Top 10 tips for Buying cars at Auction (Dealer Auctions)

[@modified15r]

Tip # 11 always look underneath car for frame /rust damage and especially oil leaks. The underside will tell you a lot about the way the car was treated and maintained. Oil leaks can get very costly during recon.

[@LuckyLopez777]

Vegas we don’t have rust. But I did go to Minnesota and cars less then 2yrs old where rusted out lol

[@mikeknoll1]

Here in Canada, rust and frame are a hidden profit killer.

[@saadkafeel6291]

@@mikeknoll1tell me about it😅

[@majdyammari1884]

Thank you for the effort in changing the image of used car dealers and for opening our eyes on small things that we could have missed or never knew about. Cheers

[@LuckyLopez777]

Thanks 😁👍

[@Speedycory6]

Tip #7 is so true. I bought a Manual G37 Coupe( that’s what my niche market is) from a independent and it had a really weak cold start and hesitation when accelerating. Fast forward come to find out the previous dealer did a transmission swap but used a Automatic engine harness although it needed a manual one. So true, independent dealer will try to get over on you!

[@LuckyLopez777]

Facts 💯

[@troylehman5471]

You sir should be commended!! This is by far the best video I’ve ever seen for beginning car dealers. Everything mentioned I’ve learned on my own the past 4 years and wish I’d had this advice when I started. Thank you!!

[@jamesbryant8880]

Thanks Lucky!! I’m starting my dealership this month. I’ll heed your advice.

[@SHUVO4125]

Much love to you, Boss. You are the coolest automotive dealer I have ever encountered. Your inspiration reaches everyone eager to enter this industry. I aspire to open a dealership in Georgia and attending your training class in person would be fantastic. You are a humble and generous individual, willingly sharing your knowledge with the public free of charge.

[@moo3993]

You're not wrong about the commercial real estate, Jesus. Spent 3 months trying to find a building wasn't crazy over priced in Vegas too.

[@LuckyLopez777]

Its insane right now. people are just raising rent cuz they think everyone got PPP loans lol

[@ikelenafly]

Protect this man at all costs

[@LuckyLopez777]

😁👍💯

[@Hustle5]

The best thing on your videos you go straight to the point not like others, they keep talking for hours with out saying anything because they are selfish. Thanks for your help and please can you make the necessary documents when you run a car dealership and specially when you sell a car to a costumer, what are the documents need to be signed by the buyer in order to cover your self? Thanks

[@RanvirKahlon-k7j]

Thanks Lucky just opened up small car dealership in Bay Area I see my self as beginner in this field but lister to your videos all the time and they help me A lot Thanks brother keep up the good work 🙏

[@jorgevalencia2083]

Wooowww what a good and accurate information, bben 3 months on business as a new used car dealer owner and I got my red light buying from another dealer not an insurance etc bad experience already. Your info is gonna help me a lot man thanks!!!

[@LuckyLopez777]

thanks for watching

[@jorgevalencia2083]

@@LuckyLopez777 o man thank you for sharing your knowledge, I been watching different videos in Spanish trying to get doubts cleared, but your videos have way more info.

[@Wiseguywithav]

Best video ever. Thanks for the knowledge

[@othan2753]

Thank for those tips lucky i am learning a lot of things. Keep coming

[@LuckyLopez777]

Can’t wait for the studio to be done I have a bunch of really cool ideas I’m excited to share with everybody

[@realestateoscar7724]

Very good video for new dealers. I wish I knew all this a few years ago. i learned the hard way.

[@deborahbrittenham3691]

Awesome info! The best content and presentation I have seen so far on the Topic. I have been searching for someone who explains well and gets right to the point. I guess I got lucky and found my guy. Thank you, Lucky. I will be going over your as much of your content as possible carefully and taking good notes. I want to know exactly what I am doing when I hit the auctions .. this woman is ready to do biz! I am so excited .. 😎

[@LuckyLopez777]

Thanks Deborah. and welcome to the Family :)

[@bobsides5870]

Awesome video Lucky. Congrats on the studio. I worked at a Franchise Chevy/Olds (just before GM closed the Oldsmobile line so 2004)/Geo store. Kids of the owner running the show. I'd turn 10-22 vehicles a month in a little store. I was happy yet the EGO's.. OMG! At least I maintained good relations with them. They are still in business, and have mellowed after their 2nd marriages.

