El camino on the block right now for 2k buy it now.
5 posters
G3GM :: G3 :: General Discussion
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Re: El camino on the block right now for 2k buy it now.
car sounds like was repo'ed But cant get to start, looks like had some good work done to it Could resell the wheels and make almost NOT all almost half of the Buy now price if true weld wheels
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1977 Chevelle SE x2
One Mild original
one Wild NON original
Anthony
Limey SE- Management
- Street Cred : 98
Re: El camino on the block right now for 2k buy it now.
Yup, says it was a repo.
Joe73- Donating Member
- Street Cred : 83
Re: El camino on the block right now for 2k buy it now.
IAA specialty is salvage cars from Insurance companies. They will also allow repo's in their yards. I think you have to be a dealer to buy from IAA so its not open to the public.
It's an efficient business and IAA is about to be come it own publicly traded company at the end of this month.
It's an efficient business and IAA is about to be come it own publicly traded company at the end of this month.
Hawk03- G3GM Enthusiast
- Street Cred : 18
Re: El camino on the block right now for 2k buy it now.
Some of their vehicles are open to the public. I've purchased (5) vehicles from iaai in the last 10 months. I'm looking at a 2019 buick right now. Havent purchased from Copart.com yet.
Joe73- Donating Member
- Street Cred : 83
Re: El camino on the block right now for 2k buy it now.
Buy Now SOLD
This stock was sold on JUN-18-2019 4:36 pm CDT
Who Can Bid:
Dealer
Dismantler
Rebuilder
Scrapper
Exporter
These were the Only one that could of Bid on this one it was in there exclusions
This stock was sold on JUN-18-2019 4:36 pm CDT
Who Can Bid:
Dealer
Dismantler
Rebuilder
Scrapper
Exporter
These were the Only one that could of Bid on this one it was in there exclusions
___________________________________________
1977 Chevelle SE x2
One Mild original
one Wild NON original
Anthony
Limey SE- Management
- Street Cred : 98
Re: El camino on the block right now for 2k buy it now.
What would dictate which vehicles can be bought by the general public vs dealers/dismantlers/rebuilders/ etc?
Mcarlo77- Donating Member
- Street Cred : 78
Re: El camino on the block right now for 2k buy it now.
If repo'ed I don't understand why the public couldn't buy this one I would like to know what determines it also I will a friend that does insurance
___________________________________________
1977 Chevelle SE x2
One Mild original
one Wild NON original
Anthony
Limey SE- Management
- Street Cred : 98
Re: El camino on the block right now for 2k buy it now.
What I'm curious about is what's to stop you from simply pretending to be a dealer, exporter, rebuilder, dismantler, etc -- do each of those things require some kind of license that you'd have to show as proof?
thatfnthing- Donating Member
- Street Cred : 65
Re: El camino on the block right now for 2k buy it now.
Yes, before you can bid you have to register with iaai. Its a $200 fee good for one year. Then you can bid on public auctions. In order to bid on any other auctions, you must enter your dealer license/reseller license info. And if your bidding on something in another state, you have to file paperwork for that as well. Its actually not that difficult. I had to update my buddies paperwork since he doesnt like iaai as much as copart. But I bought all mine through iaai and had no issues. So yes, you have to supply copies of all your state licenses in order to bid. BUT, even if your not a dealer, iaai has recommended dealers on their site that you can sign up with to purchase for you. They usually charge between $175 and $250 to purchase a vehicle for you. After you finish paying them the winning bid plus the other iaai fees and their fee, they send you the paperwork. There are quite a bit of fees for these auctions. A vehicle won between 5-10k will run around $750 in fees. Thats just fees, not any towing or anything. And btw, iaai delivery fees are pretty reasonable. I had a car delivered from the philly auction to queens, ny for $300. Wasnt worth my time, fuel and tolls to get it myself.
Joe73- Donating Member
- Street Cred : 83
Re: El camino on the block right now for 2k buy it now.
Joe73 wrote:Yes, before you can bid you have to register with iaai. Its a $200 fee good for one year. Then you can bid on public auctions. In order to bid on any other auctions, you must enter your dealer license/reseller license info. And if your bidding on something in another state, you have to file paperwork for that as well. Its actually not that difficult. I had to update my buddies paperwork since he doesnt like iaai as much as copart. But I bought all mine through iaai and had no issues. So yes, you have to supply copies of all your state licenses in order to bid. BUT, even if your not a dealer, iaai has recommended dealers on their site that you can sign up with to purchase for you. They usually charge between $175 and $250 to purchase a vehicle for you. After you finish paying them the winning bid plus the other iaai fees and their fee, they send you the paperwork. There are quite a bit of fees for these auctions. A vehicle won between 5-10k will run around $750 in fees. Thats just fees, not any towing or anything. And btw, iaai delivery fees are pretty reasonable. I had a car delivered from the philly auction to queens, ny for $300. Wasnt worth my time, fuel and tolls to get it myself.
Most dealers should be registered with Auction Access, which gives them a number that they use to register at auctions and with banks. This number will follow them through all of their transactions. This will allow auctions and banks to know what their max credit limit should be and if they are close to maxing out their limit.
Its a cash machine! Sometimes the buy fees are higher than the cost of the vehicle. The company is undervalued being a part of KAR and investors were getting upset that the remaining companies of KAR were bringing down the valuation of IAA. A lot of their buyers are from other countries since its cheaper to buy a totaled car here and have it shipped. The totaled car could just have blown air bags but since other countries might not require them, its not a big deal.
Hawk03- G3GM Enthusiast
- Street Cred : 18
G3GM :: G3 :: General Discussion
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