Car DEFAULTS And Insurance Rates SKYROCKET, Copart Is SCREAMING IT!

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Car DEFAULTS And Insurance Rates SKYROCKET, Copart Is SCREAMING IT!
My name is Brandon and I am a used car dealer. I created Car Questions Answered to share the ins and outs of the used car market from my perspective. I share with you updates on car prices, what's happening at the dealer auctions, and what it's like being a dealer. My goal is to share information to help you make the best decisions while buying a car to save you money. I do not want car dealers taking advantage of you.
Thanks for watching and please feel free to leave any comments you may have in the section below!
And make sure you don't forget to LIKE, SHARE AND SUBSCRIBE FOR MORE!!
*None of this is meant to be construed as financial advice, it's for entertainment purposes only.
#UsedCarMarket #CarPrices #carmarket #usedcarprices

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9 июл 2024

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Комментарии : 337

@stevenkilgore5771 28 дней назад

Some of those cars you are wondering why they look perfectly fine; they are theft recoveries.

@BabyJesus440 26 дней назад

They also do donatiion/charity auctions for what ever foundation received the car

@AbcDef-iq4no 27 дней назад

Speaking of car insurance, I am in my early 60s with a spotless driving record and I hardly ever drive anywhere (less than 5,000 per year) and yet my car insurance keeps going up each year. This is totally contradictory to what I expected as I got older and drove less. This equates to just one more expense which chips away at my income each year on top of everything else like grocery prices.

@daveamies5031 27 дней назад

if you're car is new-ish sell it and buy a nice condition sub $5k car, and only have 3rd party insurance, keep $5k aside and "self insure" your car. It's a real strategy used by many in my area, 3rd party insurance covers you for any damage if you accidentally hit someone else's expensive car (probably unlikely so shouldn't be expensive), and you can put the $5k "self insurance" in a interest bearing account. You don't drive much so there's no reason to have a car that's costing a fortune to insure. FYI I'm

@maximussilverstacker3928 27 дней назад

Yep! My wife and I are retired barely put any miles on our cars and my wife’s insurance went up $400 for 6 months? She’s like why ? Inflation ?? lol they’re using it as an Excuse to raise the price on everyone. She joined me with geico and saved $500 for 6 months !! Shop around 2 cars will always be cheaper than separate policy’s .

@samthesadhumansamthejustma2705 27 дней назад

They taught you economics. Use it

@AbcDef-iq4no 27 дней назад

@@maximussilverstacker3928 I had the same reaction, like what is the rationale or is it just picking a number out of the sky as long is it is more than what I was paying the year before. I have had the same thing with my home insurance. Last year my home insurance went up 20 percent because my carrier dedided out of the blue that my home's replacement value jumped from $200,000 to $345,000, even though my home is never ever going to fetch that much on the open market.

@AbcDef-iq4no 27 дней назад

@@samthesadhumansamthejustma2705 Okay, I'll stop eating and driving.

@luvinlife3711 28 дней назад

YES!! Please continue these walk-arounds! Like they say, "seeing is believing" - times are hard but difficult to convince others; people are able to "hide" it ... similar to Food Stamps no longer existing (EBT cards now), hard to see the proverbial "bread lines" as an indicator.

@dirtystik 27 дней назад

All I hear is buyers market

@richdiana3663 28 дней назад

Thank you for offering deals to what's left of the Middle Class. They're being threatened with financial disaster.

@garyday6681 28 дней назад

That copart lot looks worse than my local you pull it salvage yard. Would never buy anything from copart.

@docgiggles130 27 дней назад

Many of the cars in the you pull yards come from copart

@thingamajig6542 27 дней назад

Problem with copart and IAAI is all the fees they charge. Add 35 to 45 % more to your final bid price if you win to cover all the fees.

@worldsails2000 27 дней назад

When I was a claims adjuster I remember paying a guy $82,000 for his stolen AMG Mercedes. It was later recovered with absolutely no damage to it. We sold it at Co-Part for $30,000. I tried to convince management to go a different route than a salvage auction to sell it but was denied. So yes you can find great deals on cars there. Back when I left the industry, 20 years ago, they were just starting to let non-dealers in, but only on certain days, not sure if they still do that or not.

@XX-166 27 дней назад

Non dealers can bid and buy certain cars from copart. You absolutely have to do your homework.

@WoodsintheBurg94 28 дней назад

Neither my wife or I have had any tickets, or claims in over 5 years. Both our cars are 10 + years old and we don’t put excessive miles on our cars each year. Six months ago our insurance rates went up around 21%. My upcoming 6 mo. renewal is 18% higher. In one year, I am now paying almost a 30% increase. 🤦‍♂️

@injohneer 28 дней назад

You need an insurance broker who will shop around for you!

