Salvage Auction Porsche 911 GT3 RS | $88K MISTAKE!?

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  • Опубликовано: 21 фев 2022
  • LeeC Parts Salvage Stores | I buy a '16 Porsche 911 GT3 RS from Copart Salvage Auction! We take an $88,000 risk and buy it sight unseen, will it pay off or are we going to lose thousands!?
    Have a salvage Porsche GT3 RS story of your own! Share it in the comments!
    Enjoyed the video? Let us know if you want to see more Salvage Stories!
    #PORSCHE #GT3RS #SALVAGESTORIES
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Комментарии • 329

  • @loneric550
    @loneric550 2 года назад +50

    I like how clean your shop is and how neat & organized your salvage parts are setup.

    • @scraplifegarage
      @scraplifegarage  2 года назад +6

      Thanks! It was certainly a long process to get it like this, fortunately one of the partners in the business has a good eye for that type of thing.

  • @vinnievega197
    @vinnievega197 2 года назад +44

    Hey, I'm in the same industry on a much smaller scale. I love getting these little glimpses into how you guys do things. I'd be very appreciative of more content like this.

  • @gregghierholzer
    @gregghierholzer Год назад +2

    Cool breakdown on the car. What would be cool is an end of year update, what sold what didn't.

  • @Ptk22
    @Ptk22 2 года назад +21

    As a business owner I appreciate the breakdown of the numbers, too many people don’t understand how small profit can get fast when you start talking about payroll, taxes, shipping etc. different industry same stuff haha. I appreciate the videos brother keep it going.

  • @denniss8644
    @denniss8644 Год назад +1

    The last few minutes of this were great. Thank you for providing such candid content about the business.

  • @tylerkramer8625
    @tylerkramer8625 2 года назад +8

    Stay at it Lee, definitely glad to see how far you've came with your business

  • @andrewbeetz2196
    @andrewbeetz2196 2 года назад +36

    Great content, cool to see the nuts and bolts of the business!

  • @overdogcc
    @overdogcc 2 года назад +2

    Loved this video. I’ve been contemplating starting this type of business. Will be staying tuned for more information. Thanks ✊🏾

  • @Dave_Boyer
    @Dave_Boyer 2 года назад +6

    I like how the cars are stacked inside the building, sure beats the old days of trudging through the mud for parts.

    • @scraplifegarage
      @scraplifegarage  2 года назад +4

      That was one of our goals in building this business, no one wants to get parts for their pride and joy out of a mud pit

  • @luiscarrasquillo6830
    @luiscarrasquillo6830 2 года назад +1

    Such great information and the the way you Broke the margins down was extremely eye opening and educational. Great job. Hope you do well.

  • @jwork979
    @jwork979 Год назад

    Love what you guys do. The videos are great to watch. Keep up the great work guys…

  • @tomgeorge7989
    @tomgeorge7989 2 года назад

    Excellent cost factor video. There is a lot involved in the auto business most newbies don't understand. Had a small repair shop with little knowledge and little finances to start. Was a struggle, then paid off one tool, then one more, then acquired a paint booth..was commercially zoned. Then acquired some business contracts. Time is your friend. Look down the road, not just to the first intersection. There are many turns and twists....and temptations when the money starts coming in. Look for deals, buy in bulk, reduce yoour overhead and there will be light at the end. I sold my shop with all the tools and ten vehicles. Started something new. Good luck my friend. Excellent video.

  • @hauolireeves9738
    @hauolireeves9738 2 года назад +1

    I thoroughly enjoyed this! When I was younger I used to love buying Honda’s at the insurance auto auction. It was a lot of fun and downright addicting. Now that I’m older I have my sights set on a Porsche in the near future although I don’t think I’ll try to be getting one at auction, I’m not that brave. That was some really good insight that I’ve always wondered about. Thank you

  • @miguelangelbautistaperez2938
    @miguelangelbautistaperez2938 2 года назад +1

    Hope u see the comments to let u know that we are here supporting and hopping to see this channel grow

  • @DedicationSi
    @DedicationSi 2 года назад +4

    Really appreciate the transparency, keep up the good work

    • @scraplifegarage
      @scraplifegarage  2 года назад

      I have a bunch of of these coming, glad you enjoyed it!

