Copart: Who are buying these?
#1
Copart: Who are buying these?
Ok, who are buying the Salvage Titled Defenders for so much money?? Is it Parts recyclers or Goonzquad wanna be's? (Jokingly meaning people who take salvage titled vehicles and try to make them drivable for a mark up). Here is a Salvage title 2020 MY Defender 100 S that is currently bidding at $52k! For most of the last year all the prices have been insane. I know things are up, but these always take a lot of investment and they will STILL be salvage titled. Where are they going? Anyone have any thoughts?
Link
Link
#2
Not sure about the specifics in this case, but I had a Uzbek Lyft driver in New Orleans who told me that he and some friends had a sideline in buying salvage title vehicles in the US, fixing them and then shipping them back to Uzbekistan where the concept of salvage titles does not exist. I would wager that there's a similar thing going on here - especially to areas of the world where new and legal Defenders are not available.
The following users liked this post:
GrouseK9 (05-16-2022)
#3
#5
#6
This is just one of the many.
Also I have friends overseas who actually buy 110 and 90s when they get some that can be put back together relatively lightly. It is indeed a pain, but it pays handsomely overseas. Also, the labor there is a lot less expensive than here.
#8
The following users liked this post:
GrouseK9 (05-17-2022)
#10
I'm also wondering what "ships fast" really looks like.