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I've flipped cars before. I only ever made a huge profit on one vehicle. Basically, buying vehicles and then getting them to a point where I was satisfied with them would give me something to do and learn along the way. Once I was done with them I would sell them. More of a hobby then a business plan.
Anyone flip stuff on the side?Ive found a car that I’m seriously considering purchasing and flipping. It’s a clean 99 Mustang (I know). 4.6/5 speed, and the a/c is supposed to work. Now for the fun stuff, it’s got a on3 turbo kit with the base 70mm@7psi (which requires an aftermarket k-member), cams, newer clutch, exhaust, and comes with boxes of parts to turn it up (whatever that means, alky kit maybe?). Basically the owner shipped out to the navy, and his dad just wants it gone. It needs a though detail maybe some wiring cleaned up, and maybe some different oem style wheels. Pros: it’s the right price and could be a easy payday if everything goes right.Cons: it’s a ford, it’s a 2 valve 4.6, could be a nightmare. Any thoughts?
As is is just that. Warranty ends when you drive it past the curb.
two secrets to making money on cars. Pick the right car and spend the absolute minimum on it before selling it. No one that I know ever consistently did either.