  • @enyionyeobia5103
    @enyionyeobia5103 2 года назад

    Loved the frank behind the scenes look at a business like yours. Keep this type of content coming. Perhaps you might do a one year update to this particular video.

  • @chrisjones708
    @chrisjones708 Год назад

    Wow, amazing detail, thanks for sharing this. Found your channel through your gt4 rebuild videos. You have a real gift for video and I have been slowly watching more of the older content. Would be really curious to learn how you got into the industry in a video.

  • @lutomson3496
    @lutomson3496 2 года назад +1

    Like the salvage stories keep them coming!!

    • @scraplifegarage
      @scraplifegarage  2 года назад

      I appreciate it! Going to make it a regular segment if you guys are enjoying it!

  • @wescortez
    @wescortez 2 года назад +1

    Yes, please make more of this kind of content.

  • @ThatLigarage
    @ThatLigarage 2 года назад +2

    Great information on this, I didn’t know there is that much though process in the salvage selling part. I buy them and fix them so it’s a totally different thinking process. Great work guys👍🏼

  • @racsowang
    @racsowang 2 года назад +3

    I bought a pair of s2k door sills from you guys. It came just as described with great packaging. Glad to find this channel!

    • @scraplifegarage
      @scraplifegarage  2 года назад +1

      Thanks for the biz and thanks for watching!

  • @FBodyFans
    @FBodyFans 2 года назад +1

    No risk, no reward. Love the GT3!

  • @terrymac6866
    @terrymac6866 Год назад

    This video came up on my feed. You got a new subscriber. Looking forward to your content.

  • @weaverhchrist
    @weaverhchrist Год назад

    This episode & those like it are exactly why I subscribed to your channel!

  • @sharpdepot
    @sharpdepot 2 года назад

    Great content, thanks for making this type of video, well done.

  • @JohneyWalker69
    @JohneyWalker69 Год назад +1

    I love how a lot of the videos you bring the viewers into it too, like job offers and when you let people find cars for you for $100 commission, I think this is great.

  • @mmenchu
    @mmenchu Год назад +1

    Great video Lee. Watching this almost a year after you posted it and am curious to see how much of the inventory you've sold. Thanks.

  • @jaracena100
    @jaracena100 2 года назад

    Definitely dig it extremely valuable information please keep them coming.

  • @bradwilliams4921
    @bradwilliams4921 Год назад

    Very interesting. I think you do an excellent job of producing these videos. Thanks for all the insight.

  • @fotoarttoo
    @fotoarttoo 2 года назад

    Great insight and break down on an exotic salvage. Thanks

  • @chellouniquestyle
    @chellouniquestyle Год назад

    Thank you for all the information!

  • @beachengineer
    @beachengineer 2 года назад

    Excellent video! Very nice to understand some of the financials in the business. I had this type of business decades ago focusing on Chevelle SS's but on a very small scale and found it very enjoyable and somewhat profitable. It's nice to see how what it takes to scale and remain successful with today's vehicles. Keep up the great work

  • @JP-bb3yc
    @JP-bb3yc Год назад

    Enjoyed this Video!

  • @MAMotorsports
    @MAMotorsports 2 года назад +2

    Cool to see the break down for sure. Awesome Channel here Lee!

  • @craigsanderson6974
    @craigsanderson6974 Год назад

    Loved the way you broke down the details

  • @ctvette1318
    @ctvette1318 2 года назад +1

    That was very informative and really enjoyed it.

