Anyone buy, fix, & sell cars 4 profit?
11-01-2007, 10:29 PM
#1
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Anyone buy, fix, & sell cars 4 profit?
So does anyone on here do it or ever done it? Did it work out well? Was it worth it? Share some details.
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11-01-2007, 10:33 PM
#3
When I worked at Advance Auto, there was a guy that constantly bought 90's GM 3.1 and 3.8 cars and sold them for profit after fixing parts. He even got a 2003 Corolla for $500 after the owner put 4 gals instead of 4 qts of oil in. He drained it all out, filled it up properly and it ran fine.
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11-01-2007, 10:40 PM
#4
i generally buy used cars cheap drive them a while and sell them maybe a small profit or loss but after a years worth of use i don't care too much about profit. if you really want to do it get a dealers license and go to auctions. though i have seen some REALLY shady **** come out of auctions. if you have the time and space buying cars and parting them out can make money
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11-01-2007, 10:52 PM
#5
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I've done it once with an old Cadillac, basically the guy was so old and sold it to me in MINT condition for $1500 and I turned around and sold it on ebay to a Caddy collector in Miami for $4000.
But I usually flip desireable car parts. Find some schmuck on craigslist or the miata.net classifieds or even locally that has no idea what their parts (usually stock stuff) is worth. I buy it for CHEAP and sell for profit.
Its fun if you're absolutly sure you are going to make money. Case in point I bought a set of Mazdaspeed3 wheels and tires that came off a brand new car (40 miles on them) for $400, kept the tires for my MS3 and sold the wheels for $600
But I usually flip desireable car parts. Find some schmuck on craigslist or the miata.net classifieds or even locally that has no idea what their parts (usually stock stuff) is worth. I buy it for CHEAP and sell for profit.
Its fun if you're absolutly sure you are going to make money. Case in point I bought a set of Mazdaspeed3 wheels and tires that came off a brand new car (40 miles on them) for $400, kept the tires for my MS3 and sold the wheels for $600
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11-01-2007, 11:17 PM
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i've done it a few times with Miatas.
bought my 94 Laguna for $1800, sold for $3500 - brake pads, bra over the dented nose, fixed passenger window, fixed broken cable on freshair/recirc, changed top with a good one already on the frame, front air dam & rear skirt
bought one of my red 94's for $1000. PO said it needed a new head. borrowed a friend's trailer. checked compression. Zero. checked timing belt, it was off by 180 degrees. reset the timing belt. added power antenna. sold a few months later cuz i needed the money, to a friend who helped me with the timing belt job for $2500
bought a red 90 from a friend who needed a deposit for a new car. $1000. came with hardtop, new Tein Basics, new konig heliums with new T1Rs, JR sways, CF hood. Sold off that stuff for $1900. Replaced the thermostat housing temp sender. Replaced top with one on the frame for $100-$150. Sold car for $1000
bought my 94 Laguna for $1800, sold for $3500 - brake pads, bra over the dented nose, fixed passenger window, fixed broken cable on freshair/recirc, changed top with a good one already on the frame, front air dam & rear skirt
bought one of my red 94's for $1000. PO said it needed a new head. borrowed a friend's trailer. checked compression. Zero. checked timing belt, it was off by 180 degrees. reset the timing belt. added power antenna. sold a few months later cuz i needed the money, to a friend who helped me with the timing belt job for $2500
bought a red 90 from a friend who needed a deposit for a new car. $1000. came with hardtop, new Tein Basics, new konig heliums with new T1Rs, JR sways, CF hood. Sold off that stuff for $1900. Replaced the thermostat housing temp sender. Replaced top with one on the frame for $100-$150. Sold car for $1000
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11-01-2007, 11:27 PM
#7
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i've done it a few times with Miatas.
