IAAI vs Copart which auction to use! (Beginners Guide)

[@danecarpenter8735]

I like IAAI better. They have videos of the cars running and just seem more honest about the process and where the cars come from. Copart has gotten fishy where cars are purchased and fixed a little and put back on the lot.

[@mercedesbenzs600bash]

IAA won't let me start the car, UNBELIEVABLE,I definitely wont be able to use them, I'll stick with COPART...Great information my man....

[@SergeyPip]

Each site definitely has its own benefits! Copart definitely has the huge one where you can start the car.

[@mr007able]

Crazy ass hell, I'm buying car but not allowed to start it .

[@cardiffgiant9406]

@@mr007able They are salvage vehicles...so you really are taking a gamble.

[@MichaelP-ke1tm]

There's an IAA promo code to avoid the $200 fee. Google it.

[@constancedunson153]

Can't find the promo code :(

[@stefanysanchez2874]

Winner of a video, been searching for "auto auction sites" for a while now, and I think this has helped. Have you ever come across - Conubraay Cars Capitalization - (should be on google have a look ) ? Ive heard some unbelievable things about it and my buddy got amazing success with it.

[@gmdesignservices]

Copart does not require a yearly fee for public auctions. You have to register and then scan and send a copy of your drivers license or State Identification. After that is approved, you can bid up to $ 1,000.00. If you wish to bid beyond that amount you have to place a deposit of 10% the amount you wish to bid up to. For instance if I want to bid up to $ 1,800.00 I have to place a deposit with them for $ 180.00. The deposit is 100% refundable. There are thousands and thousands of public sale vehicles all the time. No license required. I am not sure about IAA but you can also ship with them and they have an estimated shipping charge that can be seen while viewing any vehicle.

[@SergeyPip]

Gary Meleski you are correct, thank you! They do offer shipping, but in my experience it is much more expensive to use them rather than finding someone else.

[@gmdesignservices]

I agree. It is better to find your own shipping company but that is probably a topic for another video.

[@AdedejiSalau]

What's my best bet if I win a lot on copart and I don't want it. How best can I manage the situation? I'd like to use my account to it for another vehicle of my choice. That was just more like trial and error

[@AdedejiSalau]

@@SergeyPip what can I so in a situation where I win a lot on copart and I don't want it, without risking having to pay a relisting fee

[@ildegalaviz4005]

@@SergeyPip what company do you usually use ?

[@altongu2797]

Q? 1.)What are all the fee's associated with buying at either Copart or IAAI auctions? Nobody seems to want to show up front just how much you are going to get screwed!!!! in additional fee's above the auction sales price??? 2.) and how much do I have to pay extra if I am not a lic. dealer?????

[@SergeyPip]

alton gu video was getting long and I totally forgot to talk about fees! I'll make a video by the end of this week to go over fees so stay tuned!

[@xSOFAxKiNGxBAKEDx]

Just what info i was looking for nice vid...thanks!

[@thisfromchris6463]

Thanks for the tips. Have you ever been burned by a pending (p) cert of title? Is it just a matter of waiting a few weeks or so, or do you have to worry about never getting a clean title?

[@MichaelP-ke1tm]

Copart changed their rules. No more inspecting vehicles. IAA lets you inspect a day before.

[@TheDoitlater]

Interesting, I just inspected 10 cars on a copart lot today.

[@jasonfrance4927]

Some copart lots are different some do some don't

[@nvaliekombo4205]

Great video. How do I know which state is public. Besides the buy now price display against cars, if during auction the amount is less than the one display on buy now, can the highest bidder still get the car.

[@Andykhar85]

Which one do you think brings more money?

[@waleadenuga2082]

Please how about buy it now? Any advice on that?

[@zaidalobaidi2970]

thank you very much , your video is very useful

[@extuck]

Great video Sergey Pip, but if I do not have a dealer's license, must I use a broker to make a purchase for them both IAA or Copart? I am trying to purchase a high-in vehicle for my own personal use. 2nd question how hard is it to get a flood car up and running and the electric item in the car working? Porsche Panamara!!!

[@SergeyPip]

non ya Hello! That depends on the state you live in. If it's a public state, you do not need a broker or dealers license to purchase. If you live in a non public state it will depend on the auction. Copart, you should be able to make a purchase. IAAI will most likely not allow it. But for an expensive car like a Panamera, I'd suggest you do use a broker. Watch my IAAI VS Copart fees video and you'll see that a public buyer's fees are much higher with newer/expensive vehicles. Let me know if you have additional questions!

