How CoProxy Works
How to buy a Copart car on CoProxy
How-to guide for buying used cars from auctionsBuying through CoProxy means you do not need an account, membership, or deposit with Copart. However, you will need a free account and minimal deposit with CoProxy since you will be buying in a direct seat within our brokerage. If you are sure you are going to buy a vehicle in a state that requires purchases be made through a brokerage, you may be able to request your deposit back from Copart.If you have a Copart account already, you’ll need a CoProxy account as well. CoProxy facilitates the vehicle purchase for non-licensed dealers to conform with state regulations.
Step 1
Create a CoProxy account
Register for a free membership
Registration is easy and there is no Copart membership cost. Sign up in just a few minutes.Add a Payment Method
You’ll need to add a payment method in order to add a deposit. Deposits 10x your buying power.Upload Documents
U.S. residents need just a drivers license. If you are purchasing under as a business we’ll also need a copy of your incorporation paperwork.Step 2
Confirm your desired buying power
Buying power is the term used to describe the account purchase limit. This exists to protect all parties from purchases that far exceed the scope of the account. This can be adjusted at any time but it is recommended to manage your limit to be only what you're comfortable budgeting.Buying power is based on your deposit. The deposit represents 10% of the total buying power. A deposit of $1,000.00 = $10,000.00 in buying power.Your deposit will not be used in the purchase of the vehicle. Instead the deposit will be held on file in the event of non-payment, and for future purchases. You can request a deposit be returned at any point so long as you have no outstanding bids or invoices.
- Confirm your buying power
- Submit deposit payment to CoProxy
But I already have a deposit with Copart...Even if you have a deposit with Copart, unfortunately this deposit does not migrate to CoProxy. Some customers know they are going to buy a vehicle in a state that requires a broker and in-turn, they do not need a deposit or direct account with Copart. Simply create a CoProxy account and submit your deposit directly on CoProxy and you’re covered for purchases on Copart.com. CoProxy works with Copart as an official broker and we manage the relationship between buyer and auction. If you are sure you are going to use CoProxy and buy a vehicle in a state that requires a broker, you can request your deposit back from Copart.
Step 3
Shop for used cars online at the Copart.com auction
Once you paperwork and deposit steps have been completed you will receive an email from Copart with your login and direct seat information. With 200,000 used vehicles for sale, Copart inventory is the premier used and salvage vehicle auction. You can also:
- Use powerful filters to narrow your used car results
- Set up watch lists to keep an eye on vehicles
- Save searches to make shopping faster
You can schedule a visit to a Copart yard here: https://visitor-sign-in.copart.com
Step 4
Live bidding on Copart auctions
Pre-bidding
- Place a pre-bid, and our system will automatically bid for you during the live auction up to your maximum bid amount.
Live bidding
- Compete in the exciting live auction with real-time bid updates. Bid as if you were there in person.
Buy it now
CoProxy makes it easy to bid how and where you want.- Skip the auction and secure the vehicle by paying the “Buy-It-Now” price that the seller has set. If there is no buy-it-now price then the seller has opted out of that option and you can only purchase the vehicle via bidding in the auction.
Step 5
Winning an auction on Copart
Process your payment through CoProxy. As your official Copart broker, we facilitate the transfer of funds and represent the buyer in the transaction. This is necessary in situations with laws that require a licensed party to make the purchase on an auction. Most payment options have a delay so you’ll have to wait for confirmation of the payment from the auction and release of the vehicle. Be sure to pay on time as late fees, storage fees, and relist fees can add up fast.
You can view your won items here: Dashboard > PurchasesSimply click a purchase and view the Checkout page to complete your transaction.Step 6
Pick up and transportation
You can schedule a visit to a Copart yard here: https://visitor-sign-in.copart.com