@TheRealCatof 27 дней назад

You're a huge dummy for not switching to a different insurance. I'm paying the same I was back in 2019 because I switch policies every 4-6 months

@roadiez1 27 дней назад

Adds up to 39%!

@TheRealCatof 27 дней назад

@@roadiez1 Not how percentages work lol

@renardfranse 27 дней назад

THANK BIDEN

@user-rl5wm1cm1k 28 дней назад

I've been to Copart dozens of times. Most of the cars are bought for the drivetrain. Most of the cars are junk.

@MX-CO 28 дней назад

They aren't all junk or all crashed. It can be real, honey hole. I'm not even sure why I'm typing this, lol. But I've bought several vehicles there. They also have donated vehicles. Repo's. Police impounds etc etc. And anyone can bring a car there to sell. Most don't, but occasionally, some people do bring a car that hasn't been crashed.

@MX-CO 28 дней назад

I used to purposely seek out undesirable vehicles, but thar weren't crashed and didn't have problems. Like pt cruisers, Pacifica etc etc. Sometimes, I would be the only one to bid, so I won and very cheaply. Then I'd bring em home clean em and sell.

@dennissvitak5475 27 дней назад

@@MX-CO I owned a PT Cruiser. You don't see hardly any still running, for a REASON.

@user-xk4vt9ye8j 27 дней назад

@@dennissvitak5475 Me too. Got rid of it at 62k mileage because it was such a junk.

@SamslamminCars 27 дней назад

@@dennissvitak5475Had one blow by me the other day on the highway, surprised the hell out of me.

@philg5888 27 дней назад

Some of those cars that look perfectly fine, are usually theft recovery, police impounded, abandoned vehicles, flood damaged, hail damaged, voluntary repos (given back to the bank), or hurricane / tornado damaged. The worst ones, if they haven't been sent directly to a crusher are the bio-hazard cars.

@Boodieman72 28 дней назад

There is a YT channel called - I Do Car that parts out damaged engines and full cars.

@stuglenn1112 27 дней назад

I love watching his engine tear downs.

@coolbananaboy5075 27 дней назад

The minimum you will pay in Copart fees when you buy a car is about $1,000. When you consider the risk (you are not allowed to even plug in an ODBII connector to look for alarms) they are not a great deal. You can do better elsewhere.

@becraftcorey 28 дней назад

Apparently it's only effecting dodges, and pick up trucks. Honda is still selling a tone of cars

@daniellaws2307 28 дней назад

I work part time delivering parts for a salvage yard. Your guesses on what these cars sell for at auction is way off. You don't buy cars for a couple of hundred, unless its burned to the ground. It's profitable to buy and part out, but not a get rich quick plan.

@docgiggles130 27 дней назад

There are many ways cars can end up in copart. Repos, theft recovery, minor damage when the car isn’t worth much, donations, and there are even dealers that send trade ins to copart rather than the dealer auction. It’s not just salvage cars.

@Stu-f592 28 дней назад

That early 70’s Mercedes is quite a find! Sad to see it so rough.:(

@evoman44 23 дня назад

That Mercedes looks like it was a donation that had been sitting for a long time.

@mrseanjecko 27 дней назад

There's a reason they're at Copart. Flood vehicles. Lemons. Vehicles that look acceptable on the outside, but have some kind of defect. Don't be fooled by appearances. Buyer beware at Copart.

@tonyschumacher2095 27 дней назад

Lemons ALSO go thru dealer auction..

@eldoradoboy 26 дней назад

@@tonyschumacher2095 lemons are a serious issue esp these days.. from what I understand if I lemon a car in Ohio, it can be sent to auction, be boight by someone in another state and actually put back in service and sold as a runner.. I lemoned a Jeep wrangler many years ago.. Jeep built me a new one.. when i turned in the bad one.. I asked what haoppens to the old one.. dealer said after 90 days they take possesion of it if the manufacturer doesnt pick it up off their lot, and they send it to auction ..the reason that it could be back in service is because in 98% of lemon cases, the manufacturer settles before a judge ruled on it officially.. in ohio a manufacturer buyback cant be registered for street use again.. but apparently thats not reciprocal so once the dealer took the jeep back they send it to auction marked as a buyback.. an out of state dealer buys it and can attempt t ofix the defect and sell it as a clean title car.. scary!!

