Copart Auction Bidding Explained

แชร์
ฝัง
  • เผยแพร่เมื่อ 28 ส.ค. 2024

ความคิดเห็น • 102

  • @ModifiedCrew
    @ModifiedCrew  4 ปีที่แล้ว +10

    If you have any tips or questions about the copart auction process feel free to let me know 👍👍👍

    • @ModifiedCrew
      @ModifiedCrew  4 ปีที่แล้ว

      Do you like to drive the price up fast or slow?!?!

    • @djkayslied5592
      @djkayslied5592 6 หลายเดือนก่อน

      can you bid on behalf of a person

    • @ModifiedCrew
      @ModifiedCrew  6 หลายเดือนก่อน

      ​@@djkayslied5592I'm not sure, I'd call copart

  • @digitalwildfire4769
    @digitalwildfire4769 4 ปีที่แล้ว +4

    Excited to see the new builds!!!

    • @ModifiedCrew
      @ModifiedCrew  4 ปีที่แล้ว

      Oh we got mad builds in the pipeline

  • @cinthiacastro6534
    @cinthiacastro6534 3 ปีที่แล้ว +5

    Lovely video and very well explained! I do have a question: If I don’t hit the reserve there is no car, correct?

    • @ModifiedCrew
      @ModifiedCrew  3 ปีที่แล้ว +4

      Sometimes if you don't hit the reserve copart may contact you if the buyer decides to sell below the list price.

  • @AlienPizza38
    @AlienPizza38 ปีที่แล้ว +4

    This is intense and fun to watch😁

  • @bamseals4126
    @bamseals4126 ปีที่แล้ว +8

    My question is I can legit bud $50 bucks and that be the final bud on any given vehicle as is and all sales are finale/pure sale and besides bud fees gate fees and etc I can really walk out the door with a “$50” vehicle cause I’ve seen a few crazy bids and I’m just skeptical

  • @animatedtv3258
    @animatedtv3258 หลายเดือนก่อน

    Thanks for the great tips

  • @chasencrooks7115
    @chasencrooks7115 2 ปีที่แล้ว +19

    Copart is annoying. There is a car I want to bid on. It says 7 days to auction. Then when the 7 days is up. It says it will be ready another 7 days. This has been going on for two months now. I think some of these cars listed are fake. Screw them.

    • @ModifiedCrew
      @ModifiedCrew  2 ปีที่แล้ว +3

      I wont argue that, I have has some issues with Copart as well

    • @2hotscottpro
      @2hotscottpro ปีที่แล้ว

      I been getting email every week for months on one I know they have

    • @s00p3rman
      @s00p3rman ปีที่แล้ว

      Definitely seems to be walking the line between scam and legit.

  • @antisocialriley2029
    @antisocialriley2029 2 วันที่ผ่านมา

    Does it cost anything to list a car on copart? (No dealer license)

  • @CEEJAY_305
    @CEEJAY_305 11 วันที่ผ่านมา

    Thanks yall Copart for sale ❤❤❤❤❤ thank you FYI

  • @1ofdem1s25
    @1ofdem1s25 4 ปีที่แล้ว +2

    Liked & subscribed keep the copart content coming

    • @ModifiedCrew
      @ModifiedCrew  4 ปีที่แล้ว +1

      Thanks, I just finished the copart series and am just about to start the copart build but I am going to drop random copart videos as they come up. 👍👍

  • @Islandsidedoe54
    @Islandsidedoe54 ปีที่แล้ว +1

    This may be a dumb questions but plz answer if possible Under lanes where it says rental cars are they cars that rental agency auction off because of high mileage

    • @ModifiedCrew
      @ModifiedCrew  ปีที่แล้ว +1

      Good question. Rental cars are a fairly recent addition, but from what I understand it could be due to, any number of circumstances such as milage damage, theft. I would just check under primary damage to see what information is provided.

  • @jermaineogarro2124
    @jermaineogarro2124 2 ปีที่แล้ว +3

    Do u have to put some kinda advance money up or just bid if u win u pay then

    • @ModifiedCrew
      @ModifiedCrew  2 ปีที่แล้ว +1

      You have to put a deposit in your Copart account, last time I checked I think it was 10%

  • @digitalwildfire4769
    @digitalwildfire4769 4 ปีที่แล้ว +4

    Bro, I want to know when are you gonna win and fix me up a Lamborghini pro bono?

