You see it left and right every single car YouTuber seems to be getting amazing deals at co-part on cars that you can only dream of having Well, no worries guys today. I'm gonna show you step-by-step how to start buying cars at co-part Now buying from co-part really varies from state to state because of the law and legislation in different areas where you know The D&B will state who can buy from you know salvage auction or who can own a vehicle with a salvage title directly and The way you'd figure that out is by going to co-parts website and under the support tab You'd go to help with licensing and co-part has this really nice map actually at the very bottom of the page where you know Let's say you are a resident of Washington so you click Washington and it'll load up with a page essentially telling you You know for example, so if you're buying for personal use in Washington You know without any type of business license you can buy Both jet ski snowmobile or any salvage title item But you only need to go through a broker for all clean title vehicles and we'll talk about brokers a little bit later You know, let's go back to another state. Let's look at Vermont for example And Vermont is a little bit more relaxed on their legislation, you know with with all these these kind of things and So with Vermont, you know, so if you're buying a vehicle for personal use You can buy any cleaner salvage title vehicle without a business license through co-part So let's say you're from Vermont for example, and you don't need to use a broker at all or you know You're from Washington and you want to buy jet ski for example with that you can buy directly from co-part And so what you would do is you would just go ahead and register You know, it's the standard registration procedure like for any type of account and you're gonna get faced with a choice So if you want a premier or a basic account and kind of looking at the difference between the two With the basic account, there's no initial you know sign up fee or anything of that sort It's completely free to make an account and you get a buying power of a thousand dollars and essentially what that means is You can't buy a vehicle or you can't put in a bid for more than a thousand dollars on any vehicle And the second biggest limiting factor is you can only bid on one vehicle at one time And then let's say you want to bid on a vehicle, you know, that's gonna go for a more than a thousand dollars And with that you would have to put in a 10% deposit of the maximum amount maximum amount that you want to bid and the example They give here is you know if you want to put a $3,500 bid in you would have to put it in a deposit for $350 And these deposits are fully refundable But the issue with these deposits are that you can't use that money towards you know the actual Towards the actual vehicle that you just bought for example So let's say you won the vehicle at $3,500 that's $350 deposit is completely separate And that's essentially just co-parts way of having an insurance policy in case you don't pay for the vehicle you know after you win the bid Now the second type of membership that co-part offers is a premier membership and the benefits with that are that you can buy You know more than one vehicle at a time you can kind of bid at multiple auctions and you know You really don't have to worry about that limit And the second biggest thing is with your you know, you don't really have a limit on your buying power Once you put in an initial deposit that co-part says which is $400 you can you know you'll have any type of buying your buying power that you need to You know, that you need so you can put in a $100,000 bid on you know Very expensive motor home or a Lamborghini for example And then the second issue with or the second thing with premier memberships are that they're also have a $200 initial registration fee And obviously that's not refundable. That's the registration fee for having a premier membership But the thing with that is that's a one-time fee, you know It's not like a yearly membership or anything of that sort So if you're looking at buying you know vehicles from co-part for the long term and you don't you know Really want to be worried about any type of issues, you know regarding your buying power And you don't want to really be worried about you know bidding on multiple vehicles at once the premier membership Really is the way to go, but if you're just starting out the basic membership is you know more than enough for most people So now let's say you're from one of those states or you know, let's say Washington for example where you want to buy a clean Title vehicle, but you need a broker So what you would do is you go to the services tab and Co-part really like lays out all the brokers that they are not recommend, but you know that are allowed to broker for them And I mean the featured one is auto bid master which I'm assuming they've had to be up you know on here And I don't know 100% but I'm assuming they do Um now I personally don't like using auto bid master just because they are you know, just so expensive Um, but the thing with auto bid master is when you like a lot of times we'll do a Google search or something of that sort It'll really pop up with like a lot of listings from them because I guess they pay a lot for advertising But their fees are just you know insanely high. I feel like um, you know I think they they want a $400 transaction fee So a $400 fee for every vehicle you buy or 10% whichever