Car "Flipping" - in terms of resale - Page 2 - GM Forum - Buick, Cadillac, Chev, Olds, GMC & Pontiac chat


General GM Chat When starting new posts, please specify YEAR, MAKE, MODEL, ENGINE type, and whatever modifications you have made. Chat about all things GM (and related cars). Off-topic stuff should be in the Lounge, and all Model specific mechanical problems should be posted in the proper forum.

Reply
 
 
 
Thread Tools Search this Thread
Old 11-09-2009, 07:16 PM   #11
Senior Member
True Car Nut
 
sawgunner's Avatar
 
Join Date: Jan 2009
Location: Dover, NH
Posts: 7,122
Thanks: 0
Thanked 0 Times in 0 Posts
sawgunner is on a distinguished road
Default

you forgot about it burning oil better sell it as-is so no fall back
sawgunner is offline   Reply With Quote
Old 11-09-2009, 07:19 PM   #12
Senior Member
Posts like a Turbo
Thread Starter
 
theedgeofsanity's Avatar
 
Join Date: Aug 2008
Location: michigan
Posts: 359
Thanks: 0
Thanked 0 Times in 0 Posts
theedgeofsanity is on a distinguished road
Default

oh its a sell as-is for sure! the 2.2'* are known for burning oil and with 185,000 on the clock, it can be expected.
theedgeofsanity is offline   Reply With Quote
Old 11-14-2009, 08:54 AM   #13
Member
Posts like a V-Tak
 
Mister3800's Avatar
 
Join Date: Aug 2009
Location: Tennessee next to THE DRAGON
Posts: 32
Thanks: 0
Thanked 0 Times in 0 Posts
Mister3800 is on a distinguished road
Default

Go for it - odds are you wouldn't lose money plus it would be good practice for the future.

Thanks again to JimmyFloyd for the great response for anyone who wants to get into this kind of thing full time. I've been doing this for about 6 months, just for fun and hopefully like he said in #6 to make ~$500 (or at least not lose money lol) from each car.

Sometimes you win; sometimes you lose. I bought a non-running Toronado Trofeo that needed the heads reworked because the previous owner overheated it & blew the head gaskets. Then when we got it running we found out why: the radiator was bad. Once that was replaced we test drove it and found out that the tranny didn't have 1st gear. I still have that car, waiting on a suitable transaxle.

I only buy GM cars with 3800 engines - because I love them & for the sake of parts interchangeability (hence my nickname on here ). In Tennessee you can only sell 5 cars per year that have been titled in your name before having to get a dealers license, so I'm almost at my limit.

My only problem is that I'm addicted now! I can't stop scouring Craigslist for bargains and I keep finding Bonnevilles/Delta 88'*/Park Avenues that I want, but I would have to sell the ones I have. Without a dealers license that is a $500 penalty over 5 cars.

Best wishes to you if you get into this! Just be sure to go to your state dmv website & see exactly what the laws are.

Steve
Mister3800 is offline   Reply With Quote
Old 11-14-2009, 02:41 PM   #14
Senior Member
Posts like a Northstar
 
Join Date: Oct 2009
Location: Boston Mass
Posts: 684
Thanks: 0
Thanked 0 Times in 0 Posts
sgp358 is on a distinguished road
Default

Just remember that you will have to stand by your sale if something happens to the car.
I would say to pass on the Sunfire. By the time you are ready to sell it, you will most likely own it for more than it will bring.
sgp358 is offline   Reply With Quote
Old 11-15-2009, 08:27 AM   #15
Senior Member
Posts like a Camaro
 
onesweetride's Avatar
 
Join Date: Oct 2009
Posts: 1,012
Thanks: 0
Thanked 0 Times in 0 Posts
onesweetride is on a distinguished road
Default

Car flipping is hard.There are always unforseen problems that may occur.Like it has been said know what'* good to resale.Imports seem to do well. Younger crowd likes tuners.good reliability.Vechicles are strange. We had an older Chevy custom van aptly painted brown. It was sold after about 2 months That solder faster than a newer '90'* Merc Cougar w/only 64,000 showing on the clock. That was in really great shape. It took over a year to sell. We sell off a main road.Never know what someone may buy.
onesweetride is offline   Reply With Quote
 
 
Reply

Related Topics
Thread Thread Starter Forum Replies Last Post
Flipping upper mounts BillBoost37 Performance 0 12-07-2010 10:13 AM
Ten ways to ruin your car's resale value MOS95B Lounge 20 02-25-2006 08:46 PM
2004 GXP resale value marquette97 General GM Chat 28 02-19-2006 04:17 PM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -4. The time now is 07:48 PM.


We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.