  • @ColbertBills
    @ColbertBills ปีที่แล้ว +1

    I see there are bidding fees, Does it charge you every time you bid even if you don’t win the auction? Or does it just charge the bid fee for the final winning bid?

    • @ModifiedCrew
      @ModifiedCrew  ปีที่แล้ว +1

      You are only charged if you win the auction

  • @ayedunjossyoladipupo1235
    @ayedunjossyoladipupo1235 2 ปีที่แล้ว

    Thanks so much for this info.

    • @ModifiedCrew
      @ModifiedCrew  2 ปีที่แล้ว

      Glad I could help, thanks

  • @joseorona5361
    @joseorona5361 2 หลายเดือนก่อน

    If I bid and don’t win the bid do I lose my bid money?

  • @prcdaniel
    @prcdaniel 2 ปีที่แล้ว +2

    Genuine question looking to purchase on copart. Do all enhanced vehicles not run?

    • @ModifiedCrew
      @ModifiedCrew  2 ปีที่แล้ว

      It has to say runs and drives, if it doesn't it could be for a number of reasons including something simple as them not having the keys or a messed up tire, thats why inspecting the car is very important

    • @benjaminlewis671
      @benjaminlewis671 ปีที่แล้ว

      I just looked at a camper trailer that was listed as an enhanced vehicle and it didn't have anything wrong with it that I could tell other than some dings from hail

    • @ModifiedCrew
      @ModifiedCrew  ปีที่แล้ว

      @@benjaminlewis671 maybe because it's a trailer and doesn't move forward or backwards under its own power

  • @chansreyluch2751
    @chansreyluch2751 3 หลายเดือนก่อน

    Nice video

  • @adams9655
    @adams9655 10 หลายเดือนก่อน

    You don't need anything but a basic subscription to bid correct? And you can get it shipped to your home right?

    • @ModifiedCrew
      @ModifiedCrew  10 หลายเดือนก่อน +1

      Yes basic is what is needed to get started and you can have it shipped to your home

  • @abualia922
    @abualia922 11 หลายเดือนก่อน

    5:55 can you please explain the difference between "pure sale" and "on reserve"?

    • @ModifiedCrew
      @ModifiedCrew  11 หลายเดือนก่อน +2

      Pure sale means no matter what the winning bid amount is you should get the vehicle, on reserve means that there isn't a set amount but they let the seller know the winning bid and the seller can choose to approve the winning amount.

    • @abualia922
      @abualia922 11 หลายเดือนก่อน

      @@ModifiedCrew well explained. Thank you

  • @adriannino660
    @adriannino660 2 ปีที่แล้ว

    Hey bud should I do the live auction fitting or should I bid while it's still 6 days left or how do I know if it's going to be a live auction

    • @ModifiedCrew
      @ModifiedCrew  2 ปีที่แล้ว +1

      I would wait until the actual auction otherwise your just driving the price higher before the actually live bidding begins typically driving the end price higher

  • @ochicoloto3524
    @ochicoloto3524 2 ปีที่แล้ว +1

    Thanks for the details. I am trying to buy a car on auction for Turo. I did a filter. Searching only clean titles and saw a nice car but on the details it says Title Code:
    TN - CERT OF TITLE-REBUILT VEHICLE
    What does this mean. If I buy and register, will it be a clean title

    • @aidenhater3298
      @aidenhater3298 2 ปีที่แล้ว +3

      Rebuilt title is not a clean title. Rebuilt means it was once a salvage title but the car has been repaired to a certain extent.

    • @ochicoloto3524
      @ochicoloto3524 2 ปีที่แล้ว +1

      @@aidenhater3298thanks. so what is the difference between title and title code?

    • @ModifiedCrew
      @ModifiedCrew  2 ปีที่แล้ว

      Aiden is correct a rebuilt title is not a clean title, I'm not sure what a title code means though

    • @ModifiedCrew
      @ModifiedCrew  2 ปีที่แล้ว

      Thanks for the back up info

  • @adriannino660
    @adriannino660 2 ปีที่แล้ว

    Great video, hey bro is copart a scam? Seen soo many bad reviews and videos . how much does broker charge and do you need one. I have a local copart . also can i move it around?