  • @towerfarm
    @towerfarm 2 года назад +2

    Fabulous video and great explanation of the economics of buying exotic cars for parting out. The salvage business requires the savvy of people like you who can take the risk, do the math and figure the margins. Appreciate the knowledge and skill required, it isn't easy as you have shown! Glad this one worked out, or appears to have anyway.
    Independent Motors bought the shell from you which we will use to repair a right side damaged 991.2 GT3RS. We took the chance on a lightly damaged 2019 for rebuild and were looking for a quarter panel, door, fender and rear axle hoping they would be available when we bought the car. We were pleasantly surprised to find all but the quarter panel, which as you know is a little like finding a needle in a haystack. Fortunately, the timing was right and we had a sharp eyed man on the task who saw the shell in your inventory.
    We'll show you the before and after photos when we are done with the project. A bit of cut and paste required, but the shell supplied the missing pieces.
    Thanks for the video and the work you guys do. You run a first class shop.

    • @scraplifegarage
      @scraplifegarage  2 года назад +2

      Thanks for stopping by! You guys are the perfect use case for that chassis. I hope it’s a relatively easy fix for you guys.

    • @towerfarm
      @towerfarm 2 года назад

      @@scraplifegarage Oh I'm certain it won't be easy, but it will be a fabulous track car when finished, and one you can drive on the road to the track as well! These cars are too amazing to not rebuild.

  • @Chezohiow
    @Chezohiow 9 месяцев назад

    Your a cool dude plus your content is the best mate
    Good insights in your work process

  • @bezuidenhoutreclaimworks7407
    @bezuidenhoutreclaimworks7407 2 года назад +2

    Its adventurous to take a leap of faith and when you reach success, that feeling is the best dopamine injection... Ever - RIP gt3

  • @tomtht3355
    @tomtht3355 2 года назад

    Extremely interesting vid. Thanks ! 😎

  • @VampirusX
    @VampirusX 2 года назад

    Great vid! To see the potential on a crushed Porsche separates the pro from the regular car guy!
    I jumped into the day trading business 3 years ago and I'm still going strong!
    Follow your dreams and you (most likely) succeed!

  • @thewedge8823
    @thewedge8823 Год назад +1

    "I think the mirror on this thing is worth more than a Camaro total" hahaha you guys are hilarious. just found your channel and subbed.

  • @carsandchronos
    @carsandchronos Год назад

    This was a really interesting video! As a car enthusiast, there are only so many “I bought the cheapest Gt3 in the country” videos that keep your interest. This was a different spin and very enjoyable.

  • @thomshere
    @thomshere Год назад

    Thanks so much for the financial breakdown! That is information that I would imagine is hard to find. Thanks for all your great videos. 🤘

  • @redherring395
    @redherring395 2 года назад +6

    I enjoy these types of videos. It's always interesting to learn more about all the different aspects of the automotive industry and get some behind the scenes input.

    • @scraplifegarage
      @scraplifegarage  2 года назад +2

      Thanks for watching! We’ll be doing more

  • @tracysmith6757
    @tracysmith6757 6 месяцев назад

    Very transparent, good info for someone considering this business!

  • @johnjays13
    @johnjays13 2 года назад

    Awesome video. Keep up the good work

  • @brodybroccoli7964
    @brodybroccoli7964 2 года назад

    Man bro I’ve only watched the videos on the Porsche but this is sick asf u rebuilding these cars for cheap id love to do this I get older

  • @dougsrosen
    @dougsrosen 2 года назад

    I looked at this on IaaI and I am so happy you bought it. It looked terrifying in the auction photos. Good Luck Boys!

  • @lvamp13
    @lvamp13 10 месяцев назад

    this was great thank you very much guys it helps to see what goes in to it to think do i want to try this or not

  • @BOARDMAN16456
    @BOARDMAN16456 Год назад

    RESPECT FROM SCOTLAND.

  • @brianhimmelman420
    @brianhimmelman420 2 года назад

    Great video thank you

  • @Evanamartin
    @Evanamartin Год назад

    Didn’t realize this was Lee parts till halfway through the video. I’ve bought Subaru parts from you guys before 😊😊 great experience

  • @jpsIV
    @jpsIV 2 года назад

    thanks very informative

  • @507enigma
    @507enigma 2 года назад

    cool vid keep it up!!

