Copart is one of the world’s largest online virtual auction sites with thousands of monthly customers and a large inventory of used and salvage cars.
However, many people wonder whether buying or selling a vehicle on Copart is a good idea.
Is Copart worth it? Is it a legitimate platform to buy and sell cars? We provide you with a detailed review of Copart in this article, including the buying process, selling process, and quick comparison to other companies, and we also answer many of the important questions.
What Is Copart?
Copart is the world’s leading online car auction company, headquartered in Dallas, Texas. They’ve revolutionized the way people buy and sell vehicles, from classic cars to ATVs. Whether you’re seeking a dream ride or looking to offload a well-loved truck, their expansive platform has you covered.
Founded in 1982, Copart began with a single salvage yard in California. Today, they’ve expanded to over 200 locations in 11 countries, making them a truly global force in best auction sites.
How does Copart work? As a salvage vehicle auction specialist, Copart makes it easy for Members to find, bid on, and win the vehicles they want. You can bid on classics, early and late model cars and trucks, motorcycles, industrial vehicles, and more. Their business model addresses the needs of a wide range of car sellers, including hobbyists, financial institutions, insurance companies, local municipalities, and charities.
Additionally, the target audience includes individuals, body shops, dismantlers, salvage buyers, car dealers, etc. Copart sells more than two million vehicles a year.
Copart Quick Stats
|Bids placed each year
|Annual bid commitments
|Vehicles move each month
|Vehicle on sale every day
|Vehicle Sold Each Year
How Can You Sell Your Car on Copart?
Copart is an online vehicle auction website that works closely with the used car dealer CashForCars to make selling your old car as simple as possible. It does not matter whether the vehicle has high or low mileage, is new or old, damaged or not, running or not, Copart Direct buys it no matter what its condition is.
Copart buys all types of vehicles, including cars, SUVs, RVs, pickup trucks, work trucks, motorcycles, motorsports, boats, jet skis, and even exotics.
You can get cash for your car within 24 hours with the company’s free towing services and instant payment.
You can sell a car with Copart in three ways: as an individual, as a business, or as a dealer.
Let’s look at each method of selling your car with Copart in detail.
Selling Your Car as an Individual
If you are an individual who wants to sell your car with Copart, here are the steps you should follow:
Step 1: Get an Offer
Get an offer for your vehicle by visiting Copart and filling out some details.
This form asks for your contact information (email and phone), your Zip code, the VIN of your vehicle, the make, model, manufacturer, and trim of the vehicle, and its current condition.
Alternatively, contact Copart to request an offer. Whether you submit an online form or call a Copart agent, you will receive an instant quote. Furthermore, the offer is guaranteed – it won’t change when you pick it up.
Step 2: Schedule the Free Pick-up
After you accept Coparts’ offer, an agent will schedule a pick-up at a time that is convenient for you. Pick-ups usually take place within 24 – 48 hours of the scheduled appointment.
Step 3: Collect Your Money
As soon as we pick up your vehicle, payment is initiated and completed. Copart will hand over the cash as soon as the vehicle’s title and keys are handed over.
These three steps are all that it takes to sell your car to Copart.
What Is the Cost of Selling a Car on Copart?
Copart selling fees become different depending on how you sell a car:
|Cost of selling your car as a individual
|Cost of selling your car as a dealer
|Selling fee: 2% ($50 minimum and $150 maximum)
Listing fee: $85;
|Cost of selling your car as a business
| The selling fee is 2% ($50 minimum and $150 maximum)
Listing fee: $85;
Selling Your Car as a Dealer
The Copart Virtual Bidding Technology allows dealers to sell their cars online. A platform that facilitates online auctions for selling your car.
As a car dealer, you can sell your inventory to more than 750,000 buyers across 170 countries through Copart. You can sell a vehicle as-is, where it is, and avoid the hassle of getting right down to making money by selling cars. In addition, Copart will clean and vacuum your vehicle before auctioning it online through Copart.
You can sell your car through Copart in two ways:
- Fill out the quick online form with your contact information. You will then receive a call from Copart’s representative who will guide you through the online auction process.
- Alternatively, you can contact Copart by phone at 1-888-616-1237 to speak with an agent.
Selling a Car on Copart as a Business
A business is any institution or company from which Copart buys cars.
There are a variety of institutions involved, such as insurance companies, car rental companies, financial institutions, banks,, fleet operators, dealers, and charities. If you represent any of these institutions and are looking to sell a car, you can consider Copart.
Copart currently has more than 140 exclusive national agreements and is adding new sellers every year.
You need a Copart Seller Account before selling cars through Copart. You can also fill out the quick form with your contact information and a Copart representative will contact you shortly.
