The truth about buying salvage cars

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Cars For Paul

Cars For Paul

Күн бұрын

Пікірлер: 147
@phillipclaridge3112
@phillipclaridge3112 4 жыл бұрын
I buy salvage cars to amuse and challenge myself. I was fortunate to get hold of a car shortly before the lock down started and over the last few weeks, I have occupied myself in putting it right. I never bring trash to my house and do not annoy the folks around me. I do not ever make a profit but I get a kick out of bringing a car back to life and then using it. I think you are right in your approach.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Thanks Phillip, and good for you. Its all about enjoyment of putting cars back on the road.
@heddj2484
@heddj2484 4 жыл бұрын
I would love to buy a salvaged car that I’ve seen, especially as it’s in a stunning and more expensive colour + has all the internal specs. Problem is I’m not a mechanic or have any mechanical knowledge, so add the wage of a mechanic on top of that too. I’d use the car myself for a few years then possibly sell it on. The temptation is real; but my lack of knowledge and experience would make it a big gamble. Just the sheer love I have for the car is enough to make me want to buy it, wether it works out or not.
@MrCliverlong
@MrCliverlong 3 жыл бұрын
Just discovered your channel, Paul. Loving what you are producing. Keep it coming. Clive
@CarsForPaul
@CarsForPaul 3 жыл бұрын
Welcome aboard!
@chrisgreen8626
@chrisgreen8626 4 жыл бұрын
Good advice mate been doing it 40years and its definitely harder now days.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Thanks Chris, 40 years?? your a legend.
@mittyahmed7362
@mittyahmed7362 4 жыл бұрын
Yup or even a professor in the salvage world
@johnbower3511
@johnbower3511 4 жыл бұрын
Great video Paul, I've often totted it up and could never make it work out ...
@davyboy888
@davyboy888 4 жыл бұрын
Really enjoy your vids Paul... very down to earth, honest, genuine and authentic. I've always avoided salvage cars myself as my bodywork skills are non-existent but having been involved in motorsport for years, I know that they can be a good place to start if you plan to use the car for track days or amateur racing. You'll need to take the car to bits to fit a roll cage and selling these types of cars is easier too as they're unlikely to be on the road and in pristine [from a bodywork perspective] condition.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
That makes perfect sense in that capacity
@grantssmartrepairs
@grantssmartrepairs 4 жыл бұрын
Great video as usual, I don’t buy cars unless I got £1000 in it but and it’s a big but I’m a painter and quite often that’s a big expense for everyone who does salvage, but in general I have 1k in every car unless it’s just a cheap one for a quick flip, but I will say you boys do like buying cars you like and not what sells, and also you buy hard hit stuff which is long winded. You are right it is hard work now but I still make a living there’s a lot to it to make it work and the realistic amount of vehicles is about 6 on the go at any one time , then you need a truck and a yard or suitable parking and a workshop and then a health float to work with buy parts pay bills etc and as you know cars sell when they want to not when you need them to 🤣🤣
@CarsForPaul
@CarsForPaul 4 жыл бұрын
You have a skill that I wish I had, painting, its my achilles heel in my skill set. And yes I do buy cars that I like, thats because I want to drive them, not so much sell them if that makes sense. thanks for sharing.
@grantssmartrepairs
@grantssmartrepairs 4 жыл бұрын
Cars For Paul it’s worth learning mate there’s loads of vids out there to help I’ll be doing a diy series soon too so keep an eye out, once you master it your bills come down as no more body shop costs, you can do it cheap enough but it pays in the long run if you can get some better quality equipment, but anyone can learn and it’s never too late 👍👍👍👍
@1972dazbo
@1972dazbo 4 жыл бұрын
Mate you have to buy hard hit stuff for it to be cheap from scampart lol....most i have ever bought from them need full floor,chassis & inner structure replacement....last CAT N car i got off them needed full rear corner inc half the floor pan & chassis replacing with inner/outer rear quarter & rear suspension.....yes i understood the damage but CAT N .....fookin laughable but good for me selling it on as "light dent" repair LOL !!!
