KNB Registered Broker Program

Registered Copart Broker IL

KNB Motors is proud to offer to our clients the ability to bid for vehicles directly at Copart Auction through the Copart registered Broker program. Once registered, you’ll be able to bid live at over 150 auctions nationwide. A password and bidder number will be emailed to you and you’ll be on your way.

We can assist you with nationwide transportationdocumentation, and a full logistical dept. Contact us for any additional questions or simply fill out the quick registration process(fees apply).

In addition to getting access to vehicles you may not otherwise qualify for, Copart Members using KNB Broker services can benefit in other ways too. KNB can help answer questions you may have about vehicles and the auction process. KNB can also provide inspections, parts locating, repair and transportation services if needed.

Fees & Payments

Registration Fee: $0

Security Deposit is 10% of your maximum bid or a minimum of $600. We take security deposits via Zelle, Venmo, wire transfer, or cashier’s check.

We charge a $25 bid fee per lot.

In the event you do not win the auction and want a refund of your deposit, we keep $50 for our broker fee and refund you the remainder of your deposit.

These fees are controlled by Copart and are expected to be paid immediately after winning the auction:
Copart fee is based on the sale price at auction

(See Fee Schedule on Copart’s website, https://www.copart.com/member-fees-us-licensed/)

*Fees vary between Clean and Non-Clean titles, as well as standard vs. heavy vehicles
Bid Fee for bidding in online auction is $140 (could be less depending on auction)
Gate fee $80
** Copart charges a $50 late fee if funds are not paid within 48 hours

Broker fee $250
Documentation Fee $350
Overnight title (customers outside of IL) $28
Temporary plate $75 (clean titles only, customers outside of Illinois)
If you are registering in Illinois, we will issue permanent plates and collect taxes as well.

For any salvage title vehicles, IL residents are to go through the dealership for repairs and Salvage Inspection with the state which has a fee of $750. Estimates on necessary work are provided once the vehicle reaches our facility. Once the vehicle passes the Salvage inspection, we will request a rebuilt title from the State of Illinois which takes about 3 weeks to be received from the state.

If the lot is not paid in full within 8 calendar days (including the day of sale), the vehicle will be relisted. The Relist Fee will be 10% of the final sale price with a minimum of $600.

If you have a deposit on file, the relist fee will be taken out of your existing deposit.

You are responsible for any late fees, storage fees and any other ancillary fees incurred during the purchase process.

Here is a link to our Terms and Conditions page, https://www.copart.com/content/website/data/graphics/copart/reseller/knb_motors_tac.pdf.

 

Request Information on our Copart Services

Please complete this form in its entirety once you have selected a lot number and intend to place a bid. A representative will be following up with you by phone once completed.  Do not send any money until you have spoken verbally to a representative regarding our fees. Please submit your registration at least four hours prior to the auction start time.

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Copart Tips 101

Before bidding on a Copart vehicle, it is important to understand the various words, terms and phrases that appear on our website that will help you become a more educated Copart buyer. Whether you’re a veteran or a rookie at Copart, it is important to educate yourself on commonly misunderstood language.

Run and Drive

The term Run and Drive often causes the most confusion among Copart Members, so let’s clear this up.

When a vehicle arrives at a Copart yard, Copart confirms that the vehicle starts, can be put into gear and can move forward under its own power. There is no guarantee that this will still be true by the time the vehicle is picked up on location. There is also no guarantee that the vehicle is in roadworthy condition, or can be legally driven upon the roadways of the state in which the vehicle resides.

The term Run and Drive was put in place to ensure that Copart Members understand the condition of the vehicle they are bidding on. Learning and understanding this term will help you become a smarter, more experienced Copart buyer.

Title Types

A Title Type signifies the ownership documents that will be transferred to the Buyer. There are a variety of different ownership documents that each state can issue a vehicle. Each individual document type conveys with it certain ownership rights and/or restrictions. Buyers should research the viability of each type of title document for their projected use of the lot prior to bidding. States maintain information on their website for this reason. Not all Copart Members are able to bid on all title types; some title types require explicit business licenses. Refer to our licensing page for more information.

It is always smart to keep in mind that the listed Title Type is only the current ownership document. They do not in any way represent or attempt to represent any prior history of the lot. To learn more about the history of any vehicle you are welcome to use vehicle history companies such as AutoCheck or EpicVIN.

Damage Types

Copart has numerous Damage Types, listed as codes, that are used to designate what damage the lot has sustained. There are Primary Damage codes as well as Secondary Damage codes. Both damage codes describe significant information about the damage of the lot and one code should not carry more importance than the other.

AO – All Over BC – Biohazardous/Chemical
BE – Burn – Engine BI – Burn – Interior
BN – Burn BI – Cash for Clunkers
DH – Damage History FD – Frame Damage Reported
FR – Front End HL – Hail
MC – Mechanical MN – Minor Dents/Scratches
NW – Normal Wear PR – Partial/Incomplete Repair
RJ – Rejected Repair RO – Rollover
RR – Rear End SD – Side
ST – Stripped TP – Top/Roof
UK – Unknown UN – Undercarriage
VI – Missing/Altered VIN VN – Vandalism
VP – Replaced VIN WA – Water/Flood

The damage codes only represent reported and/or known damage. Copart explicitly disclaims the accuracy of damage codes, as the information may not accurately represent the damage on any vehicle. Damage codes should not be relied on during the bidding process. Copart strongly recommends that Members thoroughly examine lots before bidding and purchasing.