bought my 94 Laguna for $1800, sold for $3500 - brake pads, bra over the dented nose, fixed passenger window, fixed broken cable on freshair/recirc, changed top with a good one already on the frame, front air dam & rear skirt
bought one of my red 94's for $1000. PO said it needed a new head. borrowed a friend's trailer. checked compression. Zero. checked timing belt, it was off by 180 degrees. reset the timing belt. added power antenna. sold a few months later cuz i needed the money, to a friend who helped me with the timing belt job for $2500
bought a red 90 from a friend who needed a deposit for a new car. $1000. came with hardtop, new Tein Basics, new konig heliums with new T1Rs, JR sways, CF hood. Sold off that stuff for $1900. Replaced the thermostat housing temp sender. Replaced top with one on the frame for $100-$150. Sold car for $1000
bought my 94 Laguna for $1800, sold for $3500 - brake pads, bra over the dented nose, fixed passenger window, fixed broken cable on freshair/recirc, changed top with a good one already on the frame, front air dam & rear skirt
bought one of my red 94's for $1000. PO said it needed a new head. borrowed a friend's trailer. checked compression. Zero. checked timing belt, it was off by 180 degrees. reset the timing belt. added power antenna. sold a few months later cuz i needed the money, to a friend who helped me with the timing belt job for $2500
bought a red 90 from a friend who needed a deposit for a new car. $1000. came with hardtop, new Tein Basics, new konig heliums with new T1Rs, JR sways, CF hood. Sold off that stuff for $1900. Replaced the thermostat housing temp sender. Replaced top with one on the frame for $100-$150. Sold car for $1000
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11-02-2007, 12:19 AM
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When I worked at Advance Auto, there was a guy that constantly bought 90's GM 3.1 and 3.8 cars and sold them for profit after fixing parts. He even got a 2003 Corolla for $500 after the owner put 4 gals instead of 4 qts of oil in. He drained it all out, filled it up properly and it ran fine.
That said, my roommate usually just finds cars that just need a bit of TLC...or kids that need money, buys them, drives them for a few months, turns them around and sells them.
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11-02-2007, 12:31 AM
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Saw that 4 gallon instead of 4 quarts thing once too. Used to work at Jiffy Lube when I was 17 and this magilla gorilla like character thought that once around for the dial on the oil gun was a quart. when he got to 4 gallons the oil was over flowing out the valve cover.
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11-02-2007, 05:07 AM
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Reg original topic: If I had a proper shop, I would probably give it a try, focusing on cars I know something about that are not super common, easy to work on and doesn't have super high spare parts prices... Like a Miata!
But I did do it kind of unintentionally once: Bought a -89 Opel Kadette for ~$100 (paid in Swedish kronor), repaired it with junk yard parts. Drove it for 1 year and sold it for ~$250. It was a horrible car though…
Cred to Paul: Sounds like you know what you are doing there.
But I did do it kind of unintentionally once: Bought a -89 Opel Kadette for ~$100 (paid in Swedish kronor), repaired it with junk yard parts. Drove it for 1 year and sold it for ~$250. It was a horrible car though…
Cred to Paul: Sounds like you know what you are doing there.
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11-02-2007, 08:22 AM
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11-02-2007, 08:47 AM
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Ohhh, someone didnt take their meds today.
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11-02-2007, 09:09 AM
#19
No this is just one of those, what is everyone wearing today threads. And I agree with BigJohn. And that this isn't a video game, If/when big john pisses a mod off enough to be banned he will be banned.
And then probably e-raped by hustler
EDITED: for being awesome and using And to start the majority of sentences in this post.
And then probably e-raped by hustler
EDITED: for being awesome and using And to start the majority of sentences in this post.
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11-02-2007, 09:20 AM
#20
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No this is just one of those, what is everyone wearing today threads. And I agree with BigJohn. And that this isn't a video game, If/when big john pisses a mod off enough to be banned he will be banned.
And then probably e-raped by hustler
EDITED: for being awesome and using And to start the majority of sentences in this post.
And then probably e-raped by hustler
EDITED: for being awesome and using And to start the majority of sentences in this post.
lol, ok. So in the future before I start a thread I'll run my question thru you. Ok? I personally just dont respond in a thread that I dont care about, but thats just me.
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