@timdavies3162
@timdavies3162 4 жыл бұрын
Always enjoy your videos Paul I live in the midland my nearest Copart is Wolverhampton and prices go beyond stupid at times. You can go out and buy a straight car for just a few quid more which doesn’t make any sense to put a lot of hard work into repairing a vehicle. All that you can think that there is something very strange on. I watched a Mini Cooper s go for £3100 damaged on Copart the same night on eBay another Cooper s same age sell for £2000 less with a mechanical problem but that was a straight car worst case you could buy an engine for £1200 and you would have saved a fortune and have a car that wasn’t damage repaired. As you say it is hard but it possible to make money sometimes lol
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Well said Tim.
@taximan7551
@taximan7551 4 жыл бұрын
Good informative Video, thanks Paul. I agree totally with you that to make a decent living you would need at least two cars a week. Often wondered how Rob makes such a good Living but obviously does, but I should imagine we don’t see a lot of the work he does in his workshop.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Rob does very well out of salvage as he has been doing it for a while
@craigsteele4695
@craigsteele4695 4 жыл бұрын
Although i respect your view its only from the point of repairing and selling them, im a car breaker and the cars i buy off copart im finding are actually cheaper ( not cat b's ) hence why im currently buying lots of stock from there, the reason i believe is because the foreign lads that buy are currently unable to do so because of coparts decision to deliver only at the moment, the bargains are definitely still there to be had if you use your common sence and walk away if the price goes to high
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Thanks Craig, you are in a different league than most, and your right, common sense is the key
@granittmava1291
@granittmava1291 4 жыл бұрын
Perfect Video! Location is definitely key to selling any car. Thankfully I live in central London, SW1W 8DU. I sell my cars typically very fast, 1/2weeks average. Although I have to store my cars in Watford, as everyone knows parking in London, is like parking a car on the moon.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
I envy you for selling cars fast, but not for living in London, being an ex londoner myself.
@granittmava1291
@granittmava1291 4 жыл бұрын
Thanks mate, I think in one of your old video’s, you mentioned you use to live in Brixton, if I am correct. Yes, London is one sh?t hole. Every time I go Watford to collect my cars, it’s like entering another planet that is soo peaceful and friendly it’s unbelievable....
@robertbowes1001
@robertbowes1001 4 жыл бұрын
Thanks for doing this vid I’m tech myself and was thinking of doing this as a new career and going self employed but now rethinking my choices if there not much money in it. I’m not been greedy but still gotta pay the bills if anyone reading this has any ideas or other thoughts would really appreciate it.
@mittyahmed7362
@mittyahmed7362 4 жыл бұрын
If you want a decent german whip for personal use and daily driver then it's worth it but not as a full time job, more like a 'german' salvage car hobby
@CarsForPaul
@CarsForPaul 4 жыл бұрын
you would be better off buying cars from auctions to resell, and even that is a tough gig, but still better than salvage
@makavelimotorsport6165
@makavelimotorsport6165 4 жыл бұрын
Great advice Paul,for me with salvage the value is in the use ,I buy cheap small to midsize cars repair and use for six mths to a year,then sell for small profit.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Thanks for sharing
@mittyahmed7362
@mittyahmed7362 4 жыл бұрын
If you're buying an st or a gti for personal use, or a daily sport car and then it might be worth it but salvage car business as a trade not really worth it. Example, if I'm looking for a ford fiesta st to keep as a daily driver, for personal use it's cheaper getting a salvage one and repairing it An s3 or rs3 which will cost too much to buy from autotrader then salvage cars are worth it I agree with paul that copart are raising prices and fees and do you know that copart are only allowing for themselves to deliver the car which will cost around £500 Rock on guys, stay safe 👍🏼
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Thanks for your comment
@tylerdurden5303
@tylerdurden5303 4 жыл бұрын
