7 Common Mistakes to Avoid When Buying Cars at Copart, IAAI

The seven biggest

mistakes

first-time buyers make

when

buying

cars

from companies, insurance or auctions. Hello everyone, my name is Andre Ivanov and for the last 15 years I have been

buying

salvage

cars

at salvage car auctions for the last five years. My company comes from the west. .com has bought over 12,000 cars for my clients, so I know all the ins and outs of auctions and I want to go over the biggest

mistakes

I see first-time buyers make, so we'll start with the first one, it's called the stage. car and you might think what is a stage car instead of just trying to explain to you, let me show you a picture, as the saying goes, a picture worth a thousand words.

You see it? 2017 Lexus GX 460 was for sale at a corporate car auction 92,000 miles had a partial repair and normal driving wear there is nothing wrong with the car but that is exactly what I call a stage car because at some point before it was like that and it's probably not possible that it's not the same car, but unfortunately that's exactly the same car, each car has a unique VIN number here, you can copy it and we'll go to the other one and we'll look for it. You see it matches, so the VIN number is the same.

The car is the same. The only difference is this car. was before and this car is after, so what you get here is like a stage car

when

it looks aesthetically good from the outside but it's shit on the inside, it's a nice piece of junk, you know, when you open the hood when you try to drive, you There's a problem with these cars like that, you don't buy them, you know how to restore them, you buy these cars just for parts and when someone tries to bid on this car and I see it, I say, please, please, stop, do not do it. make this costly mistake just don't do it, but that's the biggest mistake, it looks good, but then you know you need to check its history and you think, okay, I'll run Carfax for this car, but Carfax doesn't work for salvage cars, But there are two services that I usually use and I want to share them with you because I don't want you to make this mistake.

It is a vinductor and autostat.com. orderstat.com collects information from public sources such as salvage car auctions and you can see the entire history, so it was originally sold on February 23, 2022 for eight thousand six hundred dollars, that is the condition of the car. Okay and then they tried to sell it several times until they sold it for twenty thousand dollars so guys someone bought this car for twenty thousand dollars just amazing you can also go to Vin's doctor insert the VIN number and click verify gain. You will get a very good report from the National Idle Motor Vehicle Reporting System.

The same information that goes into Carfax, you can get from the doctor. it will show you all the accidents it will show you all the photos it will show you all the problems you know how many listings it had how many owners how many odometer statements and so on it costs only 7.99 and that is the best investment you are going to make do it if you want to buy the car at a salvage car auction, then wrong documents and you say, oh, what do you mean wrong documents? Every car comes with the correct title, no it doesn't work the same way at salvage car auctions, you know when? you go to a used car dealership or you go to a new car dealership or you deal with a private one, you assume you're going to get the right title, so that's the car document, but when you work directly with salvage car auctions there are a variety of documents that can come with a clean title salvage title bill of sale receipts junk non-repairable junk titles destruction title and many others there are like hundreds of different titles and some titles are ok to register in the United States some are ok only for experts and some know that they can't do anything, just as you know, the car is only for parts, let's take a look at this 2012 Dodge Charger, it is for sale in a company, it looks good, beautiful, it is a SRT8 from 6.4 liters. engine beautiful red interior but comes with bill of sale right here Parts only so you won't be able to register it.

This car looks beautiful, but check the title. Florida Certificate of Destruction. You won't be able to register it in the United States, but. Not only is it the same corporate with Insurance Auto Auction, this is a tap recovery vehicle in California, but the title is not repairable so it will not be able to be registered. This is one of the most

common

mistakes I see from first-time buyers. I don't pay attention to the title so they assume it's clean or salvaged and when they got the car and got the papers they go to the DMV and the DMV tells them they can register this car if it's just for parts and that's exactly what happened to it .

