Flipping interesting cars is honestly a waste of time unless you're doing it strictly for fun and are okay with breaking even or losing money. As stated many times above, appliances are what people buy. Niche cars are a pain to flip, especially if they have a salvage title.
I bought a rebuilt title C5 Corvette a while back for $5000 and I'm basically trying to get that money out of it but I've been selling it for like two months now with no serious offers. It runs, drives, and everything works, but because it's a niche car that isn't a daily driver appliance, the only people who are contacting me are lowballers or people who think they can buy it cheap and flip it.
The sad thing is that parting out cars can often make a lot more money than selling cars, especially with older ones or high-mileage ones. I bought a $1000 BMW 540i with 200k miles and a salvage title a few years back, and instead of selling it for like $1500-$2000, I made like $3500 out of parting it out. But then you need the time and space to deal with 10,000 lowballers, versus only dealing with a few hundred lowballers when selling a whole car.
dannyzabolotny said:
Flipping interesting cars is honestly a waste of time unless you're doing it strictly for fun and are okay with breaking even or losing money. As stated many times above, appliances are what people buy. Niche cars are a pain to flip, especially if they have a salvage title.
I bought a rebuilt title C5 Corvette a while back for $5000 and I'm basically trying to get that money out of it but I've been selling it for like two months now with no serious offers. It runs, drives, and everything works, but because it's a niche car that isn't a daily driver appliance, the only people who are contacting me are lowballers or people who think they can buy it cheap and flip it.
The sad thing is that parting out cars can often make a lot more money than selling cars, especially with older ones or high-mileage ones. I bought a $1000 BMW 540i with 200k miles and a salvage title a few years back, and instead of selling it for like $1500-$2000, I made like $3500 out of parting it out. But then you need the time and space to deal with 10,000 lowballers, versus only dealing with a few hundred lowballers when selling a whole car.
i'd be interested if you weren't so darn far away after i get the $ from selling the subie.
93gsxturbo said:
None of the above, flip a Honda. If you want one of these to drive for free while you attempt to sell and are OK with taking a loss, wheeler dealers style, I would take the 944. Jags do nothing for me.
love that show. Also neither
