IAA

W Copart or IAA? These are two of the biggest auctions out right now and I've scored some amazing deals off of both of them that allowed me to make thousands of dollars off of one single flip. Now having that said, there is a lot of similarities and differences between both of them that you really should know about before you make the decision to join either one. So not only will I cover what those are, I'm also going to give you some tips to avoid some really costly mistakes if you decide between either one. Let's get right into it. First we're just going to start off with everyt Starting off with the fact that with both of these auctions, these are auctions that thankfully you can actually get into without even having a dealers license or any type of business license. There's a lot of cars that'still available between both of them. Having that said though with both of them, it's also the selection where if you do have a business license, you could also get an even bigger selection of cars as well. Now the great t It's not some sketchy thing where you have to There's a good amount of brokers that you can find in your area. You just have to actually search it up under the auction and you can see exactly w So that could really help you out if you're someone that'starting out and you don't have any type of license or anyt Now the next similarity between both of them is that they have really a two-part t I will say I'm going to be getting to that more indifference part because there are some that's a lot different between both of them as well, but we'll get into that in a little bit. Now one major thing you should also know that's the same with both of these auctions is that they're primarily cars that have a good amount of work that's going to be needed before they're in There are clean title cars that you can get from them and rebuild title cars as well that already went through You could probably get better deals most time just going to private sale to get those same cars. The best deals are really going to be the ones that are already a salvaged title and do need a decent amount of work to get it into being a rebuild title car. So if you're not someone that either has a good amount of mechanical knowledge to be able to get that car in good running condition or you have a good connection with someone that can do really cheap work in terms of body work or mechanical work for you, then you should probably steer clear from auctions But if you do know a little bit about that game, then trust me, you can get some really good deals where you're saving thousands of dollars off of what the car would be worth if it was just a regular clean title car. And then there's two more similarities I'm going to point out before I get over to the differences portion. And the next one is primarily their fees. Their fees are crazy compared to Their fees are really going to be on Let'say you might get a car that's I will say the good t So they are transparent with exactly what the fees will be. And the last similarity to also point out is that they both have free members Okay, so now for the differences portion and yes, there's a decent amount with t Starting with their plans. I mean, their plans is just a pretty different plan in itself, but co-part is basically There's the free tier after that, then there's their basic tier and then the premier tier as well. So with that basic members First one is that it's kind of two different t If you're going to be someone that's only trying to bid up to $2,000 for a car, you can only make one of those bids in a day. If you want to go above that, then first of all, you can only bid on up to five ve And with those cars, if it's above $2,000 that you're trying to bid, you have to leave a 10% deposit on the account before you make that bid. So let'say if you wanted to bid up to $3,000 for a car, you'd have to leave $300 as a deposit on the account beforehand. With the premier members And by the way, with both of these fees that I say, t But going on to what you get from that one, you're not going to have any type of deposit that you have to leave with each car, w So you could actually bid on a car up to $100,000 and you don't have to leave any type of deposit for it. But you still do have to leave a deposit when you're first making the account, with IAA, it's a little different where they really only have one plan that you can j And with there's no deposit that you have to leave on the cars when you're going to be buying them. There's really not much of any restrictions that you have just paying for that top members And honestly, I would say the big difference between co-par and IAA with their sites now is that with IAA, you can actually see what type of seller is selling that particular car where with co-par, you really can't. So let'say if it's either an insurance company that'selling it, a dealer that'selling it, or a private seller, you can see that on IAA. And in most scenarios, if you're buying a salvage title car, you usually want to buy it from an insurance company. If it's a private seller that'selling that car or if it's a dealer, most times you really don't want to get a car It's a nice the other main difference between both the sites is that with IAA, you can also see a quick clip and hear a quick clip of the car running. It's not much, it's But with co-par, you can't see that at all. So if you are just going to be bidding on the car online without checking out in person, with co-part, it would be a lot tougher to do and a lot riskier compared to if you're doing that same the next t And t Not even me, but even other When somet Even just times where I've just simply called them to see just quick questions and stuff Every person that I've spoken to has just been the type of person they look Whereas with IAA, they've actually been really helpful. So it's not a huge t In the case that somet With co-part and IAA, they also do t With co-part, you have one day that is going to be the day of the week for the bidding and everyt But most days before that, With IAA, it's really only one day that you are allowed to check out whatever cars you want to check out before you bid on them. So if you can't make it that one day, that's really all it is. You really can't work around that too much. The other big t With most locations, there'some that I've seen that you might be able to. The day is really just there to just go to see the condition of the car before you bid on it. With co-part, I will say it's not all. The grass isn't completely green on that side though either because yes, you can start the car in person, but first of all, you can't bring a scanner to scan up the car. You also can't drive the car around at all, which some auctions I've been into, especially And there is going to be someone that's working there that's going to be with you w So you really can only do but so much w And as a quick mention, before I talk about what is the best auction that It's a full training that I put together that's If you want access to it, you can go to the link in the description below. But now going on to exactly w Now for me, I would I've seen plenty of people that have j But just for me, the main points between first of all being able to see And honestly, what really pushed me over the fence between really sticking with one of them was the customer service. I mean, it sounds But I mean, when it's But that's my opinion of what I decided. Let me know if you've already been using either of these auctions yourself and w And that's about it. I'll see you in the next one. Peace.