Pros and Cons of Copart
|You can get rid of your old car with CashForCars within a few days. Upon accepting their offer, you can schedule a pick-up within 24 hours and get paid on the spot for the car.
|There have been complaints regarding the unpunctuality of the pickup agents
|Copart offers free pickup and towing with every offer
|A private sale may net you 20% to 30% more, although it might be a bit of a hassle.
|As an individual, you do not have to pay any fees to sell your car, As a business or dealer, you’ll only pay between $135 to $235 per sale
|To bid on a vehicle, you must have a membership
|Get a phone offer for your junk car - as long as it is 2002 or newer, the company will make you an offer regardless of damage or mileage.
|Limited information about the "get a phone offer" con.
Website isn't as simple to use as competitors'.
|Instant offer for junk cars (2002 or newer) regardless of damage or mileage.
Sellers receive fast payments upon vehicle pickup (typically within 24-48 hours).
Will purchase cars in any condition.
|Many fees for buyers (membership fees and potentially others).
Can You Really Buy a Car on Copart?
Is Copart a good place to buy cars? Copart is the ideal online car purchasing platform for those looking to buy a new or used car. You can view available cars and purchase them from the comfort of your own home. Furthermore, Copart can help you find the perfect car for your needs!
How to Bid on a Vehicle on Copart?
How to buy cars at Copart? Here are the steps to bidding and buying a car at Copart’s auctions:
Step 1. Join Copart as a Member
Joining Copart is the first step toward bidding and buying with Copart. Investing in one of their memberships (basic or premium) is a great option if you intend to buy cars frequently.
Members who complete only the first step of the registration process will be considered Guest Members and will be able to search and watch vehicles, but will not be able to bid or buy. However, for bidding, you must upgrade to either a basic or premium membership.
Step 2. Submit Business Licenses or Find a Broker
Bidders who wish to bid on vehicles that require a business license must either register as a business or use a broker. Each state has its own requirements for obtaining a business license
Do not worry if you cannot obtain a business license! A broker can still help you bid on vehicles that require a business license. Alternatively, All Basic and Premier Members with valid government-issued ID can bid on No License Required vehicles.
- Here’s what Brokers can do for you
A broker can assist you in obtaining a vehicle that you may not otherwise be able to obtain. Also, they can answer questions about the auction process and arrange transportation if necessary.
There are some brokers who have a physical storefront you can visit. With the help of their experienced staff on hand, you can bid and buy on these Brokers’ computer kiosks.
Copart returns policy pledges that if you provide a Copart Registered Broker with a deposit, your deposit will be returned to you if the Broker does not purchase the vehicle and resell it to you as agreed.
Step 3: Finding Vehicles on Copart
Copart makes the process of searching for vehicles convenient and easy for its Members. You can begin your search on Copart by using the Search Toolbar. You can enter a description, VIN, or Lot Number in the toolbar at the top of any Copart page.
Remember to add vehicles to your Watchlist when searching for vehicles. The purpose of this feature is to keep track of the sale date, lot number, description, and current bid for your vehicles of interest.
Step 4: Join the Auction
If you’ve found a vehicle you’d like to bid on, you can submit a preliminary bid or participate in a live auction! In order to place a bid, you must be a Basic or Premier Member. Once you’ve signed in, click on the Auctions tab to see today’s live online auctions, where you can jump right into them, and the Auctions Calendar to view future auctions.
Step 5: Place Your Bid
To bid, Copart Members must have a valid government-issued ID on file in their Copart account and pay for Basic or Premier Memberships. If you’re interested in bidding, please upload any relevant documents in advance as it can take up to four business days for licenses and documents to be processed.
- Preliminary Bidding
Members can place pre-bids prior to and during the live auction as late as two minutes or two units before the vehicle is placed on auction. Pre-bids are placed prior to a sale as an incremental bid. During the live auction, your pre-bid will be shown, and it may be the winning bid if no other bidder submits a higher bid.
- Live Bidding
Members can experience the excitement of a live auction from the comfort of their homes, offices, or mobile devices using Copart’s patented online technology.
You can place a bid from your computer, your mobile device, or through a Broker by selecting one of the automatic increment options or by setting your own amount (Monster Bid).
- Buy It Now
Buy It Now vehicles are not subject to bidding. Although you can still bid on these vehicles, buyers can also purchase them immediately for a predetermined price.
Upon clicking Buy Now, you will be redirected to a Copart auction fees invoice that must be paid within two working days. The lot will be relisted if the invoice is not paid within 2 working days.
So make sure you have enough funds in your account to pay for the vehicle you intend to buy before you make the purchase.
Step 6: Pay and Pick Up
How Much Does it Cost to Buy a Car on Copart? When you buy a truck or car on Copart, you pay more than just the price. You lose nothing if you are outbid. There will, however, be additional costs if your bid is accepted and you become the new owner.