  • @pauldaly3589
    @pauldaly3589 2 года назад +1

    Thanks for the video but so sad to see the beautiful car parted out - Ouch

  • @planception7979
    @planception7979 Год назад

    insightful thank you

  • @marks2224
    @marks2224 Год назад

    Did you have to do anything specific to start it with the blown airbags or it just started right up

  • @rickgalla3377
    @rickgalla3377 2 года назад +1

    Great video, I'm new subscriber from New York city, I appreciate the numbers break down, and do understand the risk in buying exotic salvage cars, I'm more like u I stick with the fast moving items, that I know well and very very high demand.(mustang, camaro, vettes etc) thank you and good luck with your future

  • @davidfalk8953
    @davidfalk8953 Год назад

    man im glad i found your guys channel

  • @powershift1
    @powershift1 2 года назад

    Excellent overview.

  • @markgreenwood6630
    @markgreenwood6630 2 года назад

    Nice job enjoyed the show

  • @thorzeens
    @thorzeens Год назад

    very intresting for sure

  • @ciex7
    @ciex7 2 года назад

    Nice Video Lee Thanks

  • @russelbarns1737
    @russelbarns1737 Год назад

    Hey Lee...seen a lot of your latest videos over the last 4 or5 months...Ive commented a lot ,on how good they are...this is no exception...great car and insight. Love to know 11 months down the track how well the parts have sold. Cheers mate

  • @lvleatherby
    @lvleatherby Год назад

    I would like to see more breakdown videos like this. I enjoyed it

  • @RobbieSalome
    @RobbieSalome 2 года назад +1

    Epic Video, ..I was an assistant manager back in the 70's..San Diego Foreign, start at 15 by 18 assistant manager...organization is the key, know your stock..I was buying insurance auctions 30-40 cars at a time, banging em out,... 911SC, Carreras, 356's..we were racking it in...had the market cornered,...this guys got it down to a statistical science...epic...

    • @scraplifegarage
      @scraplifegarage  2 года назад

      That’s awesome man! If only it was still like that 😅

  • @elitecarhub2831
    @elitecarhub2831 2 года назад

    Bro on tires absolutely epic funny 😆 keep it up great looking gem 88k is a steal

  • @travishackney7771
    @travishackney7771 Год назад

    I’m a FAN FOR LIFE

  • @Nimbus.
    @Nimbus. Год назад

    holy shit! seeing your numbers is hella motivating!

  • @idcray8572
    @idcray8572 Год назад

    This was a excellent video…..

  • @gt-garage
    @gt-garage 2 года назад

    This is an awesome video from an industry pro. Thanks for the insight!

  • @KiNG-tx9je
    @KiNG-tx9je 2 года назад

    Interesting thank you

  • @ProjectsMB
    @ProjectsMB 2 года назад

    I really appreciate the insight into the late model scrap world. I'm an auto engineer by trade and have a few side hustles doing rebuildable exotics and vintage muscle restoration/preservation and flips.
    Lately, I've been looking at expanding my interests and am considering the porsche salvage field. Could be tough here in Los Angeles because we have a couple of porsche specific dismantlers.
    Anyway this was a unique insight into the financials and that is greatly appreciated.
    Best of luck for continuing success

    • @scraplifegarage
      @scraplifegarage  2 года назад

      Thanks man, I know it’s a little niche but people seem to like it

  • @altenergyofva
    @altenergyofva 2 года назад

    Awesome information.

  • @lbmazdaspeed
    @lbmazdaspeed 2 года назад

    Great channel!

  • @vandalorianvandalorian4769
    @vandalorianvandalorian4769 2 года назад

    Thank you for the quick education. You did very well, so I’m investing in a subscription.

  • @darrellbrixey5341
    @darrellbrixey5341 Год назад

    Awesome video

  • @Billinla
    @Billinla 2 года назад

    Awesome too Cool, I like your business.

  • @artochoa4040
    @artochoa4040 Год назад

    thanks for putting # in

  • @MasteringHow-To
    @MasteringHow-To Год назад

    That car is a piece of art. Damn!!!!