[@goodtoknow1331]

So helpful especially since I'm just getting going at wholesaling. These videos can end up saving me thousands so thank you

[@deantrellzenonadair1949]

Dude thank you for this. I had an idea for a channel like this a while ago and had no idea it existed. You’re doing good work.

[@LuckyLopez777]

Thanks I appreciate it. Start making videos. There a lot of space on youtube for new creators

[@johnyabarca5975]

Congratulations on hitting 20k. I like the content you put out for us newbie's. Thank you.

[@danmastrocola3005]

I like what your throwing down .

[@ChrisVargasrpht2000chris]

I just hit the subscribe button, my picture was from my days working at Manheim in San Antonio standing next to Nissan GTR. Words of wisdom for both big and small dealers about not acting like an asshole. My title was block clerk.

[@LuckyLopez777]

Welcome to the family 🙌

[@hernandopizarro755]

Congrats on 20K subscribers!

[@LuckyLopez777]

🥳🥳🥳🥳

[@rahimvalliani]

Awesome video Thank you brother!! I am opening a dealership in a month or so this video very helpful 😀

[@dennisliuzzo6704]

This was such a great help I really really appreciate this information even though it is one year old is still continuing to help a lot of people I am sure

[@LuckyLopez777]

thanks for watching

[@dneo6149]

I wish u were my manager when I was working the dealer lol ur super nice, I had a Cuban manager and he always short sell my deal bc he wouldn’t think I can sell the customer which 90% I had the deal to the bare penny lol

[@LuckyLopez777]

I have my moment when I get upset. When cars are not selling. But I usually do something with marketing or add spiffs to make it fun to try to sell another car

[@LevelupMotorsports]

I'm in the process of purchasing an absentee owner BHPH dealership including real estate. I've been in collision repair 15yrs my wife in auto sales 15yrs. Your videos have been a great help so far. I have all the financial tax returns, property statements. I'm waiting on account receivable contracts and current on lot inventory. Any advice would be greatly appreciated

[@pclemansmith2650]

Tip 7 and the tip about going early check out you cars I can’t stress that enough to people saves you from buying headaches

[@LuckyLopez777]

💯😁👍

[@susandaffin5215]

Love it! Thanks for being honest and straight up!

[@LuckyLopez777]

thanks I appreciate that :)

[@Dake445]

Thank you. Very goods tips. I’m beginner. Really helps me.

[@LuckyLopez777]

Thanks for watching

[@mikelopez7644]

Thanks man I’m your biggest fan.

[@LuckyLopez777]

Wow, thanks

[@E.NAVAJO_505]

Those are some great tips. I'm interested in buying a car at a auction.Thank u

[@CarlosDaniel-hq5gr]

Gracias por ser Mi padrino en Auctions you are the BEST

[@LuckyLopez777]

Thanks

[@mopak79]

Thank you Lucky for sharing your tips and knowledge. Appreciate it.

[@Couple_a_Cooks]

I love your content Lucky, Always ahead of the game. Have you thought about making a series where you start from scratch and build up a business?

[@LuckyLopez777]

Yes it’s not my page. How to start a dealership

[@hernandopizarro755]

Congrats on the studio!

[@LuckyLopez777]

Thanks 😁

[@johncalvo1743]

Good vid Lucky.

[@ForsakenSteel]

I think #10 was the most important.

[@LuckyLopez777]

100%

[@phillipackerman2617]

Great video lots and lots of tips 👍 congrats on 20.000 subscribers

[@LuckyLopez777]

Thanks for watching

[@NANCYB004]

Thank you For All this JAMMED PACKED information❤☺You Made a Stronger Bidder

[@LuckyLopez777]

Glad it was helpful!

[@johnnynrqz5380]

Awesome advice, thank you señor.

[@artakzatikyan284]

You are absolutely correct 100%.

[@evgeny1463]

wish all car dealers be such friendly and adequate)

[@raymondrod6448]

Awesome! great tips thanks for the advice 👊

[@LuckyLopez777]

Happy to help!

[@kevinsealey9553]

Very good advice...thanks

[@LuckyLopez777]

Thanks I appreciate it

[@Slikk750Blokk]

Lucky you are the man bro!

[@LuckyLopez777]

Thanks 😁

[@AndrewVSmith10]

Great stuff. Thanks!

