Copart for beginners Part 1

This is episode one of a series of videos on how to use Copart for beginners. This series will guide you through the pitfalls and some quick wins to help you to succeed where others have failed.

[@finnationofthenation]

Awesome content on this channel. Great to see guys in the UK putting these productions out. Really interesting and informative. A video like this is gonna make your channel blow up soon enough. Please keep up the great work!

[@SirTerabyte]

I really enjoyed watching this video. You broke everything down and explained clearly.

[@cozicant]

Keep up the great content, you deserve loads more subscribers. Very informative.

[@cagmito76]

been using co-part for 10 year nearly skipped these videos , but i learned a few good things out of these videos and ineteresting viewing too , thanks !! .

[@makavelimotorsport6165]

Paul don’t forget the vat on the buying fees and delivery,great content by the way

[@CarsForPaul]

Your right, I should have mentioned the Vat. Good point

[@raphaelfabris1422]

What is the vat percentage?

[@Lana.russelll]

@@CarsForPaul Hi Paul, Ive been watching all your videos, I need your help to make business of buying cars and sell them in London, I need your expertise and I have no one just all by myself.

[@gedhiggins1032]

What a top geezer mint vids .the best car guy ive seen on here appreciate the knowledge your giveing thank you mate

[@CarsForPaul]

Glad you enjoyed it

[@davidd7246]

Great video! A question on repossessed cars: as you mentioned fairly low risk but have you come across instances where the previous owner damaged/vandalized the vehicle before repossession?

[@murilo8464]

Absolute A1 Video as always Paul! Keep up the good work. Just to let you know about the sites I use when selling a car. The bests are AutoTrader and eBay. However lately my last 2 cars that I sold were through Gumtree. I got more serious buyers from there. Would not recommend Facebook specially the marketplace area that Facebook has. You will get loads of messages but all time wasters!! Looking forward to your next videos!! -Your N1 Viewer!! Lol

[@CarsForPaul]

Good tip, thanks for sharing

[@rampersonal448]

Great video, Thanks.

[@MHPCS]

Thank you Paul, I've learned lot's things from you! Appreciate your efforts to help people's likes me.

[@faisal21532]

Best video I've watched on YT for some time. Great content, great delivery. 👍👏🥶🔥

[@faisal21532]

Subscribed even without being asked ✅

[@CarsForPaul]

Glad you enjoyed it

[@YeadMahmood]

we want to see you regularly live bid, please make some more video on biddings.

[@PYakMan1]

Thanks Paul. I am really going to use CoPart as will give me a steady stock that I can work with.

[@CarsForPaul]

Top man, let me know how you get on.

[@PYakMan1]

@@CarsForPaul I will do. If I can ever help you, please don't hesitate to ask.

[@innov8properties913]

@@PYakMan1 how did you get on with it?

[@PYakMan1]

@@innov8properties913 hi. I didn't get around to using CoPart. I've been using ways to get stock that didn't require going out of local area for good deals. If the wheel isn't broke then no need to fix it. L😉 If you ever need some pointers just ask. This year my brother and a friend are all going to work on this Biz full time and make some serious money if possible. But will definitely move into 2nd non car related idea as feel so many are starting to do this. But as with any market the best will always survive.

[@innov8properties913]

@@PYakMan1 thanks for your reply. I'm looking to get into it myself starting small with 1-2 cars then hopefully after month one have 4 cars. I've read it takes on average 55 days to sell a car? I was wondering whats your opinion on this say if its a in demand car how quick should it shift?

[@josephmwanza5362]

Great video thank you very much. Subscribed.

[@GillyGilb]

Hi Paul, appreciate this may have changed as you put this video on over a year ago. I'm looking on Copart on my account and there doesn't seem to be the option for reposessed cars anymore? All the other options are there on the vehicle finder except that. Are you finding the same?

