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                                                                    EXHIBIT 10.8

                                WARRANT AGREEMENT

     This Warrant Agreement (this "Agreement") is made and entered into as of
this 14th day of February, 2001, by and between LKQ Corporation, a Delaware
corporation ("LKQ"), and the _________________ (the "Holder").

     1.  GRANT. LKQ hereby grants to the Holder the right to purchase, at any
time during the Exercise Period (as hereinafter defined), a total of _________
shares of common stock of LKQ ("Common Stock") at an exercise price of $2.00 per
share (the "Warrants"). For purposes of this Agreement, "Exercise Period" shall
mean the period commencing on the date of this Agreement and ending on the fifth
anniversary of the date of this Agreement.

     2.  TRANSFER RESTRICTIONS. The Warrants may not be sold, transferred,
assigned or otherwise disposed of unless a registration statement under the
Securities Act of 1933 and any applicable state securities laws with respect to
such disposition is then in effect or unless such disposition will not involve
any violation of the registration provisions of the Securities Act of 1933 or
any applicable state securities laws.

     3.  STATUS OF THE WARRANT HOLDER. The Holder shall not be deemed the holder
of the Common Stock purchasable upon the exercise of the Warrants for any
purpose, nor shall anything contained herein be construed to confer upon the
Holder any of the rights of a holder of Common Stock, until the Warrants shall
have been exercised and Common Stock purchasable upon the exercise thereof shall
have been issued and delivered as provided herein.

     4.  EXERCISE OF WARRANTS. (a) Exercise may be made of all or any part of
the Warrants. In the event that a Holder elects to exercise all or any part of
the Warrants, the Holder shall give written notice of exercise to LKQ.

         (b) The closing of the purchase and sale of shares of Common Stock
     pursuant to an exercise of the Warrants (the "Closing") shall occur at such
     place and time and on such date as shall be specified by the Holder in the
     Exercise Notice (but in no event earlier than two or later than ten
     business days after delivery of the Exercise Notice). At the Closing (i)
     the Holder shall pay to LKQ the applicable exercise price in respect of the
     Warrants being exercised, and (ii) LKQ shall deliver to the Holder a stock
     certificate or stock certificates representing the shares of Common Stock
     being purchased pursuant to the exercise of the Warrants.

         (c) Upon exercise of the Warrants, the Holder shall have no obligation
     to make any capital contribution to LKQ other than the exercise price
     payable upon exercise as set forth in Section 1 hereof. The Holder shall
     pay all transfer or stamp taxes, if any, in respect of the issuance of
     Common Stock upon exercise of the Warrants.

     5.  ADJUSTMENT. In the event of any change in the outstanding shares of
Common Stock by reason of any stock dividend, stock split, reverse stock split,
recapitalization,

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combination, exchange of shares, merger, consolidation, reorganization or the
like or any other change in the corporate or capital structure of LKQ that would
have the effect of altering any of the Holder's rights hereunder, the number of
shares of Common Stock subject to the Warrants and the exercise price of each
Warrant shall be adjusted equitably and appropriately so as to restore the
Holder to its rights hereunder.

     6.  MISCELLANEOUS. The Warrants and any provision hereof may be changed,
waived, discharged or terminated only by an instrument in writing signed by LKQ
and the Holder. The headings herein are for purposes of reference only and shall
not affect the meaning or construction of any of the provisions hereof.

     7.  COVENANTS OF THE COMPANY. LKQ covenants that it will at all times
during the Exercise Period reserve and keep available, free from pre-emptive
rights, out of its authorized but unissued Common Stock, solely for the purpose
of issuance upon exercise of the Warrants as herein provided, such number of
shares of Common Stock as shall then be issuable upon the exercise of the
Warrants. The issuance and delivery of this Agreement (and the obligations of
LKQ set forth herein) have been duly authorized by all necessary corporate
action on the part of LKQ. LKQ covenants that all shares of Common Stock which
shall be so issuable shall, upon such issuance, be duly and validly issued and
fully-paid and nonassessable.