    • @ModifiedCrew
      @ModifiedCrew  2 ปีที่แล้ว +1

      Copart is not a scam they just have a lot of fees that you have to factor in when making your bid, if you don't have a business resale license you would need a broker and you would also have to pay the broker fees as well, I would use the local copart that way you can inspect the car you want to bid on so you don't have any surprises

  • @eyoudoh7388
    @eyoudoh7388 2 ปีที่แล้ว +1

    Can one pay you and you do the bidding , and shipping?

    • @ModifiedCrew
      @ModifiedCrew  ปีที่แล้ว

      Sorry I dont offer this as a service

  • @markwalkernmlb
    @markwalkernmlb 3 ปีที่แล้ว +1

    Thanks for explaining this to me, my brother ; )

  • @Neosporin152
    @Neosporin152 6 หลายเดือนก่อน

    So how every much you bid is how much you buy the car for? So if the car bid is at $500 and i bid $550 and win is that how much i pay? And are there any other fees when you buy from copart?

    • @ModifiedCrew
      @ModifiedCrew  6 หลายเดือนก่อน +1

      There are many other fees on top of the purchase price, if you go to Coparts fee page it will give you a list to figure out the fees

    • @Neosporin152
      @Neosporin152 6 หลายเดือนก่อน +1

      @@ModifiedCrew thank you

  • @evanarabome2815
    @evanarabome2815 2 ปีที่แล้ว +2

    If for instance I bid for a car as practice 😭 and actually won. But I don't want to pay, what's the way out. Cause that's not the car I wanted to bid for initially. And they suspended my account, so please what's the way out

    • @Teggy123
      @Teggy123 2 ปีที่แล้ว

      How did you fix the situation bro ?

    • @ModifiedCrew
      @ModifiedCrew  2 ปีที่แล้ว

      I would give them a call to see if you can work something out, I think this happened to me once and we were able to work something out however I may have had to pay a relisting or restocking fee.

  • @radwanmhyoub8922
    @radwanmhyoub8922 3 ปีที่แล้ว +3

    Copart 👍

    • @ModifiedCrew
      @ModifiedCrew  3 ปีที่แล้ว +1

      👍 Copart Deals on the Daily lol

  • @AndresMartinez-gy6cz
    @AndresMartinez-gy6cz 6 หลายเดือนก่อน

    What does set max amount your willing Toto auto bid for this lot

    • @ModifiedCrew
      @ModifiedCrew  6 หลายเดือนก่อน

      I think your talking about your max bid and it should counter bid anyone until you reach your max amount

    • @AndresMartinez-gy6cz
      @AndresMartinez-gy6cz 6 หลายเดือนก่อน +1

      @@ModifiedCrewoh ok thanks for the info I appreciate it

  • @siu113
    @siu113 7 หลายเดือนก่อน

    How to view bid car without login ? Please let me know

    • @ModifiedCrew
      @ModifiedCrew  7 หลายเดือนก่อน

      If you look at the top bar it will say inventory and then vehicle finder

  • @dominating_reality
    @dominating_reality ปีที่แล้ว +2

    If you use a broker but don’t win do you pay anything to them?

    • @jasonstiven4460
      @jasonstiven4460 ปีที่แล้ว

      That’s what I’m wondering

    • @ModifiedCrew
      @ModifiedCrew  ปีที่แล้ว

      Yes you have to pay to register with the broker

  • @jessemercury7413
    @jessemercury7413 2 ปีที่แล้ว

    Is there a way to know the minimum bid price on a car?

    • @ModifiedCrew
      @ModifiedCrew  2 ปีที่แล้ว

      I don't think it shows you what the reserve price is

  • @TRIPLECVLOG
    @TRIPLECVLOG ปีที่แล้ว

    If I bid and I lost the bid what happened to my money
    Will I get a refund

    • @ModifiedCrew
      @ModifiedCrew  ปีที่แล้ว

      You have to go pay for the car after you win so if you dont win they dont have any of your money

  • @jaycruz4113
    @jaycruz4113 2 ปีที่แล้ว

    Are most of the cars salvage title?

