Automotive

Anyone here purchased from copart?

  • Last Updated:
  • May 9th, 2020 8:17 am
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[OP]
Sr. Member
Jul 26, 2013
605 posts
535 upvotes
CALGARY

Anyone here purchased from copart?

Recently my car was written off and is now for auction at Copart.

I'd like to buy it back, strip some parts from it and then donate it, depending on auction selling price.

Does anyone have some experience buying from Copart?

It looks like certain vehicles have different buyer requirements. Ie you might need a business license.

Also, the seller has reserved the right to refuse the final bid if it is too low. Is the seller copart or the insurance company?

Thanks!
3 replies
Member
Oct 26, 2007
306 posts
180 upvotes
I buy from them occasionally. If it had anything valuable you should have stripped what you could without making it too obvious prior to giving it to the insurance company. Prices are high these days as there are many US bidders exporting cars to the states given the weak Canadian dollar. Additionally, there are tons of fees on top of the bid price. Unless your a business such as a dealer or bodyshop the only way you can buy is through a broker who again charges a fee. Some cars have reserves others don't. The seller is the insurance company, Copart is just the auction house.
[OP]
Sr. Member
Jul 26, 2013
605 posts
535 upvotes
CALGARY
negotiater wrote: I buy from them occasionally. If it had anything valuable you should have stripped what you could without making it too obvious prior to giving it to the insurance company. Prices are high these days as there are many US bidders exporting cars to the states given the weak Canadian dollar. Additionally, there are tons of fees on top of the bid price. Unless your a business such as a dealer or bodyshop the only way you can buy is through a broker who again charges a fee. Some cars have reserves others don't. The seller is the insurance company, Copart is just the auction house.
Some good information here, thanks for the reply.
It had some aftermarket parts which the insurance company compensated me for. If I could get the car for super cheap, I'd love to strip those parts and resell the salvage vehicle. I think it would be a cash positive outcome. I guess we will see what happens!
Deal Addict
Jun 26, 2009
3901 posts
2844 upvotes
GTA
As Negotiater mentioned, it doesn't make much sense. Prices are high, taxes and fees on top of that, plus commission for the buying broker. You need to get the car towed within certain time as w well. Chances are the parts will be stripped before even car gets to the auction. Sometimes they quickly fix them up to get better money. Loading guys usually don't care much, I've seen cars where forklift forks went through the doors when loading on the flatbed. Then you have to deal with stripping what's left, selling parrs and getting rid of the rest. Not worth the hassle, unless you have gold plated nuts and bolts on that wreck.

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