Hi Paul. Always enjoy your videos. Referring to the sale of the 2016 Fiesta ST on Copart, did the £3000 also cover the cost of Copart membership, Delivery, Online bidder fees, etc... I think it would be interesting to do a video of the TOTAL cost of the purchase of a vehicle from Copart - i.e. ALL charges incurred - just to provide a clearer picture to anyone interested in buying salvaged cars from Copart. Thanks
@CarsForPaul
@CarsForPaul 4 жыл бұрын
No, they were all extra
@paddyjohns8086
@paddyjohns8086 4 жыл бұрын
Just found your channel today paul this video is bang on the money information wise👍
@hithere8699
@hithere8699 4 жыл бұрын
These info/edu videos are great along side the mechanical fixing vids. I have 2 weeks left of work before redundancy and looking to fill time with something so keeping an eye on the auction sites. I do a little spreadsheet of parts needed, research the costs, allow some contingency and a some change for the pocket and I don't see how these guys at the moment can be making profit on flips and if buying4self they may as well just go to autotrader/ebay and save themselves some time and pain. And as you say with all these vlogs around now, it probably inspiring people to jump on the gravy train... I think the gravy has gone cold, thick and lumpy
@CarsForPaul
@CarsForPaul 4 жыл бұрын
I couldn't agree more
@SeriousAboutSalvage
@SeriousAboutSalvage 4 жыл бұрын
Paul, it is possible to make £1k on a salvage car, but you HAVE to be able to do everything your self, and i mean absolutely everything including paint and collecting the car to keep costs down. And the car has to be the right price to start with ofc.... but its possible! I have made over 1k from one car but for context i recently lost £950 on one of my projects and my own stupidity as well. I wouldn't advice anyone buys a salvage vehicle with the idea of making money unless you can complete the rebuild completely your self.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
And here lies the problem, most people need help, so making money from salvage is a tough gig at the best of times.
@user-te1le7ck6b
@user-te1le7ck6b 4 жыл бұрын
Brilliant analysis Paul people jump on bandwagon and think they’ll make money but mostly they will lose plus there is a big difference in quality between repaired cars hence prices fluctuate depending on who is selling. Personally I would only buy small value cars with less risk for personal use.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Thanks G
@grahamwalker9193
@grahamwalker9193 4 жыл бұрын
As usual a very good video Paul. One thing that some people forget to factor into any buying, sell and repairing cars is the Her Majesty’s Revenue and Customs HMRC. If you buy repair or flip cars you will depending on how many you sell be classed as a motor trader and will come under the view of HMRC. These people are watching advertisements for car sales and check email addresses and contact numbers. After they have done their research into your activities they will send you a tax bill, and the burden of proof is on to you to prove you don’t owe the amount they are claiming, good luck with that one. 😂😂
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Good advice
@TheSparkysdog
@TheSparkysdog 4 жыл бұрын
Good advice Paul, people think its easy and its not.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
indeed
@captaintendieman8937
@captaintendieman8937 4 жыл бұрын
Been doing it for around 6 months starting from scratch. done two cars, made nearly a grand on one (very very lucky), am probably going to be losing 400-700 on another due to covid and prices sank overnight. I do it for fun and not making a profit really. Any money made just goes back into cars or tools. Good advice given as always Paul!
@nadim2769
@nadim2769 4 жыл бұрын
If you don't mind what's your opinion of it so far? Planning on going into the game next year
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Thanks
@id776
@id776 4 жыл бұрын
Nadim I’ve been in the game for solid 5 years now and my advice is stay away from salvage cars at the moment if you intend to do any kind of profit You can earn good money but its a lot of work for nothing and you need a good starting capital because most of the time salvage cars will sit on your driveway for months before they get sold for as little profit as you can imagine
@nadim2769
@nadim2769 4 жыл бұрын
@@id776 that makes sense. If you don't mind me asking what sort of cars do you sell. The area of London I'm in small superminis are preferred, like polo corsa fiesta sized.