     8.  APPLICABLE LAW. This Agreement and all rights arising hereunder shall
be governed by the laws of the State of Illinois, regardless of the law that
might be applied under principles of conflicts of law.

     9.  COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which
together constitute one and the same instrument.

     10. NOTICES. Any notice, request, information or other document to be given
hereunder shall be in writing. Any notice, request, information or other
document shall be deemed duly given four business days after it is sent by
registered or certified mail, postage prepaid, to the intended recipient,
addressed as follows:

     If to the Holder:

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     If to LKQ:

                   LKQ Corporation
                   120 North LaSalle Street, Suite 3300
                   Chicago, Illinois 60602
                   Attention:  General Counsel
                   Fax:  (312) 621-1968

Any party may send any notice request, information or other document to be given
hereunder using any other means (including personal delivery, courier, messenger
service, facsimile transmission, telex or ordinary mail), but no such notice,
request, information or other document shall be deemed duly given unless and
until it is actually received by the party for whom it is intended. Any party
may change the address to which notices hereunder are to be sent to it by giving
written notice of such change of address in the manner herein provided for
giving notice.

     IN WITNESS WHEREOF, each of LKQ and the Holder has caused this Agreement to
be signed as of the date first above written.

LKQ CORPORATION                             HOLDER

By:
    ------------------------------------    ------------------------------------
Name:
Title:

                                        3EXHIBIT 10.9

LaSalle Bank
                                                           Member ABN AMRO Group
LaSalle Bank N.A.
208 South LaSalle Street
Chicago, Illinois 60604-1003
312-855-5816
Fax: 312-855-5847

                                  CONFIRMATION

--------------------------------------------------------------------------------

Date:        August 20, 2002

To:          LKQ Corporation
             120 N. LaSalle St.
             Suite 3300
             Chicago, IL  60602

ATTN:        Mark Spears

             Fax:   312-621-1969
             Phone: 312-621-2730

From:        LaSalle Bank National Association ("LaSalle")
             208 South LaSalle Street, 208-214
             Chicago, IL  60604

             Fax:    (312) 855-5847/5852

             Re:  Swap Transaction [No. INF 15260/20304]

--------------------------------------------------------------------------------

Ladies/Gentlemen:

The purpose of this letter agreement is to set forth the terms and conditions of
the Swap Transaction entered into between us on the Trade Date specified below
(the "Swap Transaction"). This letter agreement constitutes a "Confirmation" as
referred to in the ISDA Master Agreement specified below.

The definitions and provisions contained in the 2000 ISDA Definitions (as
published by the International Swaps and Derivatives Association, Inc. ("ISDA"),
without regard to subsequent amendments or revisions thereto, are incorporated
into this Confirmation. In the event of any inconsistency between those
definitions and provisions of this Confirmation, this Confirmation will govern.
Each party represents and warrants to the other that (i) it is duly authorized
to enter into this Swap Transaction and to perform its obligations hereunder and
(ii) the person executing this Confirmation is duly authorized to execute and
deliver it.

1.   This Confirmation supplements, forms a part of, and is subject to, the
ISDA Master Agreement in the form published by ISDA (the "Agreement") as if you
and we had executed that

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LaSalle Bank
                                                           Member ABN AMRO Group
LaSalle Bank N.A.
208 South LaSalle Street
Chicago, Illinois 60604-1003
312-855-5816
Fax:  312-855-5847

agreement (but without any Schedule thereto) and the Agreement shall be governed
by and construed in accordance with the laws of the State of New York without
reference to choice of law doctrine. In addition, you and we agree to use our
best efforts to promptly negotiate, execute, and deliver an ISDA Master
Agreement (as published by ISDA). Upon execution and delivery by you and us of
that agreement (i) this letter agreement shall constitute a "Confirmation" as
referred to in that agreement and shall supplement, form part of, and be subject
to that agreement and (ii) all provisions contained or incorporated by reference
in that agreement shall govern this Confirmation as expressly modified below.

