I'M A CAR DEALER - This Is How Much I Paid For Cars At Auction
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- Опубликовано: 14 окт 2024
- Car Dealers PAY CRAZY PRICES At Auction! They're IN TROUBLE!
In this video you will get to see what car dealers are actually paying for their cars and trucks at auction!
My name is Brandon and I am a used car dealer. I created Car Questions Answered to share the ins and outs of the used car market from my perspective. I share with you updates on car prices, what's happening at the dealer auctions, and what it's like being a dealer. My goal is to share information to help you make the best decisions while buying a car to save you money. I do not want car dealers taking advantage of you.
Thanks for watching and please feel free to leave any comments you may have in the section below!
And make sure you don't forget to LIKE, SHARE AND SUBSCRIBE FOR MORE!!
*None of this is meant to be construed as financial advice, it's for entertainment purposes only.
#UsedCarMarket #CarPrices #carmarket #usedcarprices
Dibs!
Props for creating this new era of transparency, consumers appreciate you!
I never even thought about watching car auction videos before I started watching you, but these walkthrough and auction videos are my favorites hands down.
I like Brandons Commentary on the auctions.
Yea just remember there are buyers fees, Detailing costs, transport, Possible repairs, (oil changes) maybe tires? dealers need to meet a minimum standard. So the profit margin is really tight on these after paying Rent.....Dealers need to have a retail space to be able to maintain dealer status. And are subject to Consumer affairs regulations.
"A Subaru without Dog hair means that a Dog has committed a crime in the vehicle and covered it up." 😂
However, some dogs don’t shed 🎉
@@richardbond9406 Yeah, uh huh... the hair grows and just.... stays there forever??
I've had a Subaru for over 10 years. never had a dog in it.
🐩
I say don't buy any car new or used. If you have a vehicle right now keep it and do all the required maintenance on time. Remember cars are depreciating liabilities. They are what keeps the middle class basically broke. Invest your money in appreciating assets instead.
I say land. They're not making anymore of it.
and what about cars that are more then just transportation? a buick grand national, GMC syclone and typhoon, an older corvette or camaro...... many of these actually go up in value
I invested in Euro porn company. They grow bigger every year.
@@andrewdonohue1853 For the fools.
And a 30 year mortgage will keep you broke right along with it. ✌️😎
My wife and I’ve bought a 2010 Mitsubishi outlander as a throwaway car, meaning we did the least maintenance as possible oil change every 5000 miles, never change the transmission fluid never change the differential fluid never changed the rear end fluid never changed the timing belt. The car had over 200,000 miles on it and still ran good. The dashboard was lit up like a Christmas tree but still ran good didn’t matter to us. We kept it down in a second home in South Carolina where they don’t do car inspections. We bought it brand new now that we know how reliable it is. We bought a 2018 outlander sport that we change the fluids once a year every fluid in the car except the motor oil we change that every 5000.
Your logic would make a lot more sense if you bought another 2010 with low miles. Assuming that a 2018 will be like a 2010 is an idea with very little basis, for any brand.
@@big0bad0brad what I’m trying to say is I bought a 2013 Honda, and I also have a 2018 Mitsubishi outlander sport but back in the day when I bought the 2010 Mitsubishi it was just a third car in my family. nobody took care of it nobody really cared and it lasted which is a testament for the brand is what I’m trying to say.
My other two cars, the Honda and the outlander sport. I changed all the fluids yearly weather I need to or not except for the engine oil back. It’s changed every 4 to 5000 miles.
@@jojojeep1 I get that, I just don't agree at all with the idea of brand loyalty. We drive cars or trucks, not brands.
@@big0bad0brad my brand loyalty was to Honda but any car built after 2014 is shit if you ask me too much technology for the average guy to work on his own car anyway I hope we could agree to disagree. That’s the way it should be have a great day brother.
@@jojojeep1 I'm with you on the modern developments. I don't want my car to have its own cell phone or satellite downlink. I don't want to be locked out of advanced troubleshooting. Hell my local Mazda dealership used to be good and now I take a car there to fix a specific problem and instead they do an inspection without asking me and fix nothing. It's kind of infuriating.
Many of these cars bought for $2,500-+ are put up for sale for $5,999 to $7,999 with zero recognition . Post will state “ run as it should, heater and ac work well” + $399 “processing fees” excessive greed will bring destruction and no sale. Ends up wholesaling it to a neighboring dealer for $300 over actual cost.
