dpkelly

Like the topic states, I'm looking to buy used cars for cheap, fix them up and then sell them. Has anyone ever tried this? I can do most repairs myself. What can I make per car approx?

fmrprojects

get a auction license, you can make more money that way. this kind of work does have a lot of down time from when you finish the car, to when you sell it

WrongWD

iTrader: (1)

ive done this before. What it all boils down to is the attention to detail that you give. I bought a civic for $500, sold $400 worth of parts off it, then sold the car for $1000. My cost on parts to fix it was nothing

fwdtamiya

In some states if you pass X amount of cars sold in one year, you must get a dealer license i believe, or pay the state a fee.

-Gary-

I've done it several times, but it all started as me fixing them up for me. Here are a few examples:

1) I was given a 1998 Oldmobile Cutlass Supreme because it had a "bad transmission". Long story short, I replaced the bad driver-side CV Joint and drove it and my family to Disneyworld and on another trip to North Alabama without any issues at all. I ended up selling it for $1200.

2) After some lady totalled my 1992 Civic Si, I pocketed the insurance check and then bought it back from the insurance company for $500. I drove it with a smooshed back-end for 8 months and then sold it for $1200.

3) I bought a 1998 Chevrolet C1500 Extended Cab for $1000 from a buddy. I put new brakes on it, ran several hot-shots in it, and then sold it several moths later for $4600.

The key is to get a good deal to start with, and more importantly, be willing to wait for a good deal to come along. It's alo a good idea to buy a car that can be sold fairly quickly and price it as such.





Modified by scuzz at 9:48 AM 3/30/2006

bnuk013

Last year I bought a 94 LS for $600 cause the kid said he broke the timing belt, turns only thing wrong with it was the igntion coil needed replaced. so yeah I made some money off that one.