@id776
@id776 4 жыл бұрын
Nadim to be hones I sell very different kinds of cars ranging from small cheap run abouts to really nice luxury cars. But that’s just because I’m a car enthusiast I love cars love buying them love working on them and love selling them and I enjoy every type of car even the ugly ones. If you’re looking for quick sales and quick easy money the small cars are your bread and butter like corsas fiestas polos clios toyotas fiats etc Easy to work on and easy to sell easy to find parts I’m in Kent not far from London and everybody is looking for a cheap small reliable car
@fatwalletboy2
@fatwalletboy2 4 жыл бұрын
Solid advice paul. The bonus of a private garage is that you can stop work at any time without a need to pack everything away everytime then getting back out again when work restarts......to be able to just close a garage door and leave your tools etc in situ and walk away is great.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
I couldn't agree more
@TheSjd001
@TheSjd001 4 жыл бұрын
Good video Paul, but I would say the buying market isn’t that restricted with regards to other avenues of buying cars and parts. Parts still available online. It really all down to doing your homework which will be a lot longer, but definitely not impossible. Definitely agree that it not a massive money maker hobby, but all about the enjoyment and knowledge for me. Stay safe my friend.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Your right, parts are available however those specialist parts that are often hard to come by are now none existent its always the part that you need. sigh
@moshazza5684
@moshazza5684 4 жыл бұрын
Paul...i bought a ford ka off a salvage auction site called raw2k. it was listed as unrecorded being sold as a police siezed vehicle. I did a hpi check and it came clear. So i bought it. All bolt on damage, 65 plate. unrecorded. happy days i thought. applied for V5 and started buying parts. 4 weeks later had a letter off DVLA telling me they cant issue v5 due to car being Cat A!!!!. i called the salvage agent Raw2k who said sold as seen. read our disclaimer...you should have done your checks. So i then contacted the HPi check company...they told me that after i bought the car on 17/01/2020 Admiral had settled a claim on it on 13/02/20 and put it as cat A. so i had to then contact admiral who at first were saying data protection etc but eventually got throught to a nice lady who was very helpful and told me that they were not able to inspect the car as police had it siezed so paid out and assumed it would be crushed and put it as cat A. so basically the salvage auction site sold the car at the direction of cheshire police whilst the claim was on going which they shouldnt have. Luckily i sent in pics of damage and proof of purchase to admiral who thankfully sorted it and removed the cat A. Otherwise i was looking at taking legal action against the salvage auction Raw2k as it was mis sold. i would have tried to recover costs of purchase, recovery and the parts i bought i would have had to resell. Despite them saying sold as seen, read our disclaimer i knew under consumer law i had a case. So be aware guys...do your checks but even then like me,,,,despite doing the checks you can find issues later on.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Glad it all worked out in the end, a good lesson for all to observe.
@sydmichel
@sydmichel 4 жыл бұрын
Nice one Paul, I learned lots from this.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
You are welcome
@neilmartin5341
@neilmartin5341 4 жыл бұрын
Another great video Paul, I only have a Charles Trent account it's the same group as ASM. Cars always seem a bit cheaper than Copart but not as much choice. Handy that Charles Trent Rugby is 2 miles from my house. 😀
@CarsForPaul
@CarsForPaul 4 жыл бұрын
I must say I am a ASM fan myself, and even more funnier, I have a charles Trent about a mile away too.
@nadim2769
@nadim2769 4 жыл бұрын
I'm in east London, and us Asians prefer small toyotas and nissans. I'm planning on doing exclusively yaris, Micra, and prius. Maybe the odd fiesta or corsa. Would this be a good idea or no? I can get a space around 5 miles from my house that'll fit around 4 or 5 cars
@neilmartin5341
@neilmartin5341 4 жыл бұрын
Nadim id stick to small Japanese stuff for London, I have just finished repairing a light damaged Micra they always sell well.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
you live in a prime area, as a ex Londoner myself, you have one of the easiest markets to sell cars. and yes small cars are good to sell.