2.   The terms of the particular Swap Transaction to which this Confirmation
relates are as follows:

Notional Amount:                   USD 10,000,000.00

Trade Date:                        August 20, 2002

Effective Date:                    August 22, 2002

Termination Date:                  August 22, 2004

FIXED AMOUNTS:

      Fixed Rate Payer:            LKQ Corporation

      Fixed Rate:                  2.65%

      Fixed Rate
      Payer Payment Dates:         The 22nd day of each November, February, May,
                                   and August, commencing on November 22,
                                   2002, to and including the Termination Date,
                                   subject to adjustment in accordance with the
                                   Modified Following Business Day Convention

      Fixed Rate
      Day Count Fraction:          Actual/360

FLOATING AMOUNTS:

      Floating Rate Payer:         LaSalle

      Floating Rate Payer

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LaSalle Bank
                                                           Member ABN AMRO Group
LaSalle Bank N.A.
208 South LaSalle Street
Chicago, Illinois 60604-1003
312-855-5816
Fax: 312-855-5847

      Payment Dates:               The 22nd day of each November, February, May,
                                   and August, commencing on November 22,
                                   2002, to and including the Termination Date,
                                   subject to adjustment in accordance with the
                                   Modified Following Business Day Convention

      Floating Rate Option:        USD-LIBOR-BBA

      Designated Maturity:         3 months

      Initial Floating Rate:       1.77%

      Spread:                      None

      Floating Rate
      Day Count Fraction:          Actual/360

      Reset Dates:                 The first day each Calculation Period

      Method of Averaging:         Inapplicable

      Compounding:                 Inapplicable

Business Days:                     New York and London

Calculation Agent:                 LaSalle

3.    Offices:

(a)   The Office of the Fixed Rate Payer for this Swap Transaction is Chicago,
      IL.

(b)   The Office of the Floating Rate Payer for this Swap Transaction is
      Chicago, IL.

4.    Account Details

Payments to LaSalle:

      LaSalle Bank National Association, ABA #0710-0050-5, A/C 2090102,
      Attn:  Treasury Division/Derivatives

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LaSalle Bank
                                                           Member ABN AMRO Group
LaSalle Bank N.A.
208 South LaSalle Street
Chicago, Illinois 60604-1003
312-855-5816
Fax: 312-855-5847

Payments to LKQ Corporation:

      Please Advise

5.    Other Provisions:

      Assignment:  This Swap Transaction may be assigned only with prior written
                   consent

      Netting:     The parties hereto hereby agree that subparagraph (ii) of
                   Part 2(c) of the Agreement shall not apply to any Swap
                   Transaction

      Please confirm that the foregoing correctly sets forth the terms and
conditions of our agreement by responding within ten (10) Business Days by
either (i) returning via telecopier an executed copy of this Confirmation to the
attention of Keli Greenwood (fax number: (312) 855-5847/5852; telephone number:
(312) 855-5844), or sending a telex to Keli Greenwood (telex no.: 62734,
answerback: ABN UW) substantially to the following effect: "We acknowledge
receipt of your fax dated August 20, 2002 with respect to a Swap Transaction
between LKQ Corporation and LaSalle Bank National Association with an Effective
Date of August 22, 2002, and a Termination Date of August 22, 2004 and confirm
that such fax correctly sets forth the terms of our agreement relating to the
Swap Transaction described therein. Very truly yours, Mark T. Spears, V.P., CFO
by (specify name and title of authorized officer)." Failure to respond within
such period shall not affect the validity or enforceability of this Swap
Transaction, and shall be deemed to be an affirmation of the terms and
conditions contained herein, absent manifest error.

Yours sincerely,

LASALLE BANK NATIONAL ASSOCIATION

By: /s/Lily Levin                        By: /s/Aamer Quadri
    ------------------------------           -----------------------------------
    Name: Lily Levin                         Name: Aamer Quadri
          ------------------------                 -----------------------------
    Title:Vice President                     Title:Vice President
          ------------------------                 -----------------------------

LKQ CORPORATION

By: /s/Mark T. Spears                    By:
    ------------------------------           -----------------------------------
    Name: Mark T. Spears                     Name:
          ------------------------                 -----------------------------
    Title:Sr. VP & CFO                       Title:
          ------------------------                 -----------------------------

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