[@LuckyLopez777]

Thanks :)

[@weldingpack3893]

Congrats on 20k 🤝

[@LuckyLopez777]

Thanks Appreciate 😁

[@lamarnazar9893]

Thank you so much. I appreciate it. Also Congrats on 20K.

[@LuckyLopez777]

Thank you. I appreciate you 😁👍

[@marcussydow8593]

Great informative video Lucky! Tried finding the app you mentioned. Can’t find one called “Laser appraiser” is that the actual name of the app you recommend? Congratulations on your growth to 96k subscribers since this video when you were celebrating 20k. Thank you in advance!

[@everett6733]

Thank you!

[@mikeparker7878]

Thank you.

[@LuckyLopez777]

You're welcome!

[@DariusFromDallas]

Have you done a break down of what a floor plan is and how they work? Sorry if I missed that video

[@LuckyLopez777]

Only in my Classes and Coaching on Flooring Companies

[@DariusFromDallas]

@@LuckyLopez777 ok awesome. I'll be getting your course very soon. Just wanted to make sure I didn't miss anything. Thanks a lot

[@DBarz-uk6fw]

Awesome, thanks

[@LuckyLopez777]

No problem!

[@DylanCall-tq3pi]

Can you talk about perks or breaks vets could get at an auction or dealership. Is there anything like that for different type people?

[@russellminetree5326]

Good stuff!

[@jessicavelasquez5765]

Do you have a video for what are the first things to do if you just got your license approved? Like software? Do we need it if we are starting slow (3-5 cars)…

[@charliehernandez7158]

Lucky great stuff

[@LuckyLopez777]

thanks I appreciate it :)

[@miesham1011]

Also, where are some places you would recommend people to get a post sale inspection?

[@andregrace2781]

Thank You so much..

[@byronkirkwood9434]

Great tips!

[@LuckyLopez777]

Glad it was helpful!

[@benjim6925]

I am a small dealer here in Chattanooga Tn. I would love to meet you. I will be in Vegas this Wednesday thru Saturday. Do you have a location in Vegas?

[@LuckyLopez777]

Yes but I’m all booked this weekend. I’m going to be. Painting the new studio and filming. Plus I have some classes I’m teaching

[@maickdalu4459]

great advice

[@angiethomas8966]

Congrats!

[@LuckyLopez777]

Appreciate it

[@bavarybeaso9441]

Very informative, I highly appreciate your advise. I wonder if you can tell us from your experience, how you found your car dealership lot and how the process was and if realtor can be in any help as I found very little commercial lots that fit the zoning for rent online. Thanks,

[@LuckyLopez777]

If you go through my videos I explain how I picked up my places the reasons why behind it and also the reasons why you want to get a store front lot compared to a warehouse lot

[@raminmodaresi2786]

thanks

[@benhead77]

Good video. What’s the process on getting the Post Inspection Report? Is that something you can do at the auction or is it a 3rd party? Thx

[@LuckyLopez777]

Unfortunately everything runs through the auction house where you bought the car so when you purchase it all you Gotta do is go up to the front desk and tell him that you want to post sales inspection on whatever vehicle that you bought and they’ll do it for you

[@Hustle5]

Please what is the name off the app that did you say on the video in order to check the value and the history of the car ? Thanks

[@ScientistFun]

I was asking you about start Dealership without lot

[@LuckyLopez777]

You can you need a business address to get a dealers license or wholesale license

[@ScientistFun]

@@LuckyLopez777 I already did it but the zoning and f my city said not allowing my to show cars to customers. Any ideas where I can show meet customers

[@LuckyLopez777]

@@ScientistFun I’m not really sure how your set up is done but I have a few friends that do wholesaling in dealerships out of virtual offices are small retail offices they have one or two parking spaces in the back most states by law you have to do the paperwork in your actual dealership but you can show the car anywhere you want so if you want to drive the car down to pick them up at their house drove around and then do the paperwork at your shop you can do that I have another friend in Texas that has a 5 acre farm all of his cars are on his farm but he has a small little office in the middle of town so he shows the people the car is at his farm and then drives them into town to do the paperwork

[@ScientistFun]

@@LuckyLopez777 Exactly that what I want to do find small office for paperwork o think I have call the DMV about thank you

[@juancervantes1475]

Congrats!!!!

[@LuckyLopez777]

Thanks :)

[@manassepetit-homme3385]

I wish I could give this video 50 thumps up.. well thank you !

