Buying Cars at Auction Online (How it works) 

welcome to the car biz :)

@@LuckyLopez777 thanks man, all your fans appreciate you 🤍

where is your dealer?

Congratulations on your new dealership. What is your inventory plan. Balancing flooring or inventory investment VERSES book depreciations / Bank loan ammount s. Sorry fir such a scary uniformed question. ???$$$$!!! Did you watch some of Luck Lopez’s other videos ???

@@LuckyLopez777Lucky, I’m trying TJ find a lot to lease in Vegas. Any tips? I’m about the lease a warehouse

Thanks Michael. Welcome to the family 😁👍

MC: Love this guy & would trust him with my life! (only know him from his fine program).

I just subscribed too. He’s honest and I love what they did for the lady. People are so savage nowadays. That deed alone speaks volume.

Thanks i appreciate it

Thanks I appreciate it

Thanks I appreciate it 😁🙌

If the inside of a car is reconditioned. It’s always brings more money 😁👍

Thanks Sam appreciate the comment 😁👍.

@@LuckyLopez777 I have a 2009 Jeep I’ve put close to 12 k in upgrades. 66 k two owner. How can I show and sell? I’ve got 36k invested and need 24k to invest elsewhere. Can you send pointers to jeep6000@gmail.com ? PS . This is an awesome video that should serve many people well.

I appreciate that!

Thanks 🙏 😁👍

I appreciate that!

good cars. very high resale value

Nice Video clip! Apologies for the intrusion, I would appreciate your thoughts. Have you thought about - Tarbbatigan Vintage Sales Tip (search on google)? It is a smashing one off product for finding government and police auctions for cars trucks and SUVs without the hard work. Ive heard some decent things about it and my friend Sam got great success with it.

Not good on gas

Glad you liked it!!

I know. It seems like everyone is over paying and it’s getting worse

@@LuckyLopez777 well, it got worse

There’s really not a best one I recommend always trying all of them to see which is better in your area because in different states in different areas different banks go with different options so you never know we’re gonna find the deals

Hey, thanks!

Look on my channel I have a bunch of videos of me talking about rental cars

@@LuckyLopez777 cool. I will check it out.

Thanks for the tip

Thanks 😁

We have a bill scanner and a light and a marker and you can usually feel the fake bills we see so many of them we can cut a spot up now plus nowadays not a lot of people have cash were swiping more cards than cash now lol

I take them to the bank and show the teller the cash first . Only had to do this once because a Persian guy paid cash for a $5,000 car all in $2 bills.

right now salvage is almost retail

@@LuckyLopez777 I hope to get lucky. Thanks for the headsup.

It depends on the condition report everything at the auction and I would just consider sketchy but if you get a cheap enough to for the repairs it’s definitely good deal

They are high but slowly going down

exporting is one of the hardest things to make money on

thanks for watching

I would only buy green light cars till you find a good mobile mechanic. just start hiring people till you find. one. it will talk alof of time and money but its worth it

That’s the great thing about the automotive industry is wherever they drive cars is a good spot to start either selling fixing or repairing vehicles if you have a love for cars I would definitely do so

love the user name 😁👍

It’s a fun business it’s just lots of stupid people in it lol

@@LuckyLopez777 ok Lucky. I have a quick question. So I’m currently working a full time job putting in 60+ hours a week. I’m trying to get out of the 9-5 life and my dream goal is to get into real estate. So I’m currently in the stage of building my capital. I have some money saved up and was thinking about flipping cars as a side gig to make some extra money. My question to you is is this a lucrative field for me if I’m aiming at only flipping 3-5 cars a month. And that goes with I’m thinking if I should just get my dealers license to have access to these auctions myself rather than trying to find deals on fb marketplace etc. what would your opinion be? Would the dealer auctions provide some deals for me as a independent flipper. Not trying to have a dealership but just flip a couple cars a month ?

@@RoyallKing629 If you’re flipping cars just to get money for real estate I wouldn’t waste the time in investment to get your dealers license but if you want to keep it as a Side hustle then I would recommend

@@LuckyLopez777 recommend what?

Dont. you will buy cars with too many issues

@@LuckyLopez777 I do recover my money after sending it to a broker on an agreement to buy a car from the state that he lives in??

@@LuckyLopez777 thanks in advance.

I actually still get cars repaired all in for $1500 but we usually try to get about 50% of what I’m into them down and the other 50% within the first six months that is my formula that use

@@LuckyLopez777 Thanks for the pointers, excellent tip of keeping a shorter term. Worked for a non franchised sub prime and BHPH store in the late 90's and they financed 12 months, the cars didn't last and their BHPH business cost them to go out of business. Back then we used Key Bank, Mercury Finance, and in house.

Ryan Yosh The way I price my cars is $1000 over retail this gives me the flexibility where if the customer has good credit I can lower the price or if the customer has bad credit I don’t have to raise the price to compensate for the bank fee and as far as GPS is I only use gold star 90% of the other ones are absolute junk gold star has amazing features sign up with them and try to GPS

@@LuckyLopez777 Thank you I appreciate it your response, do you have any previous videos on how to create successful in-house financing?

