I bought a truck from a shithole dealer that seemed like the guy was selling cars from an abandoned house and I had to tell him which forms I needed for the purchase.
He didn’t even inspect the truck and called me to give him an inspection sticker. I slapped a sticker on it where I used to work. No way would it pass with bald front tires, no rear brakes and no e-brake.
The truck was parked in the backyard of the house on a pile of brush. I just happened to drive by and see it when I was looking for a cheap beater.
What’s difference from you buying crashed or beat up s2000’s and flipping them? To me, buying a car with parts off every s2000 on the USA is a definition of hack job…
i was agreeing with you, i stated that my attitude isn’t the norm. which is why you have so many shit hole dealers. if people cared about where they bought cars from they wouldn’t exist. and people would get more then a year out of their <3k cars. (don’t take this as i’m saying your cars wont last i have no clue what condition your cars are in when u sell them)
I never said anything bad about you dude, i’m sorry if you took it that way. i was just making a general statement, not directed toward you at all. you know I’ve got mad respect for your hustle
EDIT: Mike moved this thread and put my comment at the top, removing his comments before mine… my comment was in no way meant to disrespect you, it was just a comment to a general discussion we were all having
I didnt think you were disrespecting me man lol… you disagreed with me thinking that most people riding around doing a drive by for a 3k car would be turned off by reputation, I didnt think they would be is all.
And I’m sure you’re right in that respect if all you ever plan to sell is cheap cars. I would think there is more money in more expensive cars, and that cheap cars would be a starting point.
cheap cars can be sold in more volume though and often for more profit.
My friend bought a car at an auction a while back for $250, changed the oil and sold it for $2500. The guy backed it up a few feet and then pulled it forward a few feet and bought it.
He always had the best luck selling cars under $3k.
and let seem him do that multiple times a day, you know enough to make a comfortable living off of it. i’m willing to bet very rarely is he able to turn around and sell a car he bought for $250 for $2500.
He’s not in the car business anymore but he used to rebuild wrecks all the time and some cars he had almost nothing into. He made good money doing it but got sick of working on cars.
A $300 Neon became a $3000 Neon after painting a bumper and putting a radiator in it.
$60 Olds was sold for $700 after putting a $60 starter in it.
There were several more he made tons of money on too.
and a painting a bumper and radiator is a lot more money then just an oil change. and oh yea then you go into the money pits…thank you for proving my point, your not simply doing an oil change and making thousands off cars purchased for hundreds and making a living doing just that.
Cheap cars have sliightly less profit then more expensive cars, but not enough for me to switch over… Plus im doing my own cash purchasing… Most higher dollar car dealers get floor plans which finance the cars bought which means zero dollars out of pocket but tons of interest monthly making profit margins nearly the same. 37 cars i have right now and i only have a little over 40k invested… 37 cars at 10k a peice on a floor plan is 370000 which at a lowwww intrest rate of 3% $11,100 just in interest monthly… Even if you sell all your cars in less then a month you still pay a fee and if you dont sell it within 90 days you have to buy that vehicle out of pocket so whats the sense? …unless ur a huge dealer that has to
And doing it 3-4 times weekly with a high volume inventory makes for real good money.
Havent been making arab money like that yet lol, but hopefully after i get this building and can provide financing with low numbers down thennnn ill start making big bucks.
Know a couple guys who sell really high end cars used (Lambo/Ferrari) on floor plans but fuck having 2+ million in inventory paying the rates on that monthly.
I wouldn’t sleep at night. (I don’t much now as is lol).
Yeah, I could never do it… I hate payments more then anything… If I ever hit lotto and won like 10+ million, I honestly think id STILL hate paying a 8-9k+ mortgage plus taxes if i financed… Kinda the reason I live in a shitty house lol… I have money and make money, but just dont want the stress of “overhead” if you will.