[@LuckyLopez777]

Yesssss 🙌 50 x 👍

[@junito1008]

0:11 👈🏼 From 20k to 446K in two yrs 🥳 nice job !!

[@ochicoloto3524]

Thanks for the details. I am trying to buy a car on auction for Turo. I did a filter. Searching only clean titles and saw a nice car but on the details it says Title Code: TN - CERT OF TITLE-REBUILT VEHICLE What does this mean. If I buy and register, will it be a clean title

[@daltonstoltz8024]

Congratulations on 20K! I send you a DM and Email about a video idea!

[@LuckyLopez777]

Thanks 😁

[@Angel-ze6jj]

my dad is a mechanic and he is renting next moth like a warehouse and it have like 10 parking spaces outside, but like is not in a main street, do you think is worth to get the license and sell the cars online? i mean like post them on marketplace craiglist offerup??

[@LuckyLopez777]

I would recommend whatever financially you could afford to start off with if it’s a small warehouse and you market online you could still make a go of it as long as you enjoy flipping cars and dealing with customers and posting online you will be fine 😁👍

[@hamzahtufail7926]

There is your next opportunity - Vegas Warehouses. :D

[@LuckyLopez777]

Im trying lol

[@miesham1011]

When you say “green light.” What exactly do you mean?

[@miesham1011]

& Yellow light?

[@dinodanny6523]

Great Education but most dealers won't follow your advise

[@LuckyLopez777]

Sad but true. But I’m hoping to teach a lot of people just getting into being a dealer

[@fatshav09]

Which app uses to see the precies value?

[@waleedabdulwahid5972]

What is the app name please that you are checking the cars with?

[@Angel-ze6jj]

what is the name of the app in tip 6?, thank you

[@LuckyLopez777]

Laser Appraiser

[@jamess83]

How much does it cost to have laser Appraiser for month?

[@LuckyLopez777]

There are so many options. its not just one price. depends on what you need

[@wanderinggeri8477]

Why the big difference in the Hyundai? Is it because the sellers know they’re junk but buyers think they’re getting a Honda so they pay the same retail prices?

[@victoridusuyi6586]

Hey I just watched your video and inhave a couple of questions for you how do i get in touch with you

[@LuckyLopez777]

My email and IG is in the description

[@abdulxhebar7985]

@@LuckyLopez777 haw to bay cars with auctions from USA to Albania and what kind of fees must i truly pay?

[@gocanada9749]

DEALER AUCTIONS are the best for cars under $3000

[@nicolasrodriguez6247]

Hello can you help my whit the name of the app laser ???

[@glowwithindigo3868]

I've been partnering with friends to open a dealership and would like to ask you a couple questions please. Thank you for the content. Do you mind sharing contact please. Thank you so much.

[@LuckyLopez777]

My email is in every video in the description area

[@sloppyjoespizzaandmore3900]

Tacos!!

[@LuckyLopez777]

Yesssss 👍

[@darcyrogers8881]

Get DDB on please! Your question will be different for her, than what she generally talks about. Get more organic answers, she amazing with a wicked sense of humor.

[@junito1008]

15:37

[@user-wizewordz]

7 gallons of Lucas 😂😅😂😅🤣😂🤣

[@ERIC-zz7jm]

How much start up money do i need to start a used car dealership in las vegas

[@LuckyLopez777]

Rent it the most expensive thing. Everything else is 3-5k. If your credit is good

[@jhold86]

🎉

[@ettymashenko8646]

How to become your student?

[@LuckyLopez777]

It’s on our website automotivelife.com

[@zztop8592]

Everyone is a liar and a crook when it comes to money! LOL

[@LuckyLopez777]

Facts!

[@kevins5268]

Call those guys your friends that lie to you? You need new friends lol

[@shawncasinader7760]

Toast

[@LuckyLopez777]

Yessssss

[@johncalvo1743]

Check your email Lucky. I sent you a PM concerning my car.

[@freepictures9036]

Hey bud. This is really cool. I'd love to help you work towards that next level. Hit me up in my email. Take it easy

[@DavidDouglasToth]

2 min 12 sec in no value yet I’m out. Tough love.

[@vick5282]

Whats the deal with maheim not posting or sharing the buyer fees. Before they would give you a print out. I been to 2 different locations and i hear the same thing, sorry we dont know the buyer fees?