[@extuck]

Thanks a lot. I'm in NC do you If one broker is recommended over another like as far as broker fees or revealing your max bid to the seller or price raising? Sorry to be a pest.

[@SergeyPip]

non ya don't be sorry! I'm happy to help! Broker fees will depend on the broker. I know iaai can help you find a broker, or they have a link on their website that shows brokerage websites that help people buy from iaai. They can't reveal your max bid to the seller. Most likely what a broker will do is place your max bid on a vehicle. To explain that: say the prebid closes at $2k and your max bid is $4k. The bid will only increase when another person places a bid. So say you are winning at $2k, someone bids $100, the system will automatically bid for you another $100 increasing the bid to $2.2k. Another person bids $100, the system will automatically bid again raising the bid to $2.4k. And that will happen until your max bid is outbid or until you win up to your max bid of $4k. Does that help?

[@extuck]

Wow, great information sir, I have subscribed to your channel can't wait to see more auction videos

[@SergeyPip]

non ya thank you! Hope you stick around for a while! 😀

[@jstephan03]

Great guide thanks! What if a car I want is in a different state that doesn't offer Public sale and I do not have a license?

[@SergeyPip]

jstephan03 if it's not a public state, you will need a dealer or a broker to play the car for you. I believe iaai offers that service for situations like that! Best of luck to you!

[@JuanPerez-ek5vg]

Im from texas and public buyer, can I buy a car from an other state that ir public and ship it to texas?

[@rhapsodyofrealitiesai]

Thanks for this video

[@bbdbrokerage3524]

Thank you for sharing. how can I search with a stock number ?

[@iamthatiam1111]

Why am I seeing bad reviews on this company? What is your take on them?

[@MeyWorking]

Thanks for all the info you shared!! May God help you in your business.

[@SergeyPip]

Thank you!! God bless you as well and thank you for watching!

[@1ofdem1s25]

Which do you prefer & why? (Iaai or copart) because I’ve heard copart fees are really high but I heard the same about iaai

[@ishaharshad6492]

1 ofdem1s2 I trust iaai more because whenever my dad would buy from copart they would be worse then what their condition is whereas you cannot really scam through iaai

[@ishaharshad6492]

Plus you can get a better deal on iaai with the cars especially the Timed Auction

[@t.g.5797]

Excelelnte. Info resent iaa. Licnses. Buyer. Ready togo. Thks much. !!! Sir.

[@rockstar-qc6gz]

question. does IAA have " on reserve" or "on approval" Maybe i missed it. But i didnt hear you mention it. I learned a lot that i needed to know though.

[@tonymtz1]

Did you find an answer to your question? I have the same question myself..

[@zart3374]

They do have it, but it doesnt specifically state it on the website.

[@computergeeqs777]

Dear please let me know if i just want to start join live auctions to see selling prices of vehicles, not for bidding purpose being as individual not dealer..

[@SergeyPip]

I think you can do that on both auctions if you just create an account.

[@albertoomar819]

Is IAA better than Manheim? I see IAA has vehicles with minimal damage. How’s the prices ? Please help anyone

[@joedavidson9159]

Have you used the Broker service before or are you a dealer?

[@SergeyPip]

I am a dealer and have never used a broker service.

[@regdondada]

best info bro thx a million , on the pre- bid if your number is low, can i still bid on it when it's live IAAI

[@SergeyPip]

Yes! You can increase your bid during the live auction if pre-bidding has closed!

[@lubap4587]

THANK YOU FOR VIDEO

[@reponut12345]

For some reason I can buy from IAAI without a license in my state but Copart requires it. Maybe it has to do with IAAI having live bidding

[@SergeyPip]

It very well could be! In my state, it's the opposite. You can bid on Copart without a license, but there are limits of up to how much you can bid on a vehicle, until you provide necessary documentation and leave a deposit.

[@saavedracrewable]

Do you need certain apps or downloads (like Adobe) to see the auctions live on iaai? Do I just click on the vehicle I want to bid on and it will show it live?

[@kevinhopkins7317]

What’s it mean when copart makes you have a deposit for bidding?

[@SergeyPip]

Standard practice for them. They will use that deposit if you have outstanding fees owed to them or fail to pay for a vehicle and it will cover some of the fees owed.

