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?

 

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

 

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

 

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.

 

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

 

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.