[@bryancritchfield1218]

Hi Paul , enjoying your videos . Can you suggest to Copart that they add who is selling the car on information page insurance /finance / public etc.

[@CarsForPaul]

Am not sure that they can due to GDPR

[@Sam_Stanton]

This video is awesome, genuinely enjoyed it! Especially the live bidding.

[@JUST.POSITIVUS]

Awesome content, but could you please explain what is the full process and how to get a new V5 if brought the car without anything. Thank you in advance.

[@stevejones8665]

It's actually all explained on the Government's DVLA website, Telling you how to get a New V5 V5C Logbook Registration Document in your name if you did not get a log book for your newly purchased vehicle.>>>>> Download and fill in an application for a log book (V62). Send it to DVLA with the green 'new keeper' slip you were given when you bought the vehicle. You do not have to pay a fee. If you do not have the new keeper slip, you have to pay £25. Include a cheque or postal order made payable to 'DVLA, Swansea'. DVLA Swansea SA99 1DD It can take up to 6 weeks to get the replacement log book by post. If you took your vehicle out of the UK Contact the driving authority of the country you took the vehicle to - they'll tell you how to register the vehicle without a log book. Send a letter to DVLA to tell them you took the vehicle out of the country. Include: your name and address the date you took the vehicle out of the country where DVLA can send the vehicle tax refund (if you're entitled to one) DVLA Swansea SA99 1BA Hope this helps clear things up on how to get a New Registration Certificate which used to be called a Logbook.

[@mrnadio7491]

Nice, straight to point video. Keep it up

[@0686jase]

Great video Paul thanks. Could you do your video for buyers with mechanical knowledge next?!

[@MATB00KER]

Great video Paul, looking forward to the next episode!

[@africanfisherman5120]

Great videos, what are ur thoughts on N cat but flood/water ? What to look out for etc. ?

[@CarsForPaul]

how far the water came up to the car, its it has passed the airbox then you will need to look inside the engine for damage

[@rmms013]

Great video! But what about category x cars - stolen/recovered?

[@DSEC_UK]

Cool videos, I'm going to start this as a side hustle. What are you using for editing your videos mate?

[@CarsForPaul]

Final cut Pro

[@innov8properties913]

did you end up starting it as a side hustle?

[@paulrobinson3528]

Good explanation!

[@ahmedzeina4172]

Hi 😊 where can I find the fees page on copart website the video doesn’t mention it.

[@zahariboshnakov2333]

Great video!

[@ddk1900]

Top stuff paul. Iv been doing it now for about a year . And the way you described is the way i do it apart from i use autotrader to research car prices. Research research research thats the key. 👌top stuff enjoy your videos mate!

[@0686jase]

Hi Dean, do you buy cars ready to sell on or do you buy them damaged?

[@ddk1900]

@@0686jase hi. It depends really what the car and the deal is. I only deal in vag and astras corsas etc . I dont touch cat s . Airbag deploys . And cars with no mot. Vans are a good profit aswell.

[@0686jase]

Yeah I don’t look at cat S either, just N X and U. Looking to keep my hand in mechanic-ing since I don’t do it anymore, and make a bit of cash. Didn’t realise the repo sections had potentially such good deals though. Thanks.

[@CarsForPaul]

I do both

[@lj4434]

Very gud video

[@nimaboi4026]

I’m a beginner and I won vw phaeton 2008 plate for £1300 and end up paying around 1600 with some Copart fees and they’re changing me extra £470 to send the car from sandwich to Birmingham. I’m over budget now and I don’t want to go on with this transaction anymore. Will Copart refund me at least some amount back. Please

[@paki20]

I just bought a car from Copart, when bidding the flag and country of the other bidder normally comes up but sometimes its a white flag with a globe in the middle with no country underneath, what does that mean? I can’t find any answers anywhere

[@SubOhmN8]

Look up the term "Shill Bidding." That should answer your question. Copart has employess or agents participating in these auctions, artificially driving up the final price of these vehicles when they sell. It's fraudulent and unethical business behavior. Copart is well known for their dishonesty.

