Beware of Clean titles and 7 biggest mistakes at auctions [Autohacker’s Digest]
Last edit: October 06 2024 • 266 view
The goal of this digest is to help you avoid common mistakes when buying at auctions and to assist you in purchasing a CAR DEAL at the best possible price!
Сlean title ≠ Сlean title
As a friendly reminder, always check clean title vehicles for salvage records in Carfax, AutoCheck, or VIN.DOCTOR. It’s an insurance hoax to get more $$$ for the car, even though it still has a bad record forever. Use promocode AUTOHACKERS to get a discount on reports at https://vin.doctor/en/
Question of the week
“I have been tracking a vehicle that has gone through the auction each week for the past 3-4 weeks. Why is this? Is it because the seller wants a higher price? Thanks.”
Answer: Correct. The seller wants more $ for the car. Pay attention to the “Sale Status.” If it’s “On Approval” or “On Minimum Bid,” the seller reserves the right to accept or decline your highest bid. This is normal, especially if it’s a dealer-owned car.
TIP: Look for Insurance company sellers with Pure Sale status.
Video of the week: 7 Biggest Mistakes at Copart, IAAI
My best-performing video, with nearly 120,000 views. Many of you have called it the best guide for buying cars from Copart and IAAI.
It’s still packed with golden nuggets. Even if you’ve already watched it, watch it again to remind yourself of the biggest mistakes to avoid.
Cheapest buy of the week
2008 Volvo S80. Sold for $275 with no reserve.
Minor front damage, run and drive condition.
Retails at $5,460 – What a DEAL!
If you’re interested in cars with a ‘no reserve’ option, follow the link: No reserve.
My choice of the week
2011 Hyundai Genesis. Sold for $1,450.
Minor front damage. Huge potential for a cool project car.
Retail price $6,744. What a DEAL!
$25 deal
2014 Chevrolet Impala sold at IAAI for $25!
Flood damage. Certificate of destruction – good for parts only, but it’s an awesome deal!
$90 deal
2013 Volkswagen CC sold at Copart for just $90. Only 1% of the $5,547 retail value.
Mechanical damage, possible dead engine. But you can’t go wrong with $90 for a car! WHAT A DEAL!
$100 deal
2016 Chevrolet Sonic sold at Copart for $100.
Impossible, right?! Well, great deal happens daily!
Thank you for reading my digest, and have a great day!
Andrew AutoHacker
P.S. If you enjoyed my digest, you might also like my Facebook community of Autohackers. I share my knowledge there daily. My primary goal is to assist you in finding your dream car at a 50% discount. Join the community and benefit from the valuable information and insights I provide!