@nadim2769
@nadim2769 4 жыл бұрын
@@neilmartin5341 thanks Neil and Paul, makes sense. I'm only 18 but if I don't start now, then I'll wish I did down the line. My goal is to one day have a dealership, but first need to test the waters to see for myself
@EinkOLED
@EinkOLED 4 жыл бұрын
Micra's, Yaris don't sell for much, especially with a cat n/s tag.
@alanhoward6553
@alanhoward6553 4 жыл бұрын
Great video and sound informed advice Paul thanks
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Your welcome
@Love500
@Love500 4 жыл бұрын
I’ve done 51 cars. 1 I lost £700 on, one I made £2non one and I broke even on one. I’ve made a good profit on every other car. Because I only do Fiat 500s, I know them inside out, I have loads of parts and break the occasional one. I don’t do it for the money I really enjoy it, but I’ve done Ok out of it. As long as you know how much it will cost you to repair you know how much to spend. I’ve pretty much got set prices for what I sell at and I often have a queue of people waiting for cars.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
I have seen lots of your videos and your right sticking to one brand reduces your risk in losing money as you understand the brand and can repair them efficiently which is key to being successful
@Love500
@Love500 4 жыл бұрын
Cars For Paul absolutely although I’m learning new things with every car. The Abarth is testing me! You keeping yours now?
@HARESMASOOD
@HARESMASOOD 4 жыл бұрын
Hey Paul, I just wanted to ask what advice would you give on buying a car without a V5 on file?
@CarsForPaul
@CarsForPaul 4 жыл бұрын
you can apply for a new v5 by downloading a v62 from the dvla website
@russellmarsh9986
@russellmarsh9986 4 жыл бұрын
Hi Paul, what do you mean when you say Copart are now inflating or pushing up the prices at the moment? Many thanks, and keep what you are do8ng 👍😊
@CarsForPaul
@CarsForPaul 4 жыл бұрын
They are pushing up delivery charges and auction fees.
@geoffreyrawlings9736
@geoffreyrawlings9736 4 жыл бұрын
Hi very useful looking at a different aspect to buying cars from copart I think can make a profit but is got to be the right car .reasonable time frame for repair and cheap available parts not buying prestige cars.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Very true!
@kassifhussain6781
@kassifhussain6781 3 жыл бұрын
Just a quick question do you think it’s worth buying a cat n or cat s car for your daily or personal use?
@CarsForPaul
@CarsForPaul 3 жыл бұрын
Yes, absolutely
@kassifhussain6781
@kassifhussain6781 3 жыл бұрын
@@CarsForPaul thank you
@Hunter-gq9er
@Hunter-gq9er 4 жыл бұрын
Brilliant video. Very interesting. I did salvage car repairs in the 80s/90s. Much easier. Stay safe and take care.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Thanks David.
@alexspence6895
@alexspence6895 4 жыл бұрын
HI PAUL . GREAT MIDWEEK VIDEO . A REAL INSIGHT INTO THE CO PART... SALVAGE TRADE . AS YOU MENTIONED IN YOUR CLIP THE MARGINS ARE TIGHT ALL REPAIRD . LOOKING FOR AA LITTLE PROJECT MYSELF . BUT WILL WAIT UNTIL THE MARKET SETTLES DOWN . STAY SAFE SIR . ALEX FROM MANCHESTER
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Thanks Alex
@jimdillon2123
@jimdillon2123 4 жыл бұрын
I think I agree with you've said in the video Paul, But when you were doing the maths you left out coparts fees and cost of collecting the car so it would have been quite a bit more money. ! This may be a silly question Paul, But any tips on buying parts and where to acquire them, OE v Aftermarket etc. Cheers for all your advice stay safe..... jim
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Ebay is the best and cheapest place to get OEM parts
@uffukgan2720
@uffukgan2720 4 жыл бұрын
Great info Paul .