is higher and you know personally that's that's a lot higher The one that I personally use and I'm not affiliated with them or or anything of that sort It's just the one that I use is called advanced motors LLC. They're based out of Trevor city Michigan Now the thing I like about advanced motors is that they're actually very very like small brokerage It's you know pretty much like a mom in pop shop and um, you know that that can really be helpful for a couple reasons that'll get into But then the second thing with advanced motors is they have some of the lowest fees now they do have a registration fee no matter what But what I've done is you know usually I'll grab a 45 day free trial and they're really flexible honestly like a lot of times You know, they'll not even take my account off of the free trial to leave it on there for two months or three months And um, you know, it they're really flexible in that sense and then secondly, I've had you know and I'm not saying that this is a good idea But I've had um, you know positive results registering with like different people in my family essentially Um, and you know getting a multiple free trials, but uh, obviously, you know, I don't recommend that and um So essentially and the second thing is the registration fee is you know, it's a yearly fee So you have to pay a hundred dollars a year to keep their account and then the thing I like about them is their transaction fee is 200 bucks You know, and that's a flat fee and compared to you know a lot of places want a percentage-based fee Um, and when you're not when we're gonna talk about cool part fees in a little bit But when you're talking when you get into you know paying a percentage-based fee on an expensive vehicle for example You know having a flat fee you're gonna be a lot more thankful And then they have a refundable security deposit Um, which is a $400 minimum and um Now that's essentially again to ensure that you pay for the vehicle that you bid on and if you don't The essentially this amount goes towards them having to relist the vehicle and you know potentially get a lower amount back So that's I guess their insurance policy and then on every vehicle they charge um 200 and or sorry the charge $50 as a transaction fee for you know, that's what cool part actually charges Um, to process the title and everything for the broker So essentially per vehicle you're gonna be paying $250 to the you know towards a brokerage And then on top of that you're gonna be paying co-part fees which you know really do add up So they have kind of an entire table listed, you know, and you can really see you know what you're gonna be paying in fees Um, and that's something to always keep in mind with your bid Now the last thing I want to talk about is you know buying specific type of vehicles that Aren't really haven't been listed, you know, so they're not clean title. They're not established title A lot of times you'll see you know vehicles that are listed as dealer only or you know They have a certificate of destruction and a lot of times you won't be able to buy that as a private party And even if you have a brokerage account you won't be able to buy you know those type of vehicles So I'm just trying to you know, you know, just try to show you an example um, you know if I pull up a non-repairable title vehicle Um, you know, just looking at this 2018 C300 for example So it has a certificate of destruction as a document type And now you won't be able to bid you know directly on this vehicle 9 times out of 10 because The insurance company is pretty much a deemed that no matter what will happen You know no matter what type of repairs happen to the vehicle. It won't be you know Structurally sound or won't be safe to be on the road, you know Any longer on a lot of times let's say you know, you bought you need to buy a vehicle just to be able to get it for parts And you know, so you can have a valid reason as a private party to buy this vehicle But you know a lot of brokerages and co-part, you know won't let you buy it as a personal buyer And that's you know kind of where advanced motors comes in, you know, handy at least for me as well Where um, you know since it's a small business you can go ahead and you know For example dial the phone number and you can reach you know Roman or max for example They're really help one what they'll do is they have essentially the master account And they can put in the bid so you know a lot of times you can call in on the phone and you know Stay on the phone with them through the live auction and they'll go ahead and bid on whatever vehicle that you need You know, let's say if you're not eligible to purchase it on your own They'll go ahead and you know put in the bid that you want to and you know Stay on the phone to let you know if you if you want the vehicle or not And so that's actually one of the benefits to dealing with a broker and dealing with a broker You know, that's of a smaller size at least and that's you know outside of the the fee savings that you're going to be getting But other than that, that's all to it Buying from co-part can really be intimidating But you know if you kind of just go through and and see you know essentially understand the laws in your area And co-part is a really good, you know job of easily laying out the laws in your area So if you can kind of go ahead and really look through that and determine if you need a broker For the type of vehicle you want. It's really not as intimidating as it is