Copart Fees & Total Buying Cost | CB500F Wrecked Bike Rebuild

Copart Fees & Total Buying Cost | CB500F Wrecked Bike Rebuild - E2

Рет қаралды 36,674

4 жыл бұрын

IN THIS EPISODE HooptieDoodle breaks down the total cost to buy a $350 winning bid at Copart. Guess what? It's more than $350 due to additional fees and expenses.
Copart Fees: www.copart.com/content/us/en/...
We bought a wrecked 2016 Honda CB500F from Copart (www.copart.com) for $350 and are going to rebuild it! It's an exciting experiment to see if buying wrecked bikes makes any financial sense. It's potentially an opportunity to have fun on the cheap. In this build series we'll provide lots of detail on how we bring this bike back to life. There'll be tips and mistakes. Learn from them all. Subscribe, follow along, and see if HooptieDoodle is brilliant, or an idiot - it's a fine line :)
Thanks for watching the video. I hope it was useful. Below are links to the parts and tools (or types of tools) I used in this video. I do earn money from any purchases made through the Amazon links and that money helps produce the videos on this channel. So if you need to buy something anyways, please, buy it through these links.
TOOLS
Battery charger amzn.to/2jQCOIm
Jumper cables amzn.to/2jPJfvq
Follow me on Twitter as I wrench and search for the next fun project (& money pit): @HooptieDoodle
#HooptieDoodle #Copart #WreckedBikeRebuild

Пікірлер: 61

@Saddletramp1200 4 жыл бұрын

Great job, I am glad other people have the means too pass this along. I don't have the means to acquire many bikes, but I have had some great bikes for a lot of watching, & some work. Been riding over 50 years.

@HooptieDoodle 4 жыл бұрын

Thanks. This bike was an experiment to see if Copart was a good idea. Here is the video on the finished bike and costs: kzfaq.info/get/bejne/qbGBgq-brNK5eas.html

@kastimizillion 4 жыл бұрын

LOL, your last video convinced me to sign up on Copart. Was just going to dig into what the auction costs are. Now you saved me some time. Thanks HD!

@HooptieDoodle 4 жыл бұрын

I know! It's just not easy to find a steal. I am still optimistic that this route will yield value. (Fingers crossed)

@ando5106 3 жыл бұрын

@@HooptieDoodle 8888

@pokojoe9741 4 жыл бұрын

Great Video, thanks. I just won a 2013 Ninja 650 bid on IAAI for $650, but the total costs came to $978.plus DMV and sales tax. I was a little surprised at the amount and am not sure if I want to go through with it. I should have done my homework.

@301susana 4 жыл бұрын

You're good! You get right to the point. So...I subscribed.

@HooptieDoodle 4 жыл бұрын

I SUPER appreciate that 😀

@codyglade899 2 жыл бұрын

good video bro, FYI you can get a motorcycle trailer at U haul for $20 for a full day

@tazydevil1379 4 жыл бұрын

Your video helped me out a lot 😎👍

@HooptieDoodle 4 жыл бұрын

Nice! 💪

@kennethhacker3014 Жыл бұрын

Agreed... great presentation

@marineandhisrifle 3 жыл бұрын

A Salvage titled vehicle is valued at 50% of Blue book Not 30% less. And THEN condition is taken into account.

@makemoneyonline8793 4 жыл бұрын

I’m not into bikes but I have bought a few cars from IAA salvage auction, If you want to bid on any and every car In my state you need a broker. The best advice I give people is try to win the car/bike at a low auction price and try to buy local meaning at your local IAA/Copart yard, Go get the car/bike yourself or if you had to pay for transportation you won’t pay a lot because it’s in your state. It’s a lot to it but if you know what you’re doing you can get a good deal.

@HooptieDoodle 4 жыл бұрын

Agreed 👍. There is a lot of timing and patience involved - especially with the bikes as there just aren't as many, so it took me a while to locate one I wanted AND was near-ish by. I would have preferred it to be closer as the transportation costs can really inflate total cost. GREAT comment - thanks!

@mendingmotos 4 жыл бұрын

Going to be doing some copart shopping

@HooptieDoodle 4 жыл бұрын

Good luck!

@martinlopezpgara5treestart263 3 жыл бұрын

thanks for being honest .

@joeabbott7839 Жыл бұрын

Thank for the facts

@warlock.420 Жыл бұрын

The amount of $ you're spending on that bike is way more than I spent on my car, and that's with the $ I spent to replace the battery wires plugs upper intake manifold lower intake gaskets water pump brakes and radiator. That's just crazy.

@jamesstewart2560 8 ай бұрын

If you have a vehicle for under $2000 it must be a shit box 😂

@MotorvriendenDePallieters 4 жыл бұрын

I think you will adjust it, back to stock is boring 😜. And a cafe racer would be fun 👍

@HooptieDoodle 4 жыл бұрын

It seems like custom might be the more economical path to a working bike.