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Thanks
@a11csc
@a11csc 4 жыл бұрын
food for thought stay safe paul
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Thanks Chris
@mattmpower5977
@mattmpower5977 4 жыл бұрын
Great vid thanks for the info
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Your welcome Matt
@Steve-fs4zh
@Steve-fs4zh 4 жыл бұрын
Good Vid Paul, does it cost more to insure salvage repaired cars depending on Category??
@Love500
@Love500 4 жыл бұрын
Steve no it doesn’t. It makes no difference to premiums whatsoever.
@Bootneck-RMC
@Bootneck-RMC 4 жыл бұрын
Insurers will only look at the cost of repair if the car has been involved in an accident and is damaged. Obviously they also take into consideration where you live and your length of time driving along with your occupation. If the car is a write off, they will only pay out the market value at the time it is written off (I used to be a car insurance claims advisor). It doesn't matter whether it is salvaged or not, just so long as it is roadworthy and has an MOT.
@Love500
@Love500 4 жыл бұрын
@daz374 Not really. You often see Cat S and N that were previous write offs, I've even bought a couple myself. Unlike S and N cars, B's really need to be beyond repair.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Live Love 500 said, no it doesnt
@Love500
@Love500 4 жыл бұрын
@daz374 I was told by one insurer when I bought my first salvage car that there are very very few insurers who will not cover salvage cars, but as long as it has an MoT done since the repair was done it makes no difference. Insurers want to know because obviously the car is worth less. If you don't tell them, and you have a claim, they may not pay out because you didn't disclose it, even if they didn't ask, which they don't.
@456Brian
@456Brian 4 жыл бұрын
Great great advice if I was to sell a car people would only travel about 20 miles I'm not in the industry tho
@CarsForPaul
@CarsForPaul 4 жыл бұрын
your welcome
@davidhobbies7712
@davidhobbies7712 4 жыл бұрын
Great video and good advice I enjoy this video
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Thanks, much appriciated.
@scoyle1750
@scoyle1750 4 жыл бұрын
If you are into cars it's a great place to find stock for a hobby or daily driver but you would need a bit of luck and years of experience to make a living out of it but there are a lot of people that do make a living out of it but you can't just rely on copart and the like for stock👍
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Very true
@kekkoz10
@kekkoz10 4 жыл бұрын
About salvage fiesta sts a good profit is possible only using parts off from stolen vehicles, sad but true. And probably this is the main reason why so many fiestas get stolen in uk. On ebay there are plenty of parts off from stolen sts
@CarsForPaul
@CarsForPaul 4 жыл бұрын
unfortunately true
@antonikoumi6831
@antonikoumi6831 4 жыл бұрын
Hi Paul i have been watching you vids and found them very useful, i was also looking to buy a car for my myself to keep and don't mind it having a damaged repair title against it, as i thought i could get it for a good price for example save myself 20% to 30% of the purchase price after watching some other you tubers videos i thought it would be a good time to try buying one from copart, specifically a Porsche 997 carrera s or 4s, I found one on copart which was a cat N with not bad side damage both front and rear wings on car were badly damaged and rear suspension damage, The front and rear wings were both repairable and some suspension damage on the car was also not structural, so spoke to copart asked many questions about the vehicle including whether the cars service history folder was available and how many keys also asked them to confirm it was a run and drive by starting the car and making sure it would move forward and backwards under its own power as this was not clearly stated on the notes. I then proceeded to bid on the vehicle in a live auction, this was only a few days ago, but the vehicle went for far to much money as by the time i would have paid the copart fees and delivery charges then repaired the car i would have been lucky to have come away with a 20% difference in price. I am now thinking of holding onto my money and waiting for a while longer as i believe the times we are in at the moment financially will mean that cars like this that have historically held there value if not increased in value will now start to drop in value. what do you think ? sorry to go on Thanks Tony
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Hi Tony, I think this is the longest comment I have ever had, but you are right to hang fire. I do believe that this pandemic will have an effect on car prices as dealers will offer discount to stimulate the market and this will have an effect on the secondhand market too, how big an effect is too early to say, but if the the price of fuel is anything to go by, I really believe that the same will happen to salvage, so hold back if you can.
