Hard to say. Obviously, it all just depends on how much you pay for the car and repairs vs. how much someone is willing to buy it for.
I know some people buy cars at auction, and turn around and sell them.
If you sell a certain amount of cars a year, most states make you get a dealer's license. Also, if you're selling privately, what's your approach for selling the cars? You're not going to say you've had the car for x-amount of years, so what will you say?
I've always heard it's hard to turn a profit on cars. You don't know what repairs the car will need, and you don't want to get stuck with a money pit.
Just my thoughts on the idea. About a year ago, my friend and I considered getting auction cars, and respraying/fixing them and selling them. We decided against it.
I know some people buy cars at auction, and turn around and sell them.
If you sell a certain amount of cars a year, most states make you get a dealer's license. Also, if you're selling privately, what's your approach for selling the cars? You're not going to say you've had the car for x-amount of years, so what will you say?
I've always heard it's hard to turn a profit on cars. You don't know what repairs the car will need, and you don't want to get stuck with a money pit.
Just my thoughts on the idea. About a year ago, my friend and I considered getting auction cars, and respraying/fixing them and selling them. We decided against it.
My neighbour does it. He used to specialize in late 80's and 90's F-150s and full size Broncos untill the profit margin got too slim. When they were ten years old or less they fetched more coin than when they became 13 - 15 years old. He probably flipped close to 80 of those trucks over a ten year period. He now restores classic mustangs because the return on investment is better, but he only does one car every year or so. He did a California Special that took a while to sell and is working on a GT 350 clone now that I've posted pictures of here. He has another C/S waiting on the back burner. The bulk of his income is repairs on client cars in his home two bay shop.
You are just getting paid for your labor, at the end of the day. If you want to couple that with a major financial investment, you better know what cars will sell for, and what repairs are worthwhile.
Most people decide just to get paid for repairing cars rather than flipping them. Of course, occasionally an outstanding opportunity rolls along, and you gotta do it.
Most people decide just to get paid for repairing cars rather than flipping them. Of course, occasionally an outstanding opportunity rolls along, and you gotta do it.
I think what appeals to most people is the idea of working on a car, gaining the experience, and getting paid for it, or just breaking even.
For anyone who's not a mechanic, getting to do any work on a car will cost them money, unless they're helping a friend.
if you want to get into buying and selling older cars around here look at datsun z cars. there are even still a few in the wrecking yards. i worked in the last wrecking yard in town that really had any old mustangs back in high school (summer of 86), it's been dry around here since then.
lol...if you ever see an SN in a junkyard, it'll be picked clean. V6 or GT, doesn't matter. Luckily, I found a place close by that's pretty much unkown and he has a couple V6es I've gotten parts out of; he gives me good deals too.
But yea, SN cars will be picked clean. Foxes are only rare if you're looking for 5.0-specific parts.
Anything older than that is pretty much non-existent in yards around here. I can't even find Granadas or Mavericks.