Keep us posted on the Element. I’d like to see more about what you do after you buy a car.
Our 2008 Element check engine light turned out to be no compression cylinder 3. Had to get a JDM engine to replace and this engine has been fine. Had 53,000 on it.
@@plunkett68 where did you get JDM engine?
@@MattaKY5064 run jdm engines near you. If Dallas area in Garland JDM Alliance
53,000 miles from Japan. They have to swap out at 50,000 over there
Watching yall buy cars for yerselves is muuuuch cooler than the random ‘cool’ cars.
I get it that for the views you have to show the faincy stuff but I really dig seeing yall in yer element.
Saving up rn, plan on seeing yall in 5-6 wks to buy me a car. My 2011 Volvo finally died w 300k miles.
Love yer channel. Fellow tarheel
Old school mom and pop cars that have been taken care of never make it to the auctions anymore all you see are the leftovers.
I would never buy that jeep for that much. They’re high as a kite 🤣
It won't last forever. But we appreciate you doing what you're doing Brandon. Even if we all can't take advantage of your sense of fairness and generosity.
Man, i haven't seen a car sell for 4K$ in my area on any used lot. There's one lot , they sell clean looking cars, newer, but all have extremely high mileage and they're asking 20 grand and highher ...
Alex, sorry you have to bring the boss to the auction. Got to make things twice as hard...lol
An old beat down nasty ass Jeep for $17,000 You got to be kidding me that thing is worthless nothing but problems It's been thrashed😂😂😂
exactly know its been in deep water, these people are dumb af
That jeep would be a barely OK buy at $10K. Anything above that is a fools errand.
I agree ...insanity
Should be a scrap metal
a fool and his money
Fun show and very informative.
12:49 Long time viewer, now I did as you said.
Subscribed.
No dog hair?! WTF! Definitely bought a Subaru owned by a serial killer!
Love the videos when you are in the field! Also, enjoy Alex being in the videos, he adds a good touch and entertainment!!!
$17K (offer) for that rat-sht jeep is absolutely CRAZY!
Really love your videos and the transparency about price. As you’re buying cars today, it would be great to get your purchase price and also your estimate of what the car would have sold for at the peak of the market. Thank you again!
Those aftermarket headlight covers designed to make the Wrangler look mean are the dumbest thing I have ever seen.
No the dumbest thing is car eyelashes
They are two different directions from the same point; equally as dumb as the other.
Your little mistake at 8:45 reminds me of the time I accidentally bought a car. I was adjusting my shirt, and the auctioneer took it as a bid.
Of course I wasn't obligated to take it, but it actually turned out being a pretty good deal, and everyone got a good laugh out of it.
Im a used car dealer in Louisiana and love watching your auction videos. Keep up the good work bro. You stole that Subaru
I really liked this video. New format was entertaining.
They ruined that Wrangler with all the grille and light bar mods.
Mobile auctions! Nice!!! I used to be able to get “auction” cars from dealerships in the early 2000s. As is paperwork out the butt however, I’d get a mechanic’s special!!
Parts Geek is showing a CAT for that GMC for under 200 bucks.
Just might be my new parts source.
Brandon, a thought as far as rust goes in our area. If the city keeps throwing down that salt brine everytime they get a sniff of ice/snow, we will have to worry about rust in the future.
I would not touch a 3.6L GM anything that needs a converter.
I like the indoor auction because I hear the one guy say, "HUP".
I love the Shake n Bake episode. More Alex, you da man.
We used to have a law against tyres outside the bodyline. Did you ever?
That Rubicon "rust" is less than what was on my Wrangler I ordered brand new from the factory when it came off the truck. A manual is NOT a plus in a Wrangler. Sure, old school offroaders who were in the woods climbing rocks with their CJs might buy them but Joe Mall Crawler wants only an automatic so their wife can drive it.
I like that Element buy… didn’t know you occasionally get them… hope it is a simple fix … the buyer will potentially get a good little car. GL
Brandon - do you ever go up to Rays Southern Auto Auction in Greensboro? I waved down at you guys as I was camped next door to that auction house last night 😀
I've never been to that one but we use to go to Greensboro Auto Auction every week
A lot of people think when you buy for 2600 and sell for 4000 your making a lot of money. But truth.....Detailing, Tires, small repairs, engine light pops on transport and buyers fees. all add up......very little profit margin. usually less than 1000 on a car buy. These small dealers need to sell volume to make any money after paying RENT.....