@antonikoumi6831
@antonikoumi6831 4 жыл бұрын
thanks for your response Paul, I think i will keep looking and asking copart loads of questions about any 911 i'm interested in for example does it have a history file in the vehicle, how many keys, are there any obvious oil leaks under vehicle and most importantly who is selling the vehicle as if its anybody other than an insurance company i am very suspicious and cautious about bidding. thanks again, and i am looking forwards to your vid about sourcing second hand and new parts.
@stevenjones19-m8i
@stevenjones19-m8i 4 жыл бұрын
Great video Paul.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Thanks Steven
@thefunfairflight5006
@thefunfairflight5006 4 жыл бұрын
I buy cars for the good thing of getting them running and love repairing cars just to put it in I had £8500 of snap on tools stolen from my garage they took the hole chest in a transit van so I’m on with getting this replaced but as you no it takes time but that Audi is coming on well keep the content coming
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Thanks and sorry to hear about your tools
@roberthargrave573
@roberthargrave573 4 жыл бұрын
Happened to me to, all my tools were stolen from my mums garage it's been expensive replacing them all.
@mohare34able
@mohare34able 4 жыл бұрын
I would not agree Copart are up to tricks,Paul it’s anyone’s choice if they want to bid on cars at present. Damaged cars have been to expensive for a long time, possibly because people want to be on KZbin doing salvage builds. I buy cars all over the UK’s and transport them back to Ireland to repair them it’s just not worth the expense anymore because straight cars can be purchased for less locally and you can see what your getting for the money. I enjoy watching KZbin especially your channel, but I ask people why buy damaged cars if you not going to make a profit for your work. Copart are like any other motor trading company they want to make profit. 🤑
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Couldnt agree more.
@davidhumpherson4904
@davidhumpherson4904 4 жыл бұрын
So, if you relate it to a wage in a normal job for someone with the sort of skills you need for salvage repair, then you're going to need to do one and sell it every week and a half on average that's assuming you make 1k on every one and sell it. Sounds like a lot of risk.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
the reality is that you will like need to do two a week
@randallnicely760
@randallnicely760 4 жыл бұрын
Good advice 👍🏾👍🏾👍🏾
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Thanks Randall
@germancarfan
@germancarfan 4 жыл бұрын
The only way to make real money from copart is to buy unrecorded cars and sell them clean with a hidden history, that said it's not a way I can do business so normally make much less or break even.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
The unrecorded cars are so expensive
@1972dazbo
@1972dazbo 4 жыл бұрын
Copart make all the profit and leave absolutely nothing for the genuine honest buyer once they add their massive buyers premiums to the final sale price....Only people making money is copart & thieves rebuilding cars with stolen parts which needs regulating by the police. Honest genuine buyers cannot compete for example on a ford fiesta st like you have shown against a thief who repairs one with stolen front end & airbags they got for free ? This is why the prices do not add up legitimately ? Also foreign export driven prices up mostly eastern european ? Just type into fleabay "front end complete" in used car parts section and see how many ford fiesta,focus,kuga etc come up for sale along with all the usual stolen german stuff like vw, audi,mercedes,bmw etc.....all on dodgy accounts with zero or little feedback recently registered with ebay on knock off mobile numbers selling for a lot less than their value for quick cash. Copart & fixing salvage is a mugs game nowadays and that comes from someone been doing it since 1989 and now out of it as remember their is only a very small market of buyers who will even consider owning a write-off motor and given you have to cut the price in half to get rid of them it's not worth bothering most of the time so consider all this before you look into repairing / selling accident repaired motors,also check out trust pilot reviews on copart uk ( Absolutely shocking so l@@k ) !!! D-Hales used to be the best salvage company i ever dealt with as you paid only what you bid with no fees,now long gone sold out to copart.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Wow, don't hold back, and I do agree.