@user-oe2sn6bv6q 26 дней назад

@@tonyschumacher2095Except Lemon laws in many states only apply to NEW purchases 😂 As soon as you get that 40% discount on that Honda and find out it’s a Lemon, too late 🤷‍♂️

@tonyschumacher2095 26 дней назад

@@user-oe2sn6bv6q and you missed the point completely..

@Tubbylumpy 28 дней назад

Yeah these are entertaining, please do more.

@JohnBarr-ys9zl 28 дней назад

The market needs and will get a correction. The prices of salvage/rebuilders is ridiculous. I seen a similar scenario in the early 90’s..... everyone seemed to get into building wrecks and the market dropped. I believe it’s gonna do the same, only folks will actually own salvage as the overall market will fall as well.

@flyingspirit3549 28 дней назад

As always, Brandon, thanks for the opportunity to see behind the curtain into a world that most of us will never get to see. And beyond the world of used cars, an indication of how the economy is not as great as some would have us believe.

@TeKnoVKNG23 27 дней назад

Copart usually has a ton of flood/salvage title cars that look great, but probably have a lot of internal issues. Drove one of their cars once, looked pristine, everything was fine, but as soon as you turned on the A/C or it got a little warm in the car, the entire thing smelled like mold and it was clear it had water damage/was a flood car. They have a ton of lots in my home state of GA and they get a bunch of their cars from Gulf Coast states after hurricanes and floods.

@sil-80nick 26 дней назад

I bought a Copart membership when I lived at my old house and the auction was about 3 miles away. Every car I wanted to buy ended up selling for more than what you could pay on Craigslist. (Circa 2004) So everything ended up being overpriced by getting overbid by dealers and junk yards. The parts are worth more than the whole car, and that’s exactly what is said in the video. So I never ended up buying anything.

@themikecranston 27 дней назад

Wait until you see the Copart fees... Minimum is gonna be $500+.

@joewoodchuck3824 27 дней назад

What does one get for fees?

@darksu6947 26 дней назад

@@joewoodchuck3824The joy of paying them.

@user-oe2sn6bv6q 26 дней назад

@@joewoodchuck3824Paperwork 😂

@dailey291 27 дней назад

This was for sure one of the more interesting videos you have done. I would like another one of these.

@donaldmickunas8552 27 дней назад

What surprises me is that junk yards in North Carolina still allow people to pull parts themselves. The Junk yards around the Cleveland, Ohio area stopped allowing people in their yard back in the 1970s primarily because of theft and insurance. Many started pulling parts that were in high demand and storing them like a parts store. How the junk yards in North Carolina can get away with letting people in their yards in 2024 astonishes me.

@skyelee9398 27 дней назад

New subscriber. I like videos like these. You’re sharing a lot of secrets here. Lol

@1podprince 26 дней назад

been in car business primarily used cars 30 years, if you think regular auctions have issues wait till you attend and buy a few copart cars

@MrTommyboy68 28 дней назад

A lot of cars going to CoPart are DONATIONS to various charities, who sell them off and use the cash for their programs.

@XX-166 27 дней назад

Good idea for buying IF they were maintained correctly.

@MrTommyboy68 27 дней назад

@@XX-166 A lot of donated vehicles tend to be old grand pa or grand ma cars that the kids don't have any interest in. THOSE are what to watch for. The rest are usually junk.

@XX-166 27 дней назад

@@MrTommyboy68 grand pa or grand ma may not have had time to get them serviced at the stealerships so it’s a crap shoot either way.

@MrTommyboy68 27 дней назад

@@XX-166 MOST of the old peoples cars that I have seen are well maintained or sat for a year or two until the kids decide to donate. If the car is beat to crap, walk away. If it is clean, oil looks good, trans fluid looks good, you most likely have a safer bet. BUT you ALWAYS do a complete service after you buy it. In Phoenix all the pull a part yards keep the really nice cars locked up in a sperate area that you have to be escorted into and they do NOT sell parts off of them. And yes, buying ANY car from ANY salvage yard is a crap shoot. About the same if you buy one from a stealership.

@XX-166 27 дней назад

@@MrTommyboy68 it’s all individualized.. no different then buying from a private seller… if it’s used it’s a crap shoot.

@sadbuttrue343 27 дней назад

Interesting and a change of pace....keep doing this.

@zimman20 28 дней назад

I dig this walkaround, esp at Copart, Brandon!

@michaelbuteau4183 28 дней назад

Copart walk around, yes, please. It seems like a lot of fun.

@jimwolfe4286 27 дней назад

Yes !..Please go to the Copart Auctions....Thank you..

