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Old 12-06-2010, 08:23 AM   #1
5pecialist
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I'm calling bullshit on all these car-sale-for-profit stories.
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Old 12-06-2010, 09:57 AM   #2
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I'm calling bullshit on all these car-sale-for-profit stories.
It is possible, but just no in California because there is too much competition.
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Old 12-06-2010, 10:03 AM   #3
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It is possible, but just no in California because there is too much drift tax.
yea i feel ya
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Old 12-06-2010, 10:09 AM   #4
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I'm calling bullshit on all these car-sale-for-profit stories.
Don't know if you're being sarcastic or not, but there's no bullshit about it.

So many people do it. There's good money in it. Thing is, you have to be GOOD at it.

Too many people think buying junk cars(stupid cheap) and flipping them is good money. It's not. Nobody wants a junk car.

You have to know your way around cars. Give them tune ups, clean the exterior/interior, detail it and make it look presentable. When I was in the market for a G20, I saw some of the shittiest condition ones I had ever seen. Trash all over the carpet, caked on brake dust on the wheels, exterior in piss poor shape, etc. If you can't detail a car yourself, pay someone to do it. There's plenty of shops/mobile shops that do this. Making a car look presentable can easily raise your profit another grand or two (depending on what the car is actually worth).

Buy cars that are easy sales. People really want affordable, low maintenance, great-on-gas cars. There's TONS of 4-door, 4-cylinder cars to be had cheap. Auctions, craigslist, forums, etc. Stay away from salvage titled cars. That alone will force you to drop the price a couple hundred/thousand.

Also, buy cars that are currently popular. 240's aren't the greatest investments (unless modified with GOOD parts). Once the money starts rolling in, you can start buying some of the more expensive cars and make a higher profit.

This is obviously not for everybody. There's no "get rich quick" scheme in this. If you really want something, you have to work for it.

As mentioned above, I know plenty of people who do this on the side while working full time jobs. Flipping just 2-3 cars a month will easily net you over $5-6,000 if done right. Hell, if you did one a month, that alone is extra cash you didn't have before.

Yes, buying/flipping cars does require you to have some cash saved up and some free parking space, but if done properly, you can easily turn the $2-3,000 you "invested" into $20-30,000 in a couple of months.
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Old 12-06-2010, 11:20 AM   #5
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Thanks CrimsonRockett. I bought a Saturn for $350, detailed it, fixed some body damage and advertised it for $1200. 40 MPG.. great ride. Ended up ditching it for about what I had in it after 6 months with no buyers. That might have been a bad time though - was during Cash 4 Clunkers so all the bottom feeders were busy getting cars from Obama. The market might be better now. Hmmm...
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Old 12-06-2010, 11:30 AM   #6
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Make stickers, they can be done for as little as a dollar per sticker and then turn around and sell them to fanboys for like $5.

Or buy and flip cars.

I've known people that have just sat on CL and forums all day waiting for deals to come up. They would buy cars with minor issues and fix them on the cheap and then sell or trade them for Profit. A buddy of mine just picked up an SR-ed S13 for 1300 with a blow turbo, swapped in another turbo and could sell it for 3k in a day if he wanted.

The money is there, you just have to be willing to put the work in.
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Old 12-06-2010, 01:21 PM   #7
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Thanks CrimsonRockett. I bought a Saturn for $350, detailed it, fixed some body damage and advertised it for $1200. 40 MPG.. great ride. Ended up ditching it for about what I had in it after 6 months with no buyers. That might have been a bad time though - was during Cash 4 Clunkers so all the bottom feeders were busy getting cars from Obama. The market might be better now. Hmmm...
Well for one, you gotta buy cars that are common and know what age range you are trying to target. IMO people who buy saturns are about 24-35 yrs of age, who doesnt care about the car and probably take care of em jst to stay afloat.

You can find and buy a honda civic for $1K from a shop or anyone who came up on a new car and jst tryin to get rid of it, and you can turn around and sell it for more 2x as much to some kid whose getting his first car... same with 240sx. And you gotta know how to talk down the price for more profit.
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Old 12-06-2010, 08:22 PM   #8
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Originally Posted by STEEZxIT View Post
Well for one, you gotta buy cars that are common and know what age range you are trying to target. IMO people who buy saturns are about 24-35 yrs of age, who doesnt care about the car and probably take care of em jst to stay afloat.