[@d.zaldivar1354]

I got a membership at copart but i want to know if i can go to an actual location to see the vehicles before purchase. Can anyone please reply. Thanks

[@SergeyPip]

D. Zaldivar if you have a membership and you are able to bid on and purchase vehicles then you can go to a Copart location and inspect vehicles. But to get the best answer, call your local Copart to double check.

[@d.zaldivar1354]

Sergey Pip thank you for your reply. I will do that.

[@andreira902]

Hello Sergey. If I buy from abroad, do you have any idea about which companies can I hire which will help me to pick up the car and send it to my country?

[@SergeyPip]

Hello Andrei! I have never shipped a car out of the country, but there is a dealer in California that works with these two companies: "USKO Shipping" at 916 607-0000 or "West Coast Shipping"/ Alex 347 416-4695. I have never used them, but give them a call and see if they can help!

[@heshamelhashmey4538]

first big thank you you sir 4 this information relly I were looking about it I have a question, both of the sites when the writing (run and drive) is that means the don't have any issue or problems in the engine or the gearbox?? at last relly thank you for this vedio

[@SergeyPip]

Hello! Thank you for watching! Both auctions use a similar definition of a run and drive vehicle, which is the vehicle moved under its own power forward and reverse. Which is no more than 5ft. That doesnt mean its safe to drive a run and drive vehicle. It can still overheat, or have an engine knock, transmission may be slipping and so on.

[@heshamelhashmey4538]

Sergey Pip woooow 😲 so it's depend if you're lucky or not, ooh man this is a big Risk and there are some of money on the line. thank you sergey...

[@SergeyPip]

@@heshamelhashmey4538 there is a risk! But with the 150-160 cars I have purchased, only around 10 or so had those issues.

[@heshamelhashmey4538]

the problem sergey is I want only one car and I'm scare if the car that I want has some issues 😢

[@SergeyPip]

@@heshamelhashmey4538 what is the stock/lot number? I can take a look and maybe point out a few things

[@t.g.5797]

Remarketing? What does it meann exactly? Thks

[@SergeyPip]

It usually means that the sale is done through IAAI's remarketing division which sells cars for dealers and private party. I would suggest staying away from any car that is being sold by the remarketing division.

[@rockstar-qc6gz]

another question. I see IAA has onsite bidding and will show "on-site" if a bid is placed on site. Does Co-part do the same thing ? or are they online only ?

[@SergeyPip]

rockstar10 Copart does have on-site bidding, but it's an on-site prebid before the auction starts. You to use an on-site computer to place a maximum bid.

[@iamthatiam1111]

Any other acution for public you recommended?

[@SergeyPip]

Most states allow tow yards to hold public auctions! I would suggest start there and see what else you are able to find!

[@wazup3333]

@@SergeyPip any other tips on determining if a car is a lemon? do they disconnect the battery's from cars from carpart and iaai ? do they all replace them?

[@SergeyPip]

@@wazup3333 I have never bought a car on which the battery was disconnected. More often you get a car with a dead battery. Number one thing I look for is that it's an insurance company selling the car. Look for airbag deployment, that's another thing that's easy to miss.

[@wazup3333]

@@SergeyPip where I was getting at was all the cars have nothing set on the computer right? because I heard all the cars at carpart are jumped because the batteries are dead

[@SergeyPip]

@@wazup3333 not always true. But you are right to some extent, there are a lot of "set up" cars on Copart. Cars that have major damage or mechanical issues that get covered up. That's why most of my salvage title cars are purchased from IAAI directly from insurance companies.

[@luckknock]

Iaa we can bid only if we become paid member?

[@nemetbayramli7187]

Hi, if i want to buy car from iaai ,i have to have 20000$ deposit on my credit card?

[@AngelRodriguez-jv6oc]

?????/ do u?

[@DGSantaFe]

I saw a car on IAA that had a "Stationary" code, what does that mean?

[@SergeyPip]

It means that the vehicle was not started. Sometimes because they have no keys, or it just wouldn't start because of the damage. There could be many reasons why a vehicle did not start and has the "stationary" code, but in the end it just means the engine was not or did not start.

[@stanleyiwundu6304]

Nice job... but is it possible to check out for someone

[@SergeyPip]

Yes, it is possible to look at a car for someone. People usually charge for the service though.

[@williamSLIT]

Do they send u the car ?

[@larahau]

Is it possible to buy from Europe? Do they have shipping service?

[@SergeyPip]

Yes, you can buy cars if you are located in Europe. I see people bidding outside of the US quite often. IAAI does offer shipping, but I think it is in the US only, and it is very expensive and not worth it. I think a simple Google search will help you find companies who do ship cars out of the US to Europe.