Ryan Yosh We are actually making a online class for that along with our dealers license rental car license.

NorCalMike Being a wholesaler is the best way to get into the car business with extremely low overhead I personally don’t work with wholesalers here in Vegas because they usually want more than retail for their cars and they usually sell stuff that’s broken and damaged and try to hide things so as long as you’re honest and upfront and you tell the dealers what’s wrong with the cars you have good success with building relationships with dealers

@@LuckyLopez777 Thanks Lucky! I figure I'm better off selling good cars and building solid relationships over dishonest profits. I'm ok with making less. I just love buying cars! I guess that's how I ended up with 7 of my own

I don’t understand your question?

@@LuckyLopez777 oh I am sorry. I was asking how to buy a good car online ? Just one for school. Another question it is safe to buy a car at auction online ?

@@paulinjosepha2336 Unfortunately you can’t buy any of these auctions unless you’re a dealer

@@LuckyLopez777 oh okay . You’re right . A friend of mine was telling to pay $100 in order to but the car . That is why , I was double check. Is there any other websites that you can advise to buy a car from a used car from a owner?

My number is $1000 profit. But $1599 is always good 😁

@@LuckyLopez777 have you spend over 20k on salvage vehicles or just cheaper vehicles for a quick flip?

@@trelynpounds3325 The most I’ve spent was on a Bentley Continental GT convertible $60,000 on a salvage car

@@LuckyLopez777 how much you sell it for? And is it difficult to sell salvage titles?

@@trelynpounds3325 We made about $20,000 in profit it’s not hard to sell salvage cars if you buy the right ones we just have a lot of banks that finance salvage cars so it makes it easier for us

💯

Thanks Mathew 🙌 🍞

Thanks we appreciate the comment

Thanks Ben 🙏 You will have a blast I love the automotive Industry

I need a car . Am moving to new york.

Just got 3k to move around with

IAAI and Copart

Thanks I appreciate it 🙌. I only do wholesaling at the moment

Run the Vin in Auto Check or Carfax

I vouch for guns industry on telegram they sell guns,cars,phones, house at affordable price I have bought something more than 3 times from them message the on telegram

It all depends on what country and what are you trying to do I have a few friends that take wrecked cars to Europe luxury cars doesn’t matter for salvage title they’re clean title once they hit over there or some people so salvage cars over to other countries like in the middle east where there’s no junkyards so they sell the parts for top dollar so there’s 1 million ways you can go about it just depends on what you’re planning to do and which country are going to be importing to

Will do :)

It’s the complete opposite ever since Nextgear and AFC. Started giving out credit lines to new dealers that are dumb. They over bid. Where. Most of the smart dealers use cash and only bid up too MMR.

That is true. A friend of mine just started a dealership, asked AFC for 50K from his 5 car lot and they just gave it to him.

@@Nahiyanize We had a guy with a 610 credit score and $500 in the bank. Go to Nextgear they gave him $400k. With 0 experience as a dealer it’s crazy.

magins are thin. buy its still good money. Volume or Gross

@@LuckyLopez777 i probably will be having like maybe 6k-10k in reserve to bid on cars with just starting off. I don’t think I’m really gona be pursuing volume. Just profitable flips. I’m looking to flip 4-8 cars a mo.

@@RoyallKing629 you know if i can use a vehicle wholesaler license at mannheim or do they require you have a dealer license?

Appreciate it welcome to the family

Yeah it’s crazy and only getting worse

We use Dealercenter In my Dealership Corse I show everything on how to start a dealership and what to do How to buy cars Flooring lines how to Do Financing Sales/leases Marketing Everything from A-Z

Thank you for watching. What state are you in ?

Florida !! J&jautobrokers850@gmail.com I would like to schedule a consultation! Thanks

NY over here. Small lot owner

Unfortunately almost every bank here in Vegas requires one month minimum recourse. Some are 2-3 lol. Vegas sucks for banks

Manihime have to be a dealer to use it

You could buy a car from other countries you just have to get signed up in your country to be a dealer and then you submit the paperwork to local US companies and pay for an exporter license

Send me your website

Send me your website

@@dreamautosales6425 www.AutomotiveLife.com

No Don’t see them often at auction.

Nice lol.

There’s 50-60 every week

@@LuckyLopez777 Do you know how much they usually sell for?

@@MrDeano691 It’s hard to say because there’s so many different factors to come in to play summer clean title summer salvage summer rec summer in good condition summer fully loaded summer base model. But at the end of the day they’re fairly cheap

@@LuckyLopez777 Thanks for telling me, I was wondering what price range they were for a clean fully loaded one is.

auctions are building the hype up and MMR is way up so dealers think they are justified by paying over mmr lol. its a scary cycle

thanks for watching

Thanks Jack appreciate it

Thank you can you subscribe to my channel