Hey what’s going on Tony here from F1 AutoCashFormula – How To Buy And Sell Your Cars. Today’s topic is Copart auction parts car for profit buy.
I know about a week ago, I bid on this thing on the YouTube video. Some of you guys are on, watching that video but we finally got it delivered yesterday. I got other footage of the dude dropping it off.
Let’s talk about how much I bought it for and how much I paid for shipping. I also want to talk about what I plan to do with it and how I plan to make money with it. Lastly, how you could do the same exact thing.
I bid for it for $300 through the Copart Auction, and then they hit me back with $450. This was a “pending until approved” scenario on Copart.
The seller hit me back up with $450 and I replied back with the same price of $300. Then he went down to $400, which I declined. We came to negotiate at $325. But it still cost me $350 for the guy to bring it over here since I didn’t have the time to get it from him. With the auction fees, I put in a total of $550.
This is a flood salvage car so it is non-rebuildable. I bought it for the parts.
The rims and tires are really good. You can sell them for $400 on Craigslist. They’re just dirty but the tires are pretty much brand new. I didn’t test the battery yet so I don’t know if the battery’s good. It also needs a good wash.
I think total value in parts would be close to $2,000, and maybe a little bit more, depending on how meticulous you area in selling them on eBay, so you can definitely make money out of this car. But I need some of the body panels, rims and tires.
You don’t need a dealer license, and just be a public person. Then, register online and bid. You can buy a cheap park car like this, and liquidate all the parts on eBay.
I would recommend cars that have part value. Some sort of intrinsic part value and it depends on the models.
If you don’t want to flip cars for profit and deal with the registration, title, insurance and all other nitty gritty, buy a parked car like this and make money out of it.
I did a documentary in the VIP course where I showed you exactly how to part out a complete car. Go check out the F1 AutoCashFormula VIP Program if you want to learn more.
I hope everybody liked this video. Don’t forget to grab your FREE Report if you want to get started in this business.
This is Tony from F1 AutoCashFormula – How To Buy And Sell Your Cars Online, saying money is all over, you just need to go out and get it.
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Talk soon! Cheers!
Other Helpful Links:
Copart Live Online Auction Bidding – Bidding on a parts car for $300.00!
My Top 5 Tips To Being A Better Auto Auction Bidder – Avoid Losing Money!
How To Buy And Sell Cars For Profit – Screwed at Auto Auctions
Car Flipping 101 – The KBB SECRET!