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#4 | |
The Architect.
![]() Join Date: May 2006
Location: Los Angeles, CA
Posts: 11,535
Trader Rating: (392)
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Feedback Score: 392 reviews
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Quote:
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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#5 |
Zilvia Junkie
![]() Join Date: Apr 2008
Location: (at rock bottom)
Posts: 442
Trader Rating: (1)
![]() ![]() ![]() ![]() ![]() Feedback Score: 1 reviews
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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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#6 |
Nissanaholic!
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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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#7 | |
Zilvia FREAK!
![]() Join Date: Oct 2009
Location: socal, man!
Posts: 1,261
Trader Rating: (11)
![]() ![]() Feedback Score: 11 reviews
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Quote:
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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@dangerdamian |
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#8 | |
Post Whore!
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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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#9 | |
Post Whore!
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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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#10 | |
Zilvia Junkie
![]() Join Date: Apr 2008
Location: (at rock bottom)
Posts: 442
Trader Rating: (1)
![]() ![]() ![]() ![]() ![]() Feedback Score: 1 reviews
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Quote:
You have no idea how jealous I am right now! |
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#11 | |
Zilvia FREAK!
![]() Join Date: Oct 2009
Location: socal, man!
Posts: 1,261
Trader Rating: (11)
![]() ![]() Feedback Score: 11 reviews
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Quote:
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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@dangerdamian |
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#12 | |
Nissanaholic!
![]() Join Date: Apr 2010
Location: Co springs, CO
Age: 35
Posts: 1,928
Trader Rating: (10)
![]() Feedback Score: 10 reviews
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Quote:
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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