I'm thinking of buying a vehicle through Copart, but I'm a bit confused about the fees. Can anyone break down what fees Copart charges and how much they typically are? I want to understand the total cost before bidding.
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Copart charges several fees that are important to be aware of before bidding. Here's a breakdown:
Buyer Fee – This is the main fee you’ll pay on top of your winning bid. It depends on the final sale price of the vehicle and can range from about $25 for very low-cost cars to several hundred dollars for higher-priced ones. The exact fee is based on a tiered structure.
Internet Bid Fee – If you’re bidding online, expect an additional fee ranging from $0 to $79 depending on the final price of the vehicle.
Gate Fee – Every vehicle purchased comes with a standard $59 gate fee, which covers vehicle processing at the yard.
Storage Fees – If you don’t pick up the vehicle within a specified time (usually within a few days), you’ll incur storage fees, which can be around $5-$20 per day, depending on the location. More here https://stat.vin/blog/copart-fees-what-is-their-amount
Documentation Fee – Some vehicles may require additional paperwork processing, especially if they have titles or need to be exported. This fee varies by vehicle and region.
Make sure to add up these fees when calculating your total cost! It's also a good idea to check the fee schedule on Copart's website since fees can vary based on location and vehicle type.