@mikemiller9717 27 дней назад

Loved the video. Would really enjoy if you went when they were having an auction.

@tomwiles 25 дней назад

I enjoy the walk arounds. As a now-retired truck driver I find myself thinking about what driving mistakes people made and what they could have done to avoid them. Usually that involves not being so damned aggressive.

@mmone1178 26 дней назад

Do more 🤩🤩🙌🏾🙌🏾 thanks for sharing

@RonKnowsStuff 28 дней назад

Do a video of most common problems to watch for on vehicles (ford explorer- transmission)

@robertmehling9766 27 дней назад

Enjoyed the walk arounds

@Dan-61 28 дней назад

I love this. I need to check out copart as soon as I can. Please, keep these videos coming.

@XX-166 27 дней назад

Keep these walkarounds coming.

@danc9440 27 дней назад

That Challenger was probably a stolen vehicle, then recovered. Just my 2 cents, after seeing no body damage and the interior in pretty good shape. Camry could be the same but not as high on the stolen list as the Challengers and Chargers....

@rockscrambler6700 27 дней назад

Love those copart videos!

@danielflinn3571 28 дней назад

Thanks for the info we’ll done from Australia

@michaelboudreau1441 27 дней назад

The only question, I would have with Copart's cars, would be, how many of the fairly good looking or in better condition cars, were previously swimming in a recent flood, in other parts of the country.

@TeKnoVKNG23 27 дней назад

They have several "lots" here around where I live and a lot of their vehicles come from the Gulf Coast and were in hurricanes/floods, most have salvage titles.

@larrydavis3645 28 дней назад

I like this type of video and I like most of your videos.

@chuckguinn4680 28 дней назад

Keep'em coming.

@muddywater64 28 дней назад

115 deg here in Tucson AZ.

@wikolib6821 27 дней назад

That's probably the blacktop. More like 108. I'm in Vail just outside the city limits and it's 102 and I'm lovin' it. Totally normal for July.

@joes3461 27 дней назад

Copart is very interesting! Yes, please more. 👍 I'm going to have to look around to see what they have around me and I'm in Arizona.

@wildwild9926 27 дней назад

Keep the video coming. Thanks

@robertcooperAZ 27 дней назад

Love to see more of your Copart videos.

@CalgaryRambler 27 дней назад

Over at RU-vids Auto Auction Rebuilds, Randy Shear, has been a youtube copart buyer for years.

@XX-166 27 дней назад

He has, for the clicks and subscribers so he benefits monetarily whether it’s a win or a bust. He also pushes electric bikes so he’s getting his money from sponsors also whether his hoopty cars work or not.

@rogersherman9077 26 дней назад

i LIKE these vids. I can wait until it gets cooler, though.

@andybrowne2117 27 дней назад

Very good vid. , well wort watching . There are Dismanters who buy old wrecked cars for parts ! [ particulary Porche ]

@muddy-one 27 дней назад

Those "other" cars are the older, high mileage trade-ins that dealerships accept to ink a deal, but can't resell. Either because of state laws or because they know banks have restrictions on age and mileage to get a potential customer a loan. Those go to auction.

@jax9769 27 дней назад

Fees are why I stopped visiting Copart. Absolute Robbery

@thomaslangton3464 28 дней назад

Show the trucks!...lol, keep up the great work!

@loufaiella3354 25 дней назад

As with any auction ....fever kicks in and they are bid way too high!! Plus the fees as mentioned and the absurd parts costs to repair them. I asked my INsurance man about a car once which did not have a clear title, He said you can buy it, but I will not insure it. In NJ if you have a salvage title it is really tough to clear it up even if it was only dented. BUYER BEWARE!!

@deanmitchell9568 27 дней назад

At 2002 to 2006 Camry. You're looking at is absolutely gorgeous. Love that thing. More old toyotas on your channel, please.

@131313griffin 27 дней назад

Co part is not as cheap as people would think as people from all over the world are bidding on these vehicles,the internet has jacked up the price of everything.

@jianbinchen2881 27 дней назад

copart fee is very expensive, u buy 5k car u will pay 850 fee

@danlemke6407 27 дней назад

Pulled parts go for a lot higher than that. Depending on what it is.

@MIHIFISI1 27 дней назад

CoPart has lost their collective minds with their fee's!

@yelapa999 27 дней назад

I find the knowledge you share as you walk around the auctions very interesting. The cars have stories if you kind of learn to read them, I suppose.

