Quote:
Originally Posted by El Jefe
Good luck with that now. I should preface that by saying that I am talking about my area. I don't care how well you know cars, in my area you would be lucky to find anything that was driveable on the freeway for under $1500. I have bought over 30 cars in the last 3 years from individuals, craigslist, referrals, customers, auctions, and I have only lucked into 2 cars that I got cheap and ended up being able to flip them fast with a minimal investment. If it is really that easy for you to find cheap well running cars you would be a fool not to take advantage of that and flip as many as you can IMO.
|
The Crown Vic was really the exception. We bought it for $225, I drove it for a year, ended up selling it for $1200. We bought a 94 Honda for $500 put a new transmission in it, and sold it for $1700. A 94 Talon we bought for $125 which needed a motor and transmission. The AWD and turbo were both good, so we dumped a grand into it and I drove it for 2 years beforre selling it for $2200.
I have always had good luck buying cars cheap and then turning around and selling them for profit. But no way could I do it without my father, not to mention it takes a lot of time to get some of these cars back in running order. Once again I go back to saying the Crown Vic was really the only exception in terms of minimal time and investment.