    • @ModifiedCrew
      @ModifiedCrew  2 ปีที่แล้ว

      Yes they specialize in salvage vehicles otherwise you would want to check out Manheim

  • @OptimisticBagel
    @OptimisticBagel ปีที่แล้ว

    I’ve been trying to buy an rs7 if I bid $50 and the final bid date comes and no one else bids will I basically pay only $50 for it?
    One last question, if I win the car, and there is nothing wrong with it and the previous owner just gave it up, will the auction give a salvage title? Because I’m a teen looking to buy a decent rs7 just to drive and I don’t want my insurance to skyrocket just because of a salvage title.
    There are a lot of rs7 that have not been bid at all.

    • @christophertugboat9046
      @christophertugboat9046 ปีที่แล้ว +1

      Sometimes people have reserves met for bidding so if the person that is doing the auction has a reserve met and $50 isn’t it then you have to keep on bidding higher until the reach the reserve

    • @OptimisticBagel
      @OptimisticBagel ปีที่แล้ว

      @@christophertugboat9046hhh okay that makes more sense.

    • @ModifiedCrew
      @ModifiedCrew  ปีที่แล้ว

      If the car is a pure sale and the final bid is $50 when the auction ends then you would get the car for $50 plus the copart fees, taxes, etc. For the salvage title copart mostly sells salvage vehicles but not all of them are salvaged

    • @OptimisticBagel
      @OptimisticBagel ปีที่แล้ว

      @@ModifiedCrew oh I see, thankyou very much.

    • @portcity8589
      @portcity8589 ปีที่แล้ว

      @@ModifiedCrewhow do you know if it’s a pure sale?

  • @AlienPizza38
    @AlienPizza38 ปีที่แล้ว

    I don’t need an llc or anything to participate in this right?

    • @AlienPizza38
      @AlienPizza38 ปีที่แล้ว

      Never mind I jus answered my own question watching your other videos🤦🏽‍♂️👍

    • @ModifiedCrew
      @ModifiedCrew  ปีที่แล้ว

      lol glad the video helped

  • @Individual5555
    @Individual5555 2 ปีที่แล้ว

    So if a cars buy it now is 30,000 and the highest bid is 4,000 and u put 7,000 on the car how much will u actually get the car for

    • @jakelindsay6251
      @jakelindsay6251 2 ปีที่แล้ว

      Seller will usually contact highest bidder and see if they can work out a deal. In your scenario it seems very unlikely.

    • @ModifiedCrew
      @ModifiedCrew  2 ปีที่แล้ว

      Its based upon what the seller is willing to sell it for, it can vary, they usually will counterbid

    • @ModifiedCrew
      @ModifiedCrew  2 ปีที่แล้ว

      Thanks for the support

  • @simonfefeti4635
    @simonfefeti4635 2 ปีที่แล้ว +1

    Ford f150

    • @ModifiedCrew
      @ModifiedCrew  2 ปีที่แล้ว

      Number one sold vehicle in the USA, I might rebuild one because they are so popular

  • @abigailgarcia73
    @abigailgarcia73 2 ปีที่แล้ว

    What does on approval mean ?

    • @ModifiedCrew
      @ModifiedCrew  2 ปีที่แล้ว

      It means that the seller will see the amount the auction went for and decide if they want to let the car go at that price, usually they might try to negotiate a higher price if possible. If you want to avoid this just look for pure sales

  • @marcohernandez2985
    @marcohernandez2985 2 ปีที่แล้ว

    It keeps saying not eligible to bid

    • @ModifiedCrew
      @ModifiedCrew  2 ปีที่แล้ว

      I would call Copart customer service and they can walk you through the problem and get it resolved, good luck

  • @FranciscoOchoa-ze9kt
    @FranciscoOchoa-ze9kt 10 หลายเดือนก่อน

    not good to buy cars...

    • @ModifiedCrew
      @ModifiedCrew  10 หลายเดือนก่อน

      It can be if you prepare, take your time and research. On the other hand its also can be a easy way to have a costly mistake if details are overlooked

    • @FranciscoOchoa-ze9kt
      @FranciscoOchoa-ze9kt 10 หลายเดือนก่อน

      @@ModifiedCrew are you surei it evry explaint .. . it not . thank you .