Alex in 2016. I still remember the call from him. He bought a very expensive truck and said he can't register it. Can I help you? The only help he could get could sell the car and lose a lot of money, so don't make this mistake, always check. for documents number three, no damage, as we saw in the previous example from 2017, if you see that the car is in good condition, without damage, ask why it is correct, because each car of course is different and their cars Rock no damage and the auction of salvage cars that are actually good, but the damage is good, it is a theft recovery, if it is vandalism, it is a hell of a damage and if it is a minor and rare damage like this 2015 Kia Optima, you know it shows up as a very minor, unusual damage, you can put the bumper back on and the car. well, next number four.

I buy it myself. I'm smart. I've searched copper.com. I'm looking at Insurance Auto Auction. I can buy it myself but there is one thing that first time buyers never think about if I go to Insurance Auto Auction and search for all the vehicles out there there are 281,295 vehicles almost 300,000 vehicles but if you are a public person you can check who You can buy and 15,484 cars are available to the public, so in total there are 281,000 cars for public buyers, there are only 15,000 cars for which you can bid 5.5 and 94.5 of all cars, good cars, no you can beat the companies, the same has more than 276,000 cars and of the public buyers, 51,000 cars, so you can bid for 18.6 percent, 83 percent you can't beat and guys. the best cars are dealer only, so you won't be able to buy the number five with high rates and what do I mean by high rates?

Let's take a look at the final price of five thousand dollars and you want to buy them publicly at insurance or at auction. The fees that the auction will charge you for the purchase of a five thousand dollar car will be 750. When you buy it through the authorized broker or dealer at Insurance Auto Auctions, it will be five hundred and twenty-five dollars, so you will get a difference of 225 dollars, but if you buy a fifteen thousand dollar car, okay, your final bid is fifteen thousand dollars, when you buy it publicly at insurance or at auction, the fee will be 2250 dollars, when you buy it with a broker, you pay only six hundred and fifty dollars, that's a huge difference of sixteen hundred and fifty dollars, you can go to insurance or auction, you can find the rates for licensed buyers and unlicensed buyers and see for yourself and if you go to insurance or the auction, you can scroll down all of them and you click here, search for the broker, you will find the list of all the brokers that you can use and if you scroll down a little bit you will find cars West LLC, that's my company, so we are brokers insurance or licensed auctions.

So you can trust us with your sixth purchase. Logistics that can be complicated. We recently got a guy to purchase the car and he asked us if we could ship this vehicle from Hawaii to his location and his location was zip code 28546, believe it or not. he bought the car but he didn't check where it was located but it was in Hawaii Honolulu and Hawaii Honolulu it's somewhere in the Pacific Ocean so we tried to help the guy okay so shipping is between 1850 and 2000 and then from Los Angeles. Where are you sending it, you need to make ground shipping for another, it costs between 1850 and two thousand dollars, so the total logistics cost is estimated at three thousand seven hundred dollars, the term is five weeks and is actually double the price of the car and he just paid.

One thousand four hundred and fifty dollars, so when you look at the car, make sure you know where it's located and calculate the cost in advance, finally number seven crazy rhythms and what I mean by crazy rhythms when you see the car that you like that each car has. the price and it's not a hundred dollars, that's a screenshot of the dashboard, you know, we get these bits all the time, there are cars that go on sale for two thousand dollars, five hundred dollars, one thousand three thousand fifteen thousand dollars and it we see very often. they try to go over a hundred dollars guys please pay attention every car has a price it's based on damage ratio it's based on title and it's based on exclusivity and when you see the 2018 Dodge Ram 1500 without major damage and they try to get over 100, right?

It's crazy this car sold for 17,100 that's 41 retail value but look at the guys at Dodge Ram and look at 100 you know I know you want to get an amazing deal but unfortunately it doesn't work that way if you want to. they want. Become a salvage car auction Jedi. I have an offer for you. I have a salvage or hacker framework that I created based on my experience and usually the normal price I charge is over a thousand dollars. I have a promotion price of only 47 for you to get the car hacker framework, you will learn how to search how to research the car what price to pay how to inspect it and how to buy it.

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avoid

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