Did good on the outlander, got 280,000 on my 07.
Those are rookie numbers...gotta pump them numbers up👀
Wow 😮 those are some low prices you’re getting on some of these clean, nice looking rides.
I like how they drove 4 out of 5 of those expensive tires on that clapped out jeep.
Thanks again for interesting and educational content!
09 Forester, @ 116,000 miles. timing belt mileage and right around when the head gasket blows... do you guys fix these things up or sell them as is when you get them to your place? just wondering.
They aren't putting timing belts on stuff unless there is an issue. If you want a car gone through, you are paying much more than $3500.
If no signs of leaks $3,500 is a steal. At that price you can have the dealership do a full head gasket timing/pump job and still feel like you got a deal.
Agree- you will need to put a lot of money into the timing belt and head gasket.
@@brianmack3665 wow, where's that dealership?! I wanna move there!
@@mph5896 ok. how much more?
Just sold my even older forester with 200000 miles for $2700 in NY. It was a Florida car and rust free old cars are more valuable up here. Thats a heck of a deal for that one you guys got in my eyes.
Get Alex his own channel....the brains behind the auction process!
This was fun!
This is a mess. Thanks for sharing.
Woah
I thought that Auctioneer was doing a Drum fill on the mic. Very cool😂
auctioneers are the original rappers
cool video love this one seeing the bidding in action.. fun stuff!! i once owned a subaru.. im **NOT** a dog person in the least.. not even a little bit.... so there was no dog hair in mine.. the girls that bought it from me had 4 dogs so they made up for the dog hair I didnt put in it
Who else heard eeeb be deeeb ba deeb bandeeb ba deeb ba deeb.,, from the auctioneer ??
They go to school for that😅 it's funny! I heard it😅
that is so stupid custom.
Watching your auction vids, there's always one thing that gets me every time. All other market segments, from pork bellies to microchips, do the same thing; so it's not uniquely automotive. And I get it, I'm probably the only one who feels this way - I'm alone, I'm the outcast, that dude who doesn't "get it." But I think the auctioneer lip-flapping babble is just utterly stupid. It's stupid. It's a tradition that's stupid. It sounds stupid. Why can't he just clearly call out the bids, clearly interject occasional comments to facilitate bids? But the flapping-your-lips-with-your-finger auctioneer prattle just grates on me so much. As for your channel, I never miss a video. Great job CQA!
I like your point that people need cars in the 5k to 6k price range. That is a huge market.
If it has a OBX sticker on it you know it's hit the beach
probably picked up some rust
I wish you were in Dallas. I'm definitely looking for a run around car.
So on the rust topic - do you think the south actually is a more limited market, because cars from the north or rust belts don't sell or appeal to buyers in the south, but cars from the south and southwest are certainly super desirable in the north & rust belts, along with the standard rust buckets we have here.
In the north, there is not a huge influx of southern cars. Plus southern car prices are expensive compared to the stuff up here in the north, hence not a ton of movement from south to north
You should bring garbage bags that fits over the window with you every time you go to the auction and then if they don’t roll up, put one over the door and close the door
I was thinking you were going to say put the plastic bag over the window and pull the fuse so the other buyers think the window motor is shot so you can get the car cheaper.
Serious question: Can u guys hook up the software program to the vehicle in the auction car lot?
The idiotic part of bidding is that a vehicle will go from an asking price of $3K to $1k only for the dealers to bid it back up to the initial asking price of $3K... Idiocracy at its finest.
What would be the benefit of bidding early with the objective of getting the lowest possible price? What if you bid on something immediately and no one else bid? You would have just screwed yourself out of a few grand. First bidder sets the price floor, not the auction.
@@ocman11 the auctioneer is in control because they play off the seller's reserve. They mostly start at a bid around the reserve then go down for biters. Most dealers still bid it back up by get into a bidding war with each other and end up paying more than the vehicle is worth wholesale...
I live in the heart of cincinnati ohio and idk when the last time I seen a vehicle that's a 2022 or newer..
That jeep just needs a frame restoration. It runs about $8 a can at ORielly's 😂
Good Video Boys !!!
Thought i would test the waters on a truck, I was told they stopped taking trade ins.