[@Culiacan0014]

hey what’s up man i want to get a vehicle from iaa it’s been on the lot for over a year and a month now. do they have a limit on how long they sit for before there available for bid

[@SergeyPip]

Hey! If the seller is an insurance company, it all depends on them. For example, accident involved a criminal trial or something along those lines. Vehicle probably can't be sold until that's over just in case it's needed for evidence. Or if there was a lien on the title prior to the accident, so it has to be paid off. That could also be delayed due to various reasons. 1 year is definitely on the long end, but I've seen it happen.

[@Culiacan0014]

@@SergeyPip yeah it’s an insurance company that’s the provider

[@jasonfrance4927]

Will it show a prue sale or if a reserve is on the auction

[@SergeyPip]

Copart will, IAAI will not

[@Zheka160]

Is it possible on IAAI to sort vehicles by the order they were added to the site? Is that what stock number is? Does each vehicles stock number increased by +1? If I sort vehicles by stock number, highest number would be the latest vehicle that was added?

[@SergeyPip]

Zheka160 as far as i know you can not sort by date added. I am unsure how they generate those numbers and if any parameters are used

[@Zheka160]

Sergey Pip I tried to search myself how stock number is generated, or the algorithm behind it, but can't seem to find any answers.

[@SergeyPip]

I am sure it's not something that gets asked by the public that often so finding an answer may be difficult!

[@Dominican420]

Do i pay with cash or i have to be debit card

[@ildegalaviz4005]

Why do they charge you so much more if you dont have a bussines?

[@SergeyPip]

Because if you do have a business, you are more than likely to return and buy again.

[@ildegalaviz4005]

@@SergeyPip very true but still it's almost the double..

[@SergeyPip]

@@ildegalaviz4005 I agree, doesn't make it very fair.

[@luislinares469]

last time I was bitting with virginia license a car was in Wisconsin but they reject my bitting they said invalid license I don't know why

[@SergeyPip]

Some states have very specific laws which require additional paperwork. I have a dealer account with them, but even I cant bid in some states because I didnt fill out the required paperwork.

[@luislinares469]

@@SergeyPip that discrimination to others states

[@MobileYamTechNC]

Does the IAA site still show the seller? I am not seeing it..

[@SergeyPip]

You now have to have an account and be logged in to see who the seller is.

[@MobileYamTechNC]

@@SergeyPip Ok sorry for the question. It took 2 days for my account to be approved - now I can see it. Thank you!

[@SergeyPip]

@@MobileYamTechNC happy to help!

[@miguelcastillo6708]

what does it mean when a car has its secondary damage as 'other'?

[@SergeyPip]

Could be something minor, like ripped interior or what not. But usually it's just a code for the seller to cover their rear.

[@miguelcastillo6708]

@@SergeyPip im worried its a damaged transmission, is that possible?

[@SergeyPip]

@@miguelcastillo6708 everything is possible. They check the vehicles like 10ft forward, 10ft back. Hard to test a transmission in that distance, unless something major is wrong with it. With an auction there is always a risk.

[@paulinjosepha2336]

Can someone without dealer license can buy a car on this website?

[@SergeyPip]

Yes, although the fees are higher and not every state allows Public buyers.

[@tommygray6137]

I’m thinking about getting my big rig from here any suggestions I’ve nodded on cars and got some before but never a rig.

[@SergeyPip]

A big rig as in a semi truck? I haven't purchased any of those, and usually insurance is not the seller. My only advice would be look at them in person. If its copart, start the truck and see how it runs!

[@taxxfree4792]

do I need any special license to buy from IAA if so what are the licenses required I have about 5 to 7 K I'm trying to invest in selling cars In advice

[@SergeyPip]

Hello! I believe anyone can buy from IAAI once you sign up and pay the $200 member fee. But without a business license (Dealer, Dismantler, Rebuilder, Exporter, Broker), I believe you will only be able to purchase vehicles that are available to the public. There are about 5 states nation wide that are public friendly states, Oregon and Washington being two of those.

[@eldelapalma1338]

Did you ever invest ?

[@natashaspice2655]

Hi l live in New Jersey how much cost shipping

[@shippingdepartment2803]

From anywhere you want and to any particular city?