@leesmith5419 27 дней назад

I definitely would like to see more

@Big-Rouge 27 дней назад

A lot of flood cars too!

@glenncheatham1320 28 дней назад

Interesting to see this place and vehicles.

@moof7010 27 дней назад

yes keep the copart auction videos coming

@jojoxlt 27 дней назад

Crazy thing is that the car you talked about with the wrecked front end at about the 5:50 mark, we've had ppl bring those in, having been repaired and sold and the title washed from one state to the next. Needless to say, when we simply run the VIN through Google, many of them pop up with pics to the matching VIN and the customers are in utter shock.

@zackg5046 27 дней назад

Crazy that they had the new body style 2024 Tacoma there. Also, it looks like that black Tundra had rolled over. Look at the roof line above the windshield. That supports reason why both sides and the front half of the hood were damaged.

@wawalker1 28 дней назад

It may be rate, but there may be some people who still care to take care of their stuff, even in financial straits. Maybe they were trying to get back on their feet. Another thought, what happens to cars of deceased without anyone to leave their care to? I enjoy all your videos, so more like thus this one is fine with me.

@alfredsanders3032 27 дней назад

I like these videos

@carloskinlaw4648 27 дней назад

Go to IA.A. They do the same type of cars

@bruno2235 27 дней назад

That Toyota Tacoma was a 2024 and they really didn't start hitting the lots in a decent amount until this past spring. Someone bought it and had it repossessed in a few months?? They Average around $50K

@privateuser1780 27 дней назад

Those clean looking cars could be flood damage.

@13kingofbattle47 28 дней назад

More Please

@Gemmellot 27 дней назад

I want to see more videos like this.

@everydaylifewithlizasreale336 27 дней назад

My question I hope you will answer. I'm waiting to buy a new vehicle. My pick is 2021 Sahara. I heard that was the best year built and low repairs. Can you tell me if that's true? 2nd question what if a manufacturer goes under what happens to car warranty? Who does the repair if needed? Thanks

@user-rl5wm1cm1k 27 дней назад

A close friend of mine has been doing repos for years. He said that only the junk goes to Copart. I have bought a vehicle from Copart about 5 years ago but they aren't that easy to deal with.

@Acc0rd79 27 дней назад

Progressive insurance in FL has made my monthly payments go through the roof!! I have 4 cars, 2 are 20 to 30 plus years old. Last year at this time it was 577 a month, this year is 878 a month!! Zero tickets or accidents. They have lost their minds. I have been thinking of dropping them after 20 years of being with them. We have also though about moving out of Florida, home/car insurance is the highest in the nation!!

@beverlystephens6964 27 дней назад

Yes please do add more copart videos

@Kjhgr01 28 дней назад

Samcrac used to do a bunch of those Copart visits and stopped, I'm glad you're visiting them once in a while too!

@BVAutoService 27 дней назад

More great news! :)

@AaronMartinCOOLVIDEO 27 дней назад

Some of these cars could also be donated to charity. That's why the interiors are so clean.

@rasserfrasser 26 дней назад

LOL, Copart is opening up visibility because they're starting to stack up inventory and want to move assets if possible. That's what this video says to me.

@stephanhamaker883 28 дней назад

Some cars are donated

@shojus 27 дней назад

Progressive has raised my auto insurance rates twice in a year, and it's now 40% higher than it was when I initially was quoted online. The worst part is, they are still the cheapest! Disgusting

@no1be4me2 28 дней назад

Good...

@williamrichardson3993 27 дней назад

I'd like to see more copart videos.

@wespotter6985 27 дней назад

Why would a bank put a repossessed car through a coPart Auction, a nice car.I should never be amongst all these wrecks. That makes no sense.Send it to the regular auction where the car can be green lighted

@davea691 27 дней назад

Are the engines and transmissions certified to be ok at Copart like your other auction house?

@nickkatknight 28 дней назад

I just had to cancel insurance on my paid for pickup because I can't afford the insurance on both financed kia and the truck too.

@jefferyspires6339 25 дней назад

Theft recoveries gone for more than 30 days from the owner, sre totaled by Insurance co's.

@mhm925 25 дней назад

21 Tundra. 300/100K coverage $500 Deductible. $65 a month. SouthWest USA.

@mbleznyk1 27 дней назад

used engines and transmissions go for 1500 these days, i remember paying 7-800 for used engines 20 years ago....

@aaronbritt2025 27 дней назад

Insurance rates are getting so high, soon we're going to need government subsidized car insurance so low income folks can legally drive to work. My rates here in Vegas went up 39% this year. Yep... 39%.