Was the element AWD? Very popular here, I'd love to have one to take to guitar shows. I can pack a bunch in them! 8) --gary
I went to a fundraiser auction Saturday- told Mrs RKS that I was willing to go up to $2k for an item. It went for $4k. I still made a donation to the charity though.
My wife’s mom just was talking advantaged of by a guy who goes to car auctions for people. He charged her $25k for a 2021 Toyota Corolla LE with 30k on it. I’m like you can buy a brand new one for less. So I’m curious what they’re going through at the auction
You two are havin' more fun than the law allows!
I have that same model outlander, great car 176k miles and never had an issue. lol
Can you a video with Alex and ask him what he thinks ppl should be looking for before they buy a used vehicle?
How come no one is talking about the dealership computers are down sense last Thursday?
50 grand for a truck that’s crazy
There's always one in the comments 😂😂
Prices are not going to go back down. Full-size trucks are going to drastically change for the worst in a few years and prices will hold where they are.
@@hochhaul Lol ok dude
@pieswimmer1 New truck MSRP's are not going to budge. That holds used truck prices where they are. Fuel economy and emissions regulations are going to get so strict in the next 3 years that most reliable engines will be gone or ruined by heavy and unreliable hybrid junk. That additional junk is expensive and will put pressure on keeping prices high. Plus newer trucks are gar age compared to the one it replaced. Pre-2022 Tundras are worth more used than a 2022+ Tundra. Nobody wants the newer ones because the engines blow up and the transmissions fail.
Same guy makes the same comment in all these videos.
Bet you come across a lot of palmetto state armory stickers
From 2015 and on those jeeps and their viser falls off on the passenger side on every 2 door 4 door and Gladiator that I've ever seen. It's just a Jeep thang...
In the Carolina's, if you know how to fix the rust you could get some awesome deals.
You mean access to spray paint? I'm a northerner so that car has spent its entire life in a garage.
Driving has become unaffordable
Say it again for the people in the back, insurance keeps rising and rising
@@seandp85 dude insurance is a crime!
Suggestion: bring tape and plastic to the auction for cars you buy that you can't roll the windows up on.
That Jeep is really awful.
If you call dibs and they bid on it. That’s a lawful violation of the dibs code.
With what Insurance pays for a totaled vehicle, usually not enough to replace it, definitely need more used lots following these guys model.
That was a neat insight into the entire auction process. Nice to see Alex there. I have a 2001 Jeep Grand Cherokee with plenty of white German Shepherd hair in it.
Wow, i payed 10800 for a 93000 2011 forester same color. I wish i bought your car, i would've saved 1/2 price.
Although i did have an 09 before and the biggest things are head gaskets and timing belts.
Standard tran is what you need in a true off road vehicle.
Anyone else never get notifications for new videos on this channel?
pretty good deal on that 2009 Subaru Forester
Wouldn't touch that Jeep with a 10ft pole. That Dana front axle is not designed to be bulldogged like that.
I seen a couple of 6th gen Tauruses. That is what I have
that little bit of rust is NOT going to keep that jeep from running.
Is there a stock symbol to see what the used car market is doing right now?
Thanks in advance.
Starting to realize that the car industry is just kind of gross. None of these boxes on wheels should cost close to what they cost. Period.
I know Alex is a bit camera shy.... but more Alex content!!! Tell him don't be shy.
What is your dealership name? I'm in Wisconsin and need a clean rust free car.
Hi there! Is it generally safe to buy a vehicle from a dealer bought at an auction? I am interested in a 2021 Tacoma that was bought at an auction. It is Toyota certified. 34,000 miles… should I be concerned about it being auction bought? Thanks so much! 😊
To me a manual is a plus
All in my backyard buying cars ! I have to at least come meet ya and pick your brain. I buy about 150 a month in that area.
You are not a participant in Gimme a Vins highline and exotic sale in Dallas.
I need this in my life. Now that I see it.
Manual is definitely preferred for the Wrangler market
This a dealers tent sale. A tent sale for dealers only.
Cool video 😎
Here's an honest question.
Would you buy cars at auction for a predetermined customer? For instance, i want a Nissan Titan. 2016 I'd be willing to pay 20k for one under 100k miles if its in good condition. Would you be willing to sell it to me with a $1500 commission? Is that legal?
When will the Subaru go up for sale?
I'm looking for a midrange millage gladiator in my cheap price range.