Buy Here Pay Here Dealer

[El Jefe]

Originally Posted by Big Smoke

My father and I have bought 5 cars over the years as police tow auctions. Granted, 4 out of the 5 needed a bunch of work, which we were able and happy to do ourselves. Though the first car I ever owned, we bought at a police auction when I was 16 in 2006. 1989 Ford Crown Victoria. Bought it for $225, and it ran like a champ. That big ass boat was completely worthless in the snow, fishtailed everywhere in the rain, had a 5.0 V8 that got like 14mpg, but the interior was super clean, and most importantly, it ran. Good memories with that car

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.

[TLO]

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.

[El Jefe]

Originally Posted by Big Smoke

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.

"They be like Tech N9ne he crazy huh", sorry I had to say that, everytime I see your picture I think of that song.