Fees associated with Copart include:
- (Non-refundable) Buyer’s fees
- Fees charged by sellers
- Fees for storage (varies by location)
- Fee for documents ($80)
- Fees for transportation ($99-$200)
- Sales tax (varies by location)
Things You Need to Know as a Private Buyer
It is common for Copart to target dealerships and other large car businesses, but many private buyers are also interested in bidding on certain vehicles.
If you decide to go with Copart’s basic membership, you can join for free. Upload a photocopy of your driver’s license to be able to fit it.
Which Types of Membership are Available?
Copart offers three levels of membership to buyers.
- Guest Membership
If you are new to Copart and want to browse inventory and create a watch list, this free membership is for you.
- Basic Level Membership
The annual fee for this membership is $59 per year. Members are limited in their purchasing power based on their deposits. With basic membership, you can bid up to $1200 without making a deposit.
You can bid on up to 5 vehicles at a time with a deposit. Normally, the deposit is 10% of the annual maximum bid that you wish to place.
As an example, if you are a basic member and plan to bid for $4000, you would have to deposit $400.
- Premier Membership
If you think the basic membership does not provide all the features you need, you can always upgrade to the Premier membership. Usually, this membership costs about $199, plus a refundable deposit of about $400.
Individuals and buyers have substantial purchasing power with this membership option. Each day, they can bid up to $100,000.
Vehicle Designations and Highlights
Learn the letter designations next to each vehicle listed on the cool part auction.
As an example, if you see the letter “E” next to a vehicle, it means that the vehicle has not been verified to run, so getting it moving will be a challenge unless you are buying it as an education project or to replace parts.
The letter “S” next to a vehicle signifies that it starts and then idles, indicating it may have significant problems.
Last but not least, if you see the letter “R” next to a vehicle, it means it is drivable and runs, meaning you can drive it immediately.
VB3 (Virtual Bidding Technology)
With Copart’s technology, you can hold online auctions. In this way, you can place your bids from a computer, a phone, or a tablet. Making a bid or selling a car through this site is free of arbitrations, red lights, or green lights.
In other words, virtual bidding technology saves you the hassles associated with selling cars in auctions.
Transport and Vehicle Delivery
With Copart, buyers can deliver their auction-purchased vehicles domestically and internationally.
If you have a preferred transporter, Copart can work with them to pick up your vehicle in transit or at the scheduled time.
Information about Licensing
To facilitate your bidding process, you must submit licensing information whether you are an individual, a business, or an international member.
As each state has its own requirements, you must familiarize yourself with them.
Copart is the place to go if you’re looking for a great deal on a car. However, do your homework before bidding on any cars. The cars are sold “as is,” so if there are any problems with the vehicle, it will be your responsibility to fix them.
Get in Touch!
Whether you are buying or selling a car with Copart, you’ll need someone who understands your requirements to transport your vehicle.
Click here to explore our across-country car shipping routes.
Frequently Asked Questions
With Copart, how fast can you sell your car?
In just 3 days, you can sell your car with Copart, and you’ll receive cash within 24 hours.
Payment options for Copart
A variety of payment options are available to Copart customers: credit cards, wire transfers, money orders, cashier’s checks, cash, and company checks.
What kinds of cars are sold at Copart?
You can buy a wide variety of vehicles. Over 200,000 vehicles are available at Copart. The auctions include cars, trucks, SUVs, RVs, boats, ATVs, and motorcycles. Vehicles are sourced from insurance companies, banks, and private sellers. Copart auctions even sell buses and forklifts.
Copart sells two types of vehicles: repairable salvage and clean title. A salvage vehicle that is repairable is usually damaged in an accident or needs repairs due to a mechanical problem (such as a blown engine) or other issues such as hail damage. A clean title vehicle usually has not been involved in an accident, but may or may not have other issues, like hail damage or flood damage.
What happens if you win a bid on Copart and don’t pay?
If you win a bid on Copart and don’t pay, your account may be penalized or even banned. Furthermore, you may lose the chance to bid on other vehicles in the future. Copart must be notified as soon as possible if you decide not to purchase a vehicle after winning the bid.
Copart may sue buyers who refuse to pay for their purchases and/or apply cancellation fees to their accounts.
Is Copart legit?
Trustpilot rated Copart reviews 2.1 out of 5 stars, while reviews.io rates it 2.4 out of 5. Reviewers on these platforms have complained that a lot of their vehicle parts have been stolen from the facility. It also takes a long time to resolve issues with anything within this company because of poor internal communication.
In general, most reviewers on these platforms rated the selling process as easy and quick. Customers have also praised the sincerity of the company’s customer support and how they go above and beyond to assist. Overall, Copart is a legit company that helps you earn extra income by selling your car.