  • @williambundy5146
    @williambundy5146 Год назад

    I like when you break it down

  • @johnbmw550i
    @johnbmw550i 2 года назад

    Enjoying your content, best regards.

  • @codycool7
    @codycool7 2 года назад

    It's so good, please do more videos like this with all the costs! Thanks

    • @scraplifegarage
      @scraplifegarage  2 года назад

      You got it!

    • @codycool7
      @codycool7 2 года назад

      @@scraplifegarage thanks very much, from Australia!

  • @AlienBros
    @AlienBros Год назад

    Damn wish I had known about this 8 months ago. I am like 4 hours away in Maryland and working for you guys seems cool as hell lol.

  • @shanethomas5327
    @shanethomas5327 2 года назад

    Do you guys part every car? or do some cars come in that you guys elect to just rebuild and sell? its cool seeing you guys make videos since ive bought a bunch of stuff from you guys before ha!

    • @scraplifegarage
      @scraplifegarage  2 года назад

      Thanks for watching! We part out most! Just fixed a vette though, have a video on it next week!

  • @johnswanson6994
    @johnswanson6994 2 года назад

    At first I thought it was just a front end collision, and based on that, possibly repairable. This is after all a $200k ++ car. But then I saw the right rear quarter….. It would be interesting to know how the collision happened. Also, to know how the parts will be used. How much did you list the engine and tranny for?

  • @pinstripingbybear.
    @pinstripingbybear. Год назад +1

    PORSCHE EVEN GOOGLE SAYS IT RIGHT >>>POR-SHUH

  • @fredvallenet
    @fredvallenet Год назад

    The excitement is worth more than the car itself 😜
    It's good to see that it's not just about the money.

    • @scraplifegarage
      @scraplifegarage  Год назад +1

      On the contrary, this series is all about the money 😅

  • @cobyryan
    @cobyryan 2 года назад

    Dude- this is great- fascinating shit!

  • @izney2870
    @izney2870 2 года назад

    Great video I always had that idea of buying a crashed super car and fixing

  • @Muttley3000
    @Muttley3000 2 года назад

    Experience is PRICELESS!

  • @epiciphones
    @epiciphones 10 месяцев назад

    Just asking why you rebuild a crispy burned hellcat but part out this awesome Porsche ? 😂 love this channel ❤🔥🔥

  • @Sams911
    @Sams911 2 года назад +2

    what company do you mechanics use to transport a big snap on tool box from state to state?

    • @scraplifegarage
      @scraplifegarage  2 года назад

      Most techs generally either have, or know someone who has a trailer to move boxes. Otherwise they’ll hire a tow truck.

  • @Matt-rk3de
    @Matt-rk3de Год назад

    Haha Pour Richard’s. Nice

  • @BplexOnline
    @BplexOnline Год назад

    hello, i am looking for e30 m3 rear quarter panels. just wondering if you have some in stock

  • @raymondadams8482
    @raymondadams8482 2 года назад

    Cool video and insight on the specialty parts business. Also love the Baltimore accent--very similar to Philadelphia's beautiful dialect ("Hoagie Mouf"). Takes one to know one. 😁

    • @scraplifegarage
      @scraplifegarage  2 года назад +1

      Probably the reason I say POORSH

    • @raymondadams8482
      @raymondadams8482 2 года назад +1

      @@scraplifegarage LOL. I have to throw out a "wudder" every now and again. Great stuff, just subscribed.

    • @scraplifegarage
      @scraplifegarage  2 года назад

      @@raymondadams8482 wudder, Warshington, etc

  • @stephenfaehner3859
    @stephenfaehner3859 Год назад

    Great content all around, have a Couple Gen6 Camaro’s, looking for a nice Gen 6 Z06 - would you consider running a project for me as a customer?

  • @rogerredman-gp5qj
    @rogerredman-gp5qj 2 месяца назад

    good job mate

  • @lbmazdaspeed
    @lbmazdaspeed 2 года назад

    That green miata in the background, brought me to your channel

    • @scraplifegarage
      @scraplifegarage  2 года назад

      I’m glad it’s good for something other than rotting in the lot!