[@ghgoogle5238]

I KNOW THERE IS FAR MORE MONEY TO BE MADE IN AUTOS. Than DABBLING IN STOCKS WITH FAR MORE CONTROL. Learn, refine and improve could replace your bad pension.

[@tommcintosh7241]

Fees,Fees,& more Fees!

[@MrDexPrexy]

Can you finance a car or does it have to be cash

[@apv0222]

buying throught copart it has to be cash only cant be financed. and by cash i mean they only take cashiers check or money orders

[@MrDexPrexy]

Andy P ok

[@ezeo.7315]

What about “but now cars”

[@worlddreamer2047]

Copart has the worst customer service ever. They are very slow. My uploaded documents have been pending for over a month.

[@gsheverything_2716]

Bunch of thieves they are.

[@andyandy7968]

make a better auction

[@miltonzambrano1398]

can you make videos on buying Toyota Corolla 2011-2017 and Honda civic 2011-2017 ?

[@SergeyPip]

Milton Zambrano I will try to get it done! Are you trying to buy one and want to know about how much they go for?

[@miltonzambrano1398]

Sergey Pip yes I am , I'm new to all of this and I want to make sure my first buy is not a total failure lol

[@SergeyPip]

Milton Zambrano you never know with cars. I had a buyer who bought a car from out of state and in the pictures it had scratches in quite a few spots. When they got the car, it was literally scratched all over. Almost like the previous owner drove through barb wire from front to back. I hope you get an amazing deal, but I think it's best to mentally prepare yourself the small chance that you get a bust. Happy to place a few bids on Iaai on those types of cars and see how much they go for!

[@rob.baudemus3707]

I have a question Let’s say if the car estimated value is 15,000 how much should I bid ??

[@multyz1]

Don't forget that the estimated retail value is when the car is not salvaged and is in perfect running condition. You have to look at the damages on the car you want to bid on, analyze the cost of the parts you might need to repair the car, repair labor cost and even the cost to transport the car from the sale site to you. I always make sure that in totality I don't spend more than 50% of the car's estimated retail value after I'm done repairing the car. Also be very discipline on whatever you want to spend on the car and don't exceed that amount. I bought a 2017 Honda Accord EXL V6 with 8000 miles on it and estimated value of $25000. The total cost to ship the car to me and get it repaired would be $3000. Before bidding on the car I budged $7500 and didn't spend a dime more.

[@klutch...]

@@multyz1 did you buy from iaai or copart and did you use a broker? What state are you in? Also looking to get a honda

[@TheTASTIE1]

Is IAAI the same as salvae bid

[@SergeyPip]

From my understanding SalvageBid is a 3rd party website that mirrors vehicles from IAAI and Copart. However I am not too familiar with this website.

[@TheTASTIE1]

thanks

[@MrJachacon]

I bought a car and didn’t pickup now they don’t let me bid anymore sad

[@SergeyPip]

Did you pay for the car and not pick it up?

[@MrJachacon]

Sergey Pip no I didn’t pay it that’s why they kick me out

[@SergeyPip]

Ahh! Why didn't you pay for it?

[@henrymdza4221]

Its not business anymore with the damn fees

[@All-about-everything]

They have a live auction voice. That’s stupid.

[@shiyiyin3403]

copart is free now

[@ezeooo]

Can you bid from another country ?l

[@SergeyPip]

Ezekiel Omotola yes you can! Although I am not sure what you need to sign up. But fairly often I see bids come in from different countries.

[@ezeooo]

Sergey Pip thanks

[@vinivlog2554]

I living Brasil can i buy car ?? I have passaporte

[@jerryc.3593]

vinivlog 2 you can buy cars internationally on Copart .I see people all the time buy cars from other countries .The only draw back is shipping the car

[@MrJachacon]

My friend is in El Salvador and buy a lot of cars

[@viktorp217]

класс

[@pepsiman5848]

hello Sergey Pip if you have Facebook account or whatsapp i need to ask you for help thnx

[@wandamendez2946]

Bg

[@chukwuebukanwodo1606]

Do you have contact email??

[@petrivlog2642]

autoastat.com for check car history on auctions

[@SergeyPip]

PetrI Vlog thank you for sharing that!

[@infinitycl]

Thank you for that site.

[@deepnasta]

Good info but you talk painfully slow.

[@SI00000]

There is an app to speed up youtube videos above the twice speed limit that is normally available on youtube. Up to eight times faster or more. kzbin.info/www/bejne/mZnMfJxvas9si68

[@isaacandmary]

Are you serious dude? smh