[@pompeydan3]

Excellent video, subscribed, cheers mate 👍

[@awais155.]

Good video

[@petest3992]

Great vid! Love the channel. Can you explain what I have to do to put a cat S and cat N back on the road please?

[@CarsForPaul]

You don't have to do anything other than repair them. From a DVLA point of view, you just have to apply for the v5 doc using a v62. when you get the v5 (which will take around 6 weeks to come, it will have a stamp to say it is a salvage car. That's it.

[@tenkam]

Another great informative video. I have a couple of questions I'm looking to start as a side hustle. 1. Do I need to register as a trader to but from copar 2. If not when buying and I don't want to have the V5 as an owner as this my put off buyer if car has too many pervious owners. Can I complete the traders section?

[@CarsForPaul]

1. No, you don't 2. If the car comes with the V5 you can use the yellow slip, in the case of buying a Cat N and S from copart, you won't get the V5 so will need to apply for it from DVLA using a V62. unfortunately there is no way around this, however, I have never found this a problem when selling a car.

[@tenkam]

@@CarsForPaul thank you for the great advice keep up the good work with the channel

[@getmo1345]

@@CarsForPaul Are you able to go into more details about this, possibly a video to add to the beginner series :-). As I really enjoy your videos and I wish to purchase a car and sell it on. I don't if it is best to register as a trader so I don't become the registered keeper or just put it in my name as the keeper and take the hit.

[@innov8properties913]

Hi Paul, great video, subscribed! Would you recommend this as something to get into? I'm passionate about cars and would like to buy and sell them starting off small. But after reading car dealer magazine forum with all the experienced guys complaining about how hard the business is now its kinda put me off, one said you'd need to have 20k to get started properly.

[@CarsForPaul]

I dont think you need £20k to start if you start small, you just need cars that sell well

[@innov8properties913]

@@CarsForPaul do you think you could get a car from BCA auction for example for around £1k and expect to make £400 - £500 net profit on it or is this unlikely? Cheers

[@nanakwameopoku1672]

Hello you are doing great with your videos learnt a lot from them. I need help please. Can you explan what it means for a vehicle at copart to not have a title ? Or the category says “bill of sale/ parts only/ no title”. Can this vehicle be shipped out of the country without a title?

[@CarsForPaul]

It means that they dont have a cat S or N against them meaning they are clean when you do a HPI check.

[@stevejones8665]

I would have thought it meant they didn't have a Registration document or V5C because it had been lost by the previous owner or the repossession company was unable to get it from them. It's easy to apply for a new Registration V5C document from DVLA and it's not too expensive.

[@imransaeed1454]

Is this for UK or US market

[@danielmcallister9379]

Great insight thanks

[@clasytextile7978]

Hi, i have a quick question. Within how many miles from my address do you prefer to bid on a car which not gonna cost too much for the delivery?

[@CarsForPaul]

for me up to 200 miles

[@clasytextile7978]

@@CarsForPaul perfect.. also how do you find the person or company who gonna deliver that car to your address instead of asking the copart to deliver it, because i am sure the copart delivery price must be higher then the private companies?

[@garrynutter860]

Thanks Paul, You're getting me interested.

[@aaronjames2159]

What’s the point of an auction if they can decide not sell you it!

[@scoyle1750]

Just subscribed great content 👍

[@bestmanduties]

Hello Paul. Planing on buying a car from Copart, l also trade in used cars, my question is, if you purchase a car from Copart, what details will be entered on the V5, do Copart complete the yellow trader section, or do they enter the buyers name / business name. Paul l would appreciate your comments, regards Ivan

[@CarsForPaul]

Copart don't do anything with the V5. If it's a Cat N and they have it on file, they will pass it on to you, if its a Cat S, you will have to apply for it from DVLA.

