Using a Broker to Buy Salvage Cars at Copart and IAA Salvage Auctions and Save Money on Auction Fees

This is the training titled "Should You Use a Broker to Buy Salvage Cars at Copart and IAA Salvage Auctions?" that I just did LIVE in our private Facebook group. In this training I discuss how salvage auction brokers work, when should you use them and is it worth using a broker to buy salvage cars from IAA and Copart.

I also recommend brokers I've personally used and discuss broker and auction fees and how you can save the most money on your next salvage car.

If you like this type of content please be sure to subscribe to our FREE Facebook group called "Salvage Secrets!" The link is below..
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[FutureDoc]

I used a broker to buy a 99 jeep from copart.
(Below numbers are all from 2020)
Winning Bid: $2700
Broker fee: $200 excluding the $400 deposit.
Copart Auction fee: $700 & storage fee of $50
Transport fee: $420
Final cost without repairs: $4075
I would have rather bought the jeep locally.
Please make sure you consider all the fees when bidding on a vehicle.

[garyc]

Andre, thank you for taking the time educating all of us about what "not" to you're a gentlemen sir!

[kenolpompilus]

By far you the only one that gives the information straight forward. I like how you explain everything

[IQToms]

I can save you 30 minutes of your life watching this rambling video. Brokers are a terrible deal in states where no license is required, i.e. GA, PA etc... In states where a license is required you have no choice if you want to buy. Figure $500 on top of all the Copart/IAA fees (which are many and new ones are added frequently... recently they added $10 environmental fee and then $20 title pick up fee on every sale).

[vaprtranz]

This should be required viewing! ty. 1 point on very low bids: if the car/bike stays below <$3k, it's often cheaper to just buy the car from Craigs / Autotrader from a private seller. After adding up all the auction fees, the cheap bidding math comes out to be more expensive.

[michaelheridia]

You're awesome man! I literally spent 2 days on hold trying to figure this stuff out! Never got a definitive answer. You're too cool! Thank you!

[vaitx]

Andre I just like to make a comment about finance and insurance on these vehicles. I’ve been doing this for close to 30 years and I had many vehicles that had went to the auctions were rebuilt by me and then try to be sold even got inspected at dealerships you could find them nothing wrong with it yet banks would not loan on them and Insurance companies would not ensure them. Now for most people that are looking for a deal this is not that big a problem a lot of times they can get away with doing other types of finance and or getting insurance that is not your highest grade let’s say but that I think that really needs to be covered because reselling is so much more complicated and it’s tough to explain to people even when the car is perfect. i’ve lost many sales just because an insurance company made someone believe that the car was junk completely wrong by the way and or a bank just would not loan any money on it and you couldn’t talk to people you know in the same sense. Just some thoughts I really like your channel I’m watching all your videos getting ready to do my own on some Volkswagen pick ups just kind of a fan and I like your enthusiasm and just wanted to make sure you think about that when you’re talking with other people because that’s been a problem for me many times thank you

[higherregion]

You are the best youtuber in this category, I'm surprised you get so little views.

[ahmedawad]

Thank you man for all this great informative content and i really like the happy always smiling attitude of yours. Keep up the good work buddy!

[SalvageSecrets]

I usually go Live in the group every week and discuss everything you need to know to buy and sell salvage cars profitably.
You can ask me questions too! Thanks for watching.

[sylvesteradim]

I like this guy, always his real self

[hogscattle]

You're really being a blessing to others! Thank you for sharing!

[willieboy]

it is a chance like everything else if you want to be successful listen to those that want to help you and plan!
good job on video

[sl]

Great video, I'm not even interested in buying a car right now but I enjoyed all the great information

[InMyBrz]

ANDRE .. you don't need to have an automotive dealer to get the business price
You can have ANY KIND of a business license, not necessarily a car business
You could be an accountant, car repair, electrician etc

[playedbyear]

i am so glad this vid exists. EXTREMELY helpful - thanks a lot

[afis]

Also, these Auctions, "stage" some of the vehicles to hide damage, so be careful. When in doubt, pay for an inspection before you buy!!! This guy knows what he is talking about. Just know that these auctions are not your friend.

[dereksmith]

Thanks!!!! This video helped me out so much. All the questions I had left that I couldn’t find answers to I found in your video! Def going through a broker now

[keithbell]

I called Advance Motors, LLC. They are a registered broker for IAA although there is no mention on their website because they focus on Copart. They have a completely different registration for IAA and there is no 45 day trial, only a $100 annual registration fee. I see no way to register for IAA on their website so I would be inclined to not use them for IAA.

[joeburnsandclassiccars]

Thank you for the detailed info. I'm a public Copart Buyer and I've purchased around 10 cars to far. Only being able to purchase in far away states that alow public bidders is very time consuming when you have to pick them up yourself. Hope to check out Advance motors tomorrow.