the parts himself,directly from a manufacturer,he was looking to spend around average 42k,,,that's including the boat at 30k
And if the boat can sell for 76k
That's 30k profit and about 4-5 months of labor free if your doing it.
Well somebody doesn't watch rebuilderguy, he should take some lessons! Haha
Just guessing but I suspect the flooded boats were picked up by a forklift and stacked up one on top of another thereby damaging the windshields and towers. They could be loaded in that fashion on a flatbed and transported to another destination. I don't know where the boats were when they were flooded. I suspect if you knew the location you could find a cheaper source for finding boats, however if the tops were not damaged, then the asking price for a flooded boat would most likely be higher, don'y u think????
Like any auction you get one good deal out of every 100 items going through. If there is a half dozen people interested in the same item walk away
It sounds like the guy that bought their boat he got screwed I'm wondering if they're going to give him a kiss With it
So many people get carried away at auctions,,, been there done that.
I didn't get a notification that yu posted a video love your video's
Ya something is wrong with youtube hit that notification bell maybe that fixes it
Interesting. Copart buyers also pay way to much for cars. I don't get it.
Dude, I'm a dealer in Portland and been going to Copart since 1989.,when Clinton got elected and Oregon gave free healtcare in the 90's, Portland got flooded with Eastern Europeans and they all wind up at Copart. I watched cars I paid half of book start going for book and More! Totalled! Also Portland gives out county jail time for auto theft, do the math.
Anyway, I emailed you about your STI. And get ahold of me if you are looking for a wakeboard boat, My brother sells Malibu and Cobalt. 40-50 k i can get you new.
hmm Portland Oregon is where autobidmaster bids show up from. this does not mean the buyer is in Oregon. Texas requires a broker or dealer licence to bid on boats, so that could be the case. anyhow I would not pay so much for that hunk of junk. not all boats on copart are that bad. Picked up a lower end boat really cheap on copart and I am happy with it.
Where can you cut cost can you build the racks yourself can you build the carriers ?
You are right about people over paying for copart products.
Why would you bid $30k on that thing?
Great video!!
As someone who has bid on, and purchased, many vehicles through Copart through the years, I can say that it is ABSOLUTELY INSANE how many overpaying morons exist there now. I am not one of them, therefore, I never get screwed (outside of my relationship, that is).
ive always laughed at the flock of people that gather around an inop vehicle at a regular dealer auction like Manheim.. they will pay more for a wreck than a straight clean unit.. its nuts..
the fees are stupid expensive like on that jetski almost 40% of the total price is auction fees... what a turn off.
it honestly sounds like you were dying to have this build lol knowing you because you love to fix the worst and make them gems
CoPart went to Shit when the general public could buy . When it was dealer only
it was more realistic and you could buy something to make money on.
what is his perm address is in Portland and he is in Austin or San Antonio? Maybe he has the trailer and the mount already???
Copart is probably paying aprox. 5k for this boat from the insurance co.
copart doesn't pay anything for the boat. They make a percentage of the bid price
@@SuperCody888 Thanks for the info I always wondered what kind of arrangement they had.
What is the best way to find out whether or not the sellers product came from copart?
Your numbers are way retail!! I did the math along with you, but wholesale prices and was at $49,000-$52,000 WORST CASE. You could get electronics for $1,000, trailer for $1,000, tower for $3,000 to $4,000, so being $52,000 in a $70,000 boat is dead on. You can expect to pay 30% to 50% less for a salvage vehicle or boat, and that one is a high demand item that is about 30% less than retail. On rebuilds you can’t go buy everything in a day at retail. You have to shop for second hand parts to come in under budget.
Our marina just sold a 2014 G23 with only 240 hours for $51,000. The boat was in good shape except for having the bottom painted and some interior issues from being outside. The quote we got to fix the interior was $2,200 from one shop and $1,400 from another although a good detail would've been fine for most people.
by the way what is your intro song called
Covid boat prices... that 2002 SeaDoo is $2,600 Low and $2,900 average and that is IF you can find a dam PWC. Crazy out there right now
You are 100% correct but I bet the guy in Oregon didn’t do his home work like you did do boats have salvage on the title like cars I bet that guy will be but. Hurt when he gets his boat done
I'll bet the guy an Oregon as a stolen boat that he needs paperwork for.
I like attending "Rebuilder Guy University" on TH-cam
But when you got the jetski dont you need a broker?
Unbelievable. I am in the process of buying a boat in the UK. It is a night mare. People are paying silly money for very poor boats with loads of hours on them. I am considering waiting, and hope people come to their senses. Eamonn From Worcestershire UK
Do u have to pay sales tax too? Man that boat is trash.