@marcelhartman 4 жыл бұрын

Cool project. Hope the frame is still straight.

@HooptieDoodle 4 жыл бұрын

Thanks. The frame appears to be in good order.

@michaelprentice9779 4 жыл бұрын

So the " BUYER FEE" .... How is that calculated? Is it a % of the winning bid price? Is there a chart that shows prices ranges and fees?

@HooptieDoodle 4 жыл бұрын

% of winning bid www.copart.com/content/us/en/premier-member-fees

@Themayor88 4 жыл бұрын

Customize it!

@therustyduck5400 Жыл бұрын

For the low price you paid, what about parting it out? I would think, the motor would sell for what you have into it. I have 2 coparts within 30 miles from me, and was just thinking.....

@HooptieDoodle Жыл бұрын

I have had similar thoughts, but my experience trying to sell motorcycle parts has also been discouraging. There doesn't seem to be much demand for parts in my experience. Perhaps if you sold online, shipped cross country, and were willing to hold onto parts till you got your price. I've still got a bunch of grom parts😀

@christopheravery5808 4 жыл бұрын

Harley Davidsons retain their value a little better and you can get some of the newer bikes SUPER CHEAP compared to their "new prices". There is definitely some profit to be had of you fix and flip those versus sport bikes. That might be something to consider

@HooptieDoodle 4 жыл бұрын

Those are some good points. Harleys are also plentiful. I'll have to take a closer look at those - thanks!

@radrock6249 3 жыл бұрын

What did you end up doing with the Honda CB 500?

@HooptieDoodle 3 жыл бұрын

I am riding it! I still have a few mods I want to do to it before its finished. I quite like it👍

@radrock6249 3 жыл бұрын

@@HooptieDoodle can't go wrong with a Honda.👍

@SeymourBalz 2 жыл бұрын

Sounds like you didn't do an estimate BEFORE, bidding.

@worldhello1234 3 ай бұрын

@3:16 Quite unreasonably so, because why is the only bidding fee not a flat rate? Do they online servers have to work harder for a Bentley than for a motorcycle? @11:41 Yes, but rebuild doesn't mean good or decent. If you have done it yourself, you know what you have.

@45AMT 4 жыл бұрын

Well at least you didn't pay sales tax. As an out of state buyer I'm exempt from sales tax. They charged me anyway but said since i was exempt they'd refund me. Calling customer service. They gave me an email of which nobody will respond. Rip off.

@kiesha104 4 жыл бұрын

Custo, buddy.... Custo....

@wolleetkikens 4 жыл бұрын

Where the heck in NY did you get Gas for $2.39 😂😂😂 no seriously it's like $2.60 something at bjs and I thought that was a deal!

@Immad1337 4 жыл бұрын

Pamela Keyes still $4 out here in commiefornia.

@HooptieDoodle 4 жыл бұрын

I know a guy😄.

@wolleetkikens 4 жыл бұрын

$4... Ouch... That is painful...

@Immad1337 4 жыл бұрын

Pamela Keyes I’m convinced it’s how they keep people from leaving.

@lastkingof9971 4 жыл бұрын

Alabama gas is 2.27 😂😂

@mattshahwan7874 4 жыл бұрын

customize rat rod

@musica51502 4 жыл бұрын

She sounds nice

@HooptieDoodle 4 жыл бұрын

It does sound nice. Has an aftermarket exhaust of some kind.

@chadbushnell4132 4 жыл бұрын

Cafe racer, for sure.

@msuarezone 4 жыл бұрын

Scramble Those Eggs

@davidlewis3171 4 жыл бұрын

Customize!!!! Stock is boring....let your imagination go wild... scrambler would be cool

@HooptieDoodle 4 жыл бұрын

Scrambler is a great idea 👍

@giliocervantes6793 4 жыл бұрын

This bikes all in probably cost over 5K adding the travel time and Mechanical work. Not worth the hassle, Buying copart junk.

@HooptieDoodle 4 жыл бұрын

That's what my girlfriend says

@giliocervantes6793 4 жыл бұрын

Man buying something that is gonna cost more than a regular bike.. then selling it will be a problem with salvage title plus dealing rebuilding it., a wrecked bike no thank you compare prices salvage vs regular bike adding the copart fees is a no for me.

@willieboy8798 5 ай бұрын

do you think these people are in business to do favors?? you factor that into the price! edit you did good on your video but it is worthless for anything other than restorers .... i did like your detail in costs but you forgot years of enjoyment in riding it!

@iainyoung2677 3 жыл бұрын

He looks stoned

@serviceproper 2 жыл бұрын

No idea what you're talking about. Maybe for this little pos it isn't worth it. However there's other vehicles & motorcycles that are. To say as a whole Copart isn't a good place is a stupid assumption.