@glennford3728
@glennford3728 4 жыл бұрын
Great vid mate...quick question I looked at the mot history for that st you just looked at on copart...have a look I'm new to this but what are your thoughts...sorry the first st...
@CarsForPaul
@CarsForPaul 4 жыл бұрын
They are easy repair items, nothing that would cause me concern
@NickKoll
@NickKoll 4 жыл бұрын
Hi Paul, I really like your buddy, but to blame all people who earned more than you is not a good thing. I live in Banstead which is an extremely expensive area and 1000£ profit is not something unusual. I believe in these days we need to support each other, not to throw rubbish. Good luck my friend...
@CarsForPaul
@CarsForPaul 4 жыл бұрын
I don't think I mentioned anyone, i made a general statement, Nick
@NickKoll
@NickKoll 4 жыл бұрын
Apologies if I didn't catch it right. BTW, will support you on Patreon
@MegaGreattimes
@MegaGreattimes 4 жыл бұрын
i would buy a car off you any day .why because i no its been fixed right and its safe .so many others dont think about the safety of the car when selling it on just the $$$ pop into there head and would love to buy your fiat arbarth love that car ..
@chriseverett1142
@chriseverett1142 3 жыл бұрын
Must be money in it as you have bought a fair few.
@Onewheelcamzy123
@Onewheelcamzy123 4 жыл бұрын
good video paul
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Thanks
@Stormy177
@Stormy177 4 жыл бұрын
Do you have any recommendations for how to learn car repair/servicing as a hobby? You say you started out as a professional and now you're doing it as a hobby, but plenty of us took a different career path and wouldn't know where to begin. Would love to see a video on that if you haven't already done one. Would you recommend buying a cheap salvage car that you wouldn't mind scrapping (cost-wise) if you couldn't figure out how to fix it, or buying a car within your budget that you'd really want to drive?
@CarsForPaul
@CarsForPaul 4 жыл бұрын
am going to do a series on repairing cheap cars very soon, watch this space
@Love500
@Love500 4 жыл бұрын
Stormy177 I’ve been doing it as a hobby for 5 years now and have done 51 Fiat 500s. I learned from KZbin and forums and the trusty haynes manual. I had no mechanical experience beforehand.
@Connellski1986
@Connellski1986 4 жыл бұрын
I think it’s easy to make a grand on a car from salvage, if you find the parts in colour you’re on to a winner. I understand putting your advice out there but you’re about 5 cars deep into your channel and 4 are still on your drive being the abarth s3 and fiesta St which you said you sold, your sons car which is obv For him. The other I think you made a loss on. If i remember rightly your old daily driver was a lease or pcp. I’m not disputing what you’re saying as you needed content and trying to help others grow with the knowledge learnt by yourself. But if you buy cars like abarth or s3, parts are harder to find and selling anything with a higher insurance bracket or other £3000 you have your work cut out straight away.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
Thanks for your comment, its true to say the first few cars I bought were to make a profit, but the Abarth, the ST and the S3 were bought as they are cars that I wanted, but did not want to pay the premium for straight cars.hence why I still have them.
@darentongue5035
@darentongue5035 4 жыл бұрын
I have noticed like you said people aren’t buying yet but seen a video that Barry got a Audi as well as the mini and parts are very hard to come by. Did you say there was a story behind your car with copart and the finance company as some people don’t know that finance companies can still have a interest in a car sometimes and that can be trouble as well.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
My S3 was repossessed by a finance company so didn't get written off.
@tonyc2837
@tonyc2837 4 жыл бұрын
One or two repairers on KZbin aren’t even experienced in repairing cars like you do . Wouldn’t even let some of them repair a bicycle.
@CarsForPaul
@CarsForPaul 4 жыл бұрын
You are so right 👍
@charlie12358
@charlie12358 4 жыл бұрын
I've been doing this for five years, I don't repair anything myself other than little things that most people can do, if you do this properly, and do volume you just need a good garage to give you trade prices
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