[@bestmanduties]

@@CarsForPaul Thank you Paul, l will be buying repo's,.

[@CarsForPaul]

The same applies to repo's, Sometimes you will get the v5 and sometimes you won't. Be careful with Copart repo's, it can be a dumping ground for problem cars. Always make sure you see the car in the flesh first before bidding.

[@bestmanduties]

@@CarsForPaul Hello Paul. Are you saying that the Copart vehicles listed as Repo's, may not be genuine repossessed vehicles?

[@pauln3719]

Hi Paul good video question for you if you dont mind what is the situation with Service History on CoPart cars I cant see anything on the site? Is there a way of clarifying before purchase if there is any? Many thanks

[@CarsForPaul]

Most copart cars will have the service history details removed due to GDPR, but some cars do come with the history left in the vehicle if your lucky

[@haseebsagheer5544]

Hello whats.Highlights: Enhanced vehicles? In copart auctions

[@ryanzionsvlogsuk9482]

hello paul . i would like to ask a question . ihope you can help me. the insurance categories my car into s and i retain it my car. my question is how to process or changed the v5 to dvla? thank you

[@CarsForPaul]

if you have the v5 then you don't need to do anything. If you don't, then download a v62 and fill it in and send it off

[@ryanzionsvlogsuk9482]

@@CarsForPaul thank you paul. i got the v5 .

[@vibewithmike27]

Where’s the best place to sell the car after you’ve got it up and running?

[@CarsForPaul]

eBay or Auto Trader are good places to sell them. Gumtree too.

[@RetroKadez]

Craigslist

[@HW-op7pq]

Great info, thanks for sharing

[@abdulazizfarah7422]

Paul - is a risk if I buy car with under carriage damage

[@CarsForPaul]

It depends on what it is, each car is different so you will need to assess this on a car by car basis

[@polamomo7109]

Good video ,keep making videos bro

[@Ahmad-tj2yc]

Thanks for the video, looking to buy the car for my own use. even after taken all into account can there be a car in the repocession tab where copra hasn't stated whether the car has any mechanical issues or not? or do they have to state everything ?

[@CarsForPaul]

Copart will endeavour to give as accurate a description as they can (trade description act) but sometimes they over exaggerate the damage. To be safe, it's always best to see the car before bidding, if possible

[@ariffcampbell3367]

Thank you 🙏

[@abdihassan2953]

Nice content I learned a lot I was thinking buying car @ copart can't change brakes 😂

[@st-bx1cd]

Can you explain the difference Copart UK vs BCA? Please.

[@CarsForPaul]

Copart is a more mature version of BCA having had a digital selling platform for longer and originating in the USA, they also have more yards in the UK hence offering more choice, however, the fees can also be more expensive.

[@st-bx1cd]

@@CarsForPaul Thank you your reply. Sorry, who's fees are expensive Copart or BCA? Thanks again.

[@CarsForPaul]

Copart

[@karlskipsey2964]

Hi Paul, is the sales price of the car liable for VAT also?

[@CarsForPaul]

the car isn't unless stated, but you will pay VAT on the copart fees

[@karlskipsey2964]

Thanks for the reply Paul, that's what I thought!

[@joeabbott7839]

Ijust want buy harley for parts

[@yonathan7045]

thanks for the video juts like you promised.

[@videos40058]

YOU JUST said that i pay a fee for participating at the auction. If i win they have the right to say no i did not won. Lol and I won the car i paid for the fees o aution and i dont have a car. How is that good? It was spouse to be a risk for all of us.

[@lukeemery6422]

You doing a video today mate

[@CarsForPaul]

yep, just uploaded, running late today due to the size of the file

[@lukeemery6422]

@@CarsForPaul okay np

[@dezontk101]

Online bid fee for £2,000.00 - £3,999.99 is £35. £7.50 is for 0-£100 cars. Unfortunately.