We're in August 2024 now. Whats a good brokerage company to use for bidding vehicles on copart in the province of Ontario? Im originally from Ontario and ONLY using this site to bid on Ontario vehicles ONLY for personal use. In the Province of Alberta, you dont need to hire a broker when bidding, so why do Ontarians have to hire a broker to bid vehicles in Ontario? This is absurb, that doesnt make sense to me. Canadian brokers are very limited in the broker tab on website(all i see is one Canadian brokerage company by the name Monster Auto Auctions, they dont even answer the phone lol). So theoretically you have to hire a broker from the US to bid. i still dont understand (why us as Canadians) have to hire a US company to bid on vehicles from Ontario when we can just deal with copart directly
Very helpful thanks. My odometer suddenly changed itself from mph so km so at MOT it was wrongly recorded. I'll get back to you if I have any questions. Thanks so much, Ann
I just purchased a used 2012 chevy cruise and learning all the controls. If the oil light says 100%. What happens if I hit reset. If would tell me the actual amount left?
Get a broker. It costs about the same as a copart membership but allows you to bid on any car. Every state has different laws about who can bid on cars. Depends on title ,salvage or not . Which state is auction in. Using a broker avoids all that complication. Check different brokers for their fees.
When I turn my car on the screen doesn’t show it just shows the bottom you know like the Park n then how many miles the car has doesn’t show the miles sign
Bought a vehicle from copart, had a clean title, runs and drives, no primary or secondary damage listed. Frame is rusted unsafe to drive. Now I find out I could of paid copart a fee to inspect, and hopefully list the damage. No guarantee they would of listed the damage and I am ultimately responsible. You live and learn.
I have a question I looked up my state (PA) like you said and like Vermont it has YES across the board so does that mean I do NOT need a broker to buy from Copart? If so, how come on a few cars I am "ELIGIBLE TO BID" but mostly the listing says "NOT ELIGIBLE TO BID"? My second question is if you are required to use a broker how much are there typical fees on average. Is it a fixed amount or a certain percentage of the final bid amount?
@@DistortedAudio Yea... The cars you are ELIGIBLE TO BID then you can but you just have to have like around 10% of the total bid in your Copart account before you can bid... So if you planning to Bid $5k total then you must have $500 in your "Copart Wallet"... Cars where you need a broker the commish depends obviously on the total amount but it ranges from $500-$800 depending on the broker... Put it this way put a cushion of around $900-$1400 for estimated fees (including broker fees, NOT including shipping) per bid of cars ranging from $2500-$15,000....
That amount is just a deposit that is held to pay for fees in case you never pay for a vehicle you purchased. So if you don't win an auction, that $400 remains on your account and you can request for it to be returned to you.
I don't know why there's so many fucking airheads out there that place bids on a vehicle before the auction even starts.... That's the dumbest fucking way to bid on the car you want 🤦🏻🤦🏻
Was the vehicle purchased on a bill of sale? Bonded titles are needed if you don't have a title and need to obtain one. The insurance bond is so that the state you are in has no liability if the original title owner sues. Otherwise, bonded titles can be needed if the original title is lost and a duplicate can't be issued through Copart.
I used Advance Motors because I needed a broker. Great to deal with even before joining. I also joined Copart so I can get into a yard to view vehicles. Without that, you need someone or a broker to view vehicles for you. Just keep in mind what Sid say's about "fees". A $10k bid can cost your $12-$13k to get.
So I’m brand new at this. I signed up on Copart app for $59. Are you saying that I can now go to the yard and see the golf cart that I want to bid on in a future auction?
@@CZCompetitor For auctions that are further from your home, Copart has an option to order an on site inspector to give you a fairly comprehensive vehicle inspection if you are interested in a more expensive lot that starts at $134
it is true that the brokers can double up the price of a car? the car the want can sell up to 40k, how much will i’ll be paying if i win the auction at 40k? i don’t have a broker yet, just premium member.
I can say that the you will never get a car sub 1500 in my state , out the door with copart. If you won a 100 dollar bid, its about 709ish after fees with broker (600ish if I used the ones mentioned here), then transportation from the nearest yards ranges from 300 to 600. Then we have a lovely thing called a "licensed" title rebuilder, basically a middle man you pay anywhere between 350 - 500 dollars to mail you paperwork and then send it back to the state ( yep only one that can issue you the paperwork needed). Then veh inspections, and title , tax ect. Once its all said and done, your in that 2500-3000 dollar range. Your only way to make this a viable way to get a car is if you gamble on a "clean title" veh, which most of the time are not from ins companies so their super high risk cars ( as in they maybe have massive hidden damage, even compared to the base risk of copart). Im posting this for all those ppl that want cheap used cars , not BMW M5s and Ford Raptors, or even a 2013 honda civic. If you look at how much your saving, its generally 50 % of market value as a private party, if you picked a winner (aka not too messed up car). Idk, Copart seems to be only worth it if your in a state that doesn't fee you to death, or your willing to gamble 10k at the Casino.
It's a Scam..and a risky gamble to get something for nothing...fee fee and more fees...ol rule of thumb-2 good to be true, most likely it is. Copart drops liability for lawsuits with brokers being the actual seller. U buy nothing from copart at all and they get their memberships fee..did I say FEE again!
Ive bought from Copart before : about the deposit It's true you can't use your deposit on the price of the car that you win but you can request a refund of the deposit at any time So if you win a car for $10,000 and you have $1,000 deposit down once you pay the all the fees on the car you can request a refund for the deposit or you can just keep the $1,000 in your account so you have a higher bidding power. So you don't really lose the deposit
Right. It has to do with the fact that most brokers accept credit card payments (up to a certain amount, say $3000) for your deposit, but they are not willing to pay for a vehicle with it due to liability and fear of charge-backs versus paying bank to bank.
It depends on the state. If the broker has a brick and mortar location in your state, they may be required to charge sales tax in order to register your vehicle on your behalf.