You can find and buy a honda civic for $1K from a shop or anyone who came up on a new car and jst tryin to get rid of it, and you can turn around and sell it for more 2x as much to some kid whose getting his first car... same with 240sx. And you gotta know how to talk down the price for more profit.

Exactly. Buy a Jeep 4x4 with a blown motor in august for pennies, swap the motor for a 4.0 from your local junk yard (LKQ here charges $150), and in a month or two (snow) sell it for 3-4k.

Civics, 240s, most sports cars if they are presentable can get their prices jacked up solid. A coworker paid 12k for a '88 Corvette with "only 98k miles" cause it looked mint... he then had to put about 3k into it cause it had not moved from the previous owners garage in 3 years.


A friend also scored a S13 coupe, single cam, blown with Ksports, Work-knock offs and some other nice bits for $1,100 once we paid for the trailer. While he is building for him self, we could have easily parted it out for more then $1,100 or tossed in a spare KA24DE we had laying around and sold it for 3-4k around here.
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Old 12-06-2010, 08:17 PM   #9
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Originally Posted by 5pecialist View Post
Thanks CrimsonRockett. I bought a Saturn for $350, detailed it, fixed some body damage and advertised it for $1200. 40 MPG.. great ride. Ended up ditching it for about what I had in it after 6 months with no buyers. That might have been a bad time though - was during Cash 4 Clunkers so all the bottom feeders were busy getting cars from Obama. The market might be better now. Hmmm...
No shit. C4C rapped the used truck market out here. Once upon a time nice Tahoes, Exploders and Grand Cherokees could be had for $500-2,500 all day long... at least nice enough to survive as a winter beater for a few seasons. Now, fuck your lucky to find something running at those prices... they all "disappeared" cause people got taken in by a dumb gimmick.


Dealerships who where hurting and would have gladly knocked off 4k on the sticker suddenly where demanding full retail, and a trade in or private sale that would have netted you 3k, you now got 4-4.5k..... ok, so you lost over $2,000 to get the "Deal of a life time"
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Old 12-07-2010, 08:07 AM   #10
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No shit. C4C rapped the used truck market out here. Once upon a time nice Tahoes, Exploders and Grand Cherokees could be had for $500-2,500 all day long...
It's true. There are no decent beaters left in my current area at all. I would love to tell my current employer to FUCK OFF, then fix up beaters for a living. It would be a dream come true at this stage of my life.

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and heres the car when i bought it

as i sold it, minus the rims.

drove on it for a few months too
You have no idea how jealous I am right now!
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Old 12-06-2010, 10:59 AM   #11
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I'm calling bullshit on all these car-sale-for-profit stories.
To people who thinks buyin a car and putting it back on the market with much more profit, it aint gonna happen. Like Crimson stated, you have to put some work to it, and if its good enough work its worth it and some...Like i posted before, my cousin and i flip cars. its good money, slow at times but good. Just depending on what we buy and what parts i have lying around and what we have to do to the car.

We bought a 93 4 door honda civic for $1000 with missing lights, uneven wheels dirty interior.. pretty much someone who didnt take care of the car. I put about 2 weeks of work detailing it, fixing every electrical, i had blackies with OEM honda hubcaps and threw those on... Got the car sold for $2500... and thats not registering it or smogging it.

Then a vert i sold for my dad, we picked it up for $1500, did the same, and sold it for $2400.

Then he bought a 300ZX turbo from a junkyard with no front end and molded up interior for $900. Changed all that, spent about $300 for a paint job and sold the car for $3600.
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Old 12-07-2010, 06:33 AM   #12
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I'm calling bullshit on all these car-sale-for-profit stories.
I have another one for ya.
its is very possible if you know where to look.

bought this coupe for 400, blown single cam, needed a Manual swap for my vert, and full swaps go for 400-500 anyway

removed all manual parts, sold the trunk lid for 50, sold the pop ups for 30, harness for 50, uh trying to think of everything.
kept the doors for the vert (80 lbs lighter woo)
sold the awful chrome 15' that were on it to some honda kid for 100 w/ tires.
the dash and all interior panels to someone for 200.
rear lights for 40
fenders for 40
all the seats for 100
sold the bare shell for 100.

all were sold at reasonable prices. buyers were happy, they knew i bought the car just to part it out but they got parts they needed at decent prices.



if i HAD sold the tranny and everything needed for the swap out of it i could have easily trippled my investment.

as is i doubled it





heres the rims from my first story, dont have any pics from after i cleaned em up



and heres the car when i bought it

